Middle East Luxury market @ a click of a button; LVMH completes the acquisition of Tiffany & Co.; 32nd Edition of the OMEGA Dubai Desert Classic

   
 
 

Market News

 

Middle East Luxury market @ a click of a button

AWJ: A special talk with Yasmine Ghaemi – Associate Buyer - Ounass since 2018

We offer our customers quality and authenticity
We deliver in less than 2 hours within the city of Dubai
Our Jewellery department is continuously growing
Ecommerce shopping had historically been exclusive to millennials
Recent events have caused customers of all ages to shop online

Ounass is an online luxury platform in the Middle East that caters to Bahrain, Kuwait, Oman, Qatar, Saudi, and the UAE. With a goal of becoming the leading online retailer in the region, we are the definitive home of luxury. We provide our clients with the unique experience of simultaneously accessing a plethora of luxury brands, collections, and products; all within a click of a button! 

To meet the needs of all our customers, we offer additional services within our online platform. With “Personal Shopping”, our aware and alert team who are knowledgeable in the field of fashion, prioritize learning about our clients, and work one on one with them, in order to customize and cater directly to them. In addition, we have a “Read and Shop” section, which exposes customers to the highlights of each season, an “Influencer Closet” that uniquely allows customers to find their favorite influencers’ outfits, in order to embrace the individuals who inspire them most, as well as our “Amber” program, in which our customers obtain a certain number of points with every purchase, which can be used towards future purchases. 

At Ounass, our quality of service is what makes us stand out. Our customers depend on us in terms of quality and authenticity, our uniquely rapid delivery, which is less than only 2 hours in Dubai, as well as our pre and post-sales support that never cease to prioritize the satisfaction of our customers. 

Our jewelry department is continuously growing. We offer a wide range of pieces, in order to ensure that every one of our unique customers can find what they love. In our higher-price category, our Fine Jewelry options include alluring statement pieces, as well as beautiful dainty pieces that many customers choose to wear in layers. A medium price-range is our Demi Fine category that allows our customers to enjoy the feeling of luxury, with a lower price point. We put immense effort in choosing brands, and take pride in supporting talented artists in the region, as well as empowering skillful women at every opportunity possible. Our clients are very aware and fashion forward; therefore, we are constantly looking for ways to grow. We plan on complementing our existing jewelry department by introducing a wider variety of watches into our offerings, in order to become the one-stop destination for all our clients’ needs.

In a raging pandemic, its chaos, and consequential uncertainty, it is difficult to find silver linings. However, with lockdowns taking over the normalcy of our lives, a platform like Ounass that brings the exclusivity of luxury to our homes allows us to continue enjoying the benefits of retail therapy, and the irreplaceable joy of gifting ourselves and those around us. This has led to a significant shift in online shopping, as customers gain more trust in online platforms, their authenticity, quality, as well as the sizes and options that they offer. Ecommerce shopping had historically been exclusive to millennials; however, recent events have caused customers of all ages to have a larger appreciation for its convenience and dependability.

During a period in which we can’t socialize in person, and have to spend the majority of our time at home in leisurewear, we want something fun, quick, and accessible to change our mood and make us feel better. Ounass is that in all its glory. It’s easy, convenient and you are able to see everything at the same place in the comfort of your own home. We, as a platform, now, more than ever, have the task to create an environment where our clients can confidently depend on always having the newest and most relevant pieces catered to their needs. We’re very excited for the future, and can’t wait for the adventures of our new projects and accomplishments!

 

LVMH completes the acquisition of Tiffany & Co.

LVMH Moët Hennessy Louis Vuitton SE, the world’s leading luxury products group, announced that it has completed the acquisition of Tiffany & Co. (NYSE: TIF), the global luxury jeweler. The acquisition of this iconic US jeweler will deeply transform LVMH’s Watches & Jewelry division and complement LVMH’s 75 distinguished Maisons. In conjunction with the closing of the transaction, LVMH has announced several leadership appointments at Tiffany: Anthony Ledru, previously Executive Vice President, Global Commercial Activities at Louis Vuitton and formerly Senior Vice President of North America at Tiffany, becomes Chief Executive Officer of Tiffany, effective immediately. Alexandre Arnault, previously Chief Executive Officer of high-quality luggage company RIMOWA, becomes Executive Vice President, Product and Communications of Tiffany, effective immediately. Michael Burke, the Chairman and Chief Executive Officer of Louis Vuitton, will become Chairman of Tiffany Board of Directors.

 
 

Company News

 

32nd Edition of the OMEGA Dubai Desert Classic

OMEGA is once again poised to enjoy golfing excellence at the 32nd edition of the OMEGA Dubai Desert Classic, which will be held at the Emirates Golf Club from January 28th – 31st. The event will witness some of the game’s top players including OMEGA brand ambassadors Sergio Garcia, as well as Collin Morikawa, who will make his OMEGA Dubai Desert Classic debut at this year’s tournament. OMEGA has been the title sponsor of what is known as the ‘Major of the Middle East’ since 2010. The event will take place in line with international Covid-19 protocol for the safety of all those involved. Attendance at the event is for invited guests only but will be broadcast to a worldwide audience on mainstream sports networks, with exclusive content being shared on the social media channels of the OMEGA Dubai Desert Classic.

