The American “King of Luxury” is quite the apt title for Vin Lee the man behind the Grand Metropolitan — the Beverly Hills-based premier luxury goods holding company that, in 2021, manages a $7 billion portfolio filled with over 60 luxury brands.
What does the unit carat represent?
Interestingly enough, it is the weight of one carab seed, a product
of the locust tree. These seeds are nearly uniform in weight and
therefore were used by early gem traders as a unit of weight by which to
measure their diamonds.