LVMH set to launch E-Commerce Site for All Brands; Bloomingdale opens store in Kuwait; Dubai's non-oil foreign trade at Dh 1.28 trillion in 2016

Market News

LVMH set to launch E-Commerce Site for All Brands.

LVMH to launch an e-commerce site this May to sell not only its own brands but other non-LVMH products as well.

According to a report from the Financial Times, The website will offer not only brands from LVMH’s own stable the company owns Bulgari, TAG Heuer and Hublot, among others but also non-LVMH brands, making it competition for other online luxury websites such as Net-a-Porter and Farfetch. The luxury goods company plans to launch a website in May branded as Le Bon Marché, which is the department store that the company acquired in 1984.

The Financial Times story also noted that the move would be the first from the luxury goods company since it hired Ian Rogers from Apple as chief digital officer in 2015.

Bloomingdale opens its store in Kuwait.

Bloomingdale’s opened its doors on Tuesday at the 360 Mall in Kuwait City, only its second location outside of the US. Bloomingdale’s has again partnered with the UAE’s Al Tayer Group.

Dubai's non-oil foreign trade at Dh 1.28 trillion in 2016.

The value of Dubai’s non-oil foreign trade stood at Dh1.276 trillion for 2016, Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, said on Wednesday.

Shaikh Hamdan said the overall value of trade had risen 70 per cent between 2009 and 2016.

The year’s imports were valued at Dh803 billion, with re-exports accounting for Dh330 billion and exports Dh143 billion.

Ivanka Trump to End Fine Jewelry Line.

Ivanka Trump Fine Jewelry will no longer be produced but the brand’s newer, lower-priced fashion line will continue.

Abigail Klem, president of the first daughter’s eponymous company, said in a statement: “As part of our company’s commitment to offering solution-oriented products at accessible price points, we have decided to discontinue the Ivanka Trump Fine Jewelry collection.

Klem took over as the head of Ivanka Trump early this year as Trump took a leave of absence.

While Ivanka Trump Fine Jewelry is no more, it’s probable that Ivanka Trump clothing, shoes, bags and fashion jewelry, which is stocked exclusively at Lord & Taylor, will continue as long as business is sound.

Dubai shuts down 8,894 'fake' social network accounts.

The Department of Economic Development (DED) ordered closure of 8,894 social networking accounts that were used to peddle counterfeit goods in 2016.

The crackdown was part of protecting trademarks and eliminating practices that are harmful to e-commerce and the sustainability of businesses in Dubai. Together, the accounts were found to have over 94.5 million followers and 80 per cent were Instagram accounts although other platforms, including Facebook and Twitter were also used by the violators.

A number of villas, warehouses and apartments used to stock counterfeits were raided and the goods confiscated in 2016 after reinforced monitoring efforts by the DED team.

Company News

Chopard showcases its High Jewelry and timepieces at the Abu Dhabi Festival 2017.

Chopard along with partner Al Manara International Jewellery this year renews its long-term partnership with the Abu Dhabi Festival. Chopard displayed exceptional High Jewelry and timepieces on the opening night of Abu Dhabi Festival. Chopard awards 4 leading international figures with specially-designed trophies, in grateful appreciation to their pioneering, lifetime contribution towards arts and culture.

Audemars Piguet to present Circadian Rhythm by Cheng Ran at Art Basel in Hong Kong.

Audemars Piguet will present a work by Chinese artist Cheng Ran on their stand in the Collectors Lounge at Art Basel Hong Kong. The work, entitled Circadian Rhythm, is part of a series of collaborations with artists giving expression to Audemars Piguet’s cultural and geographic origins. It represents the artist’s interpretation of the Manufacture’s home in the Swiss Jura Mountains, reflecting the watchmaker’s sense of deep-rooted history, its connections with nature and commitment to creativity, innovation and independence.

Bulgari unveils the new Fall Winter 2017 Accessories Collection.

Bulgari reveals the new Fall Winter 2017 Accessories Collection at the Bulgari Hotel during Milan Fashion Week’s seasonal momentum and announces the beautiful and talented Bella Hadid as Bulgari’s new Ambassador for its Accessories collections.

Officine Panerai announces Wallace Huo as its Brand Ambassador for Greater China.

Angelo Bonati, CEO of Officine Panerai, announces in Beijing the new collaboration, unveiling a journey of Wallace Huo in the city of Florence. Huo discovers the city’s iconic landmarks, which are deeply intertwined with the history of the brand. The collaboration between Panerai and the artist is aimed at raising familiarity among the Chinese on Panerai’s world and values.

