UAE’s multi-millionaire population reaches 55,700 in 2016, Mid East Watch & Jewellery Show sees huge turnout at Expo Centre Sharjah, Abu Dhabi GDP to grow 3.16% in 2018.

   
 
 

Market News

 

UAE’s multi-millionaire population reaches 55,700 in 2016.

The UAE is slowly adding more multi-millionaires back to its wealthy population, with the number of high-net-worth individuals (HNWIs) reaching 55,700 in 2016 after plunging from a recent peak. The 2017 World Wealth Report released on Thursday by business consultancy Capgemini, showed that about 400 people joined the ranks of the UAE’s wealthy between 2015 and 2016.

The UAE’s rich population, which collectively holds US$ 195.3 billion in private wealth as of the latest analysis, had earlier slumped to 55,300 in 2015 from a recent high of 65,500 in 2014. 
 

Abu Dhabi GDP to grow 3.16% in 2018.

Abu Dhabi expects real GDP growth of 3.16 per cent in 2018, said Ahmed Ghannam, head of international relations at the Department of Economic Development of Abu Dhabi.

Bin Ganem was speaking at an event organised by Abu Dhabi Chamber of Commerce and Industry to strengthen the role of private sector in the economic development of Abu Dhabi.
 
 

Company News

 

Montblanc appoints Franck Juhel to head Middle East, India & Africa.

Montblanc announces the appointment of Franck Juhel as President of the luxury Maison’s operations across the Middle East, India and Africa. Based in Dubai, Mr. Juhel will be responsible for 33 markets, with a focus on strengthening key partnerships and accelerating the development of Montblanc in the region.
 

Chopard is honored to create The Green Carpet Fashion Awards.

Chopard is connected with The Green Carpet Fashion Awards which will be presented during the Milan Fashion Week, by the Camera Nazionale della Moda and Eco-Age, at the inaugural awards ceremony on September 24th at Teatro alla Scala.  The trophies, specially designed by Caroline Scheufele, Chopard Co-President and Creative Director, are made of ethical Fairmined certified gold and crafted in the High Jewellery workshops of the Maison.
 

Xander Schauffele is Audemars Piguet's newest Golf Ambassador.

Audemars Piguet expands its golf ambassador team with the appointment of PGA Tour rookie Xander Schauffele. Alexander Victor Schauffele, known as Xander, is one of the rising talents to watch on the American professional circuit. 
 

Chronométrie FERDINAND BERTHOUD launches the Chronomètre FERDINAND BERTHOUD FB 1.3.

Chronométrie FERDINAND BERTHOUD introduces the Chronomètre FERDINAND BERTHOUD FB 1.3 in partnership with Les Ambassadeurs. Karl-Friedrich Scheufele, President of Chronométrie FERDINAND BERTHOUD, duly handed Joachim Ziegler the first exclusive timepiece in this exclusive new 50-piece limited numbered edition.
 

BVLGARI celebrates SERPENTI FOREVER bags with NICHOLAS KIRKWOOD.

Bulgari celebrates the iconic SERPENTI FOREVER bags, with their signature enameled snakehead clasp, reinterpreted through the visionary eyes of shoe designer Nicholas Kirkwood at the Bulgari Hotel during Milan Fashion Week’s seasonal momentum. A new capsule collection that hypnotises with a highly distinctive studded chevron pattern. Sinuous zigzags cut across the prized leather, evoking the graphic scales and lithe movements of the serpent, a longstanding Bulgari icon.
 

Baume & Mercier collaborates with Fashion Forward Dubai season 10.

For the second year, Baume & Mercier will celebrate fashion and style as official timekeeper of the tenth season of the eminent event, Fashion Forward Dubai (FFWD). During this milestone year, Baume & Mercier takes its involvement a step further by collaborating with three significant regional designers, Hussein Bazaza, Zayan Ghandour and Rula Galayini, for an exclusive and creative fashion project. 
 
 

Product Launch

 

Carl F. Bucherer Patravi TravelTec in Black.

The Patravi TravelTec by Carl F. Bucherer in deep matt black with the DLC finish. The compelling deep matt black color of this timepiece is created by the unique blend of carbon material. The striking design is rounded off with a black dial offering a clear display of contrasting light-colored totalizators, indices, and scales.
 

Scuderia Ferrari reveals Primato watch collection.

The new Ferrari Primato collection chronograph styles operate with smooth precision to keep the Scuderia Ferrari aficionado on schedule. Produced in support of the manufacturer’s Scuderia Ferrari racing division, the Maranello Ferrari Design Team-produced piece features a carbon fiber 44 mm case and dial, stainless steel bezel, rotatable inner ring and a rich Cordura strap.
 

Boucheron presents Quatre Black Edition.

The Quatre “Black Edition” collection presents the first Quatre ring to feature white and black gold.  A glittering black, a black that is pure and perfect, which highlights the “clous de Paris” motif and exquisitely sets off the white gold.
 
 

Exhibitions & Events

 

Mid East Watch & Jewellery Show sees huge turnout at Expo Centre Sharjah.

According to the organizers of the Middle East Watch and Jewellery show over 500 exhibitors are taking part in this year’s event which kicked off on Tuesday in Sharjah, with companies seeking to expand and boost their presence in the UAE market.

The show, which will be held until October 7, was inaugurated by Shaikh Khaled Bin Abdullah Bin Sultan Al Qasimi, chairman of the Department of Seaports and Customs.

The UAE accounts for 14 per cent of the world’s gold trade, with the country’s gold trade volumes growing to Dh244.3 billion in 2016.
 

Van Cleef & Arpels at Saudi Design Week in Riyadh, KSA.

Over 50 local and international designers will come together at Saudi Design Week from 5 to 8 October this year in Riyadh. Saudi Design Week‘s theme this year is “Design in Motion”. To mark this occasion, The Maison invites jewelry admires to Couture and Movement, an exhibition and interpretation of Design in Motion, highlighting the play of volume and style within its High Jewelry creations.
 
 

Celebrity News

 

Celebrities dazzle with Chopard at the Venice Film Festival.

American Actress Susan Sarandon sparkles in white gold earrings set with pear-shaped diamonds and a bracelet from set with diamonds both from the High Jewelry Collection.

British Actress Helen Mirren shines in white gold earrings from the High Jewelry Collection set with pearls, rose-cut diamonds and diamonds. 

Brazilian Actress Bruna Marquezine wears white “Fairmined” gold pair of earrings from the Green Carpet Collection set with pear-shaped diamonds and diamonds. 
 
 
 
 

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