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Luxury goods industry bouncing back from pandemic; Panerai and AlMalki Group announced their new partnership in Saudi Arabia; Jacob & Co. becomes the first luxury watch brand to accept cryptocurrency
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Market News
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Luxury goods industry bouncing back from pandemic
According to The Bridge To Luxury (TBTL), the luxury goods industry is increasingly recovering from the pandemic. This can be seen in the international agenda of trade shows, congresses and conferences. Their number has now almost returned to pre-covid19 levels; and the proportion of exclusively digital or hybrid events is falling. Although conditions are normalizing, there will be no status quo ex ante in the aftermath of Corona. It is not yet possible to predict the extent to which big events will retain their importance in the strategic marketing mix of major brands. |
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Panerai and AlMalki Group announced their new partnership in Saudi Arabia
Effective June 1st 2021, AlMalki Group will be the exclusive new authorized partner of the Florentine brand in the Kingdom. The Panerai boutique in Mode, Al Faisaliah Mall Riyadh will operate as usual while the Jeddah boutique will be temporarily closed, accommodating clients through remote sales with next day delivery. “AlMalki Group is an essential partner, key to our continued growth. This new partnership strengthens our position in the Saudi Market and we are looking forward to the positive future ahead,” explained Gaby Bitarian, Brand Director, Panerai MEI.
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Jacob & Co. becomes the first luxury watch brand to accept cryptocurrency
Jacob & Co. is once again on the forefront of technology and innovation as it becomes the first luxury watch and jewelry brand to accept cryptocurrency as payment. To do this, Jacob & Co. partnered with crypto exchange company, CEX.10, to provide the flatform to accept purchases using Bitcoin, Ethereum and other verifiable digital currencies for their offerings.
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Company News
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Bvlgari unveils “MAGNIFICA” High Jewelry Collection with a two-day event in Milan
Bvlgari for the first time decided to present its newest High Jewelry and High-End Watch collection with a two-day event in Milan, contributing to the city’s re-birth, after the dark times of the pandemic. With its event, the Roman jeweler wanted to put Milan in the spotlight thanks to the affluence of international clients and celebrities flocking to town for the event, and to leave a tangible mark, also making a donation to the Milan Municipality. While Rome remains Bvlgari’s ultimate muse and source of inspiration, Bvlgari celebrated its tight relationship with Milan, an herald of the Made in Italy and of the Italian lifestyle by enriching its Magnifica collection with two extraordinary creations inspired by one the city’s most recognizable symbol: the Sforzesco Castel. |
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Chopard marks its 34th year as official timekeeper of ‘1000 Miglia’
For the 34th consecutive year, Chopard is proud to once again participate in the celebrated 1000 Miglia car rally as the historic event's main partner and official timekeeper. The 2021 1000 Miglia, run from June 16th to 19th, will see the usual direction of the course reversed, meaning the 375 entries will travel the 1,618 km route (1,005 Roman miles) in a counter-clockwise direction. This has never happened since the competition was revived in 1977 but was a regular occurrence during the early editions of the original race between 1927 and 1957. Just as it has done since 1988, Chopard is unveiling a new watch to commemorate the event in the form of the Mille Miglia 2021 Race Edition. |
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Tiffany & Co. announces three new global House Ambassadors
Tiffany & Co. announced that Anya Taylor-Joy, Eileen Gu and Tracee Ellis Ross are its newest global House ambassadors. Ushering in a new creative vision for the storied jeweler, today, Taylor-Joy, Gu and Ross make their debut in the 2021 Tiffany T1 campaign, ‘Give Me the T,’ launching across Tiffany platforms. Showcasing Tiffany’s signature collection through a pared-down, contemporary lens, Taylor-Joy, Gu, and Ross star in three vignettes obliquely centered around the letter T. Highlighting the design’s bold forms, striking pavé diamonds and intricate craftsmanship, the campaign was shot by Mario Sorrenti in New York City. While the story behind Tiffany T1 remains centered on inner strength and individuality, the breadth of the collection has evolved over the past year to include new bracelet, earrings and pendant styles, as well as new 18k white gold iterations.