 

Montblanc appoints Laurent Lecamp as Managing Director of their Watch Division

Montblanc announced the official appointment of Laurent Lecamp as Managing Director of their Watch Division effective from January 1st 2021. Laurent Lecamp began his professional career at LVMH as Brand Manager Wine & Spirits in Switzerland, and since then has held various entrepreneurial and leadership roles within the watch industry. Besides co-founding his own watch brand Cyrus Watches in 2010; which he left after having selling his equity in 2014. Furthermore, Laurent has carried out numerous research projects and published books, before joining Carl F. Bucherer as Executive Vice President of Sales in 2014.

 

CYRUS GENEVA welcomes Maximilian Günther as exclusive ambassador

CYRUS GENEVA is honoured to welcome acclaimed German motor racing driver Maximilian Günther, as friend and exclusive ambassador of the brand. His passion for motor racing dates back to his childhood in 2005. In his first years of racing, he won multiple karting championships such as the ADAC Kart Masters in 2010. Since then, he never stopped to rack up victories. Among the various timepieces, Maximilian Günther chose the Cyrus Klepcys Chronograph in rose gold and black DLC steel. The Klepcys Chronograph, crafted in our Manufacture in Le Locle (Switzerland), is equipped with the self-winding calibre CYR314 and is completed by a black rubber strap with a folding clasp that has a mechanism for simple, quick size setting on the wrist requiring no tools.

 

IWC supports the World Cancer Day Solidarity Challenge

IWC Schaffhausen is to support the Union for International Cancer Control (UICC) in a new initiative enabling cyclists and sports lovers to play an active role in the global fight against cancer. The World Cancer Day Solidarity Challenge on February 4th will see celebrities and members of the public take part in online bike rides to raise awareness and money for the global fight against cancer impacted by the COVID-19 health crisis. As well as inviting employees, clients and ambassadors to participate, IWC will be the event’s official timing partner. Money raised from donations will go to the UICC, the largest and oldest global membership organization dedicated to the fight against cancer.

 
 

Product Launch

 

Presenting L.U.C XP Urushi Year of the Ox by Chopard

Elegance, opulence, mastery of ancestral techniques: the L.U.C collection once again picks up the aesthetic codes of the finest Asian craftsmanship to create the L.U.C XP Urushi Year of the Ox timepiece. Dedicated to this symbolic year conducive to harvests and wisdom, this 88-piece limited series is ultra-thin and exquisitely refined. Its Urushi lacquer dial made by Japanese master lacquer artisans reveals a scene evocative of ancestral toil, humble prosperity and timeless elegance. Its L.U.C 96.17-L in-house movement testifies to the horological expertise of the artisans at Chopard Manufacture.

 

BALL introduces Roadmaster Vanguard II

Now equipped with a virtually scratchproof ceramic bezel, the Roadmaster Vanguard II. More than just the world’s first automatic tool watch with dual time, day and date functions, it is a precise and powerful chronometer built for uncharted terrain. It invites adventure with 12-hour dual time functionality operated by two quick-set push buttons. It embraces the darkness with bold micro gas tube luminosity. And it handles adversity with traditions of toughness. The watch that once ran America’s railroads now empowers world explorers to live freely and fearlessly. Limited to 1,000 pieces each. 

 

Versus Silver Lake

Chic and sophisticated, Versus Silver Lake is a new watch presented in a bold red hue – celebrating Valentine’s Day and the Lunar New Year. Its small red dial, embellished with Swarovski crystals, is enclosed in an elegant see-through golden case that features a couple of 3D Versus Versace Lion Heads on the lugs, providing a strong reference to brand identity. The Versus Silver Lake collection has elegantly colored leather straps and is also available with classic mesh band. The timepiece will be available in stores from February.

 

Introducing Mas Jewels

Created with the notion to create an expression of identity, Mas Jewels is not only a fine jewellery label, but a concept that symbolises inner force and strength, undeterring resilience and an effortless grace. With an array of intricately detailed lines, the label celebrates the inner beauty of women; all whilst empowering them to be a force of change. The Dubai-based fine jewellery label has introduced four core collections, Hayma, Etala, Melikah and Sidra. Each one of these collections is designed with nature taking into mind; playing with design, detailing and concept. Moreover, the brand also highlights a superior sense of craftsmanship and technique.

 
 

Exhibitions & Events

 

IIJS Virtual 2.0 to put the Gem and Jewellery Industry back on the fast track

After the success of the first edition of India International Jewellery Show (IIJS) Virtual in October 2020, the Gem and Jewellery Export Promotion Council inaugurated the second edition of IIJS Virtual 2.0 powered by GIA in the presence of Colin Shah, Chairman, GJEPC; Vipul Shah, Vice Chairman, GJEPC; Shailesh Sangani, Convener, National Exhibitions; Sabyasachi Ray, ED, GJEPC amongst others. The show is held from 8th to 12th January 2021. The show has dedicated 5 Halls each for Traditional Gold Jewellery; Gold Jewellery (Mass); Diamond/Colour Gemstone Jewellery; Couture/Bridal Jewellery; Loose colour Gemstone/Silver jewellery / Machinery & Allied. There are 250 exhibitors and 8000+ registered buyers including international buyers from the US, UK, UAE, Singapore, Bangladesh, Nepal, Hong Kong, Belgium, Sri Lanka, Thailand, etc. More than 15000 meetings to be held over the 5 days of the show.

 
 
 
 

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