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Swiss watches sees top growth in six years; Kering Jewelry lines see strong in first quarter; New Rolex flagship boutique opens in Dubai.
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Market News
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Swiss watches sees top growth in six years.
Swiss timepiece exports upward in March, closing off the industry’s strongest quarter of growth in six years. Exports of steel watches soared 7% to $664.1 million (CHF 652.1 million), while gold and steel timepieces showed moderate growth, increasing 3% to $266.6 million (CHF 261.8 million). Worldwide shipments of Swiss timepieces climbed 5% year on year to $1.73 billion (CHF 1.7 billion) last month, the Federation of the Swiss Watch Industry reports. Globally, lower-priced pieces faltered, with exports of watches worth under $204 (CHF 200) slipping 8% by value in March. Total exports for the first quarter jumped 10%, the highest quarterly growth rate since June 2012, the federation said.
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Kering Jewelry lines see strong in first quarter.
Kering reported buoyant jewelry-and-watch sales in the first quarter, driven by new collections and extensions of certain product lines.
“Watches and jewelry performed very well this quarter,” the company said on Wednesday. “The strengthened positioning of [jewelry brands] Boucheron, Pomellato and Qeelin are paying off, thanks to new collections, extended iconic lines, and investments in communications and store networks”. The luxury retailer also reported a “robust” jewelry performance in the Asia-Pacific region.
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Faberge opens new store in the Dubai Mall
Faberge opens its first mono-brand boutique in the Dubai Mall, in conjunction with Damas Jewellery. Located in Downtown Dubai. The Faberge boutique will feature distinctive design elements and motifs that illustrate the story of Faberge’s illustrious heritage. The Faberge Favourites counter will showcase a playful assortment of signature egg pendants, demonstrating of its long-standing history with exquisite egg objects. |
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Company News
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New Rolex flagship boutique opens in Dubai.
Rolex and Ahmed Seddiqi & Sons have inaugurated a new Rolex Boutique in Dubai. Located in the Fashion Avenue, the latest extension of The Dubai Mall represents the epitome of modern retail luxury. The three-level structure boutique is the world’s largest, covers an unprecedented 850 square meters of retail space, including an area devoted to a total immersion into the world of Rolex. An opening of this magnitude attracted the legendary tennis player and Rolex ambassador Roger Federer who was present along with Rolex CEO Jean-Frederic Dufour. |
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TAG Heuer "Don't Crack Under Pressure" campaign.
Cara Delevingne puts her distinctive spin on the TAG Heuer "Don't Crack Under Pressure" campaign, shot by David Yarrow. It shows Cara, full of confidence, her gaze piercing, with her back against a lion. |
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Audemars Piguet Golf Dream Team in Orlando.
Audemars Piguet invited an impressive roaster of 16 ambassadors and special guests to Orlando for its first 2018 Golf Invitational. 64 watch collectors from around the world enjoyed an unforgettable experience at Lake Nona Golf and Country Club. |
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Messika opens first UAE boutique in the Dubai Mall.
Messika Paris announces the opening of its first boutique in Dubai. Located on the first floor of The Dubai Mall as part of Fashion Avenue. |
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Product Launch
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Chopard L.U.C XPS 1860 Red Carpet Edition.
Chopard presents a new Haute Horlogerie L.U.C watch model specially dedicated to the red carpet. The new L.U.C XPS 1860 Red Carpet Edition in 18-carat white gold. Its slim 40 mm-diameter 18-carat white gold case frames a red dial, of which the hand-guilloché centre with its radiating motif reflects the expertise cultivated by Chopard. Hand-sewn matt black alligator leather strap. |
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Laurent Ferrier introduces Galet Minute Repeater School Piece.
The School Piece is once again in the spotlight with this new calibre. For the Minute Repeater, Laurent Ferrier entirely adapted the 40mm School Piece case to ensure perfect harmony and balance between the movement and the timepiece. The striking mechanism is activated by a sliding bolt built into the left side of the case-middle. The gold Assegai hands and baton-type seconds hand retain their characteristic shape. Laurent Ferrier has treated the Minute Repeater dial with a 6N red gold colour, featuring copper glints. |
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Chaumet’s Liens Séduction jewellery collection.
A ribbon of diamonds that unrolls and is tied with the lightest touch, Liens Séduction enriches the collection with a new chapter to reveal a different facet of emotions. Set with diamonds, in rose or white gold, the sixteen Fine Jewellery pieces - slender and wide rings, bracelets, hoop earrings, ear studs and pendants – evoke a world of carefree and joyful seduction. Let yourself be surprised by their whimsical, graceful femininity! |
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Exhibitions & Events
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OROAREZZO closes with positive signs of revival in the sector.
OROAREZZO, the Show that promotes the best Made in Italy Gold jewellery production, confirms the sector's optimal trend and closes positively. At the stands in Arezzo Fiere e Congressi, from 5th to 8th May, the Show, the second organized by Italian Exhibition Group S.p.A. (IEG), recorded a significant increase in international buyer attendance and confirmed the excellent number of visitors and exhibitors of the previous edition. The numbers at this edition of OROAREZZO indeed confirm pre-show expectations: 15,000 visitors with a significant +5% increase in foreign traders. Visitors were able to see and admire the high level manufacturing of over 600 brands, mostly Italian, representing all the main Italian gold districts. |
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$1.8 Million for an Omega watch once belonged to Elvis Presley.
A 1960 Omega watch that belonged to Elvis Presley, sold for $1,812,500 at an auction by Phillips, setting a record price for the Swiss watch brand.
The watch gifted to Elvis Presley by RCA Records to celebrate his sale of 75-million records. The watch, made by Omega and retailed by Tiffany & Co., hammered for 1.5-million CHF and with buyer’s premium totaled 1,812,318 CHF, or $1,812,500. It is the highest price ever paid for an Omega watch.
The watch is 18k white gold with a caseback engraved: “To Elvis, 75 Million Records, RCA Victor, 12-25-60. It contains the manual-wound Omega Caliber 510, stamped with the OXG import code for the United States.
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Italian Exhibition Group a participant in UN Global Compact.
Italian Exhibition Group (IEG) has become an official participant in the United Nations Global Compact (UNGC). IEG thus becomes the main Italian trade show company adhering to the UN Global Compact, and just one of three trade show organisers worldwide to have adopted the initiative’s standards. It is worth noting that through CIBJO’s partnership, IEG is participating to the High-Level Political Forum (HLPF) of the UN Economic and Social Council (ECOSOC). |
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Celebrity News
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Bella Hadid shines in BVLGARI during the 71st Annual Cannes Film.
Bella Hadid wears Serpenti watch in white gold case 18kt and dial Mother of pearl with Bracelet White gold 18kt 750 including 2 loops with Quartz and 354 pce Diamonds full setting. Serpenti ring in white gold and High jewellery necklace in white gold with 3 round brilliant cut diamonds and pavé diamonds. |
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Celebrities sparkle in Tiffany & Co.
Margot Robbie donned Tiffany & Co. to this year’s Independent Spirit Awards. The actress, chose Tiffany T hoop earrings, a diamond bracelet and rings for her red carpet look. Greta Gerwig chose a classic white diamond necklace, paired with diamond studs and a diamond ring. Actresses Zoey Deutch in fancy colored diamond hoops and a matching bracelet. Nominee and performer Common wore a Tiffany Key pendant and Tiffany CT60 watch on the red carpet. |
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