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Export statistics shows strong growth in line with the annual average; Breitling opens its first Boutique in Jeddah
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Market News
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Export statistics shows strong growth in line with the annual average
According to Federation of the Swiss watch industry FH, at over 2.4 billion francs in November (+10.9% compared with last year), Swiss watch exports recorded their best-ever performance. Growth remained high, in line with the average for the last ten months. The sector has exported the equivalent of 22.8 billion francs since the start of the year, 11.9% more than in 2021. The strongest contribution in absolute terms came from watches made from precious metals (+15.9%), which accounted for more than half the growth. The total number of items fell slightly (-2.0%), pulled down by steel watches (-16.4%) while the other materials category saw a marked increase (+43.8%). Nonetheless, the change in volume over eleven months was positive (+1.7%). |
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Company News
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Breitling opens its first Boutique in Jeddah
Breitling has opened the doors to its first boutique in Jeddah. The new boutique, which can be found in Roshana Mall, Al Tahlia Street, was officially opened by Sheikh Mohammed Al-Hussaini CEO of Al-Hussaini Trading Co and Aed Adwan, Managing Director, Breitling Middle East. Located on the ground floor of the popular shopping destination, the 123m² boutique showcases the brand’s now familiar industrial-loft design concept, complete with exposed ceilings and brick walls. At the centre of the new boutique is an eye-catching yellow grid panel stamped with a Breitling ‘B’. Wall-mounted propellers and surfboards, as well as unique artifacts guide visitors to explore the boutique’s Air, Sea and Land watches.
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Rebellion Timepieces welcomes Ronaldinho as brand Ambassador
Rebellion Timepieces has announced the arrival of a new ambassador of choice: the footballer Ronaldinho. What other footballer better embodies the passion for competition, the creative spirit, the resilience than Ronaldinho? A huge technician, his skill and speed on the field have led football fans to compare him to the King of football Pelé. His versatility with the ball has made him a true God of the sport. Unclassifiable, with his quirky personality, he takes pleasure in stepping out of his comfort zone and off the beaten track. Endowed with a whole character, it is without concession that Ronaldinho enjoys life! His bold, non-conformist style is a perfect match for Rebellion Timepieces.
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Bell & Ross announces a partnership with the Tara Ocean Foundation
Bell & Ross has recently announced its partnership with the Tara Ocean Foundation, the first foundation protecting the ocean that is recognised as promoting the public interest. It’s a strong commitment that embodies a value dear to Bell & Ross: expertise in action. This new partnership brings together two French organisations driven by the same values of exploration, precision and excellence. Through this new partnership, Bell & Ross aims to promote and support all of Tara Ocean Foundation’s actions and missions, whose primary objective is to “explore to understand and share to create change”. This partnership brings a new dimension to the Bell & Ross’ commitment to the seas, which goes beyond the simple idea of exploration for the sake of it. |
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Product Launch
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Girard-Perregaux presents Cosmos unique pieces
First released in 2019, the Cosmos wonderfully demonstrates Girard-Perregaux’s horological prowess. Equipped with three exceptional complications, the model encompasses technical virtuosity, uncompromising finishing and artisanal craftsmanship. Now, Girard-Perregaux has chosen to create three unique versions of this model featuring aventurine, obsidian and onyx, and, lastly, a combination of spectrolite and aventurine. These three models are the final edition of the Cosmos model and serve as a fitting swansong for this exceptional watch. The Cosmos is equipped with three complications, including a tourbillon, a mechanism designed to counter the adverse influence of gravity on the regulating organ. Presented at the base of the dial, the tourbillon features a titanium lyre-shaped cage. |
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Celebrate the festive season with Bil Arabi’s creations
There’s no better time to celebrate loved ones than the holiday season. Bil Arabi has curated the ideal holiday wish list for the upcoming festivities. These creations draw on the inherent beauty, calligraphic contour, and lyricism taken from the artistic shapes of the alphabet that nestle comfortably on your body. The edit consists of one-of-a-kind pieces from three Bil Arabi collections; a bracelet designed with precious stones, gold, and diamonds from the Hawa collection, a cuff from the brands’ best-selling Hob collection with the word “hob” which translates into love, and a ring and necklace from its latest Hobbi collection. The Hobbi collection is made up of refined designs that illuminate discreet eye-catching letters, adorned with diamonds, made into intertwining eternity rings, beautiful pendants, and bracelets. |
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Exhibitions & Events
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IEG: Top Jewellery Brands Set Trends at Vicenzaoro January
High and contemporary jewellery with all the very latest ideas from Made in Italy and the best in international design: top brands will be previewing at Vicenzaoro January (VOJ) - The Jewellery Boutique Show, amidst new arrivals and expected confirmations. With over 1200 exhibiting brands from 33 different countries, from Europe to Asia, Italian Exhibition Group's (IEG) international gold and jewellery show will be held at Vicenza Expo Centre from 20th to 24th January 2023, together with T.Gold, the international gold and jewellery technology and machinery show, and VO Vintage, the vintage watch and jewellery marketplace (20th – 23rd January 2023, open to the public). Setting the trends will be the creations in the ICON community, which hosts Italian and international luxury jewellery brands, as well as the contemporary jewellery in the LOOK community and the original proposals in The Design Room featuring the most sought-after designers. |
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GJEPC announces The Artisan Awards 2023 Theme – indiamoderne
The Gem & Jewellery Export Promotion Council (GJEPC) announces the launch of the 6th edition of The Artisan Awards, country’s premier jewellery design competition. The prestigious annual contest invites designers from India and overseas to submit their entries, showcasing excellence and innovation in jewellery design. The main theme for 2023 is indiamoderne, where the world of art will inspire jewellery design. If art mirrors life and reflects our ever-changing culture and identity in the global landscape, India’s new narrative tells a story of change, inclusion and modernism. The deadline for submitting entries is on December 31, 2022. For more information, log on to: www.theartisanawards.com |
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Revenue Dept. issues Notification for simplifying Jewellery E-Commerce by post: GJEPC
The Ministry of Finance through ‘Central Board Of Indirect Taxes And Customs’ Notification CBIC No. 104/2022- Customs (N.T.) and No. 103/2022-Customs (N.T.) dated 9th December 2022 has notified the Postal Export (Electronic Declaration and Processing) Regulations, 2022 and has amended the ‘Exports by Post’ Regulations 2018 respectively for allowing postal authorities to set up, operate and maintain the PBE (Postal Bill of Export) Automated System for filing of electronic declaration for export of goods through Post. The CBIC notifications would render the Postal exports through electronic and automated way thereby offering ease, transparency and reach for the MSME exporters spread across the length and breadth of the country. Further, the notification also provides for authorizing more post offices for accepting & booking export parcels which can be cleared at the linked Foreign post Office.
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