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Dubai ranks among the top 20 ‘important’ cities for the world’s 'ultra-wealthy'; Passenger Traffic at Dubai International Airport hits record in January
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Market News
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Dubai ranks among the top 20 ‘important’ cities for the world’s 'ultra-wealthy'.
Dubai has ranked 16th in a list of the top 20 most important cities in the world for the ultra-wealthy. Dubai is the only city in the Middle East included in Knight Frank’s latest City Wealth Index, published as part of the consultancy’s annual Weath Report. The UAE city ranks ahead of the wealthy Swiss cities of Zurich and Geneva, as well as Mumbai, Miami and Washington DC. The index ranks cities’ attractiveness to the uber-rich by analysing four measures of current wealth (the current population of UHNWIs in a city); investment (the total amount in US dollars of private investment into real estate in 2016); connectivity (the number of inbound and outbound first and business class flights in 2016), and future wealth (a forecast of each city’s UHNWI population in 2026.
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Passenger Traffic at Dubai International Airport hits record in January.
Dubai International began the New Year in top gear as monthly traffic in January reached an all-time high of eight million passengers, according to the traffic report issued by operator Dubai Airports. Passenger traffic rose 9.7 per cent to 8,037,008 in January 2017, up from 7,327,637 in the same month in 2016. This follows DXB’s performance in 2016 during which the airport welcomed a record 83.6 million passengers.
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UAE is now one of the top 20 list of countries with the most billionaire.
The UAE is now one of the billionaire capitals of the world, according to a new research.
The Hurun Research Institute, a China-based research firm, published recently a report that shows the UAE has broken for the first time into the world’s top 20 list of countries with the highest number of ultra-rich residents.
The country’s billionaire population jumped by a little more than 30 per cent in 2016 compared to a year earlier. A total of 21 individuals with at least $1 billion (Dh3.67 billion) are now living in the UAE, up from just 16 a year earlier, making the UAE the 19th most preferred destination for billionaires.
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Company News
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Audemars Piguet opens newly designed boutique in Riyadh, KSA.
In partnership with Ali Bin Ali, Audemars Piguet opens its boutique in C-Center, Tahliya Street, Riyadh, following a re-design aligned with the brand’s new global retail concept. The new space was officially inaugurated during a cocktail reception on March 7th 2017. |
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Chopard celebrates The Green Carpet Challenge and The Journey to Sustainable Luxury.
Caroline, Colin and Livia Firth hosts their annual intimate dinner at the iconic Sunset Tower, to celebrate The Green Carpet Challenge and The Journey to Sustainable Luxury. |
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TAG Heuer announces its e-commerce partnership agreement with Tmall.com.
TAG Heuer, made its presence in the Alibaba Group Corporate Campus, announces its e-commerce partnership agreement with Tmall.com. It is officially the TAG Heuer Tmall Time! This strong partnership with Tmall.com demonstrated TAG Heuer’s avant-garde spirit of #DontCrackUnderPressure, offering a brand new shopping destination for on-line consumers of the younger generation. |
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Baume & Mercier partnership with Ali Bin Ali Group at Doha Jewellery & Watches Exhibition.
Baume & Mercier marked a successful presence at the 2017 Doha Jewellery & Watches Exhibition (DJWE) that was held between the 20th and 25th of February at the Doha Exhibition and Convention Center. Baume & Mercier celebrates its partnership with the Ali Bin Ali Group. The Maison plans to open a Flagship Boutique in Doha Festival City with Ali Bin Ali Group in order to establish the Brand in Qatar. |
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Roderer partners with Harvey Nichols Riyadh.
Roderer partners with Harvey Nichols Riyadh. Roderer will showcase a range of bespoke accessories available at Harvey Nichols Riyadh, in the prestigious Al Faisaliah District, in Riyadh, Saudi Arabia. |
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Product Launch
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BVLGARI introduces its new B.zero1Design Legend.
BVLGARI presents its new B.zero1Design Legend Ring jewelry designed by the late architectural legend Zaha Hadid. Sculpted into undulating gold waves, their design juxtaposes Roman tradition and Italian modernity. The new ring and pendant recall the grandeur of Rome’s Colosseum in their design: Hadid reinterpreted the original B.zero1 into a fusion of golds and bold design. |
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Bremont introduces its 2017 Chronometer collection.
