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Richemont’s trading in the three month period ended 31 December 2019 at constant exchange rates versus the prior year period; Concern grows over impact of China virus; Richard Mille opens new boutique
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Market News
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Richemont’s trading in the three month period ended 31 December 2019 at constant exchange rates versus the prior year period
During the quarter under review, sales progressed by 4%, with growth in all regions except Japan according to Richemont report. Sales in Europe grew by 9%, benefiting from favourable comparative numbers and strong sales in most markets. Sales in Asia Pacific increased by 2%, driven by strong double digit sales growth in China and Korea, which more than offset a severe sales contraction in Hong Kong SAR, China and contrasted performances in other Asian markets. Sales in the Americas rose by 5%, led by good performances in the US that compensated for declines in other markets. The 3% sales increase in the Middle East and Africa reflected a good performance of retail (both online and offline) and favourable comparative numbers in a soft economic environment. |
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Concern grows over impact of China virus
At the beginning of a new year should the Swiss watch exports express their concern over the escalating impact of the China virus? Chinese travel plans over the current Chinese New Year period is put on hold till further notice. Hence, this will certainly impact the luxury travel market as it should witness a drastic drop in sales. Another serious concern to the Swiss watch industry at large. |
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Company News
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Richard Mille opens new boutique in Salhia Complex, Kuwait City
Richard Milles has recently announced the official opening of its new boutique at the Salhia Complex, one of Kuwait's most iconic premium shopping malls that first opened its doors in 1978. The new 74 square meter boutique, operated in partnership with Ali Bin Ali, is the latest addition to Richard Mille's network of retail locations as part of regional expansion strategy and growth of the brand since its inception in 2001. Located on the Ground Floor, the new Salhia Complex space includes several of Richard Mille's emblematic boutique features such as Wenge wood parquet floor, black leather walls and engraved glass panels that provide the perfect backdrop to showcase the brand's finest horological creations. |
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Vacheron Constantin “Les Collectionneurs” at The Dubai Mall until end of February 2020
Chosen with patience and talent by the Maison’s heritage department specialists, vintage watches covering the entire 20th century are now part of the aptly named “Les Collectionneurs” collection. Ten vintage timepieces, all impeccably restored to pristine condition, are currently in Dubai, chosen as one of the few cities to showcase “Les Collectionneurs” around the world this year. The selection will be available for sale at The Dubai Mall Vacheron Constantin boutique from 13th of January until the end of February. “Les Collectionneurs” models all come with a certificate of authenticity and a two-year guarantee – an offer unmatched in the watchmaking world. |
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Jean-Marie Schaller and Louis Moinet honoured for their watchmaking creativity
The amazing Salon Exceptional Watches (SEW) in Prague brought together 44 leading watchmaking brands. A single prestigious distinction, the HOROLOGICAL CREATIVITY CONTRIBUTION PRIZE, was awarded for the very first time – and Jean-Marie Schaller was proud to be its very first recipient. In addition, the German Design Award is a prestigious international distinction awarded by the German Design Council. First launched in 2012, it has become one of the most renowned design competitions in the world, with an excellent reputation extending well beyond specialist circles. Thanks to MEMORIS TITANIUM, for the second year running, Louis Moinet has also won a German Design Awards first prize in the “Excellent Product Design – Luxury Goods” category. |
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Shree Ramkrishna Exports Pvt. Ltd. (SRK) introducing an innovative design for Diamond Packets to enhance security
Shree Ramkrishna Exports Pvt. Ltd. (SRK), one of the largest diamond crafting company in the industry is introducing an innovative design for Diamond Packets. Designed for better security, this newly designed packet is re-defining the traditional norms of the industry. The idea of the packet has been conceptualized by in-house team of SRK. These packets are extremely durable, and the best paper quality used will ensure its longevity. The first of its kind in the diamond industry, the new diamond packets are 100% Reusable with its unique Sticker prints which users can easily peel-off. With this, the user can now have his own details printing or written on the stone, the way he/she wants. The most important feature of this New Diamond Packet is its Window of Hope; the new packets have a Transparent Peep-in window which will give surety to the Diamond owner about the physical presence of the diamond in the Packet without unfolding the full packet. This not only will ensure better enhanced security to the stone, but also will improve the efficiency in the time required to handle them, as they need to unfold it less to view the stones. The introduction of this innovation from SRK comes shortly after the company that polishes one of the largest inventories of 3Cts. and 5Cts. plus, Natural Diamonds launched their Traceability initiative “The Footprints” last year which is certified by British Standard Institute with PAS 7000 certificate. |
