Cartier wins 9th Cartier International Dubai Polo Challenge 2014; Dubai vying to be world’s next fashion capital; Saudi Arabia’s GDP grows 5.9 percent in 5 years

   
 
 

Interviews

 

Interview with Dante Del Vecchio, founder of Visconti

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1) The world passed through many changes since the 80s or since you launched Visconti,
 What changes have you seen in the market for fine writing instruments? How is Visconti adapting to changes in the market?

Since the 80s pens made a change from writing instruments to luxury goods and Visconti, who created the first limited edition of the history, is the company who caused the changes stimulating big brands to follow our innovative ideas. Visconti was able to turn pens, since its foundation, from writing instrument into a luxury collectible item.

2) How do you define luxury?

There are two types of luxury: bad and good. Bad luxury is a griffe were a non value item is sold at high price, like a T-Shirt. Good luxury is when a product as a value based on innovation and is lasting for a life. Visconti pens and watches are designed and manufactured to be life companions and its value is preserved for a life. Visconti pens are, and our watches will be, family values that will last from father to children.

3) Visconti celebrated its 25th anniversary by adding watches to its portfolio, why did you choose watches instead of other luxurious masculine items like leather goods or cufflinks for example?

Visconti in 1988 was able to bring back pen making in Florence and watches is the preservation of a Florentine tradition because watchmaking in Florence exist since before Second World War. Leather and cufflinks are Florentine traditions since ever therefore Visconti is able to perfectly fit into the city know how. Visconti claim is “Made in Florence” in our strategy is to define with our city our luxury perimeter and value.

4) What is Visconti’s core philosophy as the brand enters the watch industry?

Visconti is known for innovation and high design. We want to use the same tools for entering watches with a perceived value higher than the shop price.

5) How where the Visconti watches received in the market?

Like we did in pens 25 years ago we designed a watch very different from any other with a strong personality widely inspired from philosophy and mathematic , with a strong meaning to stay between tradition and innovation.  Our customers are those who appreciate creativity.

6) What is number of watches you will produce a year?

2013 we have produced and sold over 400 watches and in 2014 we are targeted to over 1.000 watches. Visconti sells yearly 85.000 writing instruments and we are approaching 1.000.000 pens sold.

7) Do you have any plans to experience more product segments?

Yes absolutely and we are rapidly raising the segment to collectible watches. Our watch experts have already worked in a Visconti caliber with our Swiss movement partners.

8) Do you have any plans to open stand alone boutiques?

Yes. Pens and watches are already in our range and in 2014 we are adding cufflinks and a new man leather line still super secret. Visconti in Florence opened its second boutique at the end of 2012, and we have many shops in shop around the world.

9) What is your most successful market for the Visconti brand?

Visconti since over 20 years is very strong in USA with over 200 boutiques. We are rapidly expanding in Middle East and Russia.

10) How are sales for Visconti in the Middle East? What is the contribution of the region to the company’s global sales?

Visconti only recently found a good partner in middle East and our 3 years BP is forecasting an increase at 2 numbers and in our plans ME will rapidly reach the 2/3 position in the world. Visconti high luxury and creativity is very well perceived in ME market.

11) How do you see the future of the writing instruments business and how will it continue to stay relevant in our digital society?

Is not easy to answer. Horses were a transportation tool in the 19century and today they are an entertainment passion. Pens will remain one of all best gifts because naturally connected with culture.

12) Which is your favorite writing instrument? Why? Are you a pen collector yourself?

Yes I am a pen collector and connoisseur. Between Visconti pens one of best designs ever is Divine Proportion, a perfect match of design, culture, and luxury inspired from Leonardo da Vinci and its Vitruvian man. I like to say that the best pen is the next.
In other brands a pen that I love is Mont Blanc Semiramis made in 1996.

13) What is your best selling writing instrument?

Is incredible to say Visconti has not a best seller because all our pens sell very well! Visconti strategy is to design a pen at every price point in regular editions with a different meaning.
Mercedes in cars has different design for each line, and like them we design a different pen for every emotion we want to sell.
Visconti “family feeling” is limited to the clip while each pen is different and targeted to many market segments.
In limited edition most of Visconti pens are sold out and our strategy is to limit each pen to a lower number of what we can sell. Therefore the collectible value is increasing day after day.

 

 

 

 
 
 

Market Report

 

Cartier wins 9th Cartier International Dubai Polo Challenge 2014

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Cartier won the prestigious Cartier International Dubai Polo Challenge. In final they defeated CNN 11.5 – 7. CNN, who were making their debut in this tournament’s final, had looked strong in the latter league stages, but struggled against an in-form Cartier team here this afternoon. The winning team patrons, Saeed Bin Drai and Adriano Agosti, received the trophy and winners’ prizes from HH Sheikh Mansour bin Mohammed Bin Rashid Al Maktoum, who attended the event on behalf of the tournament’s patron, HRH Princess Haya Bint Al Hussein. HH Sheikh Mansour was accompanied by Laurent Gaborit, Regional Managing Director of Cartier Middle East, India and Africa and Ali Albwardy, the owner of Desert Palm.

