UAE to deliver three-stage ‘flexible package’ of measures to bolster economy; Prices drop further in Dubai’s VAT-free week; OMEGA presents the new Constellation Gents’ Collection

Market News

UAE to deliver three-stage ‘flexible package’ of measures to bolster economy

The UAE will deliver a three-stage ‘flexible package’ of measure to bolster the economy, including steps to support the labour market and encourage investment. The proposals would provide “studied” stimulus packages that includes 33 initiatives to be implemented until the end of 2020, which cover all sectors and economic activities. The new initiatives were proposed by the new Minister of Economy, Abdullah Bin Touq Al Merri, who will head a new committee that will monitor the implementation and progress of all 33 initiatives.

Prices drop further in Dubai’s VAT-free week

More retailers in Dubai are launching “VATfree” special offers as part of Dubai Summer Surprises to get prospective buyers to make those purchases now rather than take longer to decide. It’s the first time that a VAT focused campaign has been initiated on this scale, with the offers running for a week to August 13. Leading car dealerships have already introduced these plans, along with the other incentives, such as extended warranty, free insurance, and increased limits on free servicing. The Dubai Summer Surprises campaign, ‘24/7 VAT Free Week’, has seen leading retailers joining in. Running from August 7 to 13, it is also available on retailers’ online portals too.

Product Launch

OMEGA presents the new Constellation Gents’ Collection

The new 41 mm watches reflect a particularly bold and sophisticated spirit, while they also beautifully capture the Constellation’s most famous design traits – such as the iconic claws, and the half-moon facets at either end of the case. Furthermore, OMEGA has integrated some of its finest and most advanced watchmaking materials into the designs. This includes models in stainless steel, 18K gold, or a combination of both. Additionally, almost all the bezels have been crafted in polished ceramic – replicating the look of the original Constellation Manhattan of 1982, which used shiny sapphire glass.

Girard-Perregaux unveils the Quasar Azure

Girard-Perregaux has unveil the Quasar Azure, a new iteration of the original Quasar encased in azure blue sapphire crystal, recalling the Manufacture’s first Bridges timepieces created in 1867. This new model is a limited edition of eight pieces, conferring a notable degree of exclusivity. Named after a luminous astronomical entity - the Quasar – its azure blue case is sculpted from a single sapphire disc. This case, with its sapphire crystal box, provides striking aerial views of the Manufacture’s skeletonised movement, the Calibre GP09400-1035.

Blancpain launches a blue Bathyscaphe in Sedna® gold

For the first time combining a blue dial and bezel with a Sedna® gold case, the new Bathyscaphe by Blancpain is an elegant addition designed to delight lovers of water sports and beautiful watches as well as experienced divers. Crafted from Sedna® gold – a gold, copper and palladium alloy guaranteeing the exceptional durability of red gold –, the 43 mm case features a sharp outline and satin finish that gives the Bathyscaphe a sporty yet refined look. The Sedna® gold unidirectional rotating bezel is fitted with a ceramic insert including a Ceragold® time scale and hour-markers.

Armin Strom releases Gravity Equal Force 18ct rose gold

After the great success of the premiere model in stainless steel, the edition is now being supplemented by a 18ct rose gold with black alligator leather strap. The black dial gives the remarkable timepiece an elegant retro character and highlights the new design of the watch with striking contrast. Gravity Equal Force is the newest watch demonstrating an Armin Strom core principle: always be innovating. This watch takes the traditional mainspring barrel and turns it on its head by adding a stop-work declutch mechanism combined with automatic winding to create consistent power delivery to the balance.

Eberhard & Co. presents Black Traversetolo

Blazing the trail for oversized cases in the 1990s and still one of watchmaking lovers’ favourite models, Traversetolo show off a new look. The painstaking attention dedicated to the dials is one of the strengths of this model. Traversetolo comes in a closed caseback version and in a “Vitré” variant that enables the movement to be seen through the sapphire glass caseback.

Moritz Grossmann introduces BACKPAGE Transparent

With the BACKPAGE Transparent, Moritz Grossmann offers a showcase for the beauty of Grossmann’s watchmaking artistry. The watchmakers from Grossmann have designed the calibre 107.0 with a mirrored High-Artistic Finish and moved it to the dial side. The moving spectacle of the movement with Grossmann’s balance wheel, ratchet wheel, crown wheel and Glashütte stopwork with backlash can be admired in its entirety through the transparent sapphire crystal dial. Calibre 107.0 is essentially a mirror image of the calibre 100.1, but with crucial new design elements. An additional wheel between the crown wheel and the ratchet wheel reverses the entire drive train with respect to the rotation of the mainspring barrel.

Bereve introduces Royal and Arabian Horse Enamel Grand Feu

The horse. A symbol of freedom, power, grace, sensitivity. Based on the same way of thinking as the rest of the Bereve collection, this newly artistic creation embodies all these elements on your wrist. The freedom to wear something unique and handcrafted, the power of fire in the Grand Feu - Cloisonné technique, the grace in its simple and clear design, the sensitivity needed for more than 100 hours of manufacturing processes.

Pomellato unveils its new gold jewellery collection

Elegantly audacious, the Fantina collection of gold jewels takes Pomellato to new frontiers of excellence in design. Stripped back to a refined simplicity, the Fantina strikes a bold stance, full of character and purpose. Exploring the origins of the Pomellato name, the collection is inspired by the founder Pino Rabolini, the son and grandson of goldsmiths, whose family told when he said he wanted to ride his own destiny: ‘make sure you pick a winning horse.’ Pino Rabolini did some research and discovered that dappled horses were the most majestic, so he chose Pomellato, the Italian for ‘dappled’ as the name for his new venture. Indeed, the House’s first logo was the stamp of a horse’s head.

Montegrappa presents Elmo Ambiente - Calligraphy with a conscience

The Elmo Ambiente’s 100% recycled resin casing has been developed in collaboration with the artisanal materials studio, Smile Plastics. Two semi-translucent finishes offer an insight into the mechanics of writing, and a reflection on the larger narrative of all the things we touch. A suite of recycled desk accessories underlines its core message, while further exploring the beauty of materials that have already served another purpose.

STEPHEN PR appointed to represent Dinh Van in the Middle East

Dubai based, boutique communications agency STEPHEN PR, has been appointed to handle the PR and communications for global designer jewellery brand Dinh Van Paris. With a boutique in the worlds shopping hub, the Dubai Mall, both brand and agency plan to work together towards fostering brand awareness in the Middle Eastern region.

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