Market News

UAE retains Top 10 ranking as importer of Swiss watches

UAE retains Top 10 ranking as importer of Swiss watches. The UAE is credited with market viability and sustainability for Swiss timepieces - Swiss watch imports to the UAE in 2013 rose by 9% vs. 2012 and by 36% since 2011.

$75m worth of artworks & watches for sale at Christie’s Auction

More than 200 pieces of artworks and luxury watches, estimated to be worth of $7.5 million (Dh25 million) are expected to go under the hammer at Christie’s auctions in Dubai this week. The London auction house will sell a total of 157 paintings, sculptures, drawings and other modern and contemporary Arab, Iranian and Turkish artworks on March 19 at the Jumeirah Emirates Towers Hotel. The artworks have a combined pre-auction value of $5.5 million, while the watches carry a pre-sale estimate of $2 million. Christie’s auctions seek to cater to buyers and collectors at all levels, with estimates ranging from $2,000 to $200,000 for artworks and $1,000 to $350,000 for timepieces.

Dubai’s non-oil foreign trade hits Dh1.33tr in 2013

Dubai’s non- oil foreign trade reached Dh1.329 trillion in 2013, an eight per cent increase over Dh94 billion in 2012, Dubai Customs announced. Dubai’s imports increased from Dh736 billion in 2012 to Dh811 billion in 2013, while exports and re- exports increased from Dh498 billion in 2012 to Dh518 billion in 2013.

Company News

CARTIER at Art Dubai 2014

Cartier presents Art Dubai 2014 two imaginary cities contrasted with beauty and global diversity which depicts “L’Odyssée de Cartier” collection. Cartier and the Fondation Cartier pour l’art contemporain strived to find the perfect balance of opposites, with Bodys Isek Kingelez’s extrême maquette “Maman Isek Mabo Bendele” a colourful and imaginary city, juxtaposed with the white city created by Cartier, enfolding the world of “L’Odyssée de Cartier” Collection. This colourful model-like megacity architectural piece is the product of the African artist’s inexhaustible imagination, made of salvage, cardboard and fragile materials.

Chopard once again the official partner of the 67th Cannes Film Festival

On the occasion of the 67th International Cannes Film Festival, Chopard revives the magic of the Cinecittà studios. Set against the backdrop of current nostalgia for the 1950s and 60s, the ambience of Fellini’s cult film brimming with nonchalant elegance, hedonism and carefree sensuality will pervade the festival fortnight. The “Dolce Vita” according to Chopard will feature several surprises including a photo exhibition providing backstage views of the films shot in the famous Roman studios; as well as a new Haute Joaillerie Red Carpet collection dedicated to the voluptuous glamour of the actresses who lit up the heyday of Italian cinema.

BOVET 1822 Supports Artists for Peace and Justice in Hollywood

BOVET 1822 supports Artists for Peace and Justice (APJ) by sponsoring the Hollywood Domino pre-Oscar event at the historic Sunset Tower Hotel. Owner of Bovet, Mr. Pascal Raffy, was joined by APJ foundation founder and Academy Award winning director Paul Haggis and stars supporting the cause. After raising over $1.7 million in 2013, Bovet hopes to aid in procuring even more vital funds this year, continuing their support for the school of Peace and Justice in Haiti, which was created for children affected by the earthquake of 2010.

Ahmed Seddiqi & Sons adds MORITZ GROSSMANN to its extensive portfolio of niche timepieces

Ahmed Seddiqi & Sons announced the addition of niche German brand MORITZ GROSSMANN GLASHÜTTE I/SA to its portfolio of premium brands. Ahmed Seddiqi & Sons will now offer Moritz Grossmann’s BENU and ATUM range of timepieces. BENU is the very first wristwatch presented by Moritz Grossmann and ATUM is the second line of watches inspired by the Egyptian god of creation. Moritz Grossmann’s BENU watch’s unique factor where a delicate gold bezel frames the solid-silver dial with its crisp Arabic numerals and in-house manufactured fine-tipped violet hands.

Alpina wins Heineken Regatta

The Alpina sailing yacht won the 2014 Heineken Regatta in Saint Martin. Alpina operates a Swan 82 Feet FD to promote its collection of Sailing Watches. The Alpina Regatta Timer features unique countdown mechanism enabling sailing yachts to start regattas flawlessly. Winning the 34th edition of the world famous Heineken Regatta is a strong confirmation of Alpina's timing precision. Alpina raced three regattas around St. Martin and opposite Anguilla. March 7-9, everyday saw a 26-32 nautical miles race, Alpina finished each first, giving it a solid overall first position for the entire regatta.