Bremont, creates another stunning version of the watch - Norton V4RR, again limited to 200 pieces that will be available for general sale. It combines numerals similar to the classic Norton typeface with gold chronograph borders, a gold Norton logo, and again housed in a beautiful polished Trip-Tick® three-piece case. Turning both models of the watch over reveals a superb, red-painted winding rotor inspired by the design of the V4’s carbon fibre wheels, the colour being repeated in the hand-stitching of the perforated leather strap. |
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Chaumet presents ‘Insolence’ collection.
‘Insolence’ collection by Chaumet tells the story of a diamond ribbon and a rose gold rope chain that meet to intertwine, tie and untie in a whimsical game of duality. The High Jewellery ring comes in white gold and pink gold, brilliant-cut diamonds, the earrings is in white gold and pink gold with brilliant-cut diamonds. |
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Franck Muller unveils Stylistic Purity.
The new Vanguard™ slim collection embodies a new avatar with its symmetric and ultra-thin case. The master watchmakers of the manufacture ‘Watchland’ have once again achieved a work of art by reducing the thickness of the case to the maximum. The in-house automatic movement’s thickness is just 2.60mm thick. |
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Montblanc presents Heritage Chronométrie ExoTourbillon Rattrapante Limited Edition 8.
The Montblanc Heritage Chronométrie ExoTourbillon Rattrapante Limited Edition 8 comes in a 47 mm roundish case crafted in 18-karat red gold with a sapphire crystal caseback. Curved horns with characteristic facets, a stepped concave bezel, and a crown embedded with the Montblanc emblem. The dial is gold with grey grené decoration on the lower part of the dial and vertical satinated finishing on the upper part. The Heritage Chronométrie ExoTourbillon Rattrapante Limited Edition 8 is also equipped with black alligator leather skin strap with red gold pin buckle. |
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Piaget introduces Piaget Tradition timepiece.
Piaget presents this special timepiece for Mother’s Day gift. The Piaget Tradition balances classical and avant-garde aesthetics. The case is pink gold set with brilliant cut diamonds. Dial with T12 diamond dot indexes and 18K pink gold bracelet. |
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Exhibitions & Events
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de GRISOGONO's White Winter Tales Exhibition.
de GRISOGONO's White Winter Tales Exhibition was held on 11th and 14th of February, at the Gstaad Palace’s Baccarat Room, where selected clients admired de GRISOGONO High Jewellery Collections. |
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Van Cleef & Arpels to exhibit at Design Days Dubai.
Van Cleef & Arpels presents Art of Crafts, an exhibition at Design Days Dubai. Held under the patronage of H.H. Sheikh Hamdan bin Mohammed Al Maktoum, Crown Prince of Dubai, the fair is hosted at Dubai Design District. |
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Celebrity News
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Kristin Scott Thomas shines with Boucheron at the Berlin Film Festival.
On the occasion of the 67th Berlin Film Festival, the actress Kristin Scott Thomas shined the red carpet with creations from the Maison Boucheron. The English actress wore the new Serpent Boheme long sleepers in yellow gold set with citrins. |
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Charlize Theron Wears Chopard Jewelry to the 89th Annual Academy Awards.
Charlize Theron wears Chopard earrings in pear-shaped D-flawless diamond and a heart-shaped D-flawless diamond, a pear-shaped diamonds with brilliant-cut diamonds set in white ‘Fairmined’ gold from the “Garden of Kalahari Collection”, a ring featuring a pear-shaped diamond and diamonds set in white gold, and a diamond ring featuring a diamond set in white gold both from the “High Jewelry Collection.” For the 89th Annual Academy Awards. |
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Diane Kruger dazzles in Messika to the Vanity Fair Oscar Party in Los Angeles.
Diane wore her sculptural Alexandre Vauthier dress with the Flappers earrings from the Messika 2017 High Jewelry collection. She added extra sparkle to her striking red carpet attire, wearing the Toi & Moi ring from the Messika Private Collection and the My Twin Trio Ring to the Vanity Fair Oscar Party in Los Angeles. |
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