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Riyadh International Luxury Week; Richemont announces strong start to the financial year with Group sales up by 129%
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Market News
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Riyadh International Luxury Week
MPP-ME has recently announced the launch of a new luxury lifestyle event serving the Saudi Arabian market. Riyadh International Luxury Week will take place at the Al Faisaliah Hotel in Riyadh from 9 - 12 November 2021. This exclusive showcase will connect the world's finest jewellery, watch and bridal brands with an anticipated 20,000+ lifestyle conscious visitors, collectors and high-spending brides-to-be seeking new products and inspiration. Creating a 5 star environment for Saudi Arabia's refined consumers to engage with your brand, Riyadh International Luxury Week holds the key to unlocking a market worth an estimated US$ 10 billion per year. Riyadh International Luxury Week will also incorporate the 10th edition of Salon des Grandes Complications, the most renowned and successful watch-focused exhibition in the Middle East. Featuring over 140 international exhibitors, the Salon regularly attracts 5,000+ high profile watch collectors and watch enthusiasts. This event is a collaboration between Advanced Maysan and MPP-ME. |
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Richemont announces strong start to the financial year with Group sales up by 129%
Versus the prior year period, which was severely affected by the pandemic, all regions, channels and business areas saw sales progress at triple digit rates, with the exception of Asia Pacific, Online Distributors and online retail where sales grew by double digits. The 129% increase in sales was led by the Jewellery Maisons and Specialist Watchmakers with growth of 142% and 143%, respectively. The Other business area, mostly composed of our Fashion & Accessories Maisons, also performed strongly, recording 124% sales growth. The Americas generated the strongest regional performance, with sales increasing by 276% driven by strong local demand, followed by the Middle East and Africa with sales up by 154%. Wholesale and retail led channel growth, with sales progression of 178% and 138%, respectively. |
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Louvre Abu Dhabi and Richard Mille create new exhibition and Art Prize
Louvre Abu Dhabi and Richard Mille have recently announced the launch of a new annual exhibition – to be called Louvre Abu Dhabi Art Here - and the creation of The Richard Mille Art Prize, with the aim of promoting the best of contemporary art. For its inaugural year, the exhibition and prize will shine a spotlight on Emirati and UAE-based artists as part of the UAE’s wider 50-year Jubilee celebrations. Louvre Abu Dhabi Art Here will be an exciting new international exhibition which will serve as an annual platform to showcase contemporary artists working in a variety of media. Each year the exhibition will see four to six artists selected through an open call for proposals, with each exhibiting their artwork in the Forum, a space of interaction and exchange within Louvre Abu Dhabi dedicated to contemporary art. Louvre Abu Dhabi Art Here 2021 will take place in November of this year. |
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Company News
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Jessica Chastain, godmother of the 20th edition of the Trophée Chopard
Official partner to the Cannes Film Festival, Chopard has been turning the spotlight on the most promising actors annually for the past 20 years thanks to the Trophée Chopard. This year, Chopard is honored to have American actress Jessica Chastain serve as godmother of this highly coveted award. Having made her Cannes debut in 2011 with Terrence Malick’s The Tree of Life, she will in turn be turning the spotlight on two up-and-coming film talents by presenting them with the Trophée Chopard. To celebrate the 20th edition of the prize, a splendid evening event was held at the Hotel Majestic on the Croisette. |
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Bvlgari supports Naked Heart Foundation’s charity gala at Cannes Film Festival
Bvlgari continue supporting Naked Heart Foundation, the charity founded in 2004 by Natalia Vodianova to help children with special needs in Russia. On July 13, during the Cannes Film Festival, Bvlgari supported a gala event organized by Naked Heart France and hosted by Alisa Volskaya, the Head of Fundraising at Naked Heart France, at the La Guérite which included the participations of a range of international guests, including Bvlgari brand ambassadors Jon Kortajarena, Solange Smith, Anna Cleveland, Alejandro Spietzer, Sasha Luss, Helena Gatsby, Xenia Adonts and Nieves Alvarez among others and a special live performance by Darren Criss all adorned in Bvlgari Jewels and Watches. For the occasion, Bvlgari decided to contribute to the charity auction with a significant donation. |
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Breitling and Triumph announces a long-term partnership
Breitling and British motorcycle manufacturer Triumph announced a long-term partnership and are gearing up for a limited-edition watch and a customized motorcycle to be revealed in early 2022. Fans of both brands can now visit a Breitling boutique and see that the journey has already begun. Both are innovators in their fields. And both have a cool factor that keeps getting better with age. They know how to celebrate their storied past while embracing the future. Breitling has played a truly pioneering role in the development of the modern chronograph. And partner Triumph has passionately helped shape the evolution of the motorcycle. The two makers share a bold and original design philosophy and a flair for precision craftsmanship. |
