Dubai airports expected to see 100m passengers in 2017, Gang arrested for robbing Dh10m gems in Dubai, LVMH first quarter sale increase by 15% in 2017.

   
 
 

Market Report

 

Bulgari Opens The Most Important Jewellery Manufacturing Facility In Europe.

By AWJ Reporter Victoria Townsend: March 17 2017 marked the official opening of the most important jewellery manufacturing facility in Europe, when Bulgari Group CEO Jean-Christophe Babin welcomed national and local dignitaries, guests and the press to the luxury brand’s new ‘Manifattura’ in Valenza, Italy, just 90 minutes southwest of Milano.
Described by CEO Babin as a “day of celebration” … of many things: “of 6,000 years of goldsmithing, of Valenza, of craftsmanship made by passionate hands for over 130 years at Bulgari, of jewellery making, of ‘Made in Italy’, of tradition, of the Bulgari family, of positivity with the creation of new jobs,  of gender equality, of ambition” and much, much more, the 14,000 square meters facility has already started to produce all the brand’s main jewellery collections, including the B.zero1, Serpenti, Diva, BVLGARI-BVLGARI and Parentesi lines.  Designs for these creations continue to be made at the brand’s head office and facility in Rome.

The site, designed and established with responsible development for both employee and environmental concerns, complements those in Rome, where one-of-a-kind pieces are crafted, and Florence, Lodi and Como, where respectively, accessories, perfumes and silk are produced, all according to the highest levels of Italian aesthetics and quality.

The Site
Two different buildings of very different architectural style greet the visitor upon arrival. The first, the Cascina dell’Orefice, housed the first goldsmith in the region – Francesco Caramora -- at the beginning of the 19th century.  Restored to pay tribute to his installation and craftsmanship that gave birth to the development of what was then a rural village into the city of Valenza today, internationally renowned for its Italian goldsmithing, the building now houses offices and conference rooms.  It adjoins a new wing, completely encased in glass, called the Glass House, adjacent to the production building built on three floors with a wide inner courtyard of 600 square meters.  

The Bulgari Jewellery Academy
Production at the Manufacture Bulgari began in January 2017, prior to the official inauguration.  Approximately 400 employees already work there, with the aim to hire 300 more by 2020, for a total capacity of 700 people.    In order to perpetuate the development of the region, and crafts that include goldsmithing and gem setting, the Maison has created the Bulgari Jewellery Academy within the new facility.  This school of jewellery-making know-how opened in March 2017 with the first 21 young jewellery trainees.  Total capacity is 42 students, who train for a four month period, with the best one offered employment at Bulgari.

Production
Inside the production building, we discover the first department that makes rubber molds that are filled with melted gold; followed by the industrial department that makes tubogas, all the jewellery components, and special orders; and thirdly, the refining and cleaning department that also controls all the elements that then go to be assembled, or directly delivered to retailers in the case of, eg certain bracelets.

Elements are received “somewhat like a luxurious Ikea kit”, our guide tells us, in a “product island” with each island responsible for the finishing and assembly of one line in particular.  Every person who works within each product island masters all the necessary steps within his craft, whether, for example, engraving, polishing, or gem-setting.  A total of eighteen islands will function when the facility reaches full capacity.

“Eight islands are in activity now”, says Nicolò Rapone, Project Director for the Manufacture, in a private interview with AWJ, “with ten more to be opened by 2019”.   Rapone tells us that “two entire islands are dedicated to the pillar of the brand, the ‘B-01’, with any other island able to take on additional production of the ‘B-01’ if necessary”.  The craftspeople in the “islands” create everything from entry level pieces up to high jewellery, everything except the unique high jewellery pieces created in Rome.
After ‘B-01’, Rapone cites the other product lines in order of importance:  Serpenti, Diva – “a young pillar”, he says, “growing a lot especially in the Middle East”, followed by Bvlgari-Bvlgari and Parentesi. 
“We buy pure gold, and produce our own here depending upon the colour of gold required” explains Rapone, “with raw materials that are certified by the Responsible Jewellery Council since 2006.  In 2011 we obtained the “Code of Practices” certification, and in 2016 the Chain of Custody dedicated to gold from no-conflict area.  We were the first big jeweller in the world to have this.”

