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UAE growth to surpass 6% in 2025; Mouawad celebrates the opening of its first European flagship boutique; Chopard on the finish line of the 1000 Miglia 2024
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Market News
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UAE growth to surpass 6% in 2025
In its latest June 2024 Economic Quarterly Review, the Central Bank of the United Arab Emirates (CBUAE) projects that healthy foreign trade flows will buoy the UAE’s real GDP expansion during 2024 and 2025. “For 2025, growth is expected to increase to 6.2 per cent as trends in the non-hydrocarbon sector are expected to continue, while oil and gas production are forecasted to pick up significantly,” noted the central bank. |
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Mouawad celebrates the opening of its first European flagship boutique
Mouawad welcomed VIP guests to celebrate their first European flagship boutique opening. Situated in the five-star Peninsula Hotel, the new store represents a milestone in the brand’s history spanning more than a century. Anastasia Mouawad, fifth generation co-guardian of Mouawad, greeted guests, and shared her delight in marking the brand’s London debut. The Mouawad 1001 Nights Diamond Purse made its first appearance in London. Priced at US $3.8 million, the handbag was named the most valuable in the world by the Guinness World Records. The heart-shaped purse, handcrafted from 18-karat gold, incorporates 4,517 diamonds (105 yellow, 56 pink, and 4,356 colorless diamonds) with a total weight of 381.92 carat. Guests attending the elegant evening enjoyed music from a live violinist and a DJ set from Fiona Jane.
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Company News
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Chopard on the finish line of the 1000 Miglia 2024
The 2200-kilometer tour de force of the 1000 Miglia 2024 concluded in Brescia on June 15th. The 421 competing crews, with their vintage gems built between 1927 and 1957, followed the classic route from Brescia to Rome and back in an anti-clockwise direction, mirroring the heroes of the first editions of the 1000 Miglia. The leg finishes included Turin (for the first time in its history), Viareggio, Rome, and San Lazzaro di Savena, before returning to Brescia with the final parade along Viale Venezia. For the 37th consecutive year, Chopard has proudly served as the official timekeeper and global sponsor of the legendary 1000 Miglia, maintaining one of the longest-standing relationships in history between a watchmaker and a motoring event. The new Mille Miglia timepieces, unveiled in Brescia at the race’s start, were the perfect companions for this year’s event. |
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HYT Watches appoints new CEO
HYT Watches has announced the promotion of Vahé VARTZBED, who joined the Neuchâtel brand at the end of August 2023, to the role of CEO, from 1st July 2024. Bolstered by his extensive prior experience and the time spent in his role over the past year, Vahé's goal is to continue to develop the brand's strategy and ambitions as it moves towards new chapters in its history, the first of which – the T1 Series – was unveiled in April 2024.
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Introducing AMIE Dubai
Announcing the arrival of AMIE Dubai, a new contemporary jewellery brand where fashion meets friendship, capturing Dubai's sun-soaked beach vibes mixed with city chic and contemporary glam. Launching exclusively in Dubai this summer, AMIE Dubai is the brainchild of three global female entrepreneurs who represent the diversity of cultures living in Dubai and share a passion for jewellery. Translated from the French word for girlfriend, AMIE celebrates the essence of friendship and the brand's signature values of femininity, empowerment, and support. Based on the philosophy of ''affordable versatility,'' the AMIE Dubai brand is young, elegant, and cultured, offering women a collection of jewellery and accessories with a mix that can be layered together to create unique looks of an ‘independently together’ spirit. |
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Product Launch
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Introducing Jacob & Co. Bugatti Tourbillon
Jacob & Co. and Bugatti have once again joined forces to bring forth a new extraordinary timepiece, the counterpart to Bugatti’s new hyper sports car by the same name, Tourbillon. Seamlessly integrating aesthetics, mechanics and functionality, the Jacob & Co. Bugatti Tourbillon creates a never before seen resemblance between a timepiece and automobile. Both experts at their craft, the two-world renowned brands have repeatedly broken barriers through their meticulous cutting-edge design and innovation. Embodying design integration rather than mere inspiration, Jacob & Co. and Bugatti designed a timepiece that reimagines the achievements, complexity and appearance of Bugatti’s latest hyper sports car. This remarkable timepiece features a V16 engine block automation, a 30-second flying tourbillon, and a twin power reserve. |
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Discover the Double Tourbillon White Gold amber edition by Arnold & Son
A new material has joined Arnold & Son’s creative repertoire. A first in watchmaking, Baltic amber or ‘tiger’ amber further enhances the collection of extraordinary dials created by the house. The rich, moiré yellow of this exceptionally rare material surrounds the two iconic tourbillons in the eponymous collection. The amber brings softness and texture to the grey gold of the case and skeletonised bridges and the pure white of the opal hour dials, as well as an array of different and unique reflections, in the image of this exceptional and vibrant one-off edition. Double Tourbillon White Gold draws on the rich appearance of the stones that Arnold & Son explores with method and originality. After imperial jade, malachite and aventurine, the brand has now adopted amber. |
