Swiss watch exports rose by 9.3% in October 2017 with massive increase across the Middle East, Movado Group’s Q3 sales up by 6%, Cartier celebrates Dubai with a magical evening by the Canal.

   
 
 

Market News

 

Swiss watch exports rose by 9.3% in October 2017 with massive increase across the Middle East.

Swiss watch exports continued to profit from the recovery of some key markets and benefited from a very favourable base effect in October. 

Swiss watches exports leaped 9.3% in October, growing for the sixth consecutive month and recorded above the CHF1.8 billion mark (€1.5 billion). Over ten months, the branch confirmed its improvement with growth of 2.4%.

UAE, Kuwait and Bahrain increased by 13.3 %, 83.4% and 53.6% respectively. While, exports to Saudi Arabia was down by 5.4% as well as Qatar decreased by 28.3 percent. Overall growth in Europe stood at 5.9%.
 

Movado Group’s Q3 sales up by 6%.

Movado Group said net sales were up in the company’s third quarter ended Oct. 31 despite continued struggles in the U.S. The company said sales increased 6 percent to $190.7 million during the period, compared with $179.8 million in the third quarter last year. Operating income was $25.2 million, compared to $31.1 million in the same period last year, while operating expenses increased $11.4 million to $78.9 million. Gross profit was $104.1 million. CEO Efraim Grinberg said that despite a challenging U.S. market, international sales growth led its performance, noting particular strength in Europe, Latin America, China and the Middle East.
 

Cartier celebrates Dubai with a magical evening by the Canal.

The Cartier Maison held a glamorous evening in the visionary and metropolitan Dubai. The glittering skyline of one the world's most exciting places was lit in red and offered the perfect setting for the grand Cartier Party DXB. The event was held by the waters of the Dubai Canal, with the canal bridge shining bright in the background, the magical evening hosted royalty, VIPs, local and international celebrities. 
 

Tiffany & Co. unveils its magical holiday windows at Dubai Mall.

Tiffany & Co. reveals its magical holiday windows this week, officially heralding the season of gift giving. Every year, friends of Tiffany gather at The Dubai Mall boutique to celebrate this special time. This season’s Tiffany holiday experience enjoys a new level of delight with an interactive LED animation on the façade of the boutique that enables customers to literally join in the celebrations.
 
 

Company News

 

Tag Heuer showcased its strong motor-racing heritage at the Dubai International Motor Show.

TAG Heuer during this year’s Dubai International Motor Show, showcased its motor racing heritage at Dubai World Trade Centre which was held from November 14 to 18 . TAG Heuer’s booth, was situated in the Watch Lounge organised by media partner MPP Middle East and showcased the automotive DNA that is intricately intertwined with the brand, and into each motor-racing inspired timepiece. 
 

Moritz Grossmann presents the “Extreme-Dubai” at Dubai Watch Week.

Moritz Grossmann and Ahmed Seddiqi & Sons present an exclusive theme model: the “Extreme-Dubai” at the Dubai Watch Week.

Here, for the first time, Moritz Grossmann artistry stands out with a chic “used look” in a unique configuration: lacking a dial, with an irregularly oxidised steel case, the “Extreme-Dubai”, created in 2017, looks like a vintage timepiece from the 19th century even though it is brand new. 
 

BOVET's Pascal Raffy is honoured at the 2017 Caesar Luxury Summit.

At the 2017 Caesar Luxury Summit in Bucharest, Pascal Raffy, owner of Maison BOVET, was appointed a distinguished member of the “Caesar Honoris – Hall of Fame” in recognition of his work in preserving traditional watchmaking arts for over 15 years.
 

Audemars Piguet Golf Dream Team meets up in Dubai.

Audemars Piguet invited an impressive team of golf ambassadors in Dubai for its second Golf Invitational of the year.  Nine pro golfers joined the Audemars Piguet family at the Els Club to celebrate the end of the season. This unique family reunion gathered 72 Audemars Piguet watch collectors from all around the world, former Ryder Cup Captain Darren Clarke, 2016 Masters Champion Danny Willett, former world number one Lee Westwood, American pro Peter Uihlein, Englishman Andy Sullivan, 12-time European Tour winner Ian Poulter, Austrian player Bernd Wiesberger as well as last week-end’s champion Branden Grace and world number 16 Tyrrell Hatton as special guest. 
 
 

Product Launch

 

Audemars Piguet present its new line of Millenary timepieces.

Audemars Piguet introduces its new line of Millenary timepieces, which were unveiled during the Dubai Watch Week. The Millenary line is also enriched by a new version featuring an opal dial, introducing this fine stone for the first time on a Millenary timepiece. For this new Millenary, the bezel, the inner bezel, the top of the lugs and the case’s sides at 9 and 3 o’clock have been frosted. 
 

Franck Muller presents The Vanguard Camouflage Collection.

The Camouflage collection is the perfect timepiece for the modern adventurer, specially designed by Franck Muller to provide its owner a discreet yet distinctive look while he or she is exploring the desert, the forest or the oceans. 
 

A.Lange & Söhne presents the new 1815 ANNUAL CALENDAR.

A.Lange & Söhne exclusive insights into the movement assembly procedure of the 1815 ANNUAL CALENDAR. A patented coating process produces the deep-blue hue of the lunar disc, which is crafted from white or pink gold to match the case metal. The material of which it is made untreated German silver, an alloy of copper, zinc, nickel and other constituents is particularly sensitive. 
 

Ulysse Nardin introduces Classico Dog.

Ulysse Nardin presents the “Year of the Dog” timepiece to the Classico Collection. A limited edition of 88 pieces in 18-karat rose gold, it is powered by the self-winding UN-815 movement. It boasts a 42-hour power reserve. Set in a 40-mm case, the unique Grand Feu Champlevé enamel timepiece is water-resistant to 50 m and held in place with an alligator strap.
 
 

Exhibitions & Events

 

Boucheron to exhibit at the Monnaie de Paris.

Boucheron is celebrating its 160th anniversary next year at the Paris Mint. The Place Vendôme jeweler will set up a temporary see-through tent mounted on a steel frame at the back of the Monnaie de Paris building. “Vendôrama,” set to run from Jan. 12 to Jan. 28, will take visitors on an immersive and interactive journey from the creation of a jewelry piece to its presentation. 
 
 
 
 

Be constantly updated on the latest Watch & Jewellery Business markets of the Middle East, as well as information on competitors, promotions, product trends, industry analyses, appointments, new product introductions & developments and market research.

Our weekly 'Arabian Watches & Jewellery Business Newsletter Broadcast' is distributed to over 22,000+ industry executives, Watch & Jewellery manufacturers and distributors, retailers, investors and media consultants globally.

Unsubscribe / Submission of News / Open Forum / Obtaining our news distribution / Confidentiality Important Copyright Notice / Disclaimer

Developed by We Do Web