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Dubai’s economy grows 3.2% in H1 2023; Sotheby’s unveils a unique Patek Philippe Reference 1518; The M.A.D.House opens its doors
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Market News
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Dubai’s economy grows 3.2% in H1 2023
Dubai’s economy witnessed a growth of 3.2 per cent in H1 2023, compared to the same period last year. The economy’s total value has reached Dhs223.8bn, reported Dubai Media Office. The emirate’s positive economic performance was driven by remarkable growth in sectors such as transportation, wholesale and retail trade, financial and insurance, accommodation and food services, real estate, information and communication and manufacturing. These sectors collectively contributed to approximately 93.9 per cent of H1 growth, with the transportation and storage sector leading with 42.8 per cent, followed by trade at 12.9 per cent, and the financial and insurance activities sector at 9.9 per cent, according to figures released by the Dubai Data and Statistics Establishment, one of the entities under the Digital Dubai umbrella. |
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Sotheby’s unveils a unique Patek Philippe Reference 1518
This November, Sotheby’s will offer a unique example of the Patek Philippe 1518 Reference which broke new horological ground when it was first introduced in 1941. The current example is not only extraordinary in its design elements but also in its exceptional provenance, having been commissioned by Hans Clarin Hovind Mustad (1871-1948), one of the fathers of modern car engineering, to Patek Philippe in spring 1944 and delivered to him in November that same year. This Patek Philippe 1518 reference – estimated to achieve in excess of 2 Million CHF ($2 Million) – is one of the star highlights of Sotheby’s Important Watches: Part I auction taking place in Geneva on 5 November. |
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Company News
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The M.A.D.House opens its doors
The universe of MB&F is growing. In the autumn of 2022, while opening the world’s first MB&F LAB in Singapore and preparing for a second LAB in Paris, the MB&F team was also busying itself with a matter slightly closer to home - the new M.A.D.House in Geneva. For years, the MB&F offices had been split over two locations. There was the M.A.D.Gallery on Rue Verdaine in the heart of Geneva’s old town. Then, there was the main workshop address on Boulevard Helvétique,a few minutes away from the M.A.D.Gallery on foot. But both the M.A.D.Gallery and the Boulevard Helvétique offices were getting fuller and fuller. MB&F moved into the M.A.D.House in late 2022, filling the century-old house with activity, creativity and just the right dose of insanity. Six months later in 2023, the brand officially opens its doors to welcome visitors, friends of MB&F and other mad pilgrims. |
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Product Launch
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Presenting Fleurette Collection by Van Cleef & Arpels
Drawing its origin from the creative history of Van Cleef & Arpels, the Fleurette collection motif shines with seven round diamonds that form a delicate corolla. It is now reinventing itself in a new marriage between the soft warmth of rose gold and the brilliance of diamonds. Illuminating the hollow of the neckline, as well as the hand and face, the four new creations adorn the silhouette with a timeless elegance. Composed of seven round stones brought together in a scintillating corolla, this emblematic motif of Van Cleef & Arpels’ jewelry shines in a quartet imbued with elegant simplicity. The stones are set in such a way as to diffuse a luminous halo across the skin, giving the flower a subtle refinement. |
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Buccellati presents the 'Macri Bombé' mini-collection
Buccellati has presented the 'Macri Bombé' mini-collection: a reinterpretation and evolution of this refined design with original lines and a slight curvature of the gold surface, which retains the 'rigato' engraving and the rhythmic presence of brilliant diamonds. The mini-collection is now composed of various bracelets, with band heights of 5mm or 8mm, in various combinations of gold, in the purest Buccellati tradition. We therefore find the yellow or pink gold of the band combined with the white gold of the bezels. The 'Macri Bombé' thus joins the varied proposal of this line, from the 'Macri Classica' with a flat band to the 'Macri' with a slightly curved high band, from the 'Macri Giglio' with openwork floral decorations to the 'Macri AB' with applied geometric elements. |
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The new Lace Key by Damas
