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LVMH Watch and Jewelry sales up by 20% in first quarter, Gucci announces launch of e-commerce in Kuwait, Jaquet Droz inaugurates its first boutique in Dubai.
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Market News
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LVMH Watch and Jewelry sales up by 20% in first quarter.
LVMH Moët Hennessy Louis Vuitton recently reported that year-over-year organic revenue growth (meaning with comparable structure and exchange rates) for jewelry and watches was 20 percent in the first quarter.
Reported revenue growth was 9 percent, with total sales rising from €879 million ($1.08 billion) to €959 million ($1.18 billion).
LVMH said Bulgari “enjoyed an excellent performance” and continues to gain market share on the back of its most well-known lines, Serpenti, B.Zero 1, Diva and Octo. Also in the first quarter, Chaumet unveiled a new high jewelry collection and Hublot introduced the Big Bang Sapphire Tourbillon at Basel, while Zenith came out with Defy. TAG Heuer, another of the division’s top-performing brands, paid homage to the 55th anniversary of its popular Carrera line with a number of new watches.
Watches & Jewelry recorded the highest year-over-year Q1 revenue growth of any LVMH division. Overall, LVMH recorded an organic revenue increase of 13 percent in the first quarter and reported revenue increase of 10 percent for the period, with sales rising from €10.85 billion ($13.43 billion) in Q1 2018 compared with €9.88 billion ($12.18 billion) Q1 2017.
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Company News
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Gucci announces launch of e-commerce in Kuwait.
Gucci officially launches e-commerce in Kuwait, published in Arabic, English, and five other languages. The full collection, from handbags and shoes to ready-to-wear, accessories and Décor is now available for purchase online. |
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Jaquet Droz inaugurates its first boutique in Dubai.
Jaquet Droz opens its first boutique in Dubai in the legendary Dubai Mall. Christian Lattmann, CEO of the brand, was there alongside Marc Aellen, Jaquet Droz Vice President and Head of International Sales, Ramesh Prabhakar, Managing Partner of Rivoli Group and Abraham Koshy, Chief Operating Officer Rivoli Group. Surrounded by many of the brand’s connoisseurs and friends, they cut the ribbon to open this new showcase for Swiss fine watchmaking. |
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Ian Poulter secures final spot in Augusta with Houston open victory.
Audemars Piguet ambassador Ian Poulter wins the Houston Open in a dramatic play-off to secure the final spot in this week’s Major. |
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GJEPC inaugurates its 1st Edition of India Gemstone Week at Pink City.
GJEPC’s first edition of India Gemstone Week was inaugurated by the Union Minister of State for Commerce & Industry,Consumer Affairs, Food and Public Distribution, Shri C R Chaudhary at a glittering ceremony at Hotel Fair Mont in Pink City. The grand event also marked the presence of eminent dignitaries from the GJECPC such as Mr Pramod Agrawal, Chairman, Mr Dilip Shah, Convener-International Exhibition, Mr Nirmal Kr Bardia, Regional Chairman, Rajasthan and Mr Vijay Kedia, Co-Convener, International Exhibitions. |
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Product Launch
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TAG Heuer presents Aquaracer Lady Calibre 9 Automatic.
TAG Heuer launches a brand new women's version equipped with a Calibre 9 automatic movement. It has a 12-sided unidirectional rotating bezel featuring 6 polished lugs, and hands and indices covered with white SuperLuminova™. In steel with a magnificent dial in black or white mother of pearl, the diameter of this model is an elegant 32 mm. The bracelet is also steel. |
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L’Epée 1839 unveils its new co-creation, ‘Time Machine’.
The new kinetic architecture of L’Epée 1839 belongs right there alongside them with its 370 components, It is composed of brass and stainless steel, and stands on tripod legs. The glass cylinder is bookended by two propellers, which are actually giant crowns: the left sets the time, while the right winds the barrel. It is available in three iterations: brushed steel, two-tone black-coating and gold-plate, as well as steel with black-coated accents. |
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Ulysse Nardin presents FREAK OUT Blue Gold.
Ulysse Nardin marine blue matched with the rich luster of gold on the bridge and stitches. Located between the lugs above the lower strap, a small lock is used to liberate the rotating bezel. Sailcloth strap and titanium folding clasp. |
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CASIO Middle East launches of new line of BABY-G timepieces
CASIO Middle East announces the launch of its latest range of models for its BABY-G brand, which have been designed and developed for the active yet elegant and sophisticated women of today. The watches exhibit a classy feminine look utilizing generous portion of gold and pink, in terms of functionality, the G-MS range is equipped with a LED light super illuminator with auto-light switch; a Dual Dial World Time, which shows the current time in another time zone using a small dial. |
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Exhibitions & Events
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Jewellery by famed designer and sculptor Giò Pomodoro on display at the Museo Del Gioiello in Vicenza.
"Giò Pomodoro Jewellery. The sign and the ornament," an exhibition of more than 60 pieces by the renowned Italian goldsmith, engraver, sculptor and stage designer, was inaugurated at the Museo del Gioiello in Vicenza and will run through September 2018. It is managed by the Italian Exhibition Group S.p.A. (IEG) in partnership with the Vicenza Municipality. The exhibition preview was attended by the artist's son, Bruto Pomodoro, who joined IEG Division Director Jewellery & Fashion Marco Carniello, Museum's Director Alba Cappellieri and Ms. Stroppiana in explaining the artistry on display and the career of the man known as the Maestro from the Marche region. |
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Celebrity News
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Celebrities wear Chopard to the first Edition of CANNESERIES
British actress Michelle Dockery wore a pair of earrings from the Temptation Collection in 18ct white gold set with pear-shaped diamonds (2.4cts), round-shaped carats (2.2cts) and diamonds. She completed her look with an 18ct white gold ring from the Happy Diamonds Collection. British actress Jessica Barden shined in a pair of earrings from the Green Carpet Collection in white 18ct Fairmined gold set with marquise-cut diamonds. Danish actress Sidse Babett Knudsen wore a pair of earrings from the Temptation Collection in 18ct white gold set with pear-shaped rubies (9.6cts), marquise-cut diamonds and diamonds.
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Emily Blunt wears Messika at London Premiere
Actress Emily Blunt shine at the premiere of ‘A Quiet Place' wearing the Messika My Twin Earrings and the double high jewelry Magic Spell ring to accessorize her floral outfit. |
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