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LVMH cancels $14.5b deal for Tiffany; The Gold-Jewellery sector restarts from VOICE; Chopard opens the doors of its Watch and Jewellery Workshops to shine the spotlight on its Artisans
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Market News
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LVMH cancels $14.5b deal for Tiffany
Luxury goods giant LVMH is ending its takeover deal of jewelry retailer Tiffany & Co., saying the French government had requested a delay to assess the threat of proposed U.S. tariffs and amid wider industry troubles caused by the pandemic. The Paris-based conglomerate said that both the French government and Tiffany had requested that the closing of the deal be postponed by a few months. The French government, it said, wanted to assess the impact of the possible U.S. tariffs on French goods. As a result, LVMH said, the $14.5 billion deal that was scheduled to close Nov. 24 will be canceled. |
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The Gold-Jewellery sector restarts from VOICE
Just a tiny preview of the infinite and fantastic new entries from the 370 companies exhibiting at VOICE - Vicenzaoro International Community Event at Italian Exhibition Group’s (IEG) Expo Centre in Vicenza. A bright layout and great flurry of business welcomed an already large crowd in the initial opening. Over the three days of the show, visitors are able to stroll through the halls in maximum safety thanks to IEG’s efforts in applying its #safe business protocol, in line with the global trade show community. As Favier Jerome, CEO at Damiani, said along the grand avenues of VOICE, this is not a re-start because this world has never stopped. Here we are witnessing a revival of luxury which “is authenticity, reality, savoir faire, craftsmanship and here we can see them multiplied and amplified.” |
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Gems and jewellery exports recover to USD 1764.06 Million in August 2020
According to the Gem and Jewellery Export Promotion Council, the gems and jewellery exports have shown signs of recovery and has registered at USD 1764.06 Million in August 2020, as compared to USD 36 Million in April 2020. The recovery is due to growth in demand for diamonds and jewellery in international markets like US, China, Europe etc. which have opened for trade. However, as compared with a year on year comparison, gross exports at USD 1764.06 Million in August 2020 is showing decline of 41.55 percent, as compared to gross exports of USD 3018.32 in August 2019.
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Company News
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Chopard opens the doors of its Watch and Jewellery Workshops to shine the spotlight on its Artisans
For the very first time, Chopard has decided to open the doors of its Watch and Jewellery Workshops to shine the spotlight on its Artisans. In a gentle blend of humility and pride in a job well done, these men and women of character reveal the secret of their know-how, simultaneously revealing the exceptional dimension of both their artistic approach and their genius. The heart and soul of the Maison's workshops, these "Mains d’Art" are the creators of the Emotions which give Chopard its reputation for craftsmanship, innovation and respect for tradition. |
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Ethical Committee of colored stones of Assogemme’s association appoints Mr. Guido Grassi Damiani as new President
Mr. Guido Grassi Damiani, the President of Damiani Group will chair the Ethical Committee for colored gems of Assogemme carrying out the definition of the first procedural ethical code for the production and trade of colored stones according to ethical principles. "It is an honour and a great responsibility for me to be appointed President of the Assogemme’s Ethical Committee: a virtuous organization that since 2007 has aimed to raise awareness, guarantee and enhance ethics, transparency and respect for people and environment, in the gem sector. The debate on the ethical dimension is not a passing fad and it absolutely must not be perceived as such: it is a real essential necessity in the world of jewelry to which all actors are invited to reflect and act in conformity. “- declared the new President Guido Grassi Damiani. |
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Bloomingdale’s Middle East goes online
Bloomingdale’s Middle East has announced the launch of its much-anticipated e-commerce platform. The new platform further expands the brand’s presence into Saudi Arabia, in addition to catering to existing brand lovers with same-day delivery within the UAE and express shipping to Kuwait and KSA. Customers within the UAE and Kuwait can skip the wait and enjoy two-hour click and collect from the respective stores and free exchanges & refunds can be processed across all markets – either in store or via the automated process on the website. Coinciding with the launch of the online platform, Bloomingdale’s also introduces an iOS app for the region, offering its audience easy-access to their favorite brands right at their fingertips. |
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The Limited Edition celebrates its 5th anniversary
In 2015, a group of keen collectors and watch lovers came together with the ambition of supporting the development of the art of independent watchmaking through online retail and extensive promotion. The Limited Edition was born and one question immediately came to the table: ‘What can we offer as an added value to the keen watch collector’? The initial answer that came to mind was: ‘The most amazing array of niche independent brands, for the true Connoisseur’. However, that was only part of what actually happened next. These exceptional artisanal watchmakers and their products often have an incredible story, which we help to tell in a curated and protected environment. Every brand produces based on demand sparked by the story telling, and not on the idea of filling the shelves of retailers across the planet. |
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Product Launch
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A. Lange & Söhne celebrates 175 years of Saxonian precision watchmaking
