Market Report

LVMH sales growth sees a slowdown

LVMH Moet Hennessy Louis Vuitton says revenue grew a scant 2 per cent in the third quarter of the year, a sign the French luxury juggernaut is slowing. The company behind Givenchy gowns and De Beers diamonds said on Tuesday that it bought in €7 billion in sales in the July to September period. That’s less than the € 7.3 billion analysts surveyed by FactSet had expected.

Market News

Tiffany confirms final split from Swatch

Tiffany & Co. and Swatch Group have officially severed ties after a protracted legal battle, leaving the American jeweler free to seek new opportunities for its line of branded watches. On October 11th, Tiffany told the Securities & Exchange Commission that its relationship with the Swatch Group automatically terminated on the first of October, leaving it in control of its timepiece collection. Tiffany & Co. and Swatch Group joined forces in 2007, with Tiffany stating the deal would make them a leading name in watches. However, the agreement fell apart in less than two years, leading to a lengthy fight in court. Initially, Swatch sued for $4 billion in lost revenue and Tiffany countersued for $600 million, claiming breach of contract. The companies then took the case to a European court, participating in a confidential arbitration in the Netherlands.

Company News

Jaeger-LeCoultre celebrates the first anniversary of Place Vendôme store and opens boutique in Germany

Jaeger-LeCoultre celebrates the first anniversary of its flagship store on Place Vendôme and opens its first boutique in Germany. Daniel Riedo, CEO of Jaeger-LeCoultre and Franck Robinet, Director of Jaeger-LeCoultre France, personally welcomed guests in this exceptional boutique of 500m2 reflecting the prestige of the Maison. Singer Margaux Avril gave a private concert to celebrate the occasion.

Graham announces its two new partnerships

Graham celebrates being the Official Timing Partner of the Los Angeles Kings, USA and Spengler Cup, Switzerland. Graham is proud to be part of this annual ice-hockey gathering. Davos is the place to be for Ice Hockey fans, the fast-flowing game lovers and stick handling professionals. The eastern Swiss city hosts one the most prestigious Ice-Hockey events in the world, the Spengler Cup. GRAHAM is proud to be part of this annual ice-hockey gathering. Graham decided to join forces and take a trip into the Spengler Cup’s history and the legendary festive and convivial atmosphere surrounding the event. The mythical Staples Center is the temple of ice hockey which hosts the Los Angeles King’s amazing feats each season. For the second successive year, Graham puts on skates of prestigious international ice-hockey by partnering with the LA Kings® team.

Longines Official Timekeeper of the Qatar Prix de l'Arc de Triomphe

As partner of France Galop and of the Qatar Racing and Equestrian Club, the Longines was also the title partner of another international Group 1 race, the Prix de l’Opéra. Longines is the official timekeeper of the racecourses of Chantilly, Deauville and Long champ, as well as the title partner of the Prix de Diane Longines.

Bomberg introduces new ambassador

Bomberg has revealed its global ambassador Chris "The Birdman" Andersen. The Birdman defies conformity and gravity Known for his exhilarating and record-breaking performances on court, Andersen has earned his "Birdman" nickname thanks to his extreme airborne acrobatics and incredible 7ft arm span. He is also a passionate advocate of children's charities he has donated profits from the use of his image to an orphanage, a homeless shelter and a scholarship programme he is about to launch his own Freebird Foundation for underprivileged youngsters. According to a statement issued by Bomberg, Chris is the ideal spokesman for the brand. He shares the same values and defies conformity in an adrenaline-fulled life to the full.

Sicis Jewels opens a new jewelry store in Istanbul

Sicis opened a new and exclusive Sicis Jewels store in the Sicis showroom at the prestigious Nisantasi district of Istanbul, the City of Gold overlooking the Bosphorus. The Sicis O'Clock micro and nano-mosaic masters create tiny rods of gold and Venetian enamel, obtained by melting 9 different base colours to produce infinite combinations of precise colours and shades.

Swarovski appointed Miranda Kerr for its latest advertising campaign

Swarovski has chosen Australian supermodel Miranda Kerr for its new campaign. The campaign will break in fall 2013 as part of a global media drive. The image features a radiant Miranda Kerr wearing a selection of Swarovski’s most loved products for daytime and evening wear. The global campaign includes a TV commercial to be shown in Italy, France and Hong Kong which features a soundtrack composed and preformed especially by singer, song writer and producer Pharrell Williams.

Pure Gold Jewellers records 20% increase in gold jewellery

Pure Gold Jewellers recorded a 20% increase in gold jewellery sales during the busy Eid Al Adha period. Pure Gold Jewellers offered 70% discount on its contemporary range of Pure Diamonds collection for Eid Al Adha. In addition, customers had a chance of winning 1 Carat, Half Carat or Quarter Carat certified diamond solitaire on purchase of gold or diamond jewellery worth AED 1,999.

