Richemont sales rise 2.8% to $4 billion in Fiscal Q3; LVMH announces Mr Francesco Trapani’s new role as adviser to the group’s chairman; Richemont applies to open stores in India

   
 
 

Market Report

 

Interview with Gaia Repossi, Artistic Director of Repossi Joailliers

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How would you describe your personal style? How does that manifest in your designs?

I would simply say that my style might be personal – that’s the best way to describe it. My work does not reflect a style but linearity in design that should last and be able to be continued.

Does your experience in art ever influence what you do with the jewelry? In what way?

Yes, of course. I treat my jewelry as sculptures, with an awareness and respect for the craft and the reality of the body, with a constricted sort of perfectionism adapted on the ergonomy of the body shapes.

Are there specific women you have in mind when you're designing, or is it more an idea of women in general?

It's more an idea of a silhouette, even more than a woman. It is more an imaginary universe around which the collection is developed and the references come before the shape and the actual silhouette that is a patron I work on.

How do you uphold the tradition of your family's house while still bringing in this artistic, cool, young spirit?
 
By still using the traditional crafts and asking them to evolve with new techniques and shapes make the whole combination evolve. The very new collections and pieces are new difficult challenge for the atelier, as well as for the market. Although renewal is essential, I would not approach my work in a different way. It would lead to stagnant designs and people would lose interest. It's important to promote these crafts and give them a chance for continuity beyond the necessity of evolving designs as well.

What is your favorite jewellery piece?

Rings, I think; they draw elegantly on the hands like no other piece. I am very proud of the Berbere ring of course. Cuffs have always been a medium of expression I always like to approach in wide and loud shapes.

In your opinion, what jewellery piece boosts a woman’s femininity?

A piece that elongates and follows the symmetry of the body. A jewel is not gracious and takes out a woman's femininity when it's bulky and suffocates or visually hides what matters the most – the woman wearing it.

What should every woman have in her jewellery box?

A double ring, a posh Berbere ring or a four row diamond Berbere ring. Some rose gold because it will look like a second skin jewel and will sparkle in a subtle way. And if she is not into rings, a simple Berbere small ear cuff.

In your opinion as an artist and a female, what are the best jewellery designs?

I like tribal or ancient references because there was this awareness we've lost in the western cultures of the symmetry of the body. Also, jewels which are interesting for their shapes or design more than for their value.

You have studied anthropological studies, what culture has influenced your work the most?

African and Northern African, mostly the nomadic Berberian tribes for their almost sensual appeal as well as their very radical modernity in terms of body ornament which I find elegant and refined.

Have you ever been to the Arab world, did the Arabian culture and art influence you with anything?

Yes, the Moucharaby Islamic influence and Mughal architecture were a true revelation to the point that I now enjoy patterns from industrial fences whenever the reference comes to my mind. And as I told you previously, the nomadic tribes were indeed an inspiration.

How did your designs evolve since you joined your family’s Jewellery house?

I tend to lighten the weight obsessively; the lines are purer, but they might be very complex again.

Did you have another choice than joining the family business?

I always say I would have been a renowned painter growing up. I used to paint passionately.

What part of the design process do you enjoy the most?

I would say the final result because I don't have peace before the item is not good enough. But I also enjoy the first part before it's even in process because that's when I see it [visualize it].

Do you wear your designs?

I wear the rings everyday yes, for some reason the ones that became the best sellers. Those feel timeless and work the most.

What are the upcoming trends?

I would say cleaner lines, graphic and complex patterns and wider stones set in a very complex way, we should be presenting soon. Also, fresh colours among the metals and profile variations among my favorite pieces.

 

 

 

 

 
 

Market News

 

Richemont sales rise 2.8% to $4 billion in Fiscal Q3

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Richemont sales increased by 2.8 percent on the year to $4 billion in its third fiscal quarter that ended on December 31. Sales at its jewelry brands grew by 3 percent to $2 billion. Revenue from its watch brands increased by 4 percent to $1.1 billion. In a breakdown of sales by region, the luxury retailer reported that sales in Europe, the Middle East and Africa posted the healthiest rise – up 7 percent to $1.48 billion. For the first nine months of its year, total sales climbed 4 percent on the same period a year earlier to $11.25 billion, while retail sales increased by 6 percent to $6 billion.

 

RJ-Romain Jerome presents an explosive cosmic collision

RJ-Romain Jerome offers a new perspective of its Moon-DNA collection by presenting four new 1969 timepieces. Introducing a retro, vintage design and a lighter 43mm case. The new 1969 timepieces reflect a nostalgic and bygone era of thin, geometrical clean lines combined with colourful, animated dials that will transport. RJ-Romain Jerome has chosen a type of meteorite much rarer than platinum or gold: Chon¬drites. This 1969 Meteorite satin-finished steel timepiece is tinted with man’s dreams of the great unknown as most Meteorites. Presented in blue, grey and brown, this natural translucent and very fragile element is coloured using a special PVD process giving the colours a textured finish highlighting each bold. Echoing the 1969 meteorite, the blue and grey Silicon dials are fitted in a satin-finished steel case the case backs are textured with a grainy stellar pattern

 
 

Company News

 

LVMH announces Mr Francesco Trapani’s new role as adviser to the group’s chairman

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Mr. Francesco Trapani has decided to relinquish his operational duties as head of Watches and Jewelry division from 1st March 2014. He becomes an adviser to Group Chairman, Mr. Bernard Arnault, on matters relating to the Group’s jewelry operations, and remains a Director on the Board of LVMH Moët Hennessy Louis Vuitton. The Group’s jewelry Maisons will now report to Mr. Belloni, LVMH Group Managing Director. Mr. Jean-Claude Biver, currently President of Hublot, will also take responsibility for the other watch brands TAG Heuer and Zenith.

