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Anglo American confirms De Beers is up for sale; Richemont reports record sales for the year 2023-2024 and appoints new CEO
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Market News
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Anglo American confirms De Beers is up for sale
Confirming recent reports, Anglo American stated last week that De Beers will be “divested or demerged” from its portfolio. In an online investor presentation, Anglo CEO Duncan Wanblad said he expected the sale of De Beers - as well as a number of Anglo American’s other holdings, including its platinum unit - will be completed by the end of 2025. Anglo controls 85% of De Beers, while the government of Botswana owns 15%. Wanblad declined to speculate on possible new owners for De Beers. Wanblad noted that any De Beers sale will not affect the company’s yet-to-be-signed 10-year contract for Botswana’s gems. |
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Richemont reports record sales for the year 2023-2024 and appoints new CEO
Following the announcement of a record year for Swiss watch exports in 2023, as well as strong revenues for both LVMH and the Swatch Group, it is now time for the other giant of the industry, the Richemont Group, to report record sales for the year ended 31 March 2024, with revenues up 3% at actual exchange rates to EUR 20.6 billion. The group also announces important changes at its direction, with the appointment of Nicolas Bos (currently CEO of Van Cleef & Arpels) as the new Chief Executive Officer of Richemont effective 1 June 2024. |
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Company News
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A. Lange & Söhne at the Concorso d’Eleganza Villa d’Este 2024
The Concorso d’Eleganza Villa d’Este is one of the biggest and most traditional competitions for classic cars. A. Lange & Söhne has been a partner of this prestigious event since 2012 and will once again present a special edition of the 1815 CHRONOGRAPH as the award for this year’s “Best of Show”. From 24 to 26 May 2024, owners and enthusiasts of rare vintage cars will meet in Cernobbio in northern Italy to admire the masterpieces on wheels on display in the spacious grounds of Villa d'Este. These exquisite and rare gems, which offer exciting insights into the legendary and eventful history of the automobile, compete in various categories to win over the jury of experts. |
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Product Launch
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Discover the new Alpine Eagle Kuwait Edition by Chopard
Firmly committed to respecting traditions and cultures, Chopard is dedicating a special edition of its Alpine Eagle collection to Kuwait's rich heritage. Together with long-term partner Trafalgar, Chopard unveils the Alpine Eagle Kuwait Edition adorned with a "Golden Iris" dial featuring a golden-toned gradient inspired by the beauty of desert landscapes. Measuring 41 millimetres in diameter, this timepiece issued in a 50-piece limited edition is crafted from Chopard's exclusive ultra-resistant and highly luminous Lucent SteelTM, made with a recycling rate of at least 80%. It beats to the rhythm of the Chopard 01.15-C movement, whose high-precision timing is authenticated by chronometer certification.
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Perrelet presents its new creation “Turbine Hypnotic”
The inexhaustible creativity of Perrelet's designers is once again expressed in the new “Turbine Hypnotic”. For the new “Turbine Hypnotic”, the Perrelet’s team drew inspiration from the Turbine Paranoia, a special edition launched in 2012 that featured the turbine blades decorated with a spiral motif in Super-LumiNova, while the sub-dial was monochrome. The new “Turbine Hypnotic” goes one step further: it sports the spiral motif in Super-LumiNova with green light emission, not only on the blades, but also on the lower dial. As the turbine spins, the two spirals merge to create unexpected geometric shapes, similar to those of an ever-changing, glowing kaleidoscope. The result is striking and magnetic, enchanting and almost magical. |
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Presenting the Red Carpet Collection by Chopard
Around world, in every culture and at every stage in life, Fairy Tales are part of our collective imagination. These fabulous stories, often based on popular folklore, invite us to daydream and fling open the doors of our imagination. Enchanted forests, faraway kingdoms, talking animals, fantastic creatures with magical powers: these are the kind of childhood reminiscences that have inspired Chopard’s Co-President and Artistic Director Caroline Scheufele to create a brilliant and highly personal interpretation. A world composed of 77 one-of-a-kind Haute Joaillerie creations, enhanced by the talent of passionate artisans. Over the years, Chopard has paid tribute to the animal and plant kingdoms, demonstrating a remarkable talent for highlighting life in all its manifestations. |
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Buccellati presents Four Butterflies for Four Generations
Buccellati's exhibition 'The Prince of Goldsmiths, Rediscovering the Classics' opened on 18 April in Venice, at Oficine 800, on the island of Giudecca. Signed in the creative concept by Balich Wonder Studio, it is an immersive experience to present Buccellati's mastery in creating objects of high value and aesthetic impact. The first room 'The Buccellati Generations', where four butterfly-shaped brooches are on display: the first is by Mario, the founder; the second by Gianmaria, one of his sons; the third by Andrea, Gianmaria's son; while the fourth, the 'Buccellati Venezia Butterfly', was created by Andrea Buccellati, in collaboration with his daughter Lucrezia, exclusively for this exhibition. The four brooches therefore represent the excellence of the Buccellati Maison, its deep-rooted craftsmanship and the techniques that have been used for over a century to create all its jewellery pieces.
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Exhibitions & Events
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Plain Gold Jewellery Exports Grew by 61.72% to US$ 6792.24 million in FY 2023-24
For the FY 2023-24, exports of Plain Gold Jewellery surged by an impressive 61.72% to US$ 6792.24 million as compared to US$ 4199.96 million in FY 2022-23. “Total Gold jewellery (plain & studded jewellery), which experienced a 10.47% decline between April 2023 to September 2023, rebounded strongly in the latter half of the year, achieving a growth of 46.91%.” The UAE emerged as a significant market for plain gold jewellery exports from India, experiencing remarkable growth of 107.2% to reach USD 4,528.66 million in FY 2023-24, compared to USD 2,185.67 million in the previous year. Markets of UAE & Bahrain accounted for over 85% of India’s plain gold jewellery exports. Australia also witnessed a growth of 37% in plain gold jewellery exports attributing its growth to the India-Australia ECTA. |
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Celebrity News
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Sophie Wilde & Mike Faist Laureates of the Trophée Chopard 2024
The Académie du Trophée Chopard has voted actress Sophie Wilde and actor Mike Faist as the Laureates of the 2024 edition. Annually awarded since 2001 at the initiative of Caroline Scheufele, the Trophée Chopard is presented to two actors with promising careers at an official dinner of the Cannes Film Festival – which Chopard is an official partner. Sophie Wilde and Mike Faist received their awards on May 17th 2024 from Demi Moore, the Godmother chosen by Caroline Scheufele for the 2024 Trophée Chopard ceremony. |
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