Dubai hosts 15.8million visitors in 2017, UAE’s non-oil foreign trade reaches Dh1.17trillion, Dubai International Airport handles 88.2million passengers in 2017.

   
 
 

Market News

 

Dubai hosts 15.8million visitors in 2017.

A record-breaking number of international travellers flew into Dubai in 2017, further cementing the city’s position as one of the leading tourist capitals in the world, a new report showed.

According to the latest data published by the Department of Tourism and Commerce Marketing (Dubai Tourism), Dubai is nearing its 2020 tourism target as it welcomed a total of 15.79 million visitors last year, up by 6.2 per cent over a year earlier.

South Asia emerged as the number one source of tourists for Dubai, with hordes of Indian visitors, amounting to 2.1 million, arriving in the emirate last year, up by 15 per cent from 12 months earlier. Saudi Arabia was the second-largest contributor of tourists to Dubai at 1.53 million.  The United Kingdom was the third-largest source of tourists, delivering 1.27 million travellers – up by 2 per cent over 2016.
 

UAE’s non-oil foreign trade reaches Dh1.17trillion.

The value of the UAE’s non-oil foreign trade in the first nine months of 2017 reached Dh1.17 trillion, staying almost flat from the Dh1.16 trillion registered in the same period in 2016.
 
According to data from the UAE’s Federal Customs Authority (FCA), imports to the UAE amounted to Dh708.2 billion in the first nine months of the year, with gold accounting for the most imports. Meanwhile, non-oil exports from the UAE reached Dh139.1 billion in the first nine months of 2017, with gold also being the top exported product. Gold exports amounted to Dh41.2 billion, representing 30 per cent of the country’s total non-oil exports.
 

Dubai International Airport handles 88.2million passengers in 2017.

Dubai International Airport is the busiest international airport measured by total passengers for the fourth consecutive year, as it welcomed six new carriers in 2017.

Dubai International served 88.2 million passengers last year, an increase of 5.5 per cent from 2016, Dubai Airports said in a statement. Traffic in 2018 is forecast to grow 2.4 per cent to 90.3 million.

Dubai International has benefited from the expansion of routes from Emirates, the world’s largest operator of wide-body aircraft, and its sister company fly Dubai. 
 
 

Company News

 

Chopard hosts Intimate Dinner to reveal new High Jewellery Creations.

Chopard co-president Caroline Scheufele took the opportunity of the Paris Couture Week to host a wonderful and intimate dinner at the Musée Baccarat in Paris and showcased her latest High Jewellery creations from the Precious Couture Collection, surrounded by actress Isabelle Huppert, and models Sara Sampaio, Petra Necmova and Catrinel Marlon.
 

Audemars Piguet announces new talents joining its Golf Dream Team.

Audemars Piguet adds three exceptional golf players to its powerful Dream Team: Tyrrell Hatton, Patrick Cantlay and Wesley Bryan. Tyrrell, is a very passionate and exciting player from England. Patrick, is former World Number 1 amateur and Wesley constantly demonstrates his incredible creativity on the course. 
 
 

Product Launch

 

Franck Muller celebrates 15 years of Crazy Hours.

Franck Muller’s most iconoclastic complication, the Crazy Hours, marks its 15th anniversary this year, and the renowned independent marque commemorates the milestone with a spectacular collection of exclusive models. The watches’ blue or grey dials with sunburst finish on the 7880 and 8880, are injected with shots of colour: the five-minute markers on the inner flange sport green, red, blue, and black tones, which in turn, are complemented by matching leather straps. 
 

A.Lange & Söhne 1815 Chronograph in Pink Gold.

A.Lange & Söhne is adding two pink-gold models to the successful 1815 CHRONOGRAPH family. Endowed with column-wheel control, a flyback function and a pulsometer scale, they are available with black- or argenté-coloured dials. With the two new versions, watch connoisseurs are spoilt for choice: Featuring a black dial, hands that match the pink-gold case and a black alligator leather strap. 
 

Richard Mille launches RM 53-01 Tourbillon Pablo Mac Donough.

The RM 53-01 is the ‘smashing’ new result of the encounter between Richard Mille and Pablo Mac Donough, one of the world’s best players. Sporty and dynamic, this watch reveals a suspended tourbillon calibre, visible through the unprecedented laminated sapphire glass of its Carbon TPT® case. 
 

Chaumet presents Jeux de Liens.

Exclusively for Valentine’s Day, Jeux de Liens is adorned with lacquer in the colours of love as an ephemeral collection. The new pigments madder red, vibrant orange and tyrian pink spring from a sentimental palette - the vivid shades burst onto bracelets, pendants, ear studs that can be bought individually and a long necklace. 
 
 

Exhibitions & Events

 

Custot Gallery Dubai to present the first artist’s jewelry exhibition in Dubai in March

Custot Gallery Dubai will be presenting the first artist’s jewelry exhibition in Dubai and in the region from 19 March to 2 June 2018. With a range of Bracelets, necklaces, earrings and rings, a selection of unique pieces will be on display created by artists from Europe, America and the Middle East. This extensive show, “Art & Jewelry” will feature precious pieces designed by the artists: From Alexander Calder, Pablo Picasso and Niki de Saint Phalle, through to Anish Kapoor, Marc Quinn, Ron Arad and Pablo Reinoso, many of the greatest artists and designers of the 20th and 21st centuries have turned both their thoughts and talent to jewelry. 
 

Phillips to offer Unique A. Lange & Sohne 1815 ‘Homage to Walter Lange’ in Stainless Steel

The 1815 “Homage to Walter Lange” in stainless steel with black enamel dial is on the auction block. The auction house Phillips in Association with Bacs & Russo will auction off the extraordinary piece at the weekend of 12 and 13 May 2018. The resulting sale price will be donated to the Children Action Foundation.  
 

Christie’s leads Global Art Market 2017 sales total £5.1 Billion ($6.6 Billion)

Christie’s announces total global sales increased 26% in 2017 to £5.1 billion ($6.6 billion, up 21%), led by the record breaking sale of Leonardo da Vinci’s Salvator Mundi, selling for $450.3 million (£342.2 million) in November in New York.  Increased supply at masterpiece level met continued demand as global auction sales increased 38% to £4.6 billion ($5.9 billion, up 33%).  Sales in the Americas increased to £2.5 billion, up 68% ($3.2 billion, up 62%), sales in Asia totalled £582.9 million, up 11% ($754.9 million, up 7%), and sales in Europe and the Middle East totalled £1.5 billion, up 16% ($2 billion, up 11%).
 
 

Celebrity News

 

Angelina Jolie wears the Joséphine & Liens collections by Chaumet.

The American actress Angelina Jolie chose the elegance and the refinement of earrings in platinum, brilliant-cut diamonds, two pear-shaped diamonds and cushion-cut diamonds from the Joséphine collection by Chaumet. For her official visit at the Palais de l’Elysée, she wore the timeless white gold and diamond studs from the Liens collection by Chaumet.
 

Alicia Keys and Camila Cabello shine in Chopard Jewelry to the 2018 Pre-Grammy Party.

American singer Alicia Keys wears an 18ct rose gold pair of earrings featuring heart-shaped colored diamonds and brown diamonds from the “High Jewelry Collection.” Cuban-American singer Camila Cabello wears earrings in 18ct white gold set with pear-shaped diamonds, diamond beads and diamonds from the “High Jewelry Collection” and an 18ct white gold pendant set with diamonds and floating diamonds from the “Happy Diamonds” collection.
 
 
 
 

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