Damas has launched a new edition to its iconic Lace Collection with Lace Key. A vibrant and modern collection of dazzling pendants, blending the beauty of Lace with secret symbolism in stunning statement pieces that is brimming with deeper meaning, and reflecting style and grace. The Lace collection was inspired by the beauty of the region’s architecture, alongside the many patterns which were traditionally translated into delicate lace. Each motif within the collection combines the rich hues of yellow and white gold, to bring each design to life, embellished with a layer of 18 karat gold lace designs and diamond detailing to make every woman feel feminine, elegant, and strong. |
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Giorgio Armani Fine Jewellery expands with a new series
The Giorgio Armani Fine Jewellery collection expands with the new Gioia family, distinguished by its understated and feminine design. Enhanced by the gentle greige tones of moonstone and illuminated by diamonds and Armani nuance gold. A small, artfully designed flower composed of four spherical elements with a square diamond at its center serves as the signature motif, embellishing the necklace, bracelet, earrings, and ring. An exclusive gold parure, painstakingly handcrafted by master goldsmiths, radiates an enduring sense of timeless elegance. The new Gioia pieces, which join the existing Fine Jewellery families, will be available from September in Giorgio Armani boutiques in major cities around the world. |
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Gerald Charles introduces Maestro 2.0 Ultra-Thin and Maestro 3.0 Chronograph
Maison Gerald Charles has launched two new watches: the Maestro 2.0 Ultra-Thin, Ref. GC2.0-RG-05, and the Maestro 3.0 Chronograph, Ref. GC3.0-RG-05, both in 18K Rose Gold 4N with a Chocolate Brown vulcanised rubber strap. While the classic colours of watchmaking are most often found in shades of black, white, grey, beige and blue, Gerald Charles introduces chocolate brown into the Core Collection, the colour of tradition, serenity, stability and timeless classic elegance. As autumn comes, the Maison introduces a new colour for the already existing Maestro 2.0 Ultra-Thin and Maestro 3.0 Chronograph. Carrying the elegance and sophistication of the earlier editions Gerald Charles timepieces in Rose Gold and Royal Blue, these new additions feature a unique shade of dark brown, which perfectly suits the seasonal change. |
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Presenting the Vanguard Oltremare Limited Edition by Franck Muller
Franck Muller has presented the Vanguard Oltremare, an exclusive limited edition that pays tribute to the Mediterranean Sea. Meticulously crafted with precision and finesse, the Vanguard Oltremare is a perfect balance between elegance and functionality. Its captivating blue dial, skillfully designed to reflect the mesmerizing hues of the Mediterranean Sea, is a visual feast for admirers of watchhmaking and natural beauty. The Vanguard Oltremare features hours, minutes, and seconds counter at 6 o’clock enhancing its practicality while maintaining its aesthetic appeal. This harmonious fusion of form and function makes it an ideal companion for those who appreciate both style and sobriety. |
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Louis Vuitton and Rexhep Rexhepi launches the LVRR-01 Chronographe à Sonnerie
Following the Louis Vuitton Watch Prize for Independent Creatives announced in early 2023, Louis Vuitton is embarking on a series of collaborative timepieces with renowned independent watchmakers, with the inaugural project being the LVRR-01 Chronographe à Sonnerie born from the collaboration between Atelier Akrivia and Louis Vuitton. Embodying the essence of both Maisons, the LVRR-01 is a double-faced chronograph with a chiming complication – true statement in the watch industry – powered by a completely new tourbillon movement developed from the ground up by Atelier Akrivia and its founder Rexhep Rexhepi in a redesigned Louis Vuitton Tambour case. The fundamental concept of the LVRR-01 is encapsulated in the emblem on the sapphire dial. |
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Eberhard & Co. presents Scientigraf Chrono
The watch is a chronograph version of the famous anti-magnetic Scientigraf model launched in 1961, whose technical and aesthetic characteristics are enhanced by the presence of two counters. From an aesthetic point of view, the Scientigraf Chrono retains its retro appeal: on the black dial, the two counters stand out (decorated with a refined azuré finish) and the triangle element, which appears in many details (such as the hour markers, proposed in ivory or orange, or the tips of the hour and counter hands). The 41 mm steel case, which contains the Faraday cage, alternates between polished and satin-brushed finishes, while the screw-locked case-back bears the original design of the model launched in 1961, with the logo and inscription recalling the anti-magnetic tests carried out at the time in the dedicated facility in La Chaux-de-Fonds. |
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