Exclusive Interview with Jean Claude Biver Hublot’s board chairman; Good response obtained for nominations for the Premier Middle East Watches, Jewellery & Pens Awards 2012 Edition

   
 
 

Interviews

 

Exclusive Interview with Jean Claude Biver Hublot’s board chairman

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Jean Claude Biver, one of the top names in the Swiss watch industry talks to “Watches & Jewellery” Magazine

 

With a distinguished career of over 35 years in the watch industry, looking back at your long years servicing this industry what are the major unforgettable stations in your business life so far?

 

I would say that the most unforgettable station in my business life was to transform my passion for watches into my daily business. Then I would mention of course the rebirth of Blancpain, the oldest watch brand which I bought together with my friend Jacques Piguet in 1982 for 25’000$ and which we were able thanks to our passion and devotion to the Art of Watchmaking to position as the leader of the Traditional Watchmaking Art. And last but not least, the biggest success and achievement in my career: Hublot

 

You have started your career in the watch business at Audemars Piguet and then Omega. In 1981 you started along with your friend Jacques Piguet Blancpain and then sold it to Swatch Group in 1992. Was your involvement in the watch industry a passionate decision or just landed here by coincidence? Also if you weren’t involved in this line of the luxury watch business which other line of business would you choose?

 

As said already, I was lucky to transform a passion in business. And that was not a coincidence but a gift from God! It influenced my life in depth and for ever! My life is influenced by love. Love has many ways to come down to earth. One of its apparitions is Art, Culture and Tradition. Therefore I could have worked in any other field which expresses like the Watchmaking Art, Quality, Tradition, Culture and Art.

 

It’s said when the majestic Jean-Claude Biver talks the luxury industry and everyone in the watch industry listens. Do you agree with this statement? And why do you think this is true?

 

Today after nearly 40 years in this business and some success with Blancpain, Omega and Hublot, many people consider me as the “Veteran of the Swiss Watchmaking Art” and as such they very often want to listen to my opinion and my vision. Getting old brings sometime also some advantages…..

 

Obviously, you are and the industry acknowledges that Jean-Claude Biver will leave his impact on this industry? In your own words what would you like this impact to be?

 

My goal in life is to leave one deep and clear trace: LOVE In reality a trace of love in my family and friends and a trace of love and passion in my job. And before leaving I would like to give back as much as possible. That’s in my opinion the only way to give a sense to your live and not to die poor. Dying rich, means having given back as much as possible before leaving Planet Earth

 

Speaking about the future of Hublot and the sustainability of growth and development, what do you think the main challenges that Hublot will face in the short term 2-3 years and in the long term 5-8 years? Where do you see Hublot in five years?

 

Hublot has to pursue its creation of value through innovation and creativity. Marketing is not enough for the long term. You need substance, which is only given to the brand through your capacity to innovate and to influence your Art. No Innovation, no Future! Hublot must always try to be the First, Unique and Different. If we achieve this, our Future will be secured

 

You have always referred to Hublot as a young child with many daily challenges to overcome. What are the current challenges that Hublot has among other very old watch brands within the LVMH big family group?

 

Challenges are the same for every brand, but for young brands they are more crucial. And the challenge is always the same: be capable to constantly innovate, be creative, influence your industry, maintain quality, keep the service and give customers dreams, emotions, prestige and happiness

 

It’s difficult not to associate Hublot with the world of sports today. From Golf, to Football to NBA and recently the F1 team. How far you still have to go to insure the success of the Hublot watches and what did the recent F1 association added to your brand?

 

Sport is a wonderful association for our brand. Not only because we meet our customers who are active or watching the sports we are associated with, but also because sport is the school of life and one of the best education tool for young people. F1 connects us with high tech, success, performance, emotions and prestige

 

The recent acquisition of BNB has certainly added value to Hublot capabilities. Can you be more specific on this statement? At what production capacity is the new Hublot manufacture currently operating? And when do you project full production capacity to be achieved?

 

On our conquest to be a totally integrated manufacture, we tried to achieve this either through acquisitions or through internal development. The partial acquisition of BNB or Pro Fusion enabled us to get immediately what we would have needed at least five years to achieve. Both the BNB and Pro Fusion have enabled us to position the brand at the forefront of High Horology and to create immediately an important substance in our business.