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Product Launch
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Boucheron presents new High Jewellery pieces
Under the expert eye of Claire Choisne, eight new Question Mark necklaces are added to Boucheron's Signature High Jewelry collection. The Question Mark necklace first appeared in the Parisian High Jewelry history at Boucheron in 1879. Here it is again, brought to light by its Creative Director, who wanted to put a personal take on this timeless icon to establish it as one of the Maison's recognised and unmistakable signature creations. The original necklace combines simplicity with opulence: the simplicity of the clean lines of the circular part that wraps around the neck, the opulence of a main motif, consisting of lotus flowers, bunches of grapes, poppy petals, and even a snake. |
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Chopard Exceptional Gemstones
Known for its creative genius, Chopard Haute Joaillerie combines expertise with a true talent for revealing exceptional stones. On the occasion of the Paris Couture Week, the jeweller with an embassy on the Place Vendôme presents the latest treasures resulting from its quest for perfection: an unprecedented assortment of precious stones whose exceptional purity caught the keen eye of Caroline Scheufele, the creative soul of the Maison. This is the first time that Chopard has exhibited this many gems of such outstanding quality. |
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Audemars Piguet launches a new dedicated Royal Oak Perpetual Calendar for China
Audemars Piguet has unveiled for the first time ever a Royal Oak Perpetual Calendar limited edition in full titanium exclusively crafted for the Chinese market. This limited edition of 88 pieces celebrates the Manufacture’s enduring history with China. For this limited edition, Audemars Piguet has chosen a dedicated complication embodying the Manufacture’s DNA. This perpetual calendar model features an ultra-light titanium case and bracelet hand-finished with an alternation of satin-brushed and polished surfaces. The slate grey “Grande Tapisserie” dial provides a delicate contrast with the black subdials and inner bezel as well as the white hour-markers. |
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Manufacture Royale introduces new Micromegas Automatic Tourbillon Micro Rotor
Manufacture Royale introduced a new Micromegas Automatic Tourbillon Micro Rotor where the aesthetic approach conveys the development of components at the heart of the movement. On a titanium or rose gold case, the dial is light, represented only by an open worked component, thus allowing a beading to express itself on the plate which is not, without reminding us, a “bouchonné” dashboard of a car. The hands are hand-decorated and have two sides, one satin and the other polished. The center of the hands is sandblasted with a super Luminova. Each screw is angled and polished and locked. The ingenious mechanism of the flying tourbillon offers a good view of the hypnotic ballet of this mobile cage. |
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Louis Vuitton’s new Tambour Moon Dual Time Collection
The Tambour Moon, created in 2017, retained the original spirit while giving the watch a new, expressive look with an inward curve on the case reminiscent of a crescent moon. Thanks to the design of its dial and the endless customisation possibilities offered by the palette of over 100 interchangeable straps, the Tambour Moon expresses the spirit of travel with its GMT complication as well as demonstrating Louis Vuitton’s fine craftsmanship and creativity. Whatever the version – 35 mm, 39.5 mm or 44 mm in diameter – travel and escapism beckon with this Tambour Moon Dual Time. And while the hands display local time, the home time is perfectly readable on the pleasingly attractive sunray-brushed or shot-blasted dial. |
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Emile Chouriet launches Lac Léman Classic Chronometer
Named after the lake that is emblematic of Geneva and shared between Switzerland and neighboring France, the Lac Léman collection pays tribute to the brand’s founder Emile Chouriet, who left France for Switzerland during the early years of Swiss watchmaking in the 17th century. The newest reference in the line, the Lac Léman Classic Chronometer is a piece that combines timeless elegance with unrelenting precision in a style that is unmistakably Emile Chouriet. The polished 40mm steel case features Emile Chouriet’s signature stepped wing-shaped lugs, a touch of whimsical elegance on this modern classic. |
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Celebrity News
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Celebrities wears Akillis Jewellery
Bella Hadid attended the Art of Elysium Gala wearing Akillis in Los Angeles. She shone in the Bang Bang Ring in white gold with full white diamond pave. Joey King and Kaitlyn Dever attended the 26th Screen Actors Guild Awards (SAG) in Los Angeles. King sparkled in the Python Ring in white gold with full white diamond pave and Dever shone in the Python Pendant Necklace in white gold with full white diamond pave. |
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Cindy Bruna in Messika at the Sidaction Gala Dinner 2020
French model Cindy Bruna attended the Sidaction Gala Dinner. She was a vision of beauty, wearing Messika jewelries. For this occasion, she wore the Desert Bloom River necklace and the Desert Bloom High Jewelry earrings, from the Born To Be Wild collection. |
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