Product Launch

Dubai Duty Free’s nine month sales up 12%

Dubai Duty Free sales reached Dh4.65 billion ($1.27 billion) in the first nine months of this year, an increase of 12 per cent over the same period last year, putting it on track for year-end sales of Dhs6.6 billion. Strong growth was recorded across the Terminals, with sales in Terminal 3 rising by 17 per cent year- to- date to Dhs2.94 billion ($805 million) and accounting for 63 per cent of total DDF turnover. Terminal 2, which accounts for 7.6 per cent of turnover, saw sales rise by 22 per cent to Dhs352 million ($96.5 million) year to date. Terminal 1, which accounts for 28 per cent of total turnover recorded nine month sales of Dhs1.3 billion ($358.5 million). Category wise, perfumes, liquor and gold retained the top three positions with perfumes in particular showing strong growth with a sales increase of 17 per cent to Dh738 million ($202 million) for the first nine months of the year.

Vacheron Constantin presents New Toledo 1951 model

The design of the new Toledo 1951 case is in pink gold features three rounded sides composing the signature of this timepiece. In keeping with the fine tradition of artistic crafts cultivated by Vacheron Constantin, the dial displays a hand-guilloché centre. It features a geometrical motif reinterpreting that of the original and designed to accentuate the shape of the case. The delicately beaded and hollowed minute circle discreetly reveals the 18-carat gold dial. Its square form keeps the main focus on the shape of the case. Taut lines and optical effects testify to the infinite care lavished on the design of this dial with its opaline silver-toned finishes. The solid case-back provides scope for personalising this model supplied with an alligator leather strap secured by a half Maltese Cross-shaped pin buckle.

deLaCour presents The Promess Lady Cleopatra

In honor of the timeless beauty of Queen Cleopatra, deLaCour presented recently The Promess Lady Cleopatra timepiece. The watch features a round pink gold case with diamond paved bezel and horns. The dial is paved with precious gems and enhanced with a diamond asp, which gives the watch its unique beauty and elegance. The 64 baguette cut amethysts are rigorously selected to provide a homogenous ensemble, which supports the diamond snake. This watch has a total of 2.4cts diamonds and 8.13cts amethysts. The Promess Lady Cleopatra is a sovereign timepiece dedicated to feminine beauty.

Montegrappa presents Fortuna Skull series

Montegrappa Fortuna Skull series: an apt choice as the skull meant good fortune in ancient civilizations, while the intellectual act of writing is served by the mystery of crystal skulls, which represent wisdom, knowledge and consciousness. Fortuna Skull pens are adorned with skulls throughout the barrel, with a large skull engraving positioned opposite the clip on the cap. A black Zirconia is set in the teeth of the large skull. Montegrappa’s Fortuna Series boasts a cufflinks collection in stainless steel, etched with a skull motif. The cufflinks are available in bullet, octagonal and round shape. The bullet-shaped version boasts the typical black glass faceted stone.

TF Est. 1968 is to launch two new products

The ClockWork and WheelWork ballpoint pens bodies showcase the art of relief work with a watchmaking twist. The ClockWork model is smoothed to perfection, thus making the shaft of the pen especially soft to the touch. Three combinations of colours and materials are used: rhodium-plated metal, gunmetal-coloured palladium & cut-out motifs in black PVD, rose gold plate and cutout motifs in black PVD relief or body in black PVD and cut-out motifs in rose gold plate relief. A Schmidt mechanism is used for the ballpoint and domed tip is struck with the TF logo. The WheelWork is obtained by fine laser engraving. Three high-grade materials: rhodium-plated metal, gunmetal-coloured palladium, or rose gold plate. Or also, two-tone gunmetal and rose gold. WheelWork ClockWork is Available in the colours rose gold and black.

Saint Honore introduces the new Carrousel collection

Saint Honore latest Carrousel men’s watch collection goes back to basics with its pure, clean lines. The exquisite shape of Carrousel is enhanced by its elongated lugs, the line’s signature motif. The case combines a subtle blend of polished and brushed steel on the case-band and bezel. The dial, with its polished steel hour-markers, allows a view of the ETA 2824 movement; the innovative design of the skeleton hands. The dial of Carrousel “Moon Phase” versions, Elegant and urbane, displays the hours, minutes, moon phase, day and date in an aesthetically harmonious configuration Every detail has been given careful consideration to present each gaze with a clear and balanced composition, including “red gold” hands and indexes that stand out clearly against the white background. The Carrousel Moon Phase is worn with ease and comfort on a leather strap.

Celebrity News

Coco Rocha wore Van Cleef & Arpels

Coco Rocha and her husband, James Conran, attend The Fifth Annual Norman Mailer Center Benefit Gala. Coco Rocha wore “A Cheval” necklace featuring diamonds set in platinum by Van Cleef & Arpels, “Galuchat” bracelet from the “Diamond Lines” collection featuring diamonds set in platinum by Van Cleef & Arpels and “Snowflake” ring featuring diamonds set in platinum by Van Cleef & Arpels.

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