 

It’s said that, we have reached a stage of “luxury fatigue”. To which extend would you agree with this statement?

 

There is may be fatigue in Luxury Marketing, but no fatigue in real luxury that is made through quality, exclusivity, excellency, prestige, art, culture and service.

 

Many experts believe that the success of Hublot is due to your personal style of managing the business. How would you describe your personal style?

 

The success of Hublot is due to my people, to my team and to all the customers around the world who are supporting us and helping us to build up the brand. Its definitively a team work that involves everybody from the supplier to the end customers. It’s a community driven by passion, excellency and love

 

You obviously have a passion for fine watches, what are your other interests you enjoy doing in your spare time?

 

First activity I love in my spare time is watches. It’s a passion that is around my heart and brain 24 hours. I love nature, authenticity, family life and my farm which connects me everyday to earth!

 

As a Patient collector you obviously revealed on different occasions that you have a large collection of Patek Philippe watches? What values do you admire about this brand?  Can you draw similarities between the two brands Hublot and Patek Philippe?

 

It’s probably the brand that has the most contributed to the development of the Art of Watchmaking in Switzerland and in the world. Many pieces they have made can be considered as masterpieces and some even as museum pieces. Having a collection made out of masterpieces and museum pieces is the dream of every collector. And such dreams can be given by Patek Philippe and that’s why I collect their watches

 

Since long time ago Hublot invested in the social media and you stand out as the first watch company to launch an online TV. How much did this platform help to promote Hublot among new young customers?

 

Social media, Hublot TV, Facebook, Twitter and so on was instrumental to promote the brand among young customers! Young customers are our future and that’s why we are so keen to invest in this community.

 
 
 

Market News

 

Good response obtained for nominations for the Premier Middle East Watches, Jewellery & Pens Awards 2012 Edition

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The nominations for the 8th Premier Middle East Watches, Jewellery & Pens Awards (2012 Edition), initiated and sponsored by Arabian Watches & Jewellery (AWJ) Magazine now moves into its third & final phase of the awards procedure, with a one week public voting process that commenced on 29th of September and will close on 6th of October. The competition field yielded an excellent cast of top, international brand names from the finest in the premium international watches and jewellery industry. Five finalists has been short-listed and the winners in each of the 10 watches and 5 categories each in jewellery and pens and 3 categories in young Arab designers will be announced at a gala dinner reception to be held at the Ritz Carlton Hotel on the evening of 16th October 2012, the inaugural date of the long-running Jewellery Arabia.

 

Richemont to acquire Peter Millar and already acquired Varin-Etampage and Varinor (‘VVSA’)

Richemont and Winona Capital recently announced that an agreement has been reached whereby Richemont will acquire Peter Millar LLC. The acquisition by Richemont will position Peter Millar for its next stage of development and growth. The transaction is expected to close in October 2012 and will have no material impact on Richemont’s consolidated net assets or operating result for the year ending March 31, 2013. Richemont ‘A’ shares are listed on the SIX Swiss Exchange, Richemont’s primary listing, and are included in the Swiss Market Index (“SMI”) of leading stocks. Richemont South African Depository Receipts are listed in Johannesburg, Richemont’s secondary listing.

 

Richemont Acquires Varin-Etampage and Varinor (‘VVSA’)

 

 

Richemont has also announced its 100 % acquisition of the capital of VVSA in a private transaction with the shareholder group. Based in Delémont since 1962, VVSA is a high-end manufacturer of stamped exterior components for watches, gold refiner and producer of semi-finished precious metal products destined for the watch and jewellery industry. A historical partner of Richemont’s Maisons and Manufactures, VVSA and its 250 employees will reinforce the Group’s industrial capabilities via their established technical know-how and state-of-the-art equipment.