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Product Launch
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A. Lange & Söhne launches its new timepieces
Anyone with a sense for subtle differences can discover fascinating details in the current novelties from A. Lange & Söhne. The LANGEMATIK PERPETUAL was the first mechanical wristwatch to combine a perpetual calendar with the Lange outsize date. On the occasion of its 20th birthday, it now comes in white gold or pink gold, both combined with a blue dial, each in a 50-watch limited edition. SAXONIA THIN is presented in pink gold in a limited edition of 50 watches. On the solid-silver dial coated with blue gold flux, tiny copper-coloured particles create sparkling highlights. While the CABARET TOURBILLON HANDWERKSKUNST combines superb watchmaking artistry, to the outermost angles of its rectangular case, with elaborate, traditional and, meanwhile, rare techniques. The CABARET TOURBILLON HANDWERKSKUNST is limited to 30 pieces. |
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Introducing the new Excalibur Spider Pirelli by Roger Dubuis
The latest Roger Dubuis innovation to emerge from an exclusive collaboration with Pirelli, Excalibur Spider Pirelli shows what happens when the finest minds from different industries come together to share their unrivalled know-how, breakthrough research and boundless creativity. Inspired by the renowned motorsport Pit Stop, each element of the new Excalibur Spider Pirelli is interchangeable, from strap to crown and bezel – all with a simple click. With a calibre that includes Roger Dubuis' first automatic skeleton, the transparent view of its self-winding movement is held directly on the inimitable Roger Dubuis star. It also features a micro-rotor, one reduced to its strict essence at 11 o’clock, turning seamlessly with that of the wrist. |
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Radiomir Eilean by Panerai
In a stroke of fate, a yacht that would become a part of the Panerai story was created in 1936. Eilean, designed by preeminent boat builder William Fife III of Scotland’s Fife boatyard, sailed the seas of Europe and the Caribbean for decades before falling into disrepair in the early 21st century. Panerai acquired the yacht in 2006 to fully restore its splendor. The Radiomir Eilean couples the hallmark features of the historic Radiomir collection and the aesthetic lineage of Eilean. Its 45mm case, with proportions and features that have endured since the time of the first Radiomir, is composed of patina steel with a matte finish that reflects light with a softer, warmer luster than highly polished metal. Available in only 449 pieces per year, which reminds of the sail number of Eilean, the Radiomir Eilean will debut in July 2021 to coincide with the arrival of its namesake yacht in Portofino as part of a celebration of Italianità, a concept that describes the highest expression of distinctly Italian culture, style and identity. |
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TAG Heuer teams up with pop culture icon Super Mario
To celebrate the beginning of a long-term collaboration between the two brands, TAG Heuer and Nintendo have created a limited-edition timepiece featuring Nintendo’s most famous character: the energetic Mushroom Kingdom hero, Mario, who takes over the TAG Heuer Connected. This brand-new digital creation, combining luxury and sport with fun features along the way, encourages the wearer to get out and about and step up their physical activity with Mario, to be rewarded by the pleasure and satisfaction of marking their progress. Mario himself is always on the move, whether he’s running and jumping, or playing sports like golf and tennis. His upbeat and active personality will encourage wearers of this smartwatch to enjoy moving too. With its watch dial, which becomes livelier and more animated the more the wearer is active, this edition of the TAG Heuer Connected changes as its user makes progress, for a fun and motivating way of keeping active throughout the day. |
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OMEGA goes for gold with a new Seamaster Aqua Terra Tokyo 2020
Known as the ultimate prize at the Olympic Games, a gold medal represents the greatest accomplishment of an athlete’s career. In tribute to that iconic sporting honour, OMEGA has crafted two unique timepieces, each dedicated to the Olympic Games Tokyo 2020, and made in full 18K yellow gold. OMEGA has been the Official Timekeeper of the Olympic Games since 1932, and will serve in the role for the 29th time when the prestigious event begins this July in Japan. The new Seamaster Aqua Terra watches are offered in 38 mm or 41 mm sizes, and both stand out for their radiant yellow gold cases. As always, OMEGA has used 18K gold, considered to be the premium standard in watch and jewellery making, with its superb balance between purity and practicality. |
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Celebrity News
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Adéle Exarchopoulos shines in Bvlgari at the 74th Cannes Film Festival
Bvlgari France Ambassador and actress Adéle Exarchopoulos wore High Jewelry necklace and ring with diamonds and emeralds during the Red Carpet of “De son Vivant” by Emmanuelle Bercot. |
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