Product Launch

Jaeger-LeCoultre unveils Hybris Artistica Collections

Jaeger-LeCoultre presents its three High Jewellery timepieces from Hybris Artistica collection. Reverso Cordonnet Neva presence its miniature movements clinging to the contours of the case. The Reverso lends itself to the artistic jewellery interpretations in a halo of diamonds. Rendez-Vous Célestial is a tribute to the founder of the Grande Maison. Jaeger-LeCoultre had an enduring fascination for the Milky Way constellations. It is in homage to his spirit of observation and inventiveness that Jaeger-LeCoultre created this timepiece. Rendez-Vous Tourbillon for its Hybris Artistica version, the artisans considered how to fully pave the Rendez-Vous Tourbillon with diamonds; they recreated the composition of the Rendez-Vous dial, transfigured by alternating baguettes-cut and round diamonds.

Harry Winston presents Premier Chronograph 40mm

The Premier Chronograph 40mm, volume of the rose gold case has been slimmed down to create a more elegant profile, while the 40 mm diameter gives this chronograph a defined presence on the wrist. The stunning brown Tahitian mother-of-pearl dial radiates a seductive smoky effect, hovering between shades of warm brown and couture grey. A shiny taupe alligator strap provides the perfect finishing touch, further enhancing the refinement and harmony of the design. The Buckle is in rose gold ardillon with cut diamonds.

Corum presents Admiral’s Cup Legend 38

Corum and Rebecca de Alba joined their creativity to design a limited edition of 30 pieces of the Admiral’s Cup Legend 38 in order to support the work of the Rebecca de Alba Foundation to support the most vulnerable groups in our country, especially children and youth suffering from cancer. The Admiral’s Cup Legend 38 is dressed in a precious mother-of-pearl dial. It is adorned with nine hour-markers set with diamonds. This limited edition has mechanical movement with automatic winding-caliber C0082-equipped with a power reserve. The three small stars positioned at the 3 o’clock of the dial is the symbol of the foundation logo.

Exhibitions & Events

ISTANA showcases international haute joaillerie

ISTANA announces its participation in the annual International Jewellery and Watch Show (JWS) in Abu Dhabi, to present exclusive haute joaillerie brands from across the globe. The International Jewellery and Watch Show (JWS) Abu Dhabi is an exclusive high-end jewellery and watch exhibition which brings together elite retailers and distributors from all over the world, and is aimed at the region’s most affluent consumers.

DMCC and Gem & Jewellery Export Promotion Council India to host the Global Gem & Jewellery Fair in Dubai

DMCC, Dubai’s and the region’s global gateway for commodity trade and enterprise, and the Gem & Jewellery Export Promotion Council (GJEPC) India, are to host the Global Gem & Jewellery Fair (GGJF) for the first time in Dubai, Atlantis, The Palm, from 20-22 March, 2014.  With over 130 exhibitors participating from India and the GCC, the Global Gem & Jewellery Fair will provide an ideal platform for international buyers and sellers as they seek to trade top quality gems and couture jewellery during the three-day event. The GGJF provides an exciting opportunity to explore new markets in Dubai and the Gulf region to the Indian participants who plan to showcase new collections revolving around the region-specific aesthetics.

ADNEC sparkles at Jewellery and Watch Show

The 2014 edition of the International Jewellery and Watch Show (JWS) showcasing an extensive collection of the world’s most exquisite jewellery and designer watches is being held at the Abu Dhabi National Exhibition Centre (ADNEC) from 13 – 17 March. JWS 2014 expects to draw more than 140 exhibitors from 19 countries, including Bahrain, Brazil, Hong Kong, India, Italy, Japan, Jordan, Lebanon, Saudi Arabia, Singapore, Taiwan, Thailand, Turkey, the UAE, the UK and the US. Exhibitors at JWS will gain the opportunity to expand their brand visibility, launch new designs and models, sharpen insights about Emirati preferences in ornaments and watches, and explore areas of co-operation with other exhibitors.

Celebrity News

Cate Blanchett and Matthew McConaughey wore Chopard at the Oscars

Cate Blanchett wears a pair of opal drop earrings, featuring with white opals set in white diamond pave and white gold. Matthew McConaughey wore Chopard's L.U.C XP Tonneau timepiece crafted in white gold, featuring a white dial and black leather strap.

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