 

Saudi GDP exceeds SR 2.2 trillion

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The General Statistics Department of Saudi Arabia has reported a gross domestic product exceeded SR 2.2 trillion in 2011, with a growth rate of 31 percent in current prices, compared to the previous year. Nonoil exports rose 31 percent to SR 176 billion, which accounted for eight percent of the GDP, the report added. The Kingdom's total exports in 2011 amounted to more than SR 1.41 trillion, the department said while highlighting Saudi Arabia's remarkable economic progress. The number of working Saudis within the age limit of 15-65 would reach 61.2 percent by the end of this year, against 47 percent in 1992, the report pointed out. Saudis within the age group of 20-40 would reach 66.4 percent of the total national workforce this year, it added. According to preliminary reports, the Kingdom's GDP grew 5.94 percent in the first quarter of 2012. "Preliminary information shows GDP in the first quarter of 2012 grew by 15.96 percent.

 

Qatar budget surplus reaches record QR54 bln in 2011-2012

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The Ministry of Economy and Finance of Qatar has recently released that the Qatar’s budget surplus reached a record QR54bn (8.6 percent of GDP) in the 2011/12 fiscal year, four times as large as the previous year's. This is the 12th consecutive year of fiscal surpluses, further attesting to the country's impressive economic expansion during the last decade-growth that has been predicated on massive investment in LNG infrastructure and buoyant hydrocarbon prices-and which has seen nominal GDP grow by 35 percent y/y to a new high of QR629bn in 2011.

 
 

Company News

 

A. Lange & Sohne inaugurates Flagship Boutique in The Dubai Mall

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German watchmaking pioneer A. Lange & Sohne officially inaugurated its Middle East flagship boutique in The Dubai Mall on 26th September. CEO Wilhelm Schmid hosted a press conference in Burj Khalifa, following which the ribbon cutting with Consul General of Germany in Dubai, H.E. Klaus Ranner, Wilhelm Schmid, and Middle East Brand Manager Matthieu Dupont took place.

 

Introducing Berenice Marlohe and Naomie Harris: the Bond Actresses in SKYFALL

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In SKYFALL, the 23rd film in the franchise, two actresses will charm the world’s favorite spy; Berenice Marlohe who plays the glamorous, enigmatic Severine and Naomie Harris, plays Field Agent Eve. Like James Bond himself, both actresses wear OMEGA wristwatches in their on-screen roles. Berenice Marlohe wears an OMEGA De Ville Prestige with a mother-of-pearl dial, a stainless steel case and a stainless steel bracelet. While Naomie Harris will be wearing an OMEGA Aqua Terra with a black dial, a stainless steel case and a matching bracelet.

 

Damas expands in Qatar

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Damas has recently inaugurated its new store in the Lulu Al Khor Mall in Qatar.   The new store, which is Damas’ 19th in the country, was celebrated with a ribbon cutting ceremony attended by Mohammed Altaf, Regional Director of Lulu hypermarket & Trading Company, and Abdulla Meshal, Damas’ GCC Sales Manager.

 

Ulysse Nardin sponsors 2012 Monaco Yacht Show and introduces the Monaco Limited Edition

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Ulysse Nardin is proud to participate for the fourth consecutive year at the Monaco Yacht Show as official sponsor. Resolutely anchored in aquatic sports, the Monaco Limited Edition timepiece is designed to tackle extreme conditions. It perfectly combines its dual function as a diving instrument and beautiful watchmaking piece. The Monaco Limited Edition has a self-winding movement featuring a 42-hour power reserve indicator, oversized small seconds and large date display.  This edition is limited to 100 pieces, each individually numbered and engraved on an 18 ct gold side plate. The reliability of the Monaco Limited Edition is further strengthened by an exclusive black ceramic folding clasp and a blue rubber strap with ceramic components.

 

Christian Redl to make world record at 5160 meters

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Christian Redl, extreme freediver and holder of the world record for diving under ice with a depth of 200 feet, has decided to test his limits once again. Christian Redl has joined the Gokyo project, which will reach its culmination from 6 to 27 October 2012. The six Gokyo Lakes are situated in Nepal at an altitude of between 15,400 and 16,900 feet and are the world’s highest freshwater lake system. Christian Redl chooses Edox new Iceman II limited edition to this challenge. The watch is limited to 203 pieces only.

