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World Watch Day Officially Launched; David Webb Acquired by Private Investment Firm Middle West Partners
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Market News
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World Watch Day Officially Launched
The announcement was officially made on 7th April 2025 at Watches & Wonders, during a panel held in the main auditorium focused on horology and UNESCO’s Intangible Cultural Heritage of Humanity. World Watch Day is an open invitation to share the passion of watchmaking in all its forms. It will take place each year on October 10, echoing the traditional display of 10:10 on watch dials - a quiet symbol of balance, beauty, and joy in timekeeping. On October 10, 2025, the very first edition of World Watch Day will stream online, following time zones from East to West. In the spirit of shared celebration, the day will be animated by media outlets, associations, collectors’ clubs, and content creators from all over the world. Throughout the day, watchmaking will be explored in all its dimensions - from culture to science, from economics to sport, from traditional craftsmanship to contemporary art. |
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David Webb Acquired by Private Investment Firm Middle West Partners
Investment Group Middle West Partners has acquired David Webb Holdings LLC (“David Webb”), a storied American jewelry house known for its bold, colorful designs and master craftsmanship. Founded in 1948 by visionary jeweler David Webb, the house has long been celebrated for its signature animal motifs, intricate gold work, and exquisite use of vibrant gemstones. David Webb’s creations have adorned Hollywood icons, fashion elites, and collectors with an appreciation for distinctive, statement-making jewelry. The investment group will take a careful, long-term view on growth, focusing on the house’s retail footprint, its marketing and events, and its team, while helping to support its existing customer relationships and highly-personalized customer experience. |
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The Impact of US Reciprocal Tariff on Indian Gem and Jewellery Trade
Indian gem & jewellery industry, like the rest of the world, is trying to analyse the evolving global economic landscape due to the reciprocal tariff announcement by USA on countries worldwide. The Trump administration’s announcement of a 27% reciprocal tariff on Indian gem and jewellery exports to the US would be a significant burden on Indian exporters and American consumers alike. While the tariff’s application to competing nations presents both challenges and opportunities, it is likely to significantly impact India’s diamond and jewellery sector—a cornerstone of its exports to the US. |
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Company News
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FerriFirenze Presents Its Haute Couture Line at Haute Jewels Geneva
FerriFirenze showcased its craftsmanship at Haute Jewels Geneva, introducing two new collections - Cucito and Edera - along with fresh pieces in the White Wonders line. The Italian jeweller presented an extraordinary experience for its clientele at the Intercontinental Hotel in Geneva. Renowned for its “Made in Italy” heritage and meticulously handcrafted creations, FerriFirenze is an award-winning Florentine luxury jewellery atelier established in a historic 16th-century villa on the fringes of the Tuscan capital – the birthplace of the Renaissance. Founded by Ilaria Furlotti and master craftsman Giulio Ferrari, the atelier embodies a deep appreciation for Italy’s artisanal heritage and family connections. |
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Damiani Reports Double-Digit Growth in 2024, Surpassing Expectations
Better than forecasted, the Damiani Group closed its annual financial statements as of 31 March 2025 with consolidated revenues exceeding 380 million euros - an increase of more than 10% compared to the previous year. 2024 proved to be a particularly difficult year for the luxury sector, during which many players, even in leadership positions, recorded negative performances. In such a complex context, the results achieved by the Group take on an even greater significance. The 24/25 financial year also saw significant investments being poured into the retail channel, with numerous openings globally, particularly in the Middle East. In this region, the first boutique was inaugurated in the past few days in Riyadh - Saudi Arabia, marking the Maison’s début in this high-potential market.
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Kismet By Milka Marks 15 Years with Iconic Designs Starring Eva Herzigova
Kismet By Milka is celebrating its 15th anniversary with the “The Icons” campaign, in collaboration with world-renowned model Eva Herzigova. Shot in London, the campaign features the celebrated model and is captured by award-winning fashion photographer Cüneyt Akeroglu. The shoot highlights Kismet By Milka's iconic designs from its 15-year journey, as well as the specially prepared “Fifteen” collection for this milestone. Kismet By Milka is celebrating its 15th year with a series of exciting and diverse projects. The brand showcases its iconic designs alongside iconic model Eva Herzigova in the “The Icons” campaign, while also emphasizing the brand’s successful story from past to present. |
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Product Launch
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Jaeger-LeCoultre Introduces Reverso Tribute Duoface Small Seconds
Underlining the timeless modernity of the Reverso’s unique swivelling case and Art Deco design, Jaeger-LeCoultre presents two new versions of the Reverso Tribute Duoface Small Seconds. With a choice of pure black or vivid blue and a redesigned reverse dial, the new models pay homage to the coloured dials introduced on the earliest Reverso models of the 1930s. Building on this legacy, in 2025, the Reverso Tribute Duoface Small Seconds displays a different time zone on each dial. In addition, the front dial features a small seconds register and the reverse dial a 24-hour/night-and-day display. Shaped to fit the rectangular Reverso case, the hand-wound Calibre 854 is designed so that the minutes on both dials and the hours on the front dial can be adjusted by the crown, while the hours for the second time zone are adjusted by a small slider set into the top case-band.
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Moritz Grossmann Presents Sixteen One-Of-A-Kind Watches in Collaboration with Max Frintrop
The Moritz Grossmann manufactory in Glashütte has been crafting the finest watches with intricate details and first-class quality since 2008. Together with German painter Max Frintrop, the company now unveils a spectacular special model in a strictly limited edition. Each of the sixteen one-of-a-kind pieces in the ART EDITION Max Frintrop collection features a dial created using fragments of the intriguing and breathtakingly beautiful top layer of Max Frintrop’s studio floor – here, years of artistic expression have resulted in a mille-feuille of superimposed paint glazes reminiscent of geological substrates.
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Exhibitions & Events
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Oroarezzo 2025 Launches Made in Italy Manufacturing Around the World
The Made in Italy gold and silver manufacturing supply chain is ready for the 44th Oroarezzo. In the halls of Arezzo Fiere e Congressi this coming 10 to 13 May, Italian Exhibition Group’s (IEG) b2b show will gather together leading companies and international buyers. Starting with those from the “home” district, whose main destinations are Turkey, to which, in the first nine months of 2024, about 60% of exports for a value of over 3 billion euros were directed, the Arab Emirates for 10%, the United States with 6.8%, France with 3.4% and Hong Kong 2.9% (Source: Federorafi/Mediobanca). |
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Celebrity News
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Sofia Carson Wears Chopard to Netflix's "The Life List" New York Premiere
On 25th March 2025, Sofia Carson attended Netflix's "The Life List" New York Premiere wearing jewelry by Chopard. Sofia Carson sparkled in earrings in 18k white gold from the Haute Joaillerie Collection featuring 26.82-carats of diamonds. |
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