At the Watches & Wonders in Shanghai, A. Lange & Söhne presented three exceptional models from the 1815 watch family with the name affix "Homage to F. A. Lange". The three limited editions with cases made of Lange-exclusive honey gold as well as special movement decorations and dials are dedicated to Ferdinand Adolph Lange, who 175 years ago laid the foundation for Saxonian precision watchmaking by establishing his manufactory in Glashütte. The three models are 1815 THIN HONEYGOLD, 1815 RATTRAPANTE HONEYGOLD and TOURBOGRAPH PERPETUAL HONEYGOLD. |
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Audemars Piguet launches the CODE 11.59 Selfwinding Flying Tourbillon Chronograph
This high complication watch unites an 18-carat white gold case with a three-dimensional architectural face design blurring the line between dial and movement. The contrast of rhodium-toned and black galvanic openworked bridges honed from titanium and nickel silver, brings depth and play of light to the watch. The transparent chronograph counters at 3 and 9 o’clock reveal part of the complex mechanism, while the impactful flying tourbillon makes its rotation at 6 o’clock. The blued lacquered inner bezel, white gold hands and chronograph rings add a subtle touch of colour, which is enhanced by the watch’s dark blue hand-stitched alligator strap. |
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The Backes & Strauss Queen of Hearts Collection
The Backes & Strauss Queen of Hearts is a majesty of a bejewelled timepiece. The Master diamond polisher fashioning and cutting the 36 identical heart shaped diamonds that are then set on the bezel. This is no ordinary bezel-the master jeweller crafting this pieces of jewellery enabling him to set the 36 heart shaped diamonds in a prong setting. The Bezel then neatly fits into the beautiful slim Renaissance Case set with 188 ideal cut round brilliant diamonds. The dial made by the master dial maker is a white mother-0f-pearl set with 70 ideal cut round brilliants diamonds and 4 heart shaped rubies to every quarter of the hour. The beautifully hand engraved mechanical movement which is visible from the open case back has a power reserve of 36 hours. |
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The Camden Watch Company release new No.29 Type II Pilot watch
The No.29 Type II is based on The Camden Watch Company’s bestselling No.29 model. At ø43mm, it is the largest case in the collection, but due to the tapered sides and different finishes, this watch is anything but bulky. This is The Camden Watch Company’s first foray into military style aviation watches, inspired in part by the rich aviation history of co-founder Anneke Short’s family. In classic Camden Watch Company style, it is a vintage-inspired watch packed with modern styling. The No.29 Type II features a Swiss movement, sapphire crystal, 316L stainless steel and a fine Italian leather strap. |
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AIGNER presents its new watches and jewellery collection
AIGNER Aprilia is a timepiece that is defined by the delicateness that outlines its silhouette. The Camellia flower – symbolic of love and adoration - festoons the pearlized canvas of the dial with a sparkling trail of glitter and metallic indices, adding to its supple beauty. While Aprilia is a defining style statement on its own, the jewellery provides the perfect prologue to your striking persona. Imbuing movement and touched by grace, the patterns on the mother-of-pearl jewellery capture the beauty of rays of sun reflecting on its tranquil surface. With the crystal-encrusted AIGNER ‘A’ anchoring the design, the jewellery has delicate beads that offset the gold-plated chains of the bracelet and necklace. |
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Tiffany & Co. debuts a special edition of the Elsa Peretti® Bone Cuff
Tiffany & Co. launched new special-edition designs of Elsa Peretti’s Bone cuff to celebrate the icon’s 50th anniversary and Peretti’s love of color. Powerfully feminine with an effortless ease, this groundbreaking design was introduced in the 1970s and showcases the ergonomic sensuality that informs Peretti’s jewelry. Launching in May 2020, and reimagined in vibrant red, blue and green hues with a “special edition” inscription, the Bone cuff is as artful as it is beautiful. Carved stone styles are a nod to the sublime beauty that Peretti finds in nature, featuring sterling silver with black jade, sterling silver with turquoise and 18k yellow gold with green jade. |
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Maria Tash presents Fall/Winter 2020 Collection
Maria Tash presents her Fall/Winter 2020 Collection which balances innovation, timelessness, structure and movement, and weaves those elements into both jewellery design and luxury piercing. The collection introduces the Triple Silhouette Spike Diamond Eternity, which is a new update on the iconic Maria Tash design. Maria converted the classic gold spikes to diamonds and incorporated the faceting of a modern cut stone to achieve a minimalist approach to setting and a maximalist approach to style. |
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Exhibitions & Events
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The Global seat of diamond manufacturing - Surat, is humming again
Surat, the world’s leading cutting and polishing diamond manufacturing hub, is humming again. Despite the imposed restrictions due to the pandemic till sometime back, many leading manufacturers aren’t reporting any new Covid cases. Colin Shah, Chairman, GJEPC said, “Cut and polished diamonds are a major contributor to the overall India’s gems and jewellery exports amounting to $35 billion. Although exports in the first quarter have been severely impacted by the ongoing pandemic, it is heartening to note that exports have commenced from the global seat of diamond manufacturing. As there are orders coming from the US, Hong Kong and parts of Europe for certain types of polished goods, the sector is on the path of recovery. The upcoming holiday season in the western countries, would further boost the demand for gems and jewellery.”
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