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Dubai’s 2018 budget approved with expenditure of Dh56.6 billion, The Bulgari Resort Dubai opens in Jumeira Bay Island, Cartier announces the direct management of its Riyadh boutiques from November.
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Market News
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Dubai’s 2018 budget approved with expenditure of Dh56.6 billion.
In Dubai’s largest public budget ever, the emirate saw a marked increase in spending, primarily on infrastructure, while achieving an operating surplus of Dh2.5 billion.
In his capacity as the Ruler of Dubai, Vice President and Prime Minister of the UAE, His Highness Shaikh Mohammad Bin Rashid Al Maktoum approved the Government of Dubai’s 2018 General Budget Law No (21) for the year 2017 on Sunday, with a total of Dh56.6 billion earmarked for expenditure.
Featuring a 19.5 per cent year-on-year increase, the budget for the fiscal year 2018 comes in line with the Dubai Strategic Plan 2021’s targets.
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The Bulgari Resort Dubai opens in Jumeira Bay Island.
Bulgari’s latest luxury resort has finally opened its doors in Dubai. Located on Jumeira Bay Is-land, Bulgari unveiled its fifth and newest property, the Bulgari Resort Dubai, to great excite-ment from the public. |
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Cartier announces the direct management of its Riyadh boutiques from November 2017.
Cartier's ambition is to continuously improve the quality of service for its loyal Saudi clients and bring excellence to the Cartier boutiques in Riyadh by showcasing its unique creations.
This is a new page in Cartier's development and contribution to the inspiring 2030 Saudi Arabia's vision for the future.
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Company News
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Audemars Piguet unveils details of Slow-moving Luminaries by Lars Jan.
Audemars Piguet announces further details of its 3rd Art Commission, Slow-Moving Luminaries, to be presented on the oceanfront during Art Basel in Miami Beach 2017. The large-scale immersive installation by multidisciplinary artist Lars Jan, overseen by 2017 commission guest-curator Kathleen Forde, will be unveiled today the 5th December 2017. |
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Rubaiyat opens its first jewelry and watches store in Jeddah.
Rubaiyat inaugurates its first jewelry and watches department store retailing around 17 leading luxury brands of jewelry, and watches. Located in Jameel Square, Prince Mohammed bin Abdulaziz Street (Tahlia Street), Jeddah. |
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Chopard gents’ gathering in Kuwait.
Chopard along with partner Trafalgar welcomed watch aficionados and collectors at La Hoja Lounge Café in Kuwait for a special gents evening honoring the ultimate craftsmanship and savoir-faire of the Swiss Maison. |
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Baume & Mercier shining in the watch industry for almost two centuries.
The Baume & Mercier produces all its watches in the Swiss Jura and adopts a deliberate historical approach – known as “établissage” – that has shaped its success. Baume & Mercier as one of the oldest Swiss watch Maisons, has been shining in the watch industry firmament for almost two centuries. In contemporary language, this term refers to in-house mastery of the key stages of watch development, assembly, quality control and maintenance, and calls upon the finest watch specialists to produce its components. |
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Product Launch
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TAG Heuer launched on MR PORTER.
MR PORTER expand its collaboration with TAG Heuer on 21 November 2017. After the success of the TAG Heuer Connected Modular 45 Kingsman Edition, MR PORTER will launch a curated selection of more than 30 timepieces across the brands iconic TAG Heuer Carrera, Aquaracer, TAG Heuer Formula 1, Monaco, Autavia, and Connected Modular 45 models. |
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Vacheron Constantin introduces Overseas Dual Time.
The new Overseas Dual Time model equipped with an inhouse movement enabling simultaneous reading of two time zones governed by particularly user-friendly handling and enhanced by three interchangeable bracelet/straps in steel, leather or rubber. |
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Hermès introduces Nantucket Jeté de diamants.
Nantucket Jeté de diamants becomes a relaxed piece of daytime jewellery. Crafted in steel, it is fitted with a choice of single tour alligator straps in smooth ember or matte toupe, Mykonos blue, cactus green, abysse blue, black variations. |
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Exhibitions & Events
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BVLGARI celebrates premiere of Festa High Jewellery Collection in Beijing.
Bulgari hosted the premiere of its Festa High Jewellery Collection at the Bulgari Hotel Beijing. A collection that is an homage to both the legend of regal feasts and the essence of the Italian way of life. Among those in attendance were Bulgari Group CEO Jean-Christophe Babin, Bulgari Brand Ambassadors Lily Aldridge, Shu Qi and Kris Wu. Famous actress Kara Wai, many socialites and representatives from well-known media also came to witness the joy of Italian art de vivre epitomized by Bulgari. |
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Celebrity News
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Sonam Kapoor dazzles in Chopard at the 2017 Dubai International Film Festival
Indian actress Sonam Kapoor shines in earrings in 18ct white gold set with pear-shaped diamonds and diamonds from the High Jewelry Collection. |
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