Dubai sees 7% growth in non-oil trade in Q1 of 2019; Global GDP growth in 2019


Market News


Dubai sees 7% growth in non-oil trade in Q1 of 2019

According to figures from Dubai Customs, non-oil trade in Dubai rose by 7 per cent year-on-year in the first quarter of 2019 to reach Dh339 billion. Exports registered the most growth, rising 30 per cent to reach Dh42 billion while the value of re-exports increased by 7 per cent to Dh106 billion. The value of imports went up by 4 per cent to reach Dh190 billion.


Global GDP growth in 2019

The World Bank has revised its forecasts and now expects global GDP growth in 2019 of 2,6% (-0,3 basic points against  January projections): USA 2,5% (stable), Euro zone 1,2% (-0,4 basic points), Japan 0,8% (-0,1), emerging markets 4,0% (-0,3). This is line with a previous study published by TBTL's Luxury Industry Performance Index.


Company News


Chopard announces the opening of its new flagship boutique on London’s Bond Street

Chopard has announced the reopening of its London boutique on the capital’s luxurious Bond Street. Larger than ever before and refurbished in harmony with the environment to echo Chopard’s Journey to Sustainable Luxury, it thus becomes one of the key European flagship stores for the Maison which has some 160 boutiques around the globe. With this prestigious showcase resembling a comfortable, elegant family home in the heart of one of the world’s most cosmopolitan cities in the world, Chopard once again asserts its position as an ethical and contemporary Maison de Grand Luxe.


A. Lange & Söhne x Concorso d‘Eleganza

For the eighth time, the “Best of Show” winner of the Concorso d’Eleganza Villa d’Este has been awarded with a LANGE 1 TIME ZONE “Como Edition”. The prize, donated by A. Lange & Söhne since 2012, is intended to recognize the time and effort the owner invests in preserving their automotive work of art for posterity.


Jaeger-LeCoultre launches a Care Program with 8 year warranty

Underpinning its ambition to continuously provide richer, more innovative and tailored experiences for its customers, Jaeger-LeCoultre launches a Care program in line with evolving global customer needs and desire for personalized content, technical expertise and education. This Care program will deploy a dedicated digital platform, highly personalized with value-added information, advice and services as well as an up to 8-year International Limited Warranty across all clocks and watches.


India Design Fest at JCK Las Vegas Show

JCK Las Vegas witnessed India Pavilion organized by Gem & Jewellery Export Promotion Council (GJEPC) for the 16th consecutive year. This year, 40 gem and jewellery exporters participated at the “India Pavilion” and showcased a wide variety of trendy, unique and innovative jewellery made especially for the US market. This year, the India Pavilion at JCK had some special attractions. It featured an exclusive India Design Gallery, showcased some of the most magnificent jewelry pieces created for the U.S market. The theme was COSMOS, a representation of U.S. consumer trends in 2020.


GJEPC and Gem & Jewellery industry commits to contribute substantially in building Shri Narendra Modi’s New India

The Gem and Jewellery is a sector that has been contributing immensely to the economy of India.  The Government’s recent initiatives such as Jewellery Parks, Common Facility Centres (CFCs) and Skill Upgradation have been commendable; and these initiatives have geared up the sector to play a bigger role soon. GJEPC’s initiative aims at making India a global gem & jewellery manufacturing hub by promoting local artisans and indigenous design & production. The Council will work closely with all Government Ministries and bodies and units to ensure smooth and seamless conduct of business and betterment of this sector.


Product Launch


Audemars Piguet launches world’s thinnest Selfwinding Perpetual Calendar

With a movement of 2.89 mm in thickness and a case of 6.3 mm in height, the new Royal Oak Selfwinding Perpetual Calendar Ultra-Thin (ref. 26586IP.OO.1240IP.01) becomes the world’s thinnest automatic perpetual calendar wristwatch and marks Audemars Piguet’s latest technological milestone. To reach an ultra-thin movement of 2.89 mm in height, the perpetual calendar functions, normally arranged on three levels have been merged into one single layer.


TAG Heuer presents newly designed Carrera ladies watches

Elegant and enduring, the Carrera Lady timepiece features a new design that enhances the entire 36 mm collection. From bold colours to the improved readability of the dial, the revamped Carrera Lady timepieces, available with a quartz or automatic movement, deftly combine performance and style. To capture the style and personality of the new Carrera Lady watches, the Swiss watchmaker arranged a photoshoot with model, actress and TAG Heuer Brand Ambassador Cara Delevingne.


OMEGA Speedmaster Apollo 11 50th Anniversary Limited Edition

On the 50th anniversary of Apollo 11, OMEGA is proud to unveil a new Speedmaster Limited Edition that pays tribute to those iconic hours. Innovation   was   key to   the   Apollo   11   success. OMEGA  has  followed  that  theme  with a 42  mm case  in stainless  steel  and  a polished  bezel  made from 18K Moonshine™ gold.  The bezel ring itself is polished black ceramic    [ZrO2] with a radiant OMEGA Ceragold™ tachymeter scale. Two distinct zones make up the dial, including a varnished central   grey zone and   an outer black minute track.


Chronoswiss presents new Flying Grand Regulator Open Gear "ReSec"

With the Flying Grand Regulator Open Gear Retrograde Second, ReSec for short, for the first time in its more than 35-year history, Chronoswiss presents a regulator timepiece in a striking 44mm case with an automatic movement. The C.301 is an exceptional automatic calibre developed by Chronoswiss. The refined Open Gear construction makes the regulator mechanism a main design element. It is put into the spotlight at the face of the dial, where the train wheel bridges in charge of the off-centre hour display were skilfully skeletonized and screwed firmly to the dial, which in turn becomes part of the movement.


U-BOAT launches a stainless steel watch strap

U-BOAT has unveiled a new strap that has never been seen before on a U-BOAT watch available in sizes 22mm and 23mm. Made of high-end 316 marine grade stainless steel, providing best corrosion protection, it features  solid links with screw-in adjustments for a perfect fit and comfortable use. With smoothed finishing and personalised with the brand logo, it boasts a U shaped deployant clasp assuring the security of the watch.


Adler presents the Pebbles collection

The Pebbles collection’s bracelets and earrings feature cabochon sapphires, which have the same round shape as the pebbles polished smooth by the waves’ constant motion. Their pastel shades, yellow, blue, pink, are marbled with touches of rutile and white crystals, traces of their formation in the earth. The gemstones are encircled by serpentine bands of white gold, which have deposited tiny round diamonds here and there on their surface.


Louis Vuitton Men's new Fashion Jewellery collection

Louis Vuitton has introduced new fashion jewellery pieces into the current collection, a concept envisaged by Men’s Artistic Director Virgil Abloh. A natural continuation for Louis Vuitton accessories, this jewellery collection encapsulates the contemporary mood of the House and embodies the new vocabulary introduced across all categories. The collection is a reinterpretation of classic menswear chains that debuted during the men’s Spring-Summer 2019 show across various accessories and leather goods. Here, elements from these explorations are offered across pendants, bracelets, and rings.


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