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Dubai Approves Record Dhs302.7 Billion Budget for 2026–2028; The Winter Egg by Fabergé Sets New World Auction Record at Christie’s
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Market News
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Dubai Approves Record Dhs302.7 Billion Budget for 2026–2028
Dubai has approved its largest multi-year budget cycle, with planned expenditure of Dhs302.7 billion and projected revenues of Dhs29.2 billion for 2026–2028. The 2026 budget alone is set at Dhs99.5 billion, focusing on development initiatives aligned with the Dubai Plan 2033 and Dubai Economic Agenda D33. Announced by Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum, the plan aims to drive sustainable economic growth and boost investment in key sectors such as digital transformation, space research, and artificial intelligence. The Department of Finance expects the budget cycle to generate an operating surplus of up to 5% of Dubai’s 2026 GDP. |
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The Winter Egg by Fabergé Sets New World Auction Record at Christie’s
A historic moment for the market, The Winter Egg by Fabergé has sold for £22,895,000/ $30,244,295/ €26,008,720, setting a new world auction record for a work by Fabergé for the third time in its storied history, all at Christie’s. Having captivated the imagination of international collectors, connoisseurs and the wider public alike, the saleroom broke into applause as the gavel went down on this top lot of the evening. Starting Classic Week at Christie’s London with a flourish, The Winter Egg and Important Works by Fabergé from a Princely Collection and the Old Masters Evening Sale realised a combined total of £40,515,964/ $53,521,588/ €46,026,135. |
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Company News
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Ananya Opens Flagship Store in Mayfair’s Burlington Arcade
The brand’s heritage and spirit. The two-story boutique offers a sanctuary for friends, family, and clients to explore the brand’s soul, showcasing signature collections such as Carved, Chakra, Chakra Icon, Mogra, Scatter, and exceptional high jewellery, Magnificent Jewels. Highlights include brass-etched astrological display cabinets, bespoke joinery, and the Constellation Suite—a tented private space hand-embroidered by Julia and Sita, inspired by constellations and horoscopes. An antiqued pink mirror leads to a tea bar upstairs. Located in Burlington Arcade, the store combines craftsmanship, celestial inspiration, and luxury within Mayfair’s iconic shopping destination. |
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Product Launch
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Louis Erard x Konstantin Chaykin Unveil the Unfrogettable: A Whimsical Twist on Time
Louis Erard and Konstantin Chaykin return with the playful yet masterful Unfrogettable, a watch that twists tradition and leaps over convention. Inspired by Slavic myth, the Frog Princess dons samurai armor and comes alive in a fully reworked Swiss Jura case. The iconic Louis Erard regulator display is flipped horizontally: hours at 9 o’clock, seconds at 3 o’clock, with an arrow-shaped minutes hand at the center. As time passes, the pupils spin, animating the dial. With violet or forest green grained bases, matching lacquered nostrils, and a dual-tone minutes ring, this creation blends whimsical storytelling with precision and technical mastery.
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RAYMOND WEIL Debuts the Toccata Heritage x seconde/seconde/ Limited Edition
RAYMOND WEIL collaborates with Romaric André, the creative mind behind seconde/seconde/, to present a bold reinterpretation of the new Toccata Heritage dress watch. This bespoke limited edition blends Swiss watchmaking expertise with playful, ironic design. Following the launch of its 50th-anniversary countdown, the brand invited André to reimagine the Toccata Heritage through a refined, game-like concept—a horological “Simon Says.” With subtle rule-bending and contemporary flair, he brings fresh character to a classic masculine timepiece. The Toccata Heritage x seconde/seconde/ limited edition stands as a tribute to elegance, creativity, and humor. |
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Exhibitions & Events
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JGTD 2025 Sees 15% Rise in Buyers with Record 55% International Turnout
The fourth edition of Jewellery, Gem & Technology in Dubai (JGTD 2025) recorded its strongest performance to date, welcoming 5,667 trade buyers - a 15% increase from the previous year. Delegates from 102 countries and regions underscored Dubai’s growing role as a leading B2B sourcing hub, despite challenging market conditions, organisers Informa Markets Jewellery and Italian Exhibition Group SpA reported. International participation surged 55% to 3,332 buyers, representing 59% of total attendance - the highest since JGTD’s inception. The three-day fair, held at Halls 1 & 2 South of the Dubai Exhibition Centre, drew delegations from 25 countries and major markets including China, India, Israel, Saudi Arabia, Sri Lanka, Türkiye, and Uzbekistan. |
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Vicenza Jewellery Museum Unveils New Exhibition: Jewellery – Italy: Ancient to Modern
The Vicenza Jewellery Museum is now open to the public with its new exhibition, Jewellery – Italy. Material Technique Art. Between Ancient and Modern, curated by renowned scholar Paola Venturelli and running until 2027. Tracing the evolution of Italian jewellery from 5 BC to the 21st century, the exhibition brings together artefacts and works from 13 museums and foundations. Housed within the UNESCO-listed Basilica Palladiana, it highlights the artistry, technique, and creativity of Italian jewellery. This marks the start of a new exhibition cycle, positioning the museum as one of the few worldwide dedicated exclusively to the art of jewellery. |
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Celebrity News
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Dua Lipa Dazzles in Bvlgari for 2026 Winter Olympics Global Campaign
Global pop sensation Dua Lipa stars in the newly released campaign for the 2026 Milan-Cortina Winter Olympics. She stuns in full Bvlgari High Jewelry, featuring a diamond and sapphire necklace, a Serpenti choker, and multiple rings, perfectly complementing her striking look. |
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Natalia Vodianova Stuns in Chaumet at Franca Fund Gala
At the Franca Fund Gala held at Doha’s Museum of Islamic Art, supermodel Natalia Vodianova captivated in Chaumet. She wore the striking Bee de Chaumet plastron necklace paired with matching Bee de Chaumet earrings, perfectly embodying the Maison’s signature elegance and refined craftsmanship. |
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Sydney Sweeney Shines in Messika at The Housemaid New York Premiere
Sydney Sweeney, starring in the leading role of The Housemaid, attended the New York premiere wearing Messika creations: the High Jewelry White Midnight Sun earrings and the Concorde ring, set with a 4-carat pear-shaped diamond. |
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