 

Richemont applies to open stores in India

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Richemont is joining other well-known international retailers who have entered the Indian market since the country eased investment rules. Richemont has applied to enter in the 'single brand' retail space, where stores sell only one brand, for an initial investment of $5 million, a senior Indian government official told Reuters. In the single brand sector, India allows 100 percent foreign direct investment on condition that a third of materials used in products is sourced locally. Richemont said it planned to meet India's 30 percent sourcing requirement through the purchase of polished diamonds for the group as a whole using its India-based entity.

 

Montegrappa Italia Opens Its First Boutique in Saudi Arabia

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Montegrappa opened its first boutique in Saudi Arabia, at the Kingdom Centre in Riyadh. Ahmed Shaheen, GM of Paris Gallery, Saudi Arabia, cut the ribbon to mark the opening, with Giuseppe Aquila, CEO of Montegrappa Italia, in the presence of other prominent guests.

 

Bremont supports the British School of Watchmaking

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Bremont announces that it will be joining an elite group of leading brands and retailers including Rolex, Patek Philippe and Watches of Switzerland in nurturing homegrown horological talent by supporting the British School of Watchmaking (BSoW). Bremont is proud to be at the forefront of the revival of British watchmaking and the company is already on a long term staged investment program to develop mechanical watch manufacturing expertise in the UK where it will be assembling and finishing off key movement and case components in Henley-on-Thames.

 

Paris Gallery Awarded the 2013 MENA 'Luxury Retail Company of the Year'

Paris Gallery has been awarded the 2013 MENA Luxury Retail Company of the Year Award in recognition of it being one of the most progressive luxury retail chains in the MENA region. Paris Gallery, the flagship retail brand of the Paris Gallery Group of Companies, has over 3 million sq. ft. of luxurious shopping space in prime retail addresses across the GCC. The retailer showcases a premium assortment of over 500 international brands across several product categories that include fragrances, cosmetics, watches, sunglasses, and accessories.

 
 

Product Launch

 

OMEGA launches Seamaster Planet Ocean Orange Ceramic

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The OMEGA Seamaster Planet Ocean Orange Ceramic has a case crafted from 950-grade platinum with a bi-directional rotating bezel whose polished ring is made from orange ceramic, a world premiere. The domed scratch-resistant sapphire crystal, the sand-blasted 950-grade platinum dial complements the orange ceramic bezel ring and the dazzling platinum case. “Pt950” is engraved above the centre hole, identifying the material of the intriguing dial. The watch features an integrated orange leather strap with platinum stitching and a 950-grade platinum foldover clasp.

 

deLaCour presents the Leap/s Snow watch

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deLaCour revealed its newest collections and creations for 2014 which was shown last week in Geneva showroom. The Leap/s Snow slips into a refined winter coat, the dial to the tip of its horns. The pink gold case holds a diamond set dial enhanced by pink, blue or yellow sapphires making this timepiece sparkle and shine on every occasion.

 

Charriol reveals COLVMBVS Tourbillon

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Charriol presents the final addition to the Maison’s trio of handmade COLVMBVS watches. Charriol celebrated its 30th anniversary last year and marked the occasion by releasing a limited-edition series of three COLVMBVS ™ timepieces. The COLVMBVS™ Tourbillon features are around the 46mm case, a motif of interlocking teeth recalls a compass rose, inside the openwork oscillating weight is decorated with 12 gems. A sapphire glass case back, engraved with the profile of Christopher Columbus and the serial number of the timepiece, allows wearers to admire the handsome inner mechanics. This piece comes in a colourway of delicate pink, offset by blued steel hands, a chocolate brown sub-dial and four coordinating Roman numerals and a matching crocodile leather strap.

 

Frederique Constant is to present the 2014 Pre-Basel Novelties

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The Classics Manufacture Worldtimer from Frederique Constant launched in 2012 has lived up to the expectations of appreciative watch aficianados right across the globe. Both models are powered by the FC-718 Manufacture caliber, with 26 jewels and a 42-hour power reserve. Both of the new models are presented with three-part stainless steel cases, convex sapphire crystals and the exceptionally popular see-through case back. The second of the two new models is the FC-718WM4H6B. This model features an incredibly detailed silver world map at its center.

 

WEST END WATCH CO. unveils its new model SECUNDUS

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WEST END WATCH CO. presents the new automatic model SECUNDUS available in 2 versions - steel & bicolour 4N rose gold - and 2 colours of dials. The 2 versions SECUNDUS is of Double-curved sapphire crystal and Pure white dial with Roman figures and blue hands and Silver guilloché dial with Roman figures and 4N rose gold hands.

 
 

Celebrity News

 

Cate Blanchett Wears Chopard for the 71st Annual Golden Globe Awards

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Cate Blanchett Wore Chopard earrings from the Green Carpet Collection featuring marquise-cut white diamonds set in a laurel design, crafted in Fairmined white gold.  She also selected a white diamond line bracelet set in platinum and a white diamond ring featuring three stacked rows of brilliant-cut diamonds set in white gold to the 71st Annual Golden Globe Awards.

 
 
 
 

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