| |
India’s Titan Acquires Dubai’s Damas Jewellery in Dh1 Billion Deal; Swatch Group Posts 7% Sales Drop and Lower Profit in H1 2025 In the first half of 2025, the Group faced a 7.1% drop in net sales at
|
|
|
| |
|
Market News
|
India’s Titan Acquires Dubai’s Damas Jewellery in Dh1 Billion Deal
One of the Gulf’s most renowned jewellery houses is set for a new chapter as Titan Company, part of India’s Tata Group, acquires a 67% stake in Damas Jewellery. The Dh1.038 billion ($280 million) transaction, executed through Titan’s wholly owned arm Titan Holdings International FZCO, marks a strategic move to strengthen its footprint in the GCC luxury jewellery sector. Signed on July 21, the deal positions Titan to scale rapidly across the region. Damas, founded in Dubai and known for its legacy of Arab artistry, currently operates 146 boutiques across the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman.
|
| |
Swatch Group Posts 7% Sales Drop and Lower Profit in H1 2025
In the first half of 2025, the Group faced a 7.1% drop in net sales at constant exchange rates compared to the previous year, largely due to weak consumption in China and Southeast Asia, and a more than 30% decline in wholesale business in Greater China. However, markets like the USA, Mexico, Canada, and India showed strong double-digit growth, and e-commerce sales also saw a significant increase. The Group continued investing in brand marketing and launched several innovative products, including Omega’s ultra-thin Aqua Terra for women and Tissot’s solar-powered PRC 100. Swatch is also set to unveil AI-DADA, an artistic AI tool enabling customers to create one-of-a-kind personalized watches. |
| |
| |
Company News
|
Maurice de Mauriac Joins Le Mans on the Wrist of Finn Gehrsitz
The 24 Hours of Le Mans is the oldest endurance racing event in the world. It is also the most iconic. Maurice de Mauriac has been on the wrist of drivers at the Dakar and on the expedition to the North Cape. This year, the Zurich-based brand will be competing at Le Mans via Finn Gehrsitz, the excellent 20-year-old pilot from Stuttgart who is one of the youngest participants in the legendary race’s 93rd edition. |
| |
| |
Product Launch
|
Ahmed Seddiqi and Louis Erard Present the New La Petite Seconde
Ahmed Seddiqi and Louis Erard have unveiled a special limited-edition timepiece to commemorate the retailer’s 75th anniversary. Limited to just 75 pieces, the La Petite Seconde 75th Anniversary Seddiqi Edition is based on the Louis Erard Petite Seconde, housed in a 39 mm steel case with the Maison's signature fir tree “LE” crown. The design draws inspiration from New York Art Deco and Dubai’s most iconic landmark, the Burj Khalifa, resulting in a distinctive stylistic code: neo-deco, a fusion of historical form and contemporary spirit. |
| |
Franck Muller x #FR2 Unveil New Beach Edition
Following their blockbuster collaboration in 2023, Franck Muller and #FR2 have returned with a new timepiece: the #FR2NCK MULLER Vanguard Beach Limited Edition. The model melds #FR2’s playful irreverence with the sporty, vibrant design of the Vanguard Beach collection, and arrives perfectly timed to usher in the summer. This year’s follow-up from Franck Muller and #FR2 features the same Fxxking Rabbits motif, of course. In lieu of a monochromatic palette, however, the new #FR2NCK MULLER Vanguard Beach Limited Edition comes decked out in vivid summer hues to evoke the carefree spirit of sun-soaked days and sea breezes. |
| |
Introducing the Fabergé x 007 Goldfinger Egg Objet
Fabergé and Amazon MGM Studios are delighted to continue their celebrations of the 60th anniversary of Goldfinger (1964) with the introduction of the Fabergé x 007 Limited Edition Goldfinger Egg Objet. Limited to 50 editions, this bold creation sits alongside the Fabergé x 007 Egg Safe Locket with Ruby Heart Surprise which launched in October 2024. The front of the egg features a six-prong safe combination lock, anchored with 007 at the centre. By rotating this lock anticlockwise, two bolts move allowing the safe door to be opened.
|
| |
Introducing Hiba Jaber’s Latest Summer-Inspired Creation
Hiba Jaber unveiled her latest Summer Capsule drop, a fresh addition to her signature Odd One Out collection. Inspired by the romantic hues of summer sunset skies and the special moments shared during weddings, engagements and gatherings, the collection invites wearers to celebrate individuality with elegance and joy. Featuring chokers, bracelets and rings, Odd One Out returns in two vibrant colour-ways: tanzanite blue with a singular green emerald and amethyst purple paired with a striking blue sapphire. |
| |
Introducing the Evening Bags Capsule Collection by Buccellati
During Paris High Jewellery Week, Buccellati presented its new jewellery bags, a true homage to savoirfaire: the new “bejewelled bags” are a style adventure which celebrates fine craftsmanship. Their inspiration is rooted in the Maison’s past, recovering the style codes and intuition with which the founder Mario already experimented. In homage to the creative intuition of grandfather Mario, who made small fabric clutch bags of the true masterpieces in miniature, set with gems and embellished with rich embroidery, Andrea Buccellati has created a capsule collection consisting of three one-of-a-kind clutch bags, which draw inspiration from the iconic shapes of the past translated into an innovative and up-to-date design. |
| |
| |
Exhibitions & Events
|
IEG, Vicenzaoro September 2025: High Jewellery in Continuous Evolution
High jewellery is constantly evolving and Vicenzaoro September is the place-to-be for discovering the contemporary languages of jewellery’s materials and shapes. From 5th to 9th September, at the Vicenza Expo Centre (Land of Venice - Italy), another all sold out edition of the B2B show organized by Italian Exhibition Group. IEG's proposal will see top-of-the range emerging in all the creativity, nuances and ability to innovate with which today's great Italian and international brands create jewellery. |
| |
India-GCC Designers Collaborate to Create Jewellery for SAJEX 2025
GJEPC organized the Exporter and GCC Designers’ Workshop at the Bharat Ratnam Mega CFC, SEEPZ in Mumbai on 17th July. The event marked a key milestone in the lead-up to SAJEX (Saudi Arabia Jewellery Exposition), GJEPC’s first-ever show in Saudi Arabia, scheduled from 11th to 13th September 2025 at the Jeddah Superdome. The workshop was inaugurated by Mr. Milan Chokshi, Chairman, Indian Institute of Gems & Jewellery (IIGJ) Mumbai and Mr. Sabyasachi Ray, Executive Director, GJEPC, along with distinguished designers and industry stakeholders. A special welcome was extended to Ms. Mahima Varma and Mr. Tarun Jain, Founders of the World Academy of Design, Dubai, who partnered with GJEPC to bring six leading GCC-based designers to collaborate with Indian manufacturers. |
| |
| |
|
| |
| |
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 |
| |
| |