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LVMH announces excellent first half of 2022; Vacheron Constantin re-opens its newly renovated Flagship Boutique in The Dubai Mall
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Market News
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LVMH announces excellent first half of 2022
LVMH Moët Hennessy Louis Vuitton, the world’s leading high-quality products group, recorded revenue of €36.7 billion in the first half of 2022, up 28% compared to the same period in 2021. Organic revenue growth was 21%. All business groups achieved double-digit organic revenue growth over the period. In the second quarter, revenue increased by 27% against a particularly high basis of comparison. Organic revenue growth was 19%, in line with trends seen in the first quarter. Profit from recurring operations was up 34% at €10 235 million for the first half of 2022. Operating margin reached 27.9% of revenue, up 1.3 points compared to the first half of 2021. Group share of net profit was €6 532 million, up 23% compared to the first half of 2021. |
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Company News
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Vacheron Constantin re-opens its newly renovated Flagship Boutique in The Dubai Mall
The boutique pays tribute to the Maison’s deep roots in the Middle East and commitment to outstanding client service. Located on the Ground Floor of The Dubai Mall, the boutique entrance is adorned with the Mashrabiya pattern, traditional to local architecture, references to which continue inside the space offering a metaphorical and physical journey. As a demonstration of the Maison’s commitment to client-centered services, the heart of the experiential boutique opens to the watchmaking bench, intended to encourage interaction with an in-house master watchmaker, as well as a custom strap station presenting both engraving and embossing bespoke options along with a Métiers d’Art collection discovery table placed below an iconic dome. |
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Tiffany & Co. announces Tiffany Atrium
Tiffany & Co. has announced the launch of Tiffany Atrium, a social impact platform that advances opportunities for historically underrepresented communities. The platform’s mission is to create a more diverse and inclusive jewelry industry through commitment, leadership and learning - all of which is reflected in Atrium’s three core pillars: creativity, education and community. The name ‘Atrium’ is inspired by the Return to Tiffany® heart tag necklace - a nod to both the heart as well as the center room around which a house is built. To mark the launch of Tiffany Atrium, the House collaborated with American visual artist and community-builder Derrick Adams to design an original artwork, entitled “I Shine, You Shine, We Shine” which the Tiffany Atrium logo is derived from. |
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Ulysse Nardin partners with 11th Hour Racing Team
Ulysse Nardin is proud to announce its partnership with round the world offshore sailing outfit 11th Hour Racing Team. Both share an intrinsic connection to our oceans and champion a message of the importance of ocean health for everyone. Ulysse Nardin recently announced its role as the Official Time Partner of The Ocean Race and the entire UN team is excited to support one of the event's competing teams. Since its founding in 1846, Ulysse Nardin has had historic ties to the maritime world, having designed and manufactured some of the world's most accurate mechanical marine chronometers, which allow for precise nautical navigation and exploration. Today, Ulysse Nardin honors this tradition and passion for the world's oceans not only with the use of sustainable materials in its contemporary collections but also through the brand's partnerships. |
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Introducing Toi Fine Jewellery
Toi is an up-and-coming jewellery brand that was created by founder, Aisha Binhendi. Aisha was deeply inspired by her travels around the world, particularly in Europe where she was exposed to different cultures and people. Her visits to various boutiques in Paris, Italy, London and various other cities where she admired the variety within the craft of jewellery making. Her high-end jewellery brand Toi translates to ‘you’ in French. It is designed to be as unique as you. Toi jewellery is an ode to both, the brand and its wearer who are individual and unique in their own way. The word Toi, in the context of the brand, however, connotes positivity and distinctiveness of character. In terms of her future plans, she plans on expanding her reach in Dubai and is very much enjoying her success in this region. |
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Product Launch
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Chopard launches Alpine Eagle Qatar Edition
To honour its longstanding partnership with Alfardan Jewellery, Chopard is enriching the Alpine Eagle collection of sporty-chic timepieces with an exclusive model featuring with a burgundy dial and produced in a limited series of just 50 pieces. The case and integrated bracelet of the watch are entirely made from Lucent Steel A223. Thanks to its anti-allergenic composition, this innovative metal boasts properties comparable to surgical steel, making it highly dermo-compatible. With a strength of 223 Vickers, this alloy is 50% more resistant to abrasion than conventional steels and has a unique hardness. Finally, the purity conferred by its superior homogeneous crystal structure enables it to reflect light in a unique way. In keeping with the ethical approach to which the Manufacture is committed, this Chopard-exclusive steel is made from 70% recycled material. |
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Audemars Piguet introduces Code 11.59 Perpetual Calendar in white gold
