Hermes Group sales increase by 18% during 2015; LVMH 1Q Jewellery & Watch revenue rises; Dubai Airport passengers’ numbers hit 6.3m in February

Market News

Hermes Group sales increase by 18% during 2015

The Hermès group recorded sales of 4,841 million Euros, an increase of 18% during its 2015 financial year. The steady improvement in sales registered by the group’s shops is attributable to growth in all geographical areas, despite a mixed environment. Operating profit amounted to 1,541 million an increase of 19%. Hermès has continued with the qualitative development of its distribution channel.

LVMH 1Q Jewellery & Watch revenue rises

LVMH Moët Hennessy Louis Vuitton’s watch and jewellery business group recorded revenue growth of 7 percent in the first quarter. Bulgari’s positive performance was driven by the success of the company’s connected smartwatch. With sales of $884.1 million (EUR 774 million), watches and jewellery was the luxury group’s joint fastest-growing business group by revenue in the first quarter of 2016.

Dubai Airport passengers’ numbers hit 6.3m in February

Dubai International recorded 6.9 per cent increase in passenger numbers in February, according to a statement from operator Dubai Airports. The airport saw 6.3 million passengers in February compared to 5.9 million in the same month a year earlier. Dubai International is the world’s busiest airport for international passengers and home to the rapidly expanding Emirates. Total passenger numbers in the first two months of the year have risen 6.5 per cent to 13.7 million.

Company News

INDIA participates at Vicenzaoro Dubai for the second consecutive year

The Gem & Jewellery Export Promotion Council (GJEPC), organized India Pavilion at this year's Vicenzaoro Dubai (VOD) which was scheduled from April 14 to April 17 at the Dubai World Trade Centre, Dubai. For the first time GJEPCdisplays an India Product Gallery, that is a true revelation of India’sCraftsmanship and Design sensibility.

Chopard at the Abu Dhabi Festival 2016

In collaboration with long lasting partner Al Manara International Jewellery, Chopard showcased some of its exquisite High Jewelry and timepieces at the Abu Dhabi Festival, at the luxurious VIP Lounge of Emirates Palace. Chopard also awarded four branded trophies, specially designed for the Festival, to leading international figures in recognition of their outstanding contributions to culture.

Georg Jensen opens Dubai Flagship as part of Middle East expansion

Georg Jensen, the Danish design house, opens a new store in Dubai’s City Walk 2, in collaboration with AW Rostamani Lifestyle. The store, in this newly unveiled shopping area, will bring iconic Georg Jensen designs and the brand’s heritage of craftsmanship to Dubai’s flourishing design scene.

Vacheron Constantin presents the Métiers d’Art Elégance Sartoriale collection

On the occasion of the European Artist Crafts Days in Paris Vacheron Constantin unveils the Métiers d’Art Elégance Sartoriale collection. Vacheron Constantin partners with the European Artistic Crafts Days (JEMA) for the sixth consecutive year and confirms its vocation for promoting the renown of these rare and sometimes little-known crafts by enabling the public to admire talented exponents of age-old skills.

The 12th edition of the Panerai Classic Yachts Challenge

The 12 th Panerai Classic Yachts Challenge taking place from April 13 to 19 at Caribbean island of Antigua and is the first of 10 rounds making up the international vintage and classic sailing circuit sponsored by the Florentine luxury sports watch brand. The Challenge runs until September and spans the Mediterranean, North America and the Isle of Wight in Great Britain.

Product Launch

Grieb & Benzinger presents Polaris Al Arab Imperial

The Polaris Al Arab Imperial moves with its hand-crafted two-part gold and black dial. The rose gold base dial is beautifully hand-guillochéd, and shines with a white Breguet frosted finish. The Polaris Al Arab Imperial 43mm diameter case is made of white gold and a screwed-in bezel set with black princess cut diamonds. It has a hand-made black alligator strap with golden brown stitching and a white gold buckle.

Faberge launches Lady Libertine I & II

Faberge unveils two extraordinary, unique creations as part of the Faberge Dalliance collection. After visiting Gemfields’ Zambian emerald mine, the founders of Agenhor found inspiration in the natural beauty of the emeralds. With the development of the Faberge Lady Levity’s AGH 6911 movement already under way, Faberge decided to use the unique possibilities of this new watch’s architecture as a showcase for the raw, verdant power of emeralds.

Exhibitions & Events

Jewellery Arabia 2016 show to open in Kuwait

Jewellery Arabia Kuwait 2016, Kuwait’s premier international jewellery and watch exhibition, will be officially inaugurated under the patronage of His Excellency Sheikh Salman Sabah Al-Salem Al-Homoud Al-Sabah, Minister of Information and Minister of State for Youth Affairs in Kuwait at the Jumeirah Messilah Beach Hotel & Spa on Saturday 23 April 2016. The exhibition runs until Tuesday 26 April 2016.

VICENZAORO Dubai confirms as a strategic hub for Global Jewellery

The second edition of VICENZAORO Dubai has confirmed the event's role as a new strategic platform for global jewellery was organised in Dubai between 14 - 17 April 2016, by DV Global Link, a joint venture between Fiera di Vicenza and the Dubai World Trade Centre (DWTC), The jewellery celebration Awards was attended by notables including Mr Matteo Marzotto, President of Fiera di Vicenza, Mr Diego Cortese, VP of Corporate Strategy Dubai World Trade Centre, Mr Corrado Facco, Managing Director of Fiera di Vicenza and Vice- Chairman of DV Global Link, His Excellency the Ambassador of the Italian Embassy in Abu Dhabi, as well as Mr. Praveen Shanker Pandya, Chairman of GJEPC. VOD has been a strategic platform enabling key players in the jewellery trade the opportunity to enter new markets where there is a strong interest in high-end jewellery, and to make new business contacts.

Celebrity News

Sam Heughan wears Piaget at the Season 2 in New York City

Sam Heughan wore the Piaget Altiplano to the premiere of Outlander Season 2 in New York City.

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