| |
UAE’s non-oil sector drives 3.8% GDP growth in first nine months of 2024
|
|
|
| |
|
Market News
|
UAE’s non-oil sector drives 3.8% GDP growth in first nine months of 2024
The UAE’s real GDP expanded by 3.8% in the first nine months of 2024 compared to the same period in 2023, reaching Dhs1.3 trillion, according to the latest economic data from the Ministry of Economy. This growth was primarily driven by the non-oil sector, which saw a 4.5% increase to Dhs987 billion, highlighting the nation’s ongoing economic diversification efforts. As a result, non-oil activities now contribute 74.6% to real GDP, while the oil sector accounts for 25.4%. The data underscores the rising influence of industries such as trade, tourism, financial services, and technology in shaping the UAE’s economic landscape. |
| |
AUS partners with L’ÉCOLE Middle East to link education and jewelry arts
As part of its ongoing commitment to global outreach and fostering transformative partnerships, American University of Sharjah (AUS) has signed a Memorandum of Understanding (MOU) with L’ÉCOLE Middle East, School of Jewelry Arts supported by Van Cleef & Arpels - a globally renowned institution whose mission is to introduce the public to all aspects of jewelry culture. This strategic partnership aims to bridge academia and the jewelry arts, offering AUS students and faculties a special access to industry expertise and hands-on learning experiences across L’ÉCOLE’s three pillars: the history of jewelry, the world of gemstones and the savoir-faire of jewelry-making techniques. Through this collaboration, AUS students will have the opportunity to attend a variety of L’ÉCOLE Middle East’s specialized courses and gain practical insights by participating in courses, workshops, talks, exhibitions and networking events. |
| |
| |
Company News
|
Jaeger-LeCoultre opens a new boutique in Saudi Arabia
Jaeger-LeCoultre has recently announced the opening of its new boutique at the prestigious Solitaire Mall, Riyadh’s latest luxury and lifestyle shopping destination, marking the Maison’s continued growth in the Middle East. The new boutique evokes the spirit of innovation and watchmaking expertise rooted in the Vallée de Joux in Switzerland – home to the Manufacture Jaeger-LeCoultre. Offering a warm and inviting atmosphere, the boutique welcomes guests into an environment that connects them with the Manufacture. Through a harmonious blend of organic materials and natural colours, the decor seamlessly merges tradition with modernity, evoking the serenity and beauty of Jaeger-LeCoultre’s home in Le Sentier. |
| |
Bvlgari unveils its “Journeys of Ramadan” campaign
Bvlgari, The Magnificent Roman High Jeweler, has unveiled its “Journeys of Ramadan” campaign, honoring the Holy Month’s profound themes of rebirth, reflection, and resilience. This initiative underscores the House’s dedication to celebrating tradition through contemporary expressions of faith and creativity. The campaign features a series of captivating films highlighting the journeys of three exceptional female artists from the Middle East, each embodying a unique connection to Ramadan: Maryam Altajer – The Desert Rose, Hana Almilli – The Saffron Sun and Sara Al Khayyal – The Green Wadi. Throughout the “Journeys of Ramadan” campaign, a unifying visual thread connects the three films - a journey of introspection and transformation, where each artist steps into her world in a literal sense. |
| |
Chaumet Ramadan Campaign 2025: A Personal Journey through Nature, featuring Friend of the Maison Yara Alnamlah
Featuring Saudi entrepreneur and Friend of the Maison Yara Alnamlah, the campaign blends the elegance of Chaumet’s iconic Bee de Chaumet collection with nature's timeless symbolism. Woven through the verses of an Emirati poet, the campaign gently carries viewers on a mystical journey, evoking deep emotions and inspiring a space for reflection, peace, and spiritual connection. As Yara’s path unfolds, Chaumet’s emblematic golden honeycomb cells accompany her steps, symbolizing nature’s intricate work and reflecting her personal transformation during Ramadan. Throughout a journey bathed in light, Yara is adorned in Chaumet’s signature Bee de Chaumet designs, alongside the Middle East exclusive limited-edition Hortensia watch. |
| |
| |
Product Launch
|
Introducing Chopard Insofu Collection
