Market Report

Dubai to attract a growing numbers of high profile individuals

According to The Wealth Report, produced annually by Knight Frank in conjunction with Citi Private Bank, the distribution of the world’s super-rich is shifting. The report, which was released earlier this year, says the UAE will see a 25 percent increase in the number of centa-millionaires – those with at least $100 million in liquid assets – by 2016.

Market News

Dubai Duty Free posts sales up by 11 percent in H1

Dubai Duty Free has recently posted an 11 percent increase in sales resulting in USD772 million revenue for the first six months of the year. Perfumes and gold were among the top category positions with perfumes in particular showing strong growth with a sales increase of 16 percent to USD114.32 million. The retailer saw spending across all its three terminals business continued to increase. Sales in Terminal 2 grew 18 percent, followed by 11 percent in Terminal 1 sales and 10 percent increase in Terminal 3 sales.

Company News

LEVANT JEWELLERY opens its store at The ATLANTIS Resort

LEVANT - Dubai is now stretched out at The ATLANTIS Resort. This recently extended and innovated store entirely has the spacious collection of Jewellery and watches. The store is ready with a breathtaking platform having the most excellent collection of beautiful Jewellery and watches. From gold to the loved gem, and from the premium pearl to the startling diamond, LEVANT JEWELLERY offers ample range and is now a valued name in the world of fashion.

Bremont opens its first Store in London’s Mayfair

Bremont celebrates the opening of its first stand-alone store which will be located on South Audley Street, Mayfair. Joining an impressive line-up of high-end brands that include Purdey and Marc Jacobs, the boutique will showcase the Bremont collections as well as encompassing the heritage of the brand.

New Blacksand 32-foot Doug Wright catamaran won the Saratosa race

Blacksand Geneve has announced the sponsorship of the new 32-foot Doug Wright catamaran for the 28^th annual Suncoast Grand Prix. Although the boat wasn’t ready for the first Super Boat International (SBI) race this year in Cocoa Beach, Fla., last month, Gary Ballough’s new 32-foot Doug Wright catamaran has won on July 1^st 2012 race in Sarasota, Florida.

Product Launch

Hublot unveils the F1 King Power Great Britain

As the Official Watchmaker of Formula 1™, Hublot is proud to present the new F1™ King Power Great Britain, available in a limited edition of 250 numbered pieces. This F1™ King Power Great Britain is rendered unique by several features executed in a range of high-tech materials directly inspired by Formula 1™, such as the carbon fiber and ceramic bezel with a circular-grained satin finish, adorned with multiple holes evoking a high performance brake disc, as well as the push-buttons for starting and resetting, and a 30-minute to 3-hour counter. The strap is made from black alligator horn back stitched onto black rubber, with red stitching.

Girard-Perregaux Tourbillon with Three Gold Bridges

The Girard-Perregaux icon is enclosed in a round case, increased to a diameter of 41 millimetres, and exudes an elegance which is at once timeless and highly contemporary. The historic architecture of the Tourbillon with three gold Bridges has been augmented for a very limited edition of only 50 pieces.

F.P Journe presents the Octa Sport Indy 500 limited series

In commemoration of Jean Alesi’s participation to the emblematic Indianapolis 500 miles race, F.P.Journe has created a Limited Series of 99 pieces, the “Octa Sport Indy 500”, numbered 501 to 599. Inspired by the Octa Sport, it is produced in high technology Aluminium alloy used in the Aeronautics. The blackened Aluminium case with the black dial featuring, with the F.P.Journe Invenit et Fecit signature, the logos Indy 500, Lotus and Jean Alesi, reinforces the sportive aspect of this Limited Series in the category of watches associated with car races.

GRAHAM introduces the Chronofighter Oversize New Generation watches

Completely re-engineered, the Chronofighter Oversize features many characteristics which will help explorers of modern times to survive and move forward through real life conditions. Main features also include: 47 mm steel with black PVD case, calibre G1747, automatic chronograph, 25 jewels, 28’800 A/h (4Hz), Incabloc shock absorber, 48 hours power reserve, domed sapphire crystal with antireflective coating on both faces, smoked sapphire case back, integrated beige fabric strap.