 

Maurice Lacroix wins two awards

For the launch of its new Pontos S watch, a spectacular viral launch campaign produced by Maurice Lacroix and supporting a free-diving world record attempt has scooped a pair of prestigious awards within the space of just over a week. "The French Job" was given a Corporate Communications Award in the social media category at the Swiss Award-CC prize giving ceremony in Zurich on 6 September, followed by a European Digital Communication Award for "Best Product Launch" in Berlin on 14 September.

 
 

Product Launch

 

Harry Winston introduces Water High Jewelry Collection

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Exploring the extraordinary wonders of the world’s most precious elements – rare gemstones and water, Harry Winston has introduced its latest Water High Jewelry collection. Set in ultra-fine platinum wire, intricate compositions of fancy shaped and pave diamonds evoke the fluidity of tranquil rivers and streams, while delicate strands of brilliant and pear-cut diamonds recall the cascading movement of majestic waterfalls. Featuring 19 newly created designs this exquisite collection brings high jewelry on a journey to the very heart of nature, and the timeless wonders of Winston design.

 

EBEL Onde & EBEL X-1

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On 26th September, EBEL unveiled  its new models: EBEL ONDE, EBEL X-1 and EBEL X-1 CHRONO.  Onde is a sensuous new timepiece for women defined by fluid lines and sculpted curves. Luxurious and playfully sportive, the new X-1 for her is an innovative and contemporary design of iconic inspiration. While the X-1 Chronograph is the perfect evolution of design that looks to the future while paying tribute to EBEL’s 1911 inception and rich legacy.

 

TAG Heuer launches the new Link Lady collection in the Middle East

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The new range is dedicated to beautiful and rebellious women and instinctively feels at home on the wrist of Cameron Diaz, the Hollywood star who is the new TAG Heuer ambassador and muse for the Link Lady collection. The cases are river stone shaped, delicate, refined and rounded, with central lugs architecture. They come in two sizes, 29mm and 34.5mm. Inside is a quartz movement, with the date at 6 o’ clock and the edges of the dial feature a light concentric guilloche. The instantly recognizable and emblematic LINK bracelet with its S-shaped links has been redesigned. A single principle unifies the design:  elegance - comfort and poetry were combined to produce pure pleasure.

 

Rado HyperChrome presents a world first in high-tech ceramic case construction

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Rado is premiering a breakthrough technology in the high-tech ceramic models of its new Rado HyperChrome Collection. Sophisticated injection moulding has enabled the creation of a one-piece (monocoque) high-tech ceramic case, where the case forms the entire structure of the finished timepiece.  Differentiating this monocoque case from others is the full integration of the lugs and surrounding brackets into the high-tech ceramic form. These watches come in sleek black or pure white and demonstrate impressive hardness of 1’250 Vickers. They are embraced by parentheses in a variety of metallic finishes, echoed by matching dial detail to distinguish indexes and chronograph discs and on the chronographs’ pushers.

 
 

Exhibitions & Events

 

GJPEC to showcase true India at Jewellery Arabia 2012

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The Gem and Jewellery Export Promotion council (GJEPC) is participating in the forthcoming Jewellery Arabia exhibition in Bahrain from 16 – 20th October 2012, represented by 54 leading names from the Indian Gems & Jewellery industry. Spread over an impressive 703 sq. mtrs of space, the Indian Pavilion this year, will once again showcase its exquisite craftsmanship and jewellery collections comprising of high-end diamond jewellery, gold and platinum jewellery, and fine jewellery. Also on display will be designer handmade jewellery, high end diamond & bridal jewellery and a few exclusive pieces.

 
 

Celebrity News

 

Susan Sarandon wears Jaeger-LeCoultre at San Sebastian Film Festival

Susan Sarandon chose the newest Jaeger-LeCoultre ladies’ timepiece – Rendez -Vous Night&Day in pink gold on leather bracelet during her appearance on the Red Carpet of the San Sebastian Film Festival.

 

Sharon Stone and Livia Firth wore Chopard to the amfAR dinner in Milan

On 22nd of September, Sharon Stone wore a pair of earrings from the Copacabana collection. While Colin Firth’s wife, who created the Green Carpet Challenge, wore white gold earrings set with diamonds and a bracelet set with fancy-cut diamonds.

 
 
 
 

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