Market News

Advertising spend hits $6 billion during H1

Advertising expenditure has reached $6 billion in the first six months of 2010, marking an increase of 21 percent over the same period last year, according to the recent statement released by PARC. After a turbulent 2009, spend in the UAE held firm, but the big surprise was the growth in North Africa. All other markets in the region saw gains over the previous two quarters. Further, among the top magazine spenders are Rolex, Home Center, Chanel, Cartier and BMW.

Company News

Maradona at HUBLOT Million Dollar Wall challenge in Moscow

For the first time in his career, Diego Maradona has faced the challenge of the HUBLOT Million Dollar Wall yesterday, 29 September in Moscow. He accepted the invitation to meet the following challenge: 10 balls, at 10 targets from 10 metres, with just of different diameters, each representing a value of $25,000 to $300,000. The proceeds will go to the Raisa Gorbacheva Memorial Institute for Children Hematology and Transplantation to establish a registry for unrelated bone marrow donors.

CHANEL opens boutique in Riyadh

CHANEL Watches and Fine Jewellery opened its first boutique at C Center, Riyadh in July 2010. The 150 square-meter Watch and Fine Jewellery Boutique comprises 3 main areas; the "Library" showcasing the exquisite range of fine watches, the "Salon" featuring innovative, exceptionally feminine Haute Joaillerie and finally a private and intimate VIP area for exclusive viewings.

Frederique Constant Gala Event in Paris

Frederique Constant watches co-sponsored an important charity gala event in Paris on September 20. Eva Longoria Parker with husband Tony Parker hosted their “Par Coeur Gala”. Over 350 VIPs from around the globe attended the event which raises funds for Eva Longoria’s charity, Eva’s Heroes. Known for their Heart Beat signature, Frederique Constant was proud and honored to be the official partner of the Par Coeur Gala 2010.

Jaeger-LeCoultre celebrates art at the 67th Venice International Film Festival

Jaeger-LeCoultre celebrated its 6^th years with the International Venice Film Festival. Jerome Lambert, CEO of Jaeger-LeCoultre, welcomes prestigious guests, press and friends at a dinner in celebration of the 67^th International Venice Film Festival. The guests enjoyed a unique private show case by Micky Green, special guest of that evening.

Officine Panerai participates in Bahrain Jewellery Arabia 2010 J&W

Officine Panerai, will be showcasing the best of its collection at Bahrain Jewellery Arabia 2010 to be held in Bahrain at the International Exhibition Centre from 26 to 30 October.  “We are happy to partner with Jewellery Arabia for the seventh consecutive year. With an expected turnout of 40,000 visitors at the exhibition this year, we expect to encounter an even greater audience for our latest collection of watches”, declared Angelo Bonati, CEO Officine Panerai.

Milus launches global communications campaign at Times Square New York

Milus has launched their new communication campaign at the world’s most viewed billboard at Times Square in New York. The strategically placed giant billboard is one among a series of measures implemented by Milus’s global communications campaign that includes out of home advertising (OOH) at vantage points around the world.

Jaquet Droz launches new boutique in Paris

Jaquet Droz has launched their first boutique at 8, Rue de la Paix in Paris. This 720 square foot boutique is designed with the sleek and minimalistic designs from the modern yet sheik design elements of black and grey matte and glossy surfaces not just as boutique but also as a brand. To celebrate this historic moment, Jaquet-Droz manufactured a limited edition piece for this Paris Boutique.

Carl F. Bucherer appoints new CEO

Sascha Moeri is appointed as new Chief Executive Officer for the globally in the premium segment positioned Carl F. Bucherer watch brand. He will take over the tasks of CEO from November 22, 2010. Moeri has gained his well-founded national and international knowledge of the industry in companies such as Michel Jordi and the Swatch Group.

