Richemont posts strong growth at mid-year 2018 results, Dubai to host the 14th edition of the Middle East Watch and Jewellery of the Year Awards.

   
 
 

Market News

 

Richemont posts strong growth at mid-year 2018 results.

Richemont announces in press release its consolidated results for the six-month period ending on 30 September 2018. Sales increased by 21% at actual exchange rates to EUR 6,808 million and by 24% at constant exchange rates. This strong increase in sales is mostly driven by the acquisition of Yoox Net-A-Porter Group (YNAP) and second-hand watch dealer Watchfinder. 
Sales rose by 28% for Europe and 20% for Asia Pacific. For the Jewellery Maisons, sales were up 9% at EUR 3,454 million and profit was up 19% at EUR 1,167 million. The sales growth was more modest for Specialist Watchmakers at +2% (EUR 1,550 million) while the operating result was 3% lower in comparison to last year.  Sales corresponding to online distribution were of EUR 893 million.
 

Dubai to host the 14th edition of the Middle East Watch and Jewellery of the Year Awards.

Winners of the prestigious Middle East Watch and Jewellery of the Year Awards will be announced on the Thursday 15th November, during a private gala event held at the Music Hall in Dubai at the Jumeirah Zabeel Saray Hotel, on the iconic Palm Jumeirah Island. The awards, now in their 14th year are designed to recognise watchmaking and jewellery craftsmanship excellence; winners are judged by an independent group of regional watch connoisseurs and Jewellery professionals and collectors. 
 

Chopard wraps up a successful second edition of the Chopard Classic Rally in Dubai.

The second edition of the Chopard Classic Rally Dubai, a challenging competitive regularity rally, was successful closed on November 9, 2018. Organized by Chopard, along with partner Ahmed Seddiqi & Sons and Emaar Properties, the Chopard Classic Rally Dubai brought together 30 classic sports cars coming from the United Arab Emirates, Gulf region, Europe and the United States.  Race car driver and Chopard ambassador Romain Dumas, competed in this second edition. The awards ceremony and dinner took place at Armani Hotel Dubai where the first place team, driver and co-driver, received the limited edition of the L.U.C 1937 Classic Rally Dubai Special Edition.
 
 

Company News

 

CHANEL reopens its Watches & Fine Jewelry Boutique in Dubai Mall.

CHANEL reopened its Watches and Fine Jewellery boutique in Dubai Mall’s fashion avenue. As with all CHANEL boutiques, the interior of the Dubai Mall boutique has been completely re imagined by New York architect Peter Marino.
 

‘Cactus de Cartier’ and ‘Panthère de Cartier’ bring an unconventional nature-inspired experience in Saudi Arabia.

During an exclusive evening Cartier’s guests witnessed an unconventional nature-inspired experience in the heart of Jeddah. At a venue designed specifically for the event amidst the gardens of Park Hyatt’s Al Sohba ballroom, Alban Du Mesnil Du Buisson, Managing Director Cartier KSA acknowledged the importance of Saudi clients and spoke about the experiences Cartier has been able to provide to them, ever since the opening of its new subsidiary in KSA a year ago. 
 

BVLGARI celebrates Elton John AIDS Foundation’s 2018 New York.

The Elton John AIDS Foundation (EJAF) raised $3.9 million at its 2018 annual New York Fall Gala to support HIV/AIDS prevention, treatment, supporting services, and advocacy programs across the globe.  American Airlines, BVLGARI, Robert K. Kraft, the Leonard and Judy Lauder Fund, and Patricia Hearst served as Presenting Sponsors of the benefit. The star-studded evening was held at Cipriani 42nd Street in New York City. 
 

OMEGA raises its warranty to 5 years on all watches.

OMEGA announce that it is officially extending the warranty on all of its timepieces to 5 years. The decision follows significant progress within the company over the past several years, including the revolutionary arrival of Master Chronometer certification, which has established a new industry benchmark for precision, performance and magnetic resistance.
 