Rapone estimates that with Cartier leading the jewellery market worldwide, Bulgari is in second position followed by “perhaps” Van Cleef & Arpels and Tiffany.  “With this new site we have tripled our capacity, and, stimulated by great communications and investment, not just in our facilities but also in our distribution, and by the reinvention of our old collections with new creativity, we are aiming to develop” he says.  “Despite economic difficulties in various parts of the globe, growth is there, in Europe, in America for high jewellery, the Chinese are buying in the UK, other Asian countries are developing, as is the Middle East.”

Amid a busy day that included the opening ceremony and production visits, one of the most touching moments came from Nicolas Bulgari telling us how he would have loved for his father Giorgio, and grand-father Sotirio who came from Greece and founded the company in Rome in  1884,  to be there for the inauguration.       

Italy is still today the world’s largest producer and exporter of jewellery.

End

 
 

Market News

 

Dubai airports expected to see 100m passengers in 2017.

Dubai’s two airports are likely to welcome a combined total of 100 million passengers by the end of 2017, according to Paul Griffiths, chief executive officer of Dubai Airports. 
In 2016, Dubai International welcomed 83.6 million passengers, marking a 7.2 per cent increase year-on-year. The airport is one of the world’s busiest, following airports in Atlanta in the US and Beijing. 

 

Gang arrested for robbing Dh10m gems in Dubai.

Dubai Police have arrested a gang of three Asian men who robbed precious gemstones worth Dh10.8 million from a company in Al Barsha area, police said on Tuesday. Major General Khalil Ebrahim Al Mansouri, assistant to the Dubai Police Chief for Criminal Investigation Affairs, said the gang were arrested shortly after they committed the robbery earlier this month.
He said they received a call from a European man who owned the company saying that his gems were stolen. 

 

LVMH first quarter sale increase by 15% in 2017.

LVMH Moët Hennessy Louis Vuitton, records revenue of 9.9 billion Euros for the first quarter 2017, an increase of 15%. Organic revenue growth was 13% compared to the same period of 2016, an increase attributable to all business groups. Positive growth was achieved in Asia, Europe and the US.  
The Watches & Jewelry business group records organic revenue growth of 11% in the first quarter of 2017. Bvlgari gained market share and continued to innovate with new models in its emblematic jewelry lines. TAG Heuer successfully launched its new Connected Modular 45 watch. Several innovations presented by LVMH's watch brands at the Baselworld watch fair were given an excellent reception, including a new edition of the Autavia by TAG Heuer, the  new  Octo  Finissimo  Automatic  and  Serpenti  Skin  watches  by  Bvlgari  and  the  Defy  El Primero 21 by Zenith.

 
 

Company News

 

Ahmed Seddiqi & Sons presents its selection of standout pieces from this year’s novelties.

Ahmed Seddiqi & Sons, presents its selection of standout pieces from the 2017 SIHH and Baselworld exhibitions that are now available throughout the retailer’s considerable network of boutiques. 
The much anticipated presentation, held at Elevate, Viceroy, The Palm Jumeirah, included highlights from among Ahmed Seddiqi & Sons portfolio of brands such as Rolex, Chopard, Hublot, Bulgari, F.P. Journe, Audemars Piguet, Ressence, and much more.

 

Ulysse Nardin introduces Elina Svitolina as their Ambassador.

Elina Svitolina, the professional woman tennis player from Ukraine visited the manufacture of the brand Ulysse Nardin. Ranked actually at the 13th in the WTA, Elina Svitolina becomes an Ambassador of Ulysse Nardin. Accompanied by Patrik Hoffmann, CEO of Ulysse Nardin, Elina Svitolina visited the workshops of the movement manufacture of the brand. 

 
 

Product Launch

 

BOVET presents VIRTUOSO VIII.

