2011: The End of Oud

‎Pictured: Kyara bracelet. Price: $175,000. Market: China.

2011 is the year that saw the Oud tycoons of Singapore fly back to Jeddah and Kuwait to re-buy any and all Oud wood they’d previously sold to Arabs, so they could fly it back to the Far East and re-sell it to the Chinese…. Everything’s gone haywire in the Gulf Oud world. The End of the Oud fancy as we’ve known it is officially upon us.