TAG Heuer as an Official Timekeeper of the legendary Giro d’Italia.

TAG Heuer appointed as Partner of RCS Media Group, it represents the desire of two men, two company heads, two exceptional leaders, Urbano Cairo, President & CEO of RCS Media Group, and Jean-Claude Biver, CEO of TAG Heuer and President of the LVMH Group Watch division, to breathe new life into the world of cycling. TAG Heuer chosen as the Official Timekeeper of the legendary Giro d’Italia, which celebrates its 100th edition in 2017. All the races organised in Italy by RCS Media Group.

Chaumet celebrates International Women’s Day with the Four Seasons Abu Dhabi.

Chaumet, showcases their latest high & fine jewelry collections during the “Phenomenal Woman” high tea afternoon at the Four Seasons Abu Dhabi, for International Women’s Day on 8th of March 2017.

Product Launch

Arnold & Son pays tribute to the most prized bird of prey in an artful manner.

The Métiers d’Art HM Falcon Unique Piece from Arnold & Son will appeal to watch connoisseurs. The hand-painted miniature depicts a Falcon proudly perched atop a rock against the clear sky. The subtle, soft colours set off to perfection by the shimmer of the dial in white mother-of-pearl. The exclusive nature of this wonderful reference is underscored by its limitation to just one piece. The strap is hand-stitched brown or black alligator leather.

Baccarat & L’Epée 1839 presents Gold Sun Clock.

Sun clock is an ultra-exclusive wall clock, featuring essentially the same mechanisms as a wristwatch. The Sun Clock’s movement is engineered and crafted by L’Epée 1839, whereas the yellow gold crystal is engineered and crafted by Baccarat. Hours and minutes are indicated on the central skeleton movement by hand-manufactured and hand-polished hands. Baccarat handmade crystal trimmed with 20-carat gold (800/1000e) on the back of each of the sixteen beams. The gold plated is cautiously hand-applied by one of Baccarat’s most talented and experienced “doreuse”.

Hysek unveils Kalysta.

Hysek presents Kalysta "Twinkling Tale" with brilliant snow-set bezel establishes a link with the fourth Kalysta family, in rose gold. Here, the butterfly’s wings are spread, forming two skeletonised Dauphine hands. Set with a variety of diamonds, the minute track highlights Hysek’s four characteristic hour figures. Both white and black versions are available, sporting the same guilloché dial and snow-set bezel.

Richard Mille presents RM 50-03 McLaren F1 Tourbillon.

The new Richard Mille RM 50-03 McLaren F1 watch, making it the lightest split-second chronograph with a tourbillon the world has ever seen. The RM50-03 calibre weighs just 7 grams. The RM50-03 Calibre has a 70-hour power reserve which can be monitored by the indicator at 11 o'clock. Dial is in grade 5 titanium with black galvanic treatment. The bezel and case back feature Graph TPT™, a Carbon TPT™ whose physical properties have been considerably improved by the injection of graphene.

Montblanc presents the High Artistry Homage to Johannes Kepler Limited Edition.

Montblanc’s High Artistry Homage to Johannes Kepler Limited Edition as white gold of the cap top, cone and fittings contrast with the deep blue of the lacquer of the cap and barrel. Engraved on the nib, a drawing of Sun from the Epitome Astronomiae Copernicanae is enhanced with a single diamond. The dial is made of aventurine, while the bright sides of the four moons pieces are created out of white gold coated in palladium and the darker side are created by flaming treatment.

Celebrity News

Charlize Theron wears Chopard Jewelry to the 89th Annual Academy Awards.

Actress Charlize Theron wears earrings featuring a 25-carat pear-shaped D-flawless diamond and 26-carat heart-shaped D-flawless diamond, 4.55-carats of pear-shaped diamonds and 4.35-carats of brilliant-cut diamonds set in 18kt white ‘Fairmined’ gold from the “Garden of Kalahari Collection”.

Amy Adams shines in CINDY CHAO the Art Jewel to the 89th Academy Awards.

Amy Adams wears CINDY CHAO the Art Jewel to the 89th Academy Awards and the Vanity Fair Oscar Party hosted by Graydon Carter. Amy complemented her outfit with the Cindy Chao Four Seasons Branches Earrings. The Branches Earrings feature Asscher Cut Diamonds, set in White Gold.

Bella Hadid dazzles in Messika in Paris.

Bella Hadid wears Messika for her first Dior Makeup muse party in Paris. Bella added a touch of sparkling to her look with the Gatsby hoop earrings, a Glam'Azone choker and a Trio Thea necklace.

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