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Presenting RM 65-01 Automatic Split-Seconds Chronograph Dark Yellow and Pastel Blue Quartz TPT®
At Richard Mille, it’s also matter of fusion. As with a case and its calibre. Some 600 parts which, once assembled, constitute the most complex of all the brand’s automatic movements: the calibre RMAC4, which supplies the RM 65-01 Split-Seconds Chronograph with its formidably precise chronometric information. And, right in time for summer, the existing RM 65-01 collection (red gold and Carbon TPT®, titanium, Carbon TPT®, grey Quartz TPT®) is enriched with more vivid shades. Richard Mille continues to exhibit its disruptive personality with two new versions. These evoke, respectively, azure skies and the fiery celestial orb. The first, possessing a case crafted of pastel blue Quartz TPT® will join the collection. The latter, issued in a limited edition of 120 watches, features a dark yellow Quartz TPT® whose brightness warms the pageantry of gears visible through its skeletonised dial. |
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De Bethune unveils the DB Eight in two new colors at the SIAR Summer Experience
De Bethune has introduced the DB Eight in two captivating new colors at the SIAR Summer Event in Mexico. A royal blue dial in a polished white gold case as well as a chocolate-colored dial in a polished yellow gold case. The DB Eight was born from a quest for elegance and a subtly balanced pure design. Discover the precision of the instantaneous minute counter, placed at 6 o'clock, a technical feat for a single-pusher caliber with a 60-minute counter. A traditional caliber that envelops the know-how and knowledge of the Manufacture. |
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CODE41 launches UNIFY
CODE41 created UNIFY, a collection with a timeless design that embodies strong ideals such as tolerance, equality and diversity. For its first collaboration as part of the UNIFY project, CODE41 is crusading for equity alongside Sharoz Makarechi, an Iranian-American creative entrepreneur, artist and activist. With its 38mm diameter suited to all wrists, two types of movement (mechanical or quartz) and a wide range of colors, UNIFY transcends the barriers of gender, age and origin to celebrate diversity in every form. Apart from the special edition, the UNIFY collection is available in three permanent models, including the inspiring Equity Flag variant. The Equity Flag is the result of the initiative of Sharoz Makarechi. With its spectrum of skin tones, it represents a powerful symbol of unity and inclusivity, fundamental values which are at the heart of UNIFY. |
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HAUTLENCE launches RETROVISION ‘47
HAUTLENCE has launched the RETROVISION ‘47, a limited-edition series based on the captivating and truly singular RETROVISION ‘47. Originally conceived as a talking piece for Watches and Wonders, this watch turned heads and stole hearts, mesmerizing the press, retailers, and collectors alike. The distinct rectangular HAUTLENCE case with rounded edges is modeled after television sets of the past. Like its content was always intended to be animated and intriguing, the television case is a perfect fit for the brand’s quirky, kinetic take on mechanical watchmaking. Handcrafted in a hand-painted titanium case with a cuboidal form featuring soft, rounded corners, the HAUTLENCE RETROVISION ’47 mimics the look of the marbled green and white Bakelite of the historical broadcast receiver’s case. Almost a miniaturized version of the radio converted into a wristwatch, it features titanium attachments that serve as lugs in the form of carrying handles, with the crown at 6 o’clock to maintain the case’s symmetry. |
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Exhibitions & Events
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IEG: Vicenzaoro September 2024 sold out again and looking to the future
Vicenzaoro September 2024 is sold out again. The countdown begins for the B2B appointment with Europe’s most important business hub for the gold, jewellery and watchmaking supply chain, a global showcase of market news and trends, organized by Italian Exhibition Group (IEG). At the fully booked Vicenza exhibition center, approximately 1200 exhibiting brands will present new jewellery creations and innovations spanning the entire goldsmithing supply chain, from high jewellery collections to gold manufacturing, wristwatches, semi-finished products, components, gems and precious stones, packaging, services and accessories. The offerings will be further completed with ready-to-sell products, hosted at Palakiss. The event will also feature the world premiere of the new edition of Trendbook 2026+ by Trendvision Jewelry + Forecasting, IEG's independent observatory on contemporary jewellery. |
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India Pavilion showcases premier gems and jewellery at JGA Hong Kong 2024
The Gem & Jewellery Export Promotion Council (GJEPC) has announced India Pavilion participation in the Jewellery & Gems Asia (JGA) Hong Kong, held from June 20-23, 2024, at the Hong Kong Convention and Exhibition Centre. This prestigious event stands as Asia's unmatched mid-year B2B sourcing platform for the gem and jewellery industry. The India Pavilion, organized by GJEPC, featured 12 esteemed exhibitors showcasing a wide array of Indian gem and jewellery products. Spanning an area of 117 sqm, the India Pavilion highlighted the diversity and craftsmanship that define India's gem and jewellery sector. The Pavilion was located in Hall 3FG Diamonds Hall and Hall 3C (Concourse) for gemstones, as well as Hall 1AE for jewellery. |
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Celebrity News
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Naomi Campbell shines in Bvlgari while attending the V&A Summer Party 2024
Top Model Naomi Campbell shines in Bvlgari, while attending V&A Summer Party 2024 Celebrating "NAOMI: In Fashion” in a wonderful stacking of High Jewelry Serpenti necklaces, with Serpenti bracelets and Serpenti Viper rings to complete the look. |
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