Audemars Piguet releases a new iteration of its Code 11.59 by Audemars Piguet Perpetual Calendar combining an 18-carat white gold case with a blue aventurine dial and a matching textured rubber-coated strap. This contemporary timepiece continues the Manufacture’s long history of calendar watches while foregrounding once more the Code 11.59 by Audemars Piguet’s endless creativity. The moon phase at 6 o’clock has been reproduced through laser engraving and applied on a thin aventurine disc. The day number and week day, respectively located at 3 and 9 o’clock, as well as the month indication at 12 o’clock are also presented on aventurine subdials. For their part, the week numbers have been transferred onto the corresponding blue lacquered inner bezel. The white gold hour-markers and hands add a subtle contrast, while recalling the colour of the case and crown. |
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Jaeger-LeCoultre presents the Reverso Tribute Enamel Hokusai ‘Amida Falls’
In its latest homage to Asian art, Jaeger-LeCoultre has introduced the Reverso Tribute Enamel Hokusai ‘Amida Falls’, honouring the work of the 19th-century Japanese master, Katsushika Hokusai. The case-back of the new timepiece is decorated with a hand- enamelled miniature reproduction of The Amida Falls in the Far Reaches of the Kisokaido Road (Kisoji no oku Amida-ga-taki), the best-known work from A Tour of Waterfalls in Various Provinces (Shokoku taki meguri), a series of eight woodblock prints created by the artist in 1833–34. Complementing the exquisite tribute to the Asian art form of woodblock printing on the case-back, the dial is anchored in the Western craft traditions of guillochage and Grand Feu enamel. |
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Introducing the TAG Heuer Carrera Red Dial Limited Edition
The Heuer Carrera first designed in 1963 defined the timeless signature style of TAG Heuer’s most refined collection of sports chronographs. Today, the Swiss luxury watchmaker once again pays homage to Jack Heuer’s visionary model with a strong and unexpected rendition of his favorite timepiece, infused with modern elegance and performance. The TAG Heuer Carrera Red Dial Limited Edition draws from the same pure, understated, and legible aesthetic that first made the Heuer Carrera a favorite among demanding racing pilots on and off the track. The silhouette of the original Heuer Carrera reference 2447 is retained including the signature lugs and pushers, now scaled up to a contemporary 39-mm. The indexes and hours and minutes hands are faceted, rhodium-plated and coated with Super-LumiNova® for optimal readability. |
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Presenting the Excalibur Sorayama Monobalancier by Roger Dubuis
Continuing on a journey to create boundary-breaking masterpieces, Roger Dubuis is proud to introduce the third timepiece from its Urban Culture Tribe with the Excalibur Sorayama Monobalancier (MB). Pioneer in his art, the world-famous Japanese artist Hajime Sorayama has been inspiring his peers for decades. By inventing his super-realist feminine “Sexy Robots”, he broke conventions and shook traditions. His talent has been rewarded by multiple awards and his genius led him to work with the biggest names across high fashion, technology, and music. Knowing he chooses to pursue opportunities that force him to push the boundaries of his art, Roger Dubuis invited him to the Manufacture to take on the creative challenge: to reinterpret the Maison’s astral signature. |
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Perrelet presents “Turbine Rainbow”
Perrelet, the Swiss watchmaking manufacture renowned for its original creations with animated dials, is introducing a new wristwatch in the Turbine line for summer 2022. The iconic Turbine model has been renewed and adopts an innovative carbon fibre case with improved water-resistance to 10 atm / 100m instead of the traditional 5 atm. Carbon fibre, a material never used before by Perrelet - except for the unique piece "Turbine Hope" conceived for the 9th edition of the Only Watch charity auction in 2021 – is now deployed on a series of new timepieces in the Turbine sporty line. The first model of these creations, with more to follow later this year, is named "Turbine Rainbow" and is a limited edition of 50 pieces. "Turbine Rainbow" features a high-tech case with a stainless steel bezel and case back with matte black PVD coating and a central body made of polycarbonate and carbon fibre. |
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Land Rover Classic unveils exclusive Elliot Brown Watch
Land Rover Classic has continued its partnership with Elliot Brown Watches - official timekeeper of the Land Rover Trophy competition – with the release of 1,000 new Trophy Expedition timepieces. The watch is inspired by the New Classic Defender Works V8 Trophy II, which pays homage to seven decades of global Land Rover exploration and adventure. Based on Elliot Brown’s best-selling Holton Professional model, each of the 1,000 exclusive timepieces share a number of features influenced by the iconic 4x4, such as its unique camouflage design and glowing silhouettes of Land Rovers throughout its expedition history. It is available in addition to the unique Competitor’s Edition timepiece reserved exclusively for customers of the vehicle. |
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Exhibitions & Events
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Vicenzaoro September: previews of the IEG show, leader in Europe for jewellery trends
New products, the première of the new Trendbook 2024+, the industry's commitment to sustainability and training, the state of the art of the market. Gold and jewellery will return to their European show from 9th to 13th September: Vicenzaoro September - The Jewellery Boutique Show (VOS), at Vicenza Expo Centre together with the third edition of VO Vintage (9th-11th September). The number of exhibitors at Italian Exhibition Group's international show will be close to pre-Covid levels with India and the Far East, Hong Kong, China and Thailand, also returning to the event and better represented than in March, albeit limited by ongoing restrictions. Business matching will therefore resume on these markets for buyers arriving from all over the world, involved in the incoming programme organised with the support of the Ministry of Foreign Affairs and International Cooperation and ITA, the Italian Trade Agency. |
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