Geneva Watch Days 2020; Dubai Police seize replica watches, one billion and 239 million dirhams; LVMH chief eyeing London’s Ritz Hotel

   
 
 

Market News

 

Geneva Watch Days 2020

A decentralized and self-managed Multibrand Watch Event will take place in several Geneva high-end hotels from April 26 to April 29, at the dates initially planned by Watches & Wonders.  The initiative has been unveiled by Jean-Christophe Babin, CEO of Bvlgari, during the RTS (Swiss National Television) TTC broadcast. “Despite the cancellation of the two major Watch Fairs, it will allow retailers and media, primarily from Europe but not only, to discover, comment and order the novelties of the founding Brands, namely Breitling, Bvlgari, Gerald Genta, Girard-Perregaux, MB&F, Ulysse Nardin, De Bethune and Urwerk” commented Jean-Christophe Babin. This initiative will allow retailers and media to meet with these Swiss Watch Brands in a few days in the capital of Swiss Watchmaking rather than attending many roadshows in di?erent European cities currently under organization after the Watches & Wonders and Baselworld cancellations, thus saving a lot of time.

 

Dubai Police seize replica watches, one billion and 239 million dirhams

The Director of the General Department of Criminal Investigations at Dubai Police, Brigadier Jamal Salem Al-Jallaf, announced an operation that resulted in seizing counterfeit Watches worth one billion and 239 million dirhams the approximate value of (US$ 337,602 Millions), which includes a variety of luxurious watches such as Rolex and Cartier. For his part, Colonel Salah Bou Asiba, Director of the Department of Combating Economic Crimes, said that the Watches were hidden in two apartments supervised by two Asian defendants, pointing out that the total seized watches were 29 thousand and 187 pieces.

 

LVMH chief eyeing London’s Ritz Hotel

Luxury goods chief Bernard Arnault is among a pack of potential bidders vying for London’s Ritz Hotel. Europe’s richest man, chairman of LVMH Moet Hennessy Louis Vuitton SE, is among about 13 interested parties that have been allowed to undertake due diligence. The five-star hotel is being sold by the Barclay brothers and could fetch as much as 800 million pounds ($1 billion). Luxury brands have stepped up investments in high-end hotels in recent years, seeking to diversify their interests.

 
 

Company News

 

Akillis launches at DUSOUL by Dhamani

Akillis, the French jewellery brand will join DUSOUL by Dhamani’s growing portfolio of sought-after international and local jewellery brands, offering designs that fit the Dubai fashionista. Based in the fashion capital of the world, Paris, Akillis will now be available at the Mall of the Emirates. The brand, founded by Caroline Gaspard, brings to DUSOUL over a decade of superlative designs powered by outstanding creativity and a bold, contemporary and edgy aesthetic. Akillis is set to complement DUSOUL’s product lineup with its jewellery design codes that feature a uniquely sophisticated approach, combining traditional French jewellery craftsmanship and state-of-the-art technologies in order to produce unique jewellery that is not only free-spirited and playful but also made with exceptional expertise.

 

First milestone of Mouawad Diamond Impact Fund in creating bright futures

Five South African nationals selected by the Mouawad Diamond Impact Fund (MDIF) in collaboration with the South African State Diamond Trader recently completed their training at Mouawad’s Bangkok diamond manufacturing facility. This marks the successful conclusion of the first initiative by MDIF since it was launched in 2019 by 4th and 5th generation Mouawad family members as a new, permanent non-profit, philanthropic initiative. The Mouawad Diamond Impact Fund focuses its activities on the communities, regions and countries from which Mouawad sources its diamonds. Through supporting under privileged community members in these territories, it adds value to the journey of diamonds from rough to jewelry.

 
 

Product Launch

 

CITIZEN introduces the new Super Titanium Model

A new Eco-Drive One is born. Made of Super Titanium, a CITIZEN-exclusive material that is beautiful, scratch resistant, light and gentle on the skin, it contains the world’s thinnest light-powered movement at just 1.00 mm inside a 3.53 mm* case of titanium material. It’s a feat that could only pull off because of all the ins and outs of titanium after years of technological innovation. Use of Duratect a makes for a hypoallergenic version of Super Titanium™ with the highest level of hardness. The 36.5 mm* wide case is comfortable for women as well as men. Three style options are available: cool and distinguished deep blue; opulent black & pink gold; and graceful & light white & pink gold.

 
 
 
 

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