Chopard has unveiled its latest opus of the Insofu Emerald: an extraordinary fusion uniting the forces of nature, the concern for traceable and sustainable luxury, and the Maison’s boundless creativity to give birth to a one-of-a-kind Haute Joaillerie collection that is as mesmerizing as it is rich in significance. For the second time in its history, Chopard has taken the bold step of devising an Haute Joaillerie collection, not from a set of cut and polished gemstones, but instead from a raw stone, full of both promise and uncertainties. Such a scheme is unusual for a jeweller, but to Chopard, it represents a guarantee of traceability, and an opportunity to work in closer collaboration with those at the beginning of the supply chain. |
| |
Franck Muller Introduces the Vanguard™ Slim Night Cut
Designed within the Vanguard™Slim collection, the new Vanguard Slim Night Cut features an ultra-thin automatic movement that is 100% in-house manufactured. This technical feat has enabled a reduction in case size while enhancing the elegant and sporty character of the Vanguard Slim collection. The finesse and refinement of the Vanguard Slim Night Cut give way to the precision and the high-level technical specifications that define Franck Muller timepieces, all while preserving the brand’s signature curves and contours. This special collection is crafted entirely from in-house developed grade 5 titanium, renowned for its exceptional strength, corrosion and erosion resistance, and remarkable lightness. |
| |
Perrelet presents Turbine Titanium Pink Flamingo
The Turbine Pink Flamingo case echoes the aesthetics of the Turbine EVO, the second-generation Turbine launched in 2019. While remaining true to its origins, this new round case has been given a more contemporary design. Crafted in black DLC grade 2 titanium with a matt finish and water-resistant to 10 atm, it features a flat bezel, a prominent crown fluted and flared for easy grip and adorned with the brand's logo. The new geometric lugs perfectly integrate the pink flamingo rubber strap, which fastens with a pin buckle. The case band retains the hallmark vertical grooves that extend almost like a continuous line across the ring that secures the sapphire crystal to the caseback. With a diameter of 41 mm and a thickness of 13.9 mm, the case is comfortable even for smaller wrists.
|
| |
Introducing New V6 Cercolor collection by B.R.M Chronographes
With a design inspired by motorsports, the V6-44-SA Skeleton Cercolor 44 is an exceptional timepiece that blends sportiness with sophistication. Its 44 mm titanium case, enhanced with an orange ceramic treatment and gray checkered pattern, evokes the world of racing and the technical prowess of high-performance cars. The carbon skeleton dial reveals the intricate mechanics within, while the perforated orange hands, coated with Superluminova®, ensure optimal readability in all conditions. |
| |
La Marquise Jewellery unveils Imperia
In celebration of the Holy Month, La Marquise Jewellery introduced Imperia – Radiance Under the Ramadan Sky, an exquisite Ramadan edit inspired by the serenity and beauty of the season. Merging intricate craftsmanship with modern sophistication, this collection is designed for those who seek elegance, refinement and a deep connection to tradition. The Imperia collection showcases an opulent selection of fine jewellery, featuring a vast palette of exquisite gemstones and masterful detailing. Signature tassels, a defining element of the collection, are reimagined with elegant Art Deco patterns, adding a contemporary touch to timeless designs.
|
| |
House of Klara: Artisanal Jewelry with a Sustainable Soul
House of Klara is a Dubai-based fine jewelry atelier, founded by husband-and-wife duo Klara and Michael Seraphim. The brand is a celebration of their Mediterranean heritage and timeless craftsmanship. Drawing inspiration from the textured mountains and cedars of Lebanon to the crystal-clear waters and olive trees of Cyprus, each piece encapsulates the soul of the region, blending ancient artistry with contemporary elegance. Every creation begins with a hand-sketched design by Klara, meticulously crafted using 18-karat recycled gold and ethically sourced gemstones. Honouring traditions, the atelier employs the centuries-old lost-wax casting technique, producing one-of-a-kind treasures. |
| |
| |
Celebrity News
|
Sofia Carson dazzles in Chopard at the 2025 Oscar Parties
Sofia Carson selected diamond earrings in 18k white gold and a ring in 18k white gold featuring a 20-carat cushion shaped diamond and 7.06-carats of diamonds, both from the Garden of Kalahari Collection.
|
| |
| |
|
| |
| |
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 |
| |
| |