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UAE economy will grow faster than GCC this year, Emaar Malls records 7% growth in Q1 2019, A.Lange & Söhne sponsor the Concorso d‘Eleganza.
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Market News
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UAE economy will grow faster than GCC this year.
The UAE’s economic growth this year is expected to be around 2.8 per cent, topping the outlook for the Gulf region, said by the international Monetary Fund. For 2019, the IMF’s Regional Economic Outlook has projected 2.8 per cent real GDP growth compared to the earlier forecast of 3.6 per cent. According to the latest IMF projections, the UAE economy grew by 1.7 per cent against the October forecast of 2.9 per cent in 2018. The economy is projected to grow 3.3 per cent in 2020 supported by a strong 4 per cent non-oil growth projected for that year. (Source: Gulf News) |
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Emaar Malls records 7% growth in Q1 2019.
Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded an increase in net profit by 7 per cent to Dh584 million during the first quarter of 2019, compared to the net profit of Dh548 million, during the first-quarter of 2018. Revenue for the first three months of 2019 reported a growth of 4 per cent to Dh1.075 billion ($ 293 million), compared to Q1 2018 revenue of Dh1.038 billion. The growth of Emaar Malls was underlined by the strong performance of its shopping mall assets including The Dubai Mall, Dubai Marina Mall, and the Community Retail Centres.
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Company News
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A.Lange & Söhne sponsor the Concorso d‘Eleganza.
A. Lange & Söhne will once again sponsor the Concorso d’Eleganza Villa d’Este, which has taken place at the Grand Hotel Villa d’Este in Como, Italy since 1929. For the eighth time, a one-off LANGE 1 TIME ZONE will be awarded to the winner of the “Best of Show” competition. |
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Vacheron Constantin explores watchmaking emotions.
Vacheron Constantin, explored the emotions behind high watchmaking in an event hosted by the Maison’s Style & Heritage Director, Christian Selmoni. The event included a thought-provoking discussion and a live glimpse into the intricate world of Haute Horology. For the first time in the region, key high complication novelties from SIHH 2019 were on display for connoisseurs to preview. Featuring the Traditionnelle manual-winding Collection Excellence Platine, Patrimony retrograde day-date, Fiftysix blue dial complete calendar and Fiftysix Tourbillon. |
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Laureato Skeleton Earth to Sky Edition stars at “Milan’s Salone del Mobile 2019”.
On the occasion of the “Milan’s Salone del Mobile 2019” - one of the most important international fair of design, the Laureato Skeleton Earth to Sky Edition was presented in the hotel “Galleria Vik” situated in the famous Galleria Vittorio Emanuele in Milan. The GIRARD-PERREGAUX’s Laureato Skeleton Earth to Sky Edition is an alliance of the inscrutable blackness of the cosmos and the blueness of Earth, of ceramic with the sensuousness of a skeleton movement, conceived like a sculpture to form a whole that is resolutely contemporary, masculine, assertive and distinctive. |
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CHANEL revealed the fourth chapter of the "Mademoiselle Privé" exhibition in Shanghai.
CHANEL unveiled the fourth chapter of the "Mademoiselle Privé" exhibition at the West Bund Art Center in Shanghai. After London in 2015, Seoul in 2017 and Hong Kong in 2018, the "Mademoiselle Privé" exhibition is making a stopover in this modern and dynamic city from April 20th to June 2nd 2019, continuing an immersive journey through the origins of CHANEL's creations capturing the charismatic personality, audacity and irreverent spirit of Mademoiselle Chanel and Karl Lagerfeld. |
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L’ÉCOLE Van Cleef & Arpels closing their Creative Nomadic Journey.
L’ÉCOLE Van Cleef & Arpels successfully closes its second edition to date after a tremendous two week program of inspiring courses, captivating conversations and fascinating exhibitions. The school raised over AED 300K for Dubai Cares in funds garnered through the classes for adults and children and was well received by His Excellency, Tariq Al Gurg, Chief Executive Officer and Member of the Board of Directors - Dubai Cares. The second Middle East edition of the nomadic L’ÉCOLE Van Cleef & Arpels engaged over 3,000 visitors throughout the two week program. |
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Christophe Claret signs a partnership with Vasyl Lomachenko.
Christophe Claret announce its collaboration with Vasyl Lomachenko winner of one Europe championship title, two Olympic gold medals and three World championship titles and the forthcoming creation of a new watch. |
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The 4th edition of India SAARC-Middle East BSM 2019.
Gem & Jewellery Export Promotion Council (GJEPC), in its endeavour to promote exports of gems and jewellery, organised the 4th edition of India SAARC Middle East Buyer Seller Meet in Chennai. The three-day BSM (28th -30th April) will showcase a variety of Plain gold jewellery and Diamond studded jewellery. Pre-fixed One-2-One meeting of approximately 30 minutes is scheduled between the buyer and seller on the first 2 days and open exhibition on the 3rd day of the event. |
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Product Launch
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Celebrate the Month of Emeralds with Gemfields and Faberge's Lion and Libertine.
Fabergé and Gemfields celebrate the month’s birthstone and ‘A Life in Colour’ with responsibly sourced Zambian emeralds. Presented against the backdrop of the 5,655-carat Lion Emerald, the Lady Libertine I timepiece is inspired by the Zambian landscape which surrounds Gemfields’ emerald mine, where this remarkable gemstone was uncovered. The timepiece features hand carved rough emeralds which map the heart of Zambia on the watch face, made possible only by Fabergé’s exclusive Dalliance movement, which allows the hands to travel around the outside of the watch face. |
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Baume & Mercier Clifton Club adds two watches.
The Baume & Mercier Clifton Club collection is expanding this year with two new automatic references: GMT version for modern-day travellers and a bronze automatic version with a refined neo-retro look. These new watches are loyal to the Baume & Mercier spirit: high-performance, natural elegance, and easy everyday wear. The Clifton Club GMT watch in steel or bronze is powered by a Swiss self-winding mechanical movement, With a diameter of 42mm, its polished/satin-finished stainless steel case, equipped with a protected crown, fits all wrists. The time in the second meridian is read by a central hand and a deep azure blue aluminium bezel, graduated over 24 hours. |
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Roberto Coin’s Sauvage Privé jewels.
Sauvage Privé jewels Roberto Coin chose to leave the rules of classic fine jewelry behind when he created his Sauvage Privé collection. The design’s unrestrained, boldfaced geometry goes far beyond innovation. The same impulse is reflected in the unusual choice of stones used to decorate the collection. Black jade, which is extremely difficult to cut, is the shiny, forceful star of the collection. And the malachite, with its naturally unique design is the perfect advocate for the company’s mission: to dedicate an exclusive piece of jewelry to every woman. |
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Celebrity News
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Charlize Theron shines in Messika to movie premiere in Paris
Charlize Theron shine in Messika Paris at her ‘Long Shot’ movie premiere in Paris. She wore the Snake Dance earrings from the new High Jewelry collection ‘Born to be Wild’ and the Shards of Mirror ring from the High Jewelry collection ‘Once Upon A Time’. |
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