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Qatar set to double its economy by 2031; Chanel and MB&F announces partnership; Introducing the Fabergé x Beetlejuice Beetlejuice® fine jewellery collection
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Market News
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Qatar set to double its economy by 2031
According to a new report by Standard Chartered, Qatar is poised to double the size of its economy by 2031, as it restores government revenues to pre-2014 oil price shock levels. The recovery is attributed to Doha’s strategic positioning in the global energy market and its ongoing efforts toward economic diversification. Qatar, currently the world’s sixth-largest gas producer and holder of the third-largest gas reserves, has effectively leveraged rising hydrocarbon prices and a surge in global energy demand, particularly in liquefied natural gas (LNG). The expansion of LNG capacity, with a planned 85 per cent increase in output at the North Field by 2025, is expected to nearly double the country’s natural gas production by 2030 from the current 77 million tonnes per annum (mtpa). |
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Company News
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Chanel and MB&F announces partnership
Chanel and MB&F announce the signing of a partnership where Chanel has taken a 25% stake in the independent high-end watchmaking brand MB&F. This strategic investment demonstrates Chanel’s desire to continue to evolve and invest in the future of high-end watchmaking expertise, creation and design. It follows a long-term strategy to partner with luxury specialists to preserve and develop expert ‘savoir-faire’. This announcement follows similar investments from Chanel in high-end watchmaking brands Romain Gauthier (2011) and F.P. Journe (2018), creating an expert eco-system of watchmakers and component suppliers, which have remained independently run.
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Guebly announces its first partnership
Prestigious British retailer The Limited Edition has been chosen as the inaugural partner for showcasing the Swiss independent watch brand’s exceptional timepieces. The craftsmanship of Guebly watches is the result of a collaboration with the esteemed Kari Voutilainen & Catin workshop, master hand-beveller Nathalie Jean-Louis, and Thomas Aubert, a renowned prototype watchmaker and recipient of the F.P. Journe Prize. Launched just five months ago, in April 2024, in Geneva, the young brand has already gained rapid recognition with its debut watch, the “Prologue.” With a very limited production, each Guebly watch represents the outcome of a deep reflection on what a contemporary everyday watch should embody.
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Product Launch
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Introducing the Fabergé x Beetlejuice Beetlejuice® fine jewellery collection
Fabergé has collaborated with Warner Bros. Discovery Global Consumer Products to introduce the Fabergé x Beetlejuice Beetlejuice® fine jewellery collection. This new collection pays homage to “Beetlejuice Beetlejuice,” the visually singular and long-awaited sequel to Tim Burton’s award-winning film “Beetlejuice” (1988). “Beetlejuice Beetlejuice” will be released only in theatres and IMAX, internationally beginning on 4th September 2024, and on 6th September 2024 in the US. Available from 20th August, the collection comprises 18k white gold earrings, pendants, lapel pins, collar bars and rings, inspired by the shape of a spiral, a motif prevalent in Tim Burton’s iconic films, and by two eerie Beetlejuice characters: Headworm and Sandworm. |
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Introducing the New Limited Edition Endurance Pro Ironman by Breitling
The Endurance Pro IRONMAN marks the 2024 VinFast IRONMAN World Championship in Nice, France, on September 22, 2024 (women), and Kailua-Kona, Hawai‘i, on October 26, 2024 (men). It is the ultimate in racing for extreme athletes. The VinFast IRONMAN World Championship is the culmination of all the global IRONMAN triathlon events, which see professional and age-group athletes alike compete for a qualifying slot in the pinnacle race on the long-distance triathlon calendar. As part of this active partnership, Breitling is introducing a limited-edition Endurance Pro IRONMAN with a case made of lightweight titanium and the race’s uniquely inspired logo featured at 6 o’clock. This limited edition of 500 pieces comes on a blue rubber strap for maximum performance and durability and has the IRONMAN logo on the caseback. |
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Blancpain unveils its new Ladybird Colors timepieces with sparkling new faces
Blancpain has unveiled its new Ladybird Colors timepieces at the height of summer. While a new coral blue shade complements the range of monochrome watches featuring the brand's distinguished face, the version with multicoloured numerals proudly displays the moon phase for the first time and is paired with a vibrant array of interchangeable straps to suit every mood and look. The dials of these models showcase expert craftsmanship with their playful use of proportions and textures. The Roman numerals vary in size, with those prominently displayed at the top becoming more subtle toward the bottom, creating a gradual and aesthetically pleasing transition. Each numeral also undergoes a five-phase colouring process to achieve its deep, vibrant hues.