Magellan presents its 1521 Flowers timepiece

The latest feminine creation of Magellan watches adopts a pop style, a revival of the 1960s that are once again all the rage. Lit up by colourful stylised flowers, the dials are one of a kind and each calls for 80 hours of work. Their motifs are delicately hand-painted on the varnished central globe and the Tahiti mother-of-pearl surround. Driven by a mechanical self-winding movement with a 24-hour indication by a sun-hand, the pop-chic 1521 Flowers timepiece features a PVD/CVD black-treated steel case fitted with an orange nubuck strap entirely in harmony with the planet of flowers.

Richard Mille announces new limited edition Tourbillon RM 022 Carbon

Richard Mille has announced a new limited edition RM 022 Carbon. This exciting edition of the RM 022 tourbillon “Aerodyne” Dual Time Zone combines orthorhombic honeycombed titanium aluminide and carbon nanofiber baseplate with an equally innovative, tough but lightweight case created from carbon nanotubes. The RM 022 Carbon is produced in a limited number of 5 pieces and will be available from July 2012 at selected retailers in Europe, the Middle East, Africa, and Russia.

RJ-Romain Jerome pays tribute to the most iconic of all emblems of liberty

On the occasion of the 125^th anniversary of the Statue of Liberty, RJ-Romain Jerome is unveiling the fruit of an unprecedented collaborative endeavour with The Statue of Liberty-Ellis Island Foundation and Gold Leaf Corporation. This encounter has resulted in a new RJ-Romain Jerome timepiece merging the brand DNA with that of Miss Liberty, thereby giving shape to a new symbolic legend: Liberty-DNA.

Damas launches its new diamond brand

Damas has recently launched its new diamond brand, OneSixEight.   OneSixEight, which refers to the number of hours in one week, captures the brilliance of diamonds in an extraordinary collection that is designed to be worn every day of the week, for all occasions.  Each piece highlights the bold beauty of a single solitaire diamond, accented by individually matched stones. The full collection, which includes earrings, pendants, necklaces, bracelets, bangles and seventeen different ring designs, is now available at 108 Damas stores throughout the UAE.

Aaron Shum Jewellery launches the Fauna and Flora collection from Gemtique

Aaron Shum Jewellery has launched two magical choices from GEMTIQUE collections - Fauna and Flora which flutter with life in a kaleidoscopic combination of SWAROVSKI Genuine Gemstones and a tasteful sprinkling of diamonds. Insects and animals are the emblems in GEMTIQUE’S Fauna collection. GEMTIQUE’s Flora collection on the other hand brings to life the beauty of the floral kingdom through its strikingly attractive and unusual colour combinations featuring passion topaz in various colours, amethysts, peridots, citrines and garnets, unveiling delightful jewels for any occasion and attire.    

Harvey Nichols introduces its Dubai Bridal Jewellery collection

Dubai’s premier fashion store Harvey Nichols has introduced a dedicated bridal collection within its luxurious Fine Jewellery & Watches Department located on level 1. This collection features bridal jewellery including rings, bracelets, earrings and necklaces that evoke a sense of classicism and romance. A selection of solitaire engagement rings and diamond wedding bands, drop and stud earrings, pendants, tennis bracelets and necklaces are available in 18 karat gold. Each style is timeless, elegant and effortlessly glamorous.

LIALI unveils handcrafted rings in its acclaimed Affair collection

This Eid, LIALI Jewellery has presented two exclusive handcrafted ring designs in its highly acclaimed Affair collection: a contemporary one which ‘swirls’ several rose and yellow gold bands across its wearer’s finger and dazzles with diamond brilliants and pave diamond settings while the other ring which replicates the similar design proposes black and white magic, being crafted entirely in white gold and featuring black and white diamonds. 

Celebrity News

Amber Le Bon wore Faberge to the Serpentine Gallery Summer Party in London

On 26^th June, Amber Le Bon chose to wear Faberge to the Serpentine Gallery Summer Party, at Kensington Gardens, London. She wore a rose gold and pink diamond Oeuf Zaritsa Pendant and rose gold and white diamond Oeuf Spirale Pendant from Les Favorites de Faberge Fine Jewellery collection of egg pendants.

Nicole Scherzinger and Audrina Patridge wears Glam Rock timepiece

Singer Nicole Scherzinger and actress/model Audrina Patridge have been caught wearing Glam Rock timepiece, dazzling the paparazzi limelight with the oak colors, and the snakeskin touch is catching the eyes of many more stylish personages very quickly.

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