Swiss Watch Export analysis – September 2016/2017, UAE’s gold industry changes design strategy to add glitter, Harry Winston sets up Jewelry Design Scholarship at FIT.

Market News

UAE’s gold industry changes design strategy to add glitter.

The business of gold and glitter is going through a transition in the UAE. The bigger jewellery houses are gradually moving away from just selling imported gold jewellery to actually manufacturing them in Dubai.

The Goods and Services Tax (GST) became effective on July 1, and on gold and jewellery transactions it is set at 3 per cent against the 2.25 per cent sales and excise tax earlier.

Harry Winston sets up Jewelry Design Scholarship at FIT.

Harry Winston wants to help the next generation of jewelry designers. The legendary jeweler has established an endowed scholarship at the Fashion Institute of Technology to support one student majoring in jewelry design ever year.

Company News

Chopard to present first edition of the Classic Rally in Dubai.

Chopard, along with partner Ahmed Seddiqi & Sons and Emaar Properties present the first edition of the Chopard Classic Rally Dubai, a two-day demanding competitive regularity rally. This rally will take place on November 10th and 11th bringing together 30 teams, which will pilot from Dubai in their vintage automobiles. Karl-Friedrich Scheufele, Chopard Co-President and a passionate driver of collector’s cars, will be taking part in this first edition, competing along with legendary pilot Jacky Ickx.

Carl F. Bucherer opens its first boutique in Moscow.

Carl F. Bucherer opened its doors for the first time in the exclusive Smolensky Passage Shopping Mall in the historic, cultural and business center of Moscow. After years of success in Russia in multibrand boutiques, this important step allows Carl F. Bucherer to offer their clients an even richer brand experience and more comprehensive service.

Montblanc inaugurates neo-concept flagship boutique.

Montblanc reopens its flagship boutique in Dubai Mall, showcasing the new Neo-concept boutique design currently being rolled out globally. The official opening was marked at an evening event attended by 150 VIP customers, media and friends of the Maison on 11th October, and hosted by Nicolas Baretzki, Chief Executive Officer of Montblanc International.

IWC Schaffhausen reopens its boutique in Beirut.

IWC Schaffhausen celebrates the reopening of its Beirut boutique with an exclusive event, where the newly designed concept boutique offers an unparalleled customer experience. The reopening event was attended by prominent celebrities and brand representatives such as Jacques Atamian, owner of Est. H. Atamian, Mher Atamian, Managing Director of Est. H. Atamian, IWC brand ambassador Raya Abirached and Lana El Sahely.

BVLGARI sets its cinema scene at the Dubai Mall.

On October 15th, Bulgari welcomes the press and the star Lebanese Actress Nadine Nassib Njeim to unveil the Bulgari “Pop (Up) Corn” located in the Fashion Avenue at The Dubai Mall.

Immersed in a fizzy interpretation of the 1960’s cinema one were invited to discover the Divas’ Dream bags exclusively available on the pop up along with novelties of the brand with a highlight on the Jewelery Divas’ Dream capsule collection.

BWD officially partners with TAG Heuer.

Bamford Watch Department announces a new partnership with the TAG Heuer which will see the two industry innovators join forces to offer customised versions of TAG Heuer watches. Sourcing all watches, components and other supplies directly from the TAG Heuer Manufacture in La Chaux-de-Fonds in Switzerland, customers are given the opportunity to personalise a TAG Heuer watch directly from www.bamfordwatchdepartment.com using a dedicated new online customiser with over a billion customisation options.

Louis Moinet opens its first boutique in Moscow.

The opening of Louis Moinet’s first ever boutique marks a decisive step for the firm. Located in Moscow, the boutique will be operated by Rich Time, Louis Moinet’s historic partner in the city, brand representatives with a unique dynamic whose success has been amply demonstrated in recent years.

Bovet 1822 Sponsors the Artists for Peace and Justice Festival Gala.

The Artists for Peace and Justice (APJ) Festival Gala, presented by title sponsor BOVET 1822, returned in its ninth year at a new downtown location, the Art Gallery of Ontario (AGO) on September 10, 2017. $1.1 million dollars was raised at the gala event, which was held during the Toronto Film Festival. The APJ Festival Gala was co-hosted by an influential team, including APJ founder Paul Haggis, and joined by, Cuba Gooding Jr. and Audrey Raffy, daughter of BOVET 1822 owner Pascal Raffy.

Product Launch

Audemars Piguet launches new Royal Oak Frosted Gold Limited Edition.

Audemars Piguet unveils the new Royal Oak Frosted Gold Limited Edition 41mm of 200 pieces, the following features are 18-carat white gold case and bracelet, glareproofed sapphire crystal caseback, and blue toned “Grande Tapisserie” dial and Royal Oak hands with luminescent coating.

A.Lange & Söhne introduces 1815 Rattrapante Perpetual Calendar Handwerkskunst.

The Handwerkskunst dial and the hinged cuvette consist of blue enamelled white gold with elaborate relief engravings. Ennobled with special decorative techniques, the movement stands out with the rare and fascinating combination of a split-seconds chronograph and a perpetual calendar with a moon-phase display. Hand-stitched alligator leather strap, blue-grey with grey seam and Lange deployant buckle in white gold.

Vacheron Constantin reveals The Overseas Middle East Special Edition Watch.

The Overseas Middle East Special Edition is created in satin-brushed 18-karat pink gold. The dark brown dial features a sunray finish reminiscent of the sun’s vibrant reflections, with Arabic numerals and gold faceted hands, whilst the 84 diamonds in the surrounding bezel. The design is completed by a caseback engraved with the wind rose. Available with interchangeable straps of pink gold, alligator and rubber.

RJ-Romain Jerome presents RJ X Hello Kitty watch.

RJ-Roman Jerome collaborates with Sanrio to release its first women’s collection RJ X Hello Kitty through an exclusive limited edition timepiece paying tribute to Hello kitty. The more neutral steel case, unique to the 40 mm models, helps emphasize Hello Kitty placed at the center of the highly-crafted dial. The different finishes and pixel levels create a true sense of depth, increased by the black outline of the hand-filled applique placed on top.

Exhibitions & Events

The 5th edition of GOLD/ITALY 2017 Show.

Italian Exhibition Group S.p.A. (IEG) announces the 5th edition of GOLD/ITALY 2017, the international Show dedicated exclusively to jewellery Made in Italy, which will take place in Arezzo from 21st to 23rd October 2017.

The Art of de GRISOGONO - Creation I’ on a tour- in Dubai.

de GRISOGONO and Christie’s presented “The Art of de Grisogono, Creation 1”, a high-end jewellery necklace featuring a 163.41-carat Flawless D-Colour diamond in Dubai earlier today as part of their international tour to showcase this unique piece. The emerald-cut diamond is the largest ever to be presented at an auction and will be sold at Christie’s in Geneva on 14th November, 2017. The announcement was made in a press conference during the presence of Fawaz Gruosi at the Four Season Hotel Jumeirah in Dubai.

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