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Mouawad reveals its Natural Wonders campaign
The new Natural Wonders campaign pays tribute to both the beauty of nature and Mouawad works of art, taking its setting in one of the Earth’s most beautiful natural landscapes of the desert. Here, to a backdrop featuring the stunning contrast between golden sands and blue sky, and amid the scintillating rays of the sun, some of the world’s most naturally beautiful women – Miss Universe Hungary, Germany and Greece - were adorned with Mouawad high jewelry and masterpieces. The effect is awe-inspiring, with each high jewelry or masterpiece suite emanating a unique out-of-this-world aura, courtesy of breathtaking gemstones and exceptional craftsmanship. The sets featured include the Pure Allure Diamond Suite, a masterpiece featuring an array of round, oval, marquise, and pear-shaped white diamonds totaling 112.42 carat, whose design expresses the pursuit of a precious dream in an orchestration of scintillating light and elegance that eludes time. |
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Product Launch
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BOVET 1822 collaborates with Rolls-Royce
For the first time ever, two tourbillon timepieces from BOVET 1822 have been engineered, designed, and developed in parallel with the production of a coach built Rolls-Royce. Using the revolutionary and patented Amadeo system, these timepieces can transform from a wristwatch to a pocket/pendant watch to a desk clock and that’s right, a dashboard clock. As the mechanical tourbillon timepieces are meant to be mounted in the car as dashboard clocks, this changed the development completely as now they had to be considered part of the car. As a result, the holder and timepiece -- all 51 components engineered and manufactured by Bovet -- had to be tested like any other part of the car for vibration, security, safety, and more. No other timepiece has ever undergone such scrutiny and testing – up to and including crash tests. |
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Bell & Ross releases the new BR 03-92 Red Radar
In 2011, the brand launched the eye-catching Red Radar. Quirky yet innovative, this futuristic timepiece drew its inspiration from an aircraft radar screen - and has been met with huge success. This year, Bell & Ross is back with a new Red Radar, the spectacular BR 03-92 Red Radar Ceramic. This avant-garde timepiece is also inspired by a radar screen and brings its own innovative reinterpretation to the watch display. It forms part of Bell & Ross’ iconic Flight Instruments collection which brings together exclusive timepieces, inspired by instruments on board jet planes. It is available in a limited edition of 999 pieces. The style of the new BR 03-92 Red Radar Ceramic version is as modern as ever. Its display breaks the traditional watchmaking codes by revisiting the graphics of an aircraft control radar. The time can be read via a system of rotating discs, combined with an analogue hand. The dial is topped with a red sapphire crystal. |
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GUCCI introduces Link to Love collection
GUCCI introduced Link to Love, a new collection of contemporary, gender-neutral jewelry representing the infinite cycles of life, romance and togetherness. A selection of sleek, geometric styles that can be stacked together, these pieces are reminiscent of the ‘80s but with a modern feel: once gifted, they literally create a link to love. The collection is crafted in three colors of gold – yellow, white and pink – and includes rings, bracelets, necklaces and a variety of earrings. The GUCCI logo is used throughout as a decorative element, infusing pieces with brand recognition. The collection also includes fine necklaces, bracelets and earrings, all featuring a small bar pendant displaying the GUCCI logo as a graphic detail. |
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Capture the lightness of summer with the Capture Light Collection by Akillis
The Capture Me collection enriches and renews its desirable charm with its Light version where the trap of seduction opens up to new jewellery proposals. Bracelets, rings and earrings explore the brand’s now iconic triangular motif in a winning game. Forms respond, oppose and complement each other. Each models reveal the skin, flattering the contrasting effect of the diamond and the charm of the carnal nude. Never where you expect it to be, Capture Light collection gives everyone the opportunity to express their uniqueness.
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Exhibitions & Events
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GJEPC to organize International Gem & Jewellery Show (IGJS) in Dubai from 14th to 16th August 2021
GJEPC, the apex body of gem and jewellery trade in India with the support of Govt. of India, is organizing the inaugural International Gem & Jewellery Show (IGJS), an in-person exhibition, in Dubai from 14th to 16th August 2021. The Middle East is one of India’s biggest gem and jewellery markets, accounting for 40% of total exports. Although flights between India and the Middle East nations are currently suspended, the GJEPC is hopeful that the rapidly declining rate of covid infections in India may result in a resumption of air connectivity by the end of June, giving participants adequate time to prepare. IGJS Dubai is backed by the Department of Commerce, Government of India, which has directed the Indian Embassy in the UAE to extend support to the show. |
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