The Virtuoso VIII is the first timepiece in the Fleurier Collection to feature an inclined crystal aperture along the 12 o’clock to 6 o’clock axis. The energy of the caliber equipping the Virtuoso VIII is released by a single barrel. This patented double face flying tourbillon has already demonstrated its full chronometric potential. The pace of the new caliber is set by a variable inertia balance wheel. The steel is chamfered and polished. The VIRTUOSO VIII timepiece is available with three different dial colours: lavish ivory, black lacquer and precious blue aventurine.

 

RJ-Romain Jerome presents the Tourbillon Pokémon.

RJ-Romain Jerome unveils the Tourbillon Pokémon timepiece with colourful dial, standing out from the all-black 48mm case and hands. Completing the ensemble, the black alligator strap is enhanced with yellow and blue stitching as a tribute to the Pokémon logo’s symbolic colors. Pikachu is the centrepiece and is placed at the forefront. 

 

ARMIN STROM wins the Red Dot Design Award 2017.

ARMIN STROM's Mirrored Force Resonance wins the prestigious International Red Dot Design Award 2017. The eminently visible animated resonance clutch spring that connects two oscillators. Thus, the top of the movement becomes a stage for the stars of the timekeeping show underneath a transparent dome of scratch-resistant sapphire crystal. 

 

Bremont reveals SOLO 32 collection.

Bremont introduces two new rose gold variants into the collection, one falling into the AJ line and the other into the LC line. The new 32mm models, at just over 9mm in thickness, house the mechanical BE-10AE chronometer rated and beautifully finished automatic movement which has a 40-hour power reserve. The case is rose gold Bremont Trip –Tick construction with scratch resistant DLC treated case barrel. Strap is white lizard with rose gold pin buckle. 

 

Montblanc introduces Meisterstuck writing instrument.

Montblanc presents the Meisterstück, the most iconic of writing instrument is a Gift Precious Resin Edition features a cap and barrel in the distinctive Meisterstück polished black resin, contrasting with the writing instruments platinum-coated fittings. The cap top is engraved with the first letter of the six most used alphabets in the world, a single precious blue sapphire celebrates the bond between Montblanc and UNICEF. 

 
 

Exhibitions & Events

 

Van Clees & Arpels presents “Mastery of an Art” Exhibition in Kyoto.

The “Mastery of an Art”: Van Cleef & Arpels - High Jewelry and Japanese Cra¬fts, The exhibition will feature the high jewellery of Van Cleef & Arpels and the traditional crafts of Japan, comparing the two within the context of skilled Japanese and French workmanship. The exhibition will run from 29 April to 6 August 2017. 

 

Dubai Watch Week to take place in November 2017 for a third consecutive year.

Under the Patronage of Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Vice Chairman of Dubai Culture & Arts Authority and in association with Fondation de Haute Horlogerie (FHH), Dubai Watch Week announces that it will return for its third consecutive edition this year, after the unprecedented success in 2016. This unique event, now considered a global platform of horological knowledge sharing and creative inspiration, will take place from 16 - 20 November 2017 as it prepares to welcome thousands of visitors - including more than 60 industry legends and brands. 

 
 

Celebrity News

 

Kaya Scodelario shines in Messika.

Actress Kaya Scodelario wears Messika Jewellery for the European premiere of Pirates of the Caribbean: Salazar’s Revenge. The actress accessorized her stunning dress by wearing the striking My Twin earrings, a ring from the iconic Glam’Azone collection and a double ring from the Gatsby collection. 

 
 
 
 

Be constantly updated on the latest Watch & Jewellery Business markets of the Middle East, as well as information on competitors, promotions, product trends, industry analyses, appointments, new product introductions & developments and market research.

Our weekly 'Arabian Watches & Jewellery Business Newsletter Broadcast' is distributed to over 22,000+ industry executives, Watch & Jewellery manufacturers and distributors, retailers, investors and media consultants globally.

Unsubscribe / Submission of News / Open Forum / Obtaining our news distribution / Confidentiality Important Copyright Notice / Disclaimer

Developed by We Do Web