 
 

Market News

 

Dubai vying to be world’s next fashion capital

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Dubai’s designers said the city is great for new brands and entrepreneurs who want the world to take notice, with foreigners making up roughly 90 per cent of its population. Of $ 7.6 billion (Dh27.91 billion) spent in the Middle East on fashion in 2012, just under a third was spent in Dubai alone, according to Bain and Co.

 

Saudi Arabia’s GDP grows 5.9 percent in 5 years

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Saudi Arabia's GDP saw a significant growth in 2008-2013, becoming one of the best performing G20 economies, according to Arab News. The Kingdom's GDP averaged 5.9 percent during the five-year period. Its revenues and expenditures are expected to reach USD228 billion in 2014. Infrastructure investments among the kingdom are expected to rebound the non-oil private sector this year.

 

Abu Dhabi airport is used by 1.5m passengers in January 2014

Over 1.5 million passengers flew through Abu Dhabi International Airport in January 2014, marking a 14.5 per cent increase in passenger traffic over the same period last year, Abu Dhabi Airports said in a statement. Aircraft traffic also registered an increase of 7.7 per cent compared to January 2013 to reach a total of 11,972 movements. The current expansion of the airport is expected to increase its overall capacity to more than 40 million passengers per year.

 

Gold demand falls by 15% in 2013

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Gold demand fell 15 per cent in 2013 as huge outflows from physically backed investment funds outweighed record consumer demand, but that heavy disinvestment is tailing off this year, pointing to a recovery, the World Gold Council. Massive liquidation of bullion-backed exchange-traded funds returned 881 tonnes of gold to the market last year, part of a 51 per cent slump in investment demand to 773.3 tonnes. That helped drive gold prices to their biggest annual loss in 32 years, which in turn pushed up consumer buying of the metal. Demand for gold jewellery, coins and bars rose 21 per cent to its highest on record, at 3,863.5 tonnes, the WGC said.

 

Montegrappa "Icons" Ayrton Senna limited edition to be unveiled at Baselworld

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Montegrappa announces a special presentation of the Montegrappa ‘Icons’ Ayrton Senna Limited Edition in the company of Formula One Legend and Montegrappa Ambassador, Board Member and Shareholder, Jean Alesi. The presentation will take place on Monday, 31st March at our stand in BaselWorld. To honour Senna, in the year that marks the 20th Anniversary of his legacy, Montegrappa will issue a series of pens that encapsulate his spirit and his style. The Ayrton Senna Icons pens will be offered as fountain pens, roller balls and ballpoints in jet-black resin, each to mark the year of his birth. A solid sterling silver edition with cap and barrel engraved in low-relief will be available in a limited edition, each as fountain pens and roller balls, representing his tally of championship points; there is an exclusive solid gold version of fountain pens and roller balls, which represent his career of 20 years as a racing driver.

 
 

Company News

 

TAG Heuer taps Tamer Group as a Distributor in Saudi Arabia

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TAG Heuer has tapped Tamer Group of Saudi Arabia to further expand its fast-growing market in the Middle East. Under the agreement with Tamer Group, Tag Heuer watches will be available in all high-end Stores that are specializing in selling watches and high end accessories in KSA Market.  Among the selected distribution within the luxury flagship retailer Tamer started to distribute TAG Heuer within Paris Gallery. The agreement with TAG Heuer S.A. reflects the shared vision and aspirations of the two companies and the core values of Tamer Group that are enshrined in ethics, professionalism, and quality of service, innovation and trust.

 

Gc Collaborates with Shaadi Ke Side Effects as Official Time Partner

Gc signs up as the official timekeeper of the movie Shaadi Ke Side Effects. A modern day romantic comedy, it depicts the emotional trials and tribulations that accompany an Indian couple’s life after marriage. The highly malleable actress Vidya Balan is wearing the beautiful and charismatic Gc Femme. Vir Das wears the simple and suave Sports class XL and Sports class XXL Ceramic. With his statuesque character, Ram Kapoor wears the Gc Techno Class and the Gc-3 Chrono watches. Shaadi Ke Side Effects will be released worldwide on February 28th.

 

Rado is the Official Timekeeper of the BNP Paribas Showdown

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On March 3rd 2014 the stage is set for the tennis showdown to end all showdowns as tennis superstar and Rado brand ambassador Andy Murray faces the current world number two at legendary New York City venue Madison Square Garden. The BNP Paribas Showdown has become a key fixture in the sporting calendar since it was first played 7 years ago and it always attracts the biggest names in tennis.