Frederique Constant at the start of the Peking to Paris Motor Challenge

As the Official Timekeeper of The Peking to Paris Motor Challenge, a team of Frederique Constant witnessed the start of what was the fourth edition of this event. The route for the 2010 edition of 'The Ultimate Driving Adventure' follows the historic Silk Route and runs from the Great Wall in China, through Mongolia, into Russia before turning south west into Kazakstan, Uzbekistan, Turkmenistan, and via Iran, Turkey, Greece and Italy into France to finish at  the famous Place Vendome in Paris.

Product Launch

Hermes presents Cape Cod Tonneau rose gold with diamonds

Hermes has presented Cape Cod Tonneau rose gold with diamonds timepiece. In its subtly rounded version, the case renews ties with its primary inspiration, the link of an anchor chain, and becomes the Cape Cod Tonneau. Enhanced by the warm glow of 750 rose gold, it is set with 52 full-cut diamonds featuring G and F colour (Rare White and Rare White +) and extreme clarity (Top Wesselton VVS), which serve to accentuate its understated lines.

GRIEB & BENZINGER introduces new timepiece

GRIEB & BENZINGER’s unique workshop has introduced The Blue Wave watch. After countless hours of total restoration, hand skeletonization, hand-engraving and guilloche, the vintage base Minerva movement awakens to new life to become a characteristic new horological piece of art. The 18-karat gold monopusher skeletonized chronograph christened The Blue Wave.

Catamaran Global Gents 8079 watch

The latest creation of Catamaran Swiss Watches is a very functional automatic chronograph world-timer GMT and compass, Global 8079 watch. This watch is available in 47mm diameter, high resistant stainless steel case and Water resistant to 200 M - 20 ATM (660 feet).

F.P. Journe introduces Repetition Souveraine watch

F.P. Journe Blue Christmas has introduced the Repetition Souveraine watch. This timepiece features an ultra slim minute repeater which is after the grande sonnerie, the most complex and sophisticated of horological complication in the Souveraine collection. The ultra flat movement of the Repetition Souveraine in 18K gold with its case in steel provide lightness to the watch for a weight of only 69.6 grams, strap included.

Carrera y Carrera presents Gardenia Collection

Carrera y Carrera has presented the Gardenia collection. Offering hand crafted jewels blending yellow gold and white gold with diamond, this collection features feminine necklaces, drop earrings and rings, inspired by one of the most fragrant blossoms, the gardenia.

Exhibitions & Events

The Cartier Exhibition: The Art of Watchmaking

International Jewellery Exhibition 2011

The 3^rd International Jewellery Exhibition 2011 will take place from 12^th to 16^th April at the Oman International Exhibition Centre, Muscat, Oman.  The exhibition aims to be more superior to IJEX 2010 by expanding its budges further for marketing and advertising media intended to capture more on international level of visitors. This year they will have more than 100 exhibitors and expecting visitors more than 35,000 from around the world.

The Geneva Watchmaking Grand Prix celebrates its 10 years

For the 10th consecutive year, the prize-giving ceremony of the Geneva Watchmaking Grand Prix (GPHG) will gather the elite of the international horology profession at the Grand Theatre of Geneva on November 18, 2010. It annually rewards the best creations and the most remarkable personalities of the watchmaking universe.

Christie's to offer fabulous Diamond, Emerald and Ruby parures at Dubai auction

Christie’s has announced the sale of the largest private collection jewellery parures will come to auction at the Jumeirah Emirates Tower’s Hotel, Dubai on 27 October. On this day, Christie’s will offer 41 examples of parures, a number which never been offered for a sale at auction before. All are signed by Chatila, Jahan and Mouawad. Each lot consists of earrings, a ring, a matching necklace and bracelet and will be accompanied by a certificate from its maker.

3rd International Diamond Conference Mines to Market 2010

The Gem and Jewellery Export Promotion Council announces International Diamond Conference, Mines to Market 2010 on October 12th &13th, 2010 in Mumbai, India. This conference aims at taking stock of the Diamond industry globally, and evolving a way forward for future. Each participating country would present a paper on their current scenario and future programs, along with Panel discussions on the same.

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