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Passenger numbers in Middle East to grow 5% annually, UAE to have a lasting legacy against blood diamonds, Chopard opens its new boutique in Al Khobar in the Kingdom of Saudi Arabia.
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Market News
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Passenger numbers in Middle East to grow 5% annually.
Passenger traffic in the Middle East is expected to grow by 5 per cent annually, with the region expected to see an extra 322 million passengers a year on routes to, from and within the region.
According to the latest report by the International Air Transport Association (IATA), total passenger traffic in the Middle East will reach 517 million passengers in 2036.
Globally, IATA expects 7.8 billion passengers to travel in 2036, a near doubling of the 4 billion air travellers expected to fly this year.
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UAE to have a lasting legacy against blood diamonds.
The UAE’s year-long chairmanship of the Kimberley Process (KP) will have a lasting impact in the struggle against the trade in blood diamonds, says Stephane Fischler, acting president of the World Diamond Council (WDC).
The Kimberley Process is the method set up by the WDC, national governments and NGOs to try to prevent blood diamonds those used to fund conflicts getting into international diamond markets.
Ahmad Bin Sulayem, chairman of the Dubai Multi Commodities Centre (DMCC), help the role of KP chairman on behalf of the UAE in 2016.
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Company News
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Chopard opens its new boutique in Al Khobar in the Kingdom of Saudi Arabia.
Chopard and Attar United officially opened the new Chopard boutique in Al Khobar, Saudi Arabia. The boutique is located on Al-Sheikh Avenue, one of the newest landmarks in the city. |
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Audemars Piguet and Asia Jewellers open re-designed boutique in MODA Mall, Bahrain.
Audemars Piguet has officially inaugurated its newly re-designed boutique in Bahrain together with partners Asia Jewellers. Located in MODA Mall’s Jewellery Court, the boutique was opened in the presence of Jasmine Audemars, Chairwoman of the Board, Olivier Audemars, Vice Chairman of the Board, and Nicolas Garzouzi, CEO Middle East, Audemars Piguet on 24th October 2017. |
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Kohei Uchimura joins Longines as the Ambassador of Elegance.
Japanese artistic gymnast Kohei Uchimura joins the prestigious family of Longines Ambassadors of Elegance. Kohei Uchimura is recognized by many as the best gymnast of all time. |
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De Bethune sells majority stake to an investment consortium.
De Bethune announces its decision to sell the majority of its capital to an investment consortium led by Pierre Jacques, former CEO of the brand, and private equity investor Giovanni Perin. Within the framework of this transaction, Denis Flageollet, co-founder and COO De Bethune, retains a substantial stake in the company. |
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Product Launch
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Audemars Piguet - New colors for the Millenary.
Audemars Piguet women’s watch designs do not only echo changing lifestyles. The Millenary is the perfect recipient for a little bit of wristband fun. Giving it a rubber, alligator, textile or even a velvet like finish, Audemars Piguet now offers an even larger choice of colours for its Millenary straps: blue, grey, red, pink, but also light green, or even purple. |
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MR.PORTER introduces Officine Panerai fine watches.
MR PORTER launches Officine Panerai with a curated selection of 25 timepieces from across the brand’s iconic Luminor and Radiomir collections, along with an Officine Panerai Table Clock, a transparent glass sphere with two fascinating views of the timepiece. |
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Greubel Forsey introduces The QP à Équation with Rhodium-Coloured Gold Dial.
Greubel Forsey QP à Equation dial indicates leap years, the 24 hours of the day and night. This new Millésime’s white gold case measures 43.5 mm by 16 mm thick and provides a simplified linear display. Herein lies the happy paradox of this piece: it is an ultra-complicated timepiece with its tourbillon and its complete equation of time perpetual calendar function, but it is as easy to use and adjust as a watch with three hands. Black alligator strap with white gold folding clasp. |
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Hermès launches Apple Watch Hermès Series 3.
Apple Watch Hermès Series 3 models come with built-in cellular and pair with a striking collection of new bands including the Single Tour Rallye in perforated Gala calfskin, inspired by the classic Hermès driving gloves, and the Single Tour Éperon d’Or in printed Gala calfskin, inspired by the equestrian scarf pattern designed by Henri d’Origny in 1974. |
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Pomellato presents Nudo Collection.
The new collection of NUDO, Stud earrings are featured for the first time together with rings, pendants and pendant earrings in brown and black diamonds. New stones such as iolite, rhodolite, mandarin garnet, essonite, peridot, red tourmaline, aquamarine further enrich the voluptuous color palette. |
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Exhibitions & Events
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Phillips sets new world record for a wristwatch at auction.
Phillips in Association with Bacs & Russo announces its inaugural New York sale realized $28,875,750 / CHF 28,806,448 / €57,682,198 - the highest total for a watch auction in US history. This historic and record-breaking saw global participation from collectors across 43 countries, and a packed saleroom of nearly 700 people enthusiastically vying for some of the finest watches in the world. |
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