AWJ Webletter Broadcast Issue No. 187

Market News

Mechanical watches posts sales increase of 49.1 percent in the UAE

The market for luxury Swiss watches grew by 49.1 percent in the first three months in the UAE in a dramatic recovery from last year figures when statistics from the Federation of the Swiss Watch Industry (FSWI) showed that sales in the first nine months of 2009 slumped by 34.7 percent. This is reflected in the sales of mechanical watches which have been increasing steadily.

A New “Qatar Luxury LLC” operating in Doha

Qatar Luxury LLC has recently established as a Joint-Venture between His Excellency Sheikh Jassim Ben Hamad Ben Jassim Ben Jaber Al Thani, Mr. Mohammad Abdullatif Al Mana, Jamal Olabi and Al Mezah Int’l Trading LLC. Further, Qatar Luxury will take over all agencies of Al Mezah Int’l Trading LLC and continue the business as the Master Distributor covering the Entire Middle Eastern Region, Iran, Turkey, Pakistan, India and North Africa.

Armani Group sees strong growth after good results to date

The Armani Group, which opened the world’s first Armani Hotel in Dubai’s Burj Khalifa earlier this year, generated consolidated revenues of approximately 6 billion Euros (Dh27.83 billion) in 2009, showing only a slight decrease against the previous year’s figure (-6 percent). The Group revenues show strong growth in the Far East, particularly in china, which posted 32 percent increase over 2008.

Company News

Omega: Solar Impulse first night flight

Solar Impulse on the morning of 8th July became the first ever manned solar-powered aircraft in aviation history to fly through the night with no fuel. OMEGA is proud of the contributions it has made to this pioneering adventure and congratulates its Solar Impulse partners for this important next step. The OMEGA team managed to create a system which delivers astonishing watts per weight ratio.

Cameron Diaz wears Pomellato necklace at the Brazilian premier of Knight and Day

Cameron Diaz wore a Pomellato necklace, from the Tango collection, in rose gold and brown diamonds, to the Brazilian premiere of her new film with Tom Cruise, ‘Knight and Day’ in Rio de Janeiro, Brazil.

CNBC interviews Jean-Claude Biver

On Tuesday Jean-Claude Biver, CEO of Hublot, was interviewed by CNBC. Biver said on the interview how being the official sponsors of the World Cup enables the watch maker to not only meet its actual customers, but its future ones too. Biver added that Hublot is proud to be the first official World Cup time keepers since 1930.

Indian director to receive the Jaeger-LeCoultre glory to the film maker award 2010

Jaeger-LeCoultre celebrates its six years of partnership with the Venice International Film Festival and this year, Indian director Mani Ratnam will receive the Jaeger-LeCoultre Glory to the Filmmaker Award. As in previous editions, together with the award the director will be presented with a Reverso Jaeger-LeCoultre watch.

Raymond Weil launches new brand campaign

Raymond Weil and eYeka has launched the new Raymond Weil by You Brand Campaign. The new brand campaign aims to do what it promises - putting the consumer at the heart of the campaign. The campaign kicks off in the form on a genuine open conversation hosted on Raymond Weil websites and activated through every social media and communication channels, including Facebook and China social media site Douban.

Breguet opens boutique in Singapore

Breguet has announced the opening of a new boutique in Marina Bay Sands, Singapore. This ultra -modern new complex houses a spacious 115 square-metre Breguet showroom featuring a number of the brand’s signature attributes. The engraved glass echoes the famous engine-turned guilloche pattern on the dials, and its royal blue colour pays tribute to the pocketwatch made for the Empress Josephine.

A. Lange & Sohne presents TOURBOGRAPH Pour le Merite

This year A. Lange & Sohne commemorates the spiritual legacy of Ferdinand A. Lange, who founded the Germany’s precision watchmaking industry 165 years ago, with a special collection of three exceptional complications. The undisputed star in the collection is the TOURBOGRAPH “Pour le Merite”, the culmination of the art of watchmaking as practised at A. Lange & Sohne.

Product Launch

Bell & Ross Launches BR 03-92 Phantom Infiniti

Bell & Ross has launched the BR 03-92 Phantom Infiniti watch. This is 42 mm in diameter, 316L glass bead blasted steel with black finishing type. The BR 03-92 offered automatic mechanical ETA 2892 movement and water resistant to 100 m / 325 ft. This timepiece is limited edition to 100 pieces.

Jean Dunand presents Palace watch

Jean Dunand has presented the Palace watch. This timepiece beats a one-minute flying tourbillon, placed at the 6 o’clock position, the balance operating at a frequency of 3Hz. Above it are skeletal hour and minute hands, and a sapphire crystal 60-minute counter for the chronograph. On either side of the flying tourbillon are two vertical tracks, the one in the right-hand corner charting its 72-hour power reserve, the other a linear GMT indicator.

Arnold & Son introduces True Moon Meteorite watch

Arnold & Son has introduced the True Moon Meteorite watch. This watch is powered by a world-first mechanism capable of keeping precise track of the true waxing and waning faces of the nocturnal heavenly body. It is calculated on the exact synodal period corresponding to 29 days, 12 hours and 44 minutes. Moreover, the dial is meteorite stone from Arizona. It represents only 14 percent of all meteorite stones found on Earth.

Liali Jewellery introduces Ruby jewellery collection

Liali Jewellery has introduced the Ruby jewellery collection. The popular set comprises of a ring, earrings and a pendant with chain. The beauty of the set is highlighted by 12 brilliant-cut diamonds which team with an oval shaped ruby in the centre. This winning alliance makes for a startling combination.

Louis Moinet unveils four Meteoris watches

Louis Moinet has unveiled four new Tourbillon watches, each with its own genuine Meteorite. Together, the four Meteoris watches uniquely unite the most legendary meteorites and depict the solar system in spectacular fashion, with each watch featuring a authenticated meteorite and a design inspired by that meteorite’s history and/or origin. Each watch also provides visibility of the winding mechanism through its case-back.

Tateossion introduces commemorative cufflinks

Tateossian celebrates the Chinese year of the Tiger with commemorative Cufflinks. This striking Tiger Cufflink is the latest edition to the Tateossian animal cufflink collection and is finished off with a yellow fiber optic glass stiff-bar. The tiger is engraved with intricate markings to create the perfect replica of one of the world’s most majestic animals.

Tiffany & Co. launches Tiffany Celebration Rings

Tiffany & Co. has launched the new line of Tiffany Celebration Rings to commemorate an important event in one’s life. Some rings in the collection use round or square diamonds. One is set in delicate ribbons of diamonds in a weave pattern, yet another one is the five-row pave diamond band from the Etoile collection and Eternal Link diamond band.

Exhibitions & Events

Frederique Constant hosted a glamorous dinner, celebrating the Passion Awards for Charity 2010

Frederique Constant hosted the Passion Awards for Charity Dinner at Cipriani Wall Street, awarding the American Heart Association with a $50,000 check for their charitable efforts to prevent heart disease and stroke. Frederique Constant’s Founder & CEO Peter Stas presented the check to Senior Vice President Helaine Baruch of the American Heart Association.

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