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ArtyA presents PURITY ‘Stairway To Heaven’ HMS Wavy
ArtyA unveils an exceptional timepiece with the PURITY ‘Stairway To Heaven’ HMS Wavy, a brilliant tribute to purity and simplicity. This model introduces a new ‘Time Only’ movement, featuring three hands and an openworked architecture that celebrates transparency and lightness. It also debuts the new Wavy case design, created by the young and talented Jérémie Arpa – the son of Yvan and Dominique Arpa - whose inspiration manifests in a fluid, organic design reminiscent of the powerful movement of ocean waves. With its transcendent purity, this watch stands among the pinnacle of modern, refined creations, captivating with an aesthetic that is both strikingly pure and contemporary. The perfect harmony of functionality, architecture, and design. |
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Chronoswiss unveils the Open Gear Flying Tourbillon Psycho
The Open Gear Flying Tourbillon Psycho captivates with a 44mm stainless steel case, cloaked in a vibrant purple CVD coating that hints at the depths of the subconscious. The handguillochéd upper dial features an ever-changing Paraiba hue that shifts from light green to turquoise, mirroring the fluid nature of perception and reality. The striking orange hour ring, suspended within the 3D regulator setup, is a beacon of clarity in the swirling chaos - a testament to the precision of the Psycho's design. The exposed tourbillon and movement offer a mesmerizing view into the Côtes de Genève-decorated brain of the Psycho, where the intricacies of timekeeping are laid bare. This bold timepiece is limited to just 15 extraordinary pieces.
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L’Epée 1839 introduces the T35
To mark its 185th anniversary of continuous existence, L’Epée 1839 has introduced the T35, a testament to its strong in-house horological knowledge, innovative engineering and creative designs. Drawing inspiration from iconic 1920s and 1930s race cars, the T35 pays homage to a legendary racing machine that is perhaps considered the greatest race car of all time. With an unrivaled track record of success and thousands of motorsports victories to its name, this champion car is one of the most famous and influential racers in automotive history. It was renowned for its advanced engineering with a perfect harmony of lightness and power, achieving the fastest speeds of its era. |
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Bianchet introduces the B 1.618 Grande Date Sapphire Edition
Bianchet has introduced the B 1.618 Grande Date Sapphire Edition, a timepiece that redefines transparency and elegance in haute horlogerie. The B 1.618 Grande Date Sapphire Edition stands as a testament to Bianchet's dedication to innovation and craftsmanship. For the first time in watchmaking history, a case seamlessly combines sapphire crystal with rubber, an achievement that underscores the brand's mastery of material innovation. Sapphire, a material only second to diamond in hardness, presents significant challenges in machining and finishing. Yet, Bianchet's design team has ingeniously integrated rubber seams into the construction, retaining the brand's signature aesthetic with two rubber gaskets that underline the purity of the case's design. This pioneering combination reaffirms Bianchet's brand identity as fusing precious materials with cutting-edge technology. |
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Exhibitions & Events
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GJEPC’s India International Jewellery Show (IIJS) Premiere 2024 spurs record-breaking USD 12 billion of business
One of the world’s largest gem & jewellery B2B shows - India International Jewellery Show (IIJS) Premiere 2024 organised by India’s apex trade body, The Gem & Jewellery Export Promotion Council (GJEPC) – set a new staggering record by generating a staggering USD 12 billion of business over 6 days. Showcasing “Brilliant Bharat” theme this year, IIJS Premiere 2024 (the 40th edition) show dates were: 8-12 August at JIO World Convention Centre, Mumbai and 9-13 August at Bombay Exhibition Centre, NESCO Goregaon, Mumbai. IIJS Premiere 2024 had a total exhibition area of 135,000 sq. mt. (1.45 million sq. ft.), which is much higher than that of the prominent comparable shows in the western world. With over 3,600 stalls and 2,100 exhibitors, IIJS Premiere attracted over 50,000 buyers. |
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