Abel Richard, a new Italian-made handbag brand founded by entrepreneur Abel Richard Bullock, is making its debut during Miami Art Week with the Chrono, a handbag that starts at $170,000.

Its price tag is tied to technology. Each Chrono requires months of production, combining aerospace-grade carbon fiber, proprietary titanium alloys, ceramics and kiln-fired enamel work, all hand-finished by artisans in Bassano Del Grappa.

“The amount of hours and months it takes to make one bag is just unbelievable,” said Bullock, a self-made American biotech founder who began his career creating kiln-fired enamel writing instruments before launching Abel Richard as chief executive officer. Based in Arizona, he leads biotech firms Vetek Labs and Surgenex.

“The idea is to develop something that will la

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