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Swiss watchmaking in May 2017 witnessed strong growth; Luxury Market expected to grow in 2017; Chopard celebrates the Month of Ramadan in Kuwait
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Market News
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Swiss watchmaking in May 2017 witnessed strong growth.
According to the recent figures released by Federation of the Swiss Watch Industry FH. The Swiss watch exports rose strongly in May, They were worth 1.7 billion francs, 9.0% more than in May 2016. This was the second positive month after March, confirming the recovery which has been under way since the start of the year. Several important markets posted very strong growth. Hong Kong (+18.1%) and China (+34.4%) led the Asian continent while the situation in Japan (-3.2%) continued to deteriorate. Alternating between highs and lows, the United States (-1.1%) also declined slightly in May, maintaining the negative trend that has affected the country for more than one year. In Europe, the four leading markets, i.e. Italy (+26.7%), the United Kingdom (+12.9%), France (+9.5%) and Germany (+3.7%) all reported growth.
In the MENA Region most markets reported positive growth with the exception of UAE -10.7%, Qatar -15.9%. While Saudi Arabia and Kuwait reported an increase of 8.8% and 2.6% respectively.
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Luxury Market expected to grow in 2017.
According to a recent study by Bain & Co., the luxury market is expected to grow again in 2017. Luxury goods sales dropped modestly in 2016—from €251 billion (about $280 billion) in 2015 to €249 billion last year—but the first quarter of 2017 is already promising. Bain reports a 4% growth for the first quarter of this year, with a projected 2-4% growth for the year—or €254 billion to €259 billion ($284 billion to $289 billion). The luxury market is expected to grow again in 2017. |
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Company News
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Chopard celebrates the Month of Ramadan in Kuwait.
Chopard along with partner Trafalgar invited their guests to share the joy of Ramadan during the annual Ghabga gathering held this year at Dar Hamad. |
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de GRISOGONO opens new boutique in Capri.
de GRISOGONO recently opens a new jewellery boutique in the heart of Capri, offering a large selection of jewellery and timepieces collections. |
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Officine Panerai at the 18th Argentario Sailing Week.
On June 18, the yachts Moonbeam of Fife (1903, Big Boats), Linnet (1905, Vintage Yachts), Ganbare (1973, Classic Yachts) and Raindrop (2014, Spirit of Tradition) emerged as winners of the Panerai watches at the 18th Argentario Sailing Week hosted by Porto Santo Stefano in Tuscany. |
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Product Launch
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Graham presents Chronofighter Vintage Nose Art Ltd.
The Chronofighter Vintage Nose Art Ltd is pin-up Nina is integrated into the dial design with the bodies spanning the small seconds display and the legs gracing the 30-minute chronograph register. Blue sunbrushed dial with painted pin-up girl, White Super-LumiNova hands, numerals and indexes, White varnish chrono hand with red tip. Hand-sewn blue calf leather strap with steel pin buckle. |
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TAG Heuer presents Carrera Skipper limited edition for HODINKEE.
TAG Heuer is thrilled to announce the limited edition release of the Heuer Carrera Skipper, co-designed and sold with HODINKEE. Each piece has the limited edition number noted on the ring of the sapphire caseback. The watch will be offered with three complementary straps including one TAG Heuer blue leather strap with Heuer-signed deployant clasp, one grey NATO strap and one orange NATO strap. |
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Van Cleef & Arpels presents Ruban Secret watches.
The two new Ruban Secret Watch in white gold and pink gold is crowned with a glittering bow which opens to show the dial. While one, in white gold, is adorned with round diamonds from its dial to the bracelet, the other – in pink gold is embellished with a harmonious gradation of pink sapphires and diamonds. |
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Celebrity News
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Celebrities shines in Chopard at the Ralph & Russo Haute Couture show.
American actress Zendaya wears earrings in white gold set with fancy-cut diamonds, an white gold ring set with 1 heart-shaped diamond and an white gold bracelet set with diamonds and Indian actress Sonam Kapoor wears earrings in white gold set with pear-shaped diamonds, marquise-cut diamonds and brilliants and a white gold ring set with pear-shaped diamonds and brilliants, both from the Red Carpet Collection at the Ralph & Russo Haute Couture Show in Paris. |
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