Market Report

Chopard & the Weinstein Company celebrated their partnership with the world of cinema

Chopard celebrated the latest partnership with the world of cinema at The Weinstein Company’s party to celebrate their films presented at the Cannes Film Festival. Chopard is the official partner of The Weinstein Company major 2013 events in connection with the most prestigious international awards ceremonies and film festivals.

Market News

de Grisogono €2 million necklace stolen at the Cannes Film Festival

de Grisogono’s necklace worth €2 million was stolen at the Cannes Film Festival. According to the jeweller, the piece went missing after its annual festival party held at the Eden Roc Hotel last Tuesday, despite over 80 security guards and local police being in attendance. "These incidents are rare; it is actually the first time it has happened in our 20-year history," said founder and creative designer Fawaz Gruosi. "However, when they occur one must be proactive and collaborate with the authorities". The theft marks the second high-profile jewellery robbery at this year's film festival. Over €1 million (£650,000) worth of Chopard jewellery was stolen from the Novotel hotel last week

Dubai a leading global diamond trading hubs

The Dubai Diamond Exchange (DDE) began its own rough diamond tenders in 2012, and having completed 10 successful diamond auctions, is noting the rise in auctions to a complete year of activity in 2013. The tenders feature rough diamonds from West Africa, Tanzania, Congo, Zimbabwe and Russia. This growth further underlines Dubai’s position as one of the leading global diamond trading hubs.

Company News

Richemont Group reported sales growth of $13 billion

Richemont Group has reported sales growth of 9% year on year to $13 billion for the fiscal year that ended on March 31. The luxury group confirmed growth across all of its segments and geographies. Retail sales jumped 11%, while wholesale revenue increased 7%. Profit surged 30% to $2.6 billion, which was in line with expectations. Jewelry sales rose 13% year on year to $6.7 billion, with strong sales at Cartier and Van Cleef & Arpels, Specialist watchmaker sales rose 18% to $985.8 million. Europe's sales jumped, the Asia Pacific region sales rose only 5%. Revenue across the Americas increased 11%, while sales in Japan improved 6%.

Audemars Piguet announced the release of the Defining Moments Video

Audemars Piguet launched the third video in its series of intimate discussions with the brand’s Ambassadors where they talk about defining moments in their careers. Sporting great, Leo Messi considered as the world best football player. The video depicts Leo Messi’s embodiment of Audemars Piguet’s spirit, “To break the rules, you must first master them”. His passion for the game drives him to constantly reinvent and raise the bar for himself and his teammates.

de Grisogono's Party during the 66th Annual Cannes Film Festival

de Grisogono’s ‘Seduction in Cannes’ party at the Eden Roc, Cap d’Antibes, celebrated the company’s 20th anniversary, is set to be the highlight of the Cannes Film Festival. To honor this momentous occasion, de Grisogono is unveiling a breath-taking 20th Anniversary Collection of High Jewellery.

Harrods celebrates 180 Years of Jaeger-LeCoultre

Harrods, its legendary windows on Brompton Road Showcase a large scale and immersive experience in real watchmaking with the Manufacture Jaeger-LeCoultre. This seminal exhibition brings together all major Metiers rares and the renowned Jaeger-LeCoultre Master Class, marking the 180th anniversary of the Manufacture.

Vacheron Constantin celebrated the opening of its first Boutique in Paris

Vacheron Constantin invited guests to two unique events to celebrate the opening of its first Boutique in Paris. An exceptional evening of ballet first brought them together at the Palais Garnier to honor the tercentenary of the French Dance School (Ecole française de danse) created by Louis XIV. During this event, guests could discover the unique timepieces Métiers d’Art Hommage à l’Art de la Danse, specially created for the occasion.

deLaCour sponsored the Asia Series 2013

The GT Asia Series is the premiere GT racing series in Asia and sees the worlds top GT3 race cars from all top marques compete head-to-head on the best tracks in the region. Each GT3 race car in the GT Asia series is driven by one or two drivers; one pro-driver and one non-pro-driver. deLaCour’s Lamborghini GT3 drivers are Tunku Hammam & Ro-Charlz.

Montegrappa "Icons Tribute to Elvis Presley" Pens

Montegrappa inaugurated its second century with a series of Elvis Presley pens, licensed by Elvis Presley Enterprises. The pens will be featured in Montegrappa’s popular “Icons” series, which pays tribute to globally-recognized individuals who have achieved greatness in a variety of fields, including music, movies and sports. Montegrappa celebrated the life of the universally admired performer with its “Icons Tribute to Elvis Presley,” in honor of Elvis.

Product Launch

UAE economic growth accelerates to 4.4% in 2012

Economic growth in the United Arab Emirates accelerated to 4.4 percent in inflation-adjusted terms in 2012 from a downwardly revised 3.9 percent the previous year as activity picked up across all sectors, according to the recent statement by the statistics office. All economic activities saw positive improvement in their growth rates in 2012, which has positively reflected on the value of the country's GDP it said. Oil prices averaged $112 per barrel last year, up from $109 in 2011, the office said, adding that the non-oil sector share on the Gulf country's real GDP was estimated at 67.3 percent in 2012. Analysts polled by Reuters in April forecast GDP growth in the UAE, the second largest Arab economy after Saudi Arabia, to slow to 3.3 percent this year.

Damas launches its new Bridal Collection

Damas has revealed its new Bridal Collection, created exclusively for the 2013 bridal season, with exquisite pieces bound to leave any bride sparkling on her big day. The inspirations of the new collection are romance and femininity. A special collection of twin rings is also available.

Celebrity News

Stars dazzled in Chopard at the 66th Cannes Film Festival

Marion Cotillard wore a pair of white gold earrings set with diamonds and white gold bracelet set with diamonds both from the Green Carpet Collection. Alyson Le Borges wore a titanium bracelet from the Red Carpet Collection set with round diamonds and an and white gold necklace set with pear-shaped diamonds and round brilliant cut diamonds. Selita Ebanks wore a titanium ring from the Red Carpet Collection set with one oval diamond and diamonds and a pair of platinum earrings set with fancy cut diamonds.

Tiffany & Co. Jewels star in the Great Gatsby

The Great Gatsby Collection by Tiffany & Co. inspired by the film and created in collaboration with Oscar winning costume designer Catherine Martin. The spectacular jewelry is based on designs from the Tiffany Archives and worn by the film’s all-star cast. Tiffany’s dazzling creations illuminate the characters’ rarefied world of New York penthouses and Long Island estates.

Clive Owen wore Jaeger-LeCoultre at Cannes Film Festival

Clive Owen wore a Jaeger-LeCoultre Master Grande Tradition à Tourbillon 43 watch both during the press-conference and on the Red Carpet at the film premiere in Cannes.

Carey Mulligan and Elizabeth Debicki in Tiffany Diamonds at the Cannes Film Festival Premiere of the Great Gatsby

Carey Mulligan and Elizabeth Debicki wore diamonds from the 2013 Tiffany Blue Book to the premiere of The Great Gatsby at the Cannes Film Festival.

Vahina Giocante wore jewels from Van Cleef & Arpels at the 66th Cannes Film Festival

Vahina Giocante wore Van Cleef & Arpels Lotus with white gold and diamonds and Flying Butterfly earrings with white gold and diamonds.

Hofit Golan dazzles in Avakian Jewellery at the 66th Cannes Film Festival

Golan wore Avakian Jewellery at the premier of Francois Ozon’s “Jeune & Jolie” in Cannes. She wore a pair of important chandelier diamond earrings comprised of fancy white diamonds and yellow diamond ring all from the exclusive Avakian collection.

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