GIRL’S BEST FRIEND: Hong Kong socialite and jewelry designer Bao Bao Wan wore a different hat at Kenzo’s show on Saturday: guest editor for Chinese Esquire. “It’s the most read men’s wear publication in China,” she noted. Not that the jewelry trade isn’t keeping the Chinese fashion fixture busy. “I’m designing pieces for [De Beers-owned diamond jeweler] Forevermark,” she said, adding the pieces would soon be available in select stores in Hong Kong and London.
 

BILLIONAIRE BOYS’ CLUB: Have luxury rivals Bernard Arnault and François Pinault finally buried the hatchet? Sources said Friday the men had lunch last week at the invitation of Arnault’s billionaire buddy, the Belgian financier Albert Frères — and the economic downturn, rather than airing past grievances, was likely the main item on the agenda. A spokeswoman for Pinault said, “We are not commenting on a private meeting.” A spokesman for Arnault also declined comment. The rendezvous garnered full-page coverage in Le Figaro; however, it caught few in Paris by surprise. “They’re pragmatic men,” said one chief executive at a big fashion house.