 

Product Launch

 

Audemars Piguet launches the Royal Oak Concept.

Audemars Piguet introduces a new Concept model for both women and men. The Royal Oak Concept Flying Tourbillon timepiece has a distinctive aesthetic: the white gold dial features faceted stones resembling “icicles” and white lacquered decorations reminiscent of winter in the Vallée de Joux. For men, the Royal Oak Concept Flying Tourbillon GMT as a the black ceramic bezel provides a contemporary frame to a resolutely high-tech dial design with redesigned bridges, It  is  a  powerful  mix  of  sandblasted  titanium  and  black  ceramic  with contrasting pink gold-toned inserts for a new multifaceted architecture.
 

Chopard unveils the L.U.C 1937 - Classic Rally Dubai.

Chopard has created this darkly handsome chronometer to accompany the second edition of the Classic Rally Dubai. This 42 mm-diameter chronometer is a paragon of sobriety whose ruthenium-toned satin-brushed dial provides a striking backdrop for the metallic black Dauphine-type hands and hour-markers. The strap of this exceptional timepiece, crafted from hand-sewn black alligator leather with large square scales.
 

A.Lange & Söhne presents 1815 ANNUAL CALENDAR

The 1815 ANNUAL CALENDAR has been the second A. Lange & Söhne watch that only needs to be corrected once a year. The 40-millimetre case in pink or white gold accommodates the artisanally finished manually wound calibre L051.3 movement that consists of 345 parts. The power reserve of 72 hours is sufficient to set the watch aside for a weekend with time to spare. 
 

H. Moser & Cie reveals Endeavour Flying Hours Dubai Edition.

H. Moser & Cie pays tribute to its long-standing partnership with Ahmed Seddiqi & Sons, The Endeavour Flying Hours Dubai Edition is the fruit of this very special collaboration. The shimmering intensity of the sumptuous Cosmic Green dial evokes the Northern Lights, illuminating a steel case coated with black DLC.  For the strap of the Endeavour Flying Hours Dubai Edition, H. Moser & Cie. has opted for grey kudu leather with a raw finish and green stitching.
 

Backes & Strauss introduces the Berkeley 43 King Tourbillon.

The bespoke tourbillon made for this series, which is visible from the cut away dial, is decorated by Backes & Strauss’ signature arrows motif, the white mother-of-pearl dial is set with 7 baguette cut sapphires, which act as hour markers, and 116 white Ideal Cut diamonds. From the open back case we can see the rotor of the automatic tourbillon movement engraved with the London skyline. 
 

Carl F. Bucherer presents the new Heritage Tourbillon DoublePeripheral Limited Edition.

Carl F. Bucherer launches a limited-edition timepiece, “The Heritage Tourbillon DoublePeripheral is the embodiment of 130 years of sophistication at Carl F. Bucherer. The new timepiece reflects the golden luster, with an elaborately finished 42.50 mm, 18-karat rose gold case. The shape of the case and the design of the dial, featuring a sunburst finish and milled rings decorating its periphery, paired with striking diamond-shaped indices. The movement’s peripheral rotor was crafted in 22-karat rose gold. Louisiana alligator leather in dark brown.
 
 

Celebrity News

 

Balqees Fathi shines in Chopard for a special appearance in Riyadh.

Singer Balqees Fathi wears a High Jewellery set from Precious Chopard collection in 18K white gold featuring a full diamond watch along with a pair of ear clips and a ring. 
 

Florence Welch wearing Gucci Jewelry.

Florence Welch wore a Ouroboros multifinger ring with snake motif in 18kt yellow gold, sapphire, topaz and white and black diamonds, a GG Running necklace and ring in 18kt white gold and diamonds and a Le Marche des Merveilles necklace while attending the 27th Annual Music Industry Trusts Award 2018 at Grosvenor House in London. 
 
 
 
 

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