 

GJEPC officially inaugurates Seventh edition of Signature show 2014

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The Gem and Jewellery Export Promotion Council officially inaugurates its Seventh edition of Signature in Mumbai on February 21, 2014, at the Bombay Convention & Exhibition Centre (NSE Complex), Mumbai; over 580 exhibitors and over 10,000 National and International visitors from 350 cities & towns across India and over 500 International visitors from 28 countries participated. The event was inaugurated by Chief Guest, H E Dr Hassan Fakhroo, The Honorable Minister of Commerce and Industry, Kingdom of Bahrain and Guest of Honour, Mr. Andrey Polyakov, Vice President, Alrosa, Russian Federation along with Shri. Vipul Shah, Chairman, GJEPC, Shri. Pankaj Parekh, Vice Chairman, GJEPC, Mr. Nirav Bhansali, Convener – Exhibitions Sub Committee (National), GJEPC, other senior officials from GJEPC and eminent members of the trade.

 

Angelina Jolie wore Tiffany & Co. jewellery at London’s BAFTA Awards

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Angelina Jolie in Elsa Peretti® Diamonds by the Yard® earrings - gold, at London’s BAFTA Awards 2014.

 
 

Product Launch

 

Arnold & Son Unveils the Royal TEC1 Chronograph

Arnold & Son presents the Tourbillon Chronograph: the Royal TEC1; In honour of their 250th Anniversary:  Arnold & Son’s new timepiece that underscores its commitment to Haute Horologerie finishing: hand-chamfered bridges with polished edges, fine circular graining and Côtes de Genève rayonnantes, all chronograph levers are satin-finished with hand-chamfered and polished edges, circular satin-finished wheels, and blued screws with bevelled and mirror-polished heads. The highlight of each watch is a red gold skeletonised rotor with brushed surfaces and chamfered polished edges. The Limited Edition 250th anniversary piece is crafted in red gold case and features a stunning blue lacquered guilloché dial. The Strap is in hand-stitched brown or black alligator leather.

 

JEANRICHARD launches new Aquascope timepiece

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JEANRICHARD launched the latest addition to its Aquascope collection. This new timepiece was conceived to celebrate the 150 years of Swiss-Japanese relations in 2014. The Aquascope is polished and vertically is in satin-finished stainless steel case and circular satin-finished stainless steel bezel. White, grey, blue or black “Hokusai” style engraved dial. Applied with rhodium-coated indexes with luminescent material. Blue or black rubber strap or stainless steel bracelet with stainless steel folding or butterfly buckle.

 

SAINT HONORE presents the new Lutecia GMT

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Lutecia, the centrepiece of the SAINT HONORE collection, now comes in an exclusive GMT version. The new Lutecia, with its “cushion” shape and round opening, the case is available in several finishes: Stainless steel, two-tone, rose-gold, PVD with a Titanium or bronze finish. The sapphire crystal offers a view of the magnificent dial with its exceptional finishes, which include applied steel hour markers, oversized Roman numerals, the prestigious GMT mark, the “glaive”-style hands are covered in luminescent white pigments, making it easy to read the time in all light conditions. The GMT hand is a different shape and thickness, ensuring the two time zones can be distinguished at a glance, Mounted on a brown or black leather strap.

 

Perrelet reveals TURBINE XL VEGAS collection

Perrelet presents the TURBINE XL VEGAS collection, with three new models: Turbine XL Poker; Turbine XL Playing with Fire; Turbine XL Roulette. The Turbine XL Poker conceals a winning hand that is only revealed when the titanium turbine spins at full speed and turn by turn displays a fan of cards decorating the under-dial: a pair of sevens and two Royal Flushes, one spades and one hearts. The Turbine XL Playing with Fire is in a golden base radiantly illuminates the black case, According to the speed of the turbine’s rotation, the gold shines, erupting in glowing splendour between the blades.

 
 

Exhibitions & Events

 

Gem & Jewellery Export Promotion Council to host the ‘TRENDVISION Jewellery + Forecasting Seminar’

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The Gem & Jewellery Export Promotion Council (GJEPC) will organize a Trends Seminar about Jewellery powered by TRENDVISION Jewellery + Forecasting on February 25 and 26, 2014 in Mumbai. The two day seminar aims at educating the members and students of Gem & Jewellery Industry on latest jewellery trends of specific markets namely Europe and USA. TRENDVISION Jewellery + Forecasting, an internationally renowned consulting firm based in Italy and also an Independent division of Fiera di Vicenza (Vicenza Fair) has been selected to conduct this prestigious Seminar cum Workshop.

 

Van Cleef & Arpels partners with Design Days Dubai

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Maison Van Cleef & Arpels is sponsor and partner of Design Days Dubai for the third consecutive year. A unique concept in the Middle East, this fair is dedicated to bring the most exclusive purchasable and limited-edition designs to the region. The Maison presents this year In Praise of Hands, an exhibition on the art of Jewelry that pays homage to the expert hands: the Mains d’Or™. This exhibition celebrates the legendary skilled hands who dedicate countless hours of meticulous work and devote their ancestral expertise to transform objects into meaningful precious jewels.

 
 
 
 

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