Population in the GCC countries has topped almost 56 Million, Swiss Watch Exports rise 5.3% in May with an average of double digit growth in the Gulf region.

   
 
 

Interviews

 

Exclusive interview with Mr. Benjamin Comar, CEO of the House of Repossi.

Last week, Repossi opened its first stand-alone boutique in the Middle East, at The Dubai Mall, in the new Fashion Avenue extension - its third store worldwide, after Paris in 1986 and Monaco in 1977. The store has been designed to complete Repossi’s signature style: the interiors are imbued with warm tones and touches of metal. The exterior uses a contemporary and modern frame that echoes the brand’s emblematic collections. The following is an insight interview with the brand’s CEO:
 
You became CEO of Repossi Jewellery house in September 2017, what is your vision for the brand?

Repossi is a 100 year- old brand where all the products have been created in the 21st century. It created new ways of wearing jewelry, looking into the future and not the past. It is the brand for women of today: I call it ‘the new Jewelry generation’

Repossi is an Italian brand that reflects and promotes minimal and modern luxury, are you going to keep building up on this term only? 

Repossi was originally founded in Italy, but I think it is now more an international brand that a pure Italian brand. The headquarters are in Paris…
As per the modernity, yes we want to remain at the edge of the jewelry market. 

In your opinion why would women choose Repossi when there are many other choices available in the market? 

Repossi is all about modern sophistication with a traditional savoir-faire that we want to keep and preserve. I think that this is what sets us apart from the other Jewelry brands; we have a strong identity that is very unique. Gaia Repossi, Creative Designer of the House, is a young and modern woman, and she understands what women want to buy and wear. Clients now want to mix and stack collections. Gaia’s designs are perfect for this and she set a trend with Berbère, Antifer and Serti sur Vide that have become our iconic pieces. Our designs speak to all ages, from 40-year-old active women, to the generation of Millennials. 

How are you coping with the growing competition?

The Jewelry market, generally speaking is very competitive, but it’s important for us to remain steady and focus on our goals. We want to develop the brand internationally, give it a new dynamic, and give access to our products to clients all over the world, but still want to protect our DNA. The brand is almost 100 year-old but has created major pieces and collection in the last decade, with a unique style, shaking the traditional jewelry landscape.
We want to offer the best pieces of Jewelry, capitalizing on our craftsmanship, uniqueness and high quality but with a modern and contemporary. 

Where does Repossi Jewellery House stand from the growing trend of sustainable jewellery? Kindly explain your thoughts and approach.

We will be soon member of the RJC (Responsible Jewelry Council) that is very demanding on the quality and origin of the materials we use but also of our process. I think sustainable jewelry is the future and we are constantly working in order to improve our sustainably. Major operations will come in the future soon.

Why did you choose Dubai to open your first boutique in the region? What are your expectations?

Opening in Dubai, especially at the Dubai Mall completely makes sense, as we want to be where our clients are. Besides the people who shop there come not only from Dubai, but also from the wider Middle East, India, Europe and China, reflecting Dubai’s status as an international travel hub. 

Dubai also has become a luxury destination like Avenue Montaigne.

It was time for us to have a presence in the region and this is the perfect occasion for us to bring Repossi to the customers through The Dubai Mall, as we have been lucky to receive GCC customers in our Paris and Monaco store for many years. 
It marks an important milestone for Repossi, after opening its first store in Paris in 1986 and we want to offer a full customer experience in our store, and use our creativity to stand out. 

What is your approach to online sales? 

We know that online has been taking a huge part in daily life, and more and more customers, especially in the GCC region are actually buying more through digital devices. 
However we think it’s important to keep the store at the center of our strategy, people will still want to try before making a purchase and this is even more crucial for Jewelry: the attention to details, the quality of the work, how the piece will be worn, ect…. Services as well is key, the treatment you get in a store will never be the same from an online website. That being said it’s something we are keeping in mind as the Middle East is on the frontier of change and customers are know for being digitally savvy so we’ll have to bring both worlds at some point. 

What are your biggest challenges?

We are a middle size brand; this is an advantage and a challenge at the same time.
The advantage comes from the fact that the jewelry culture is increased and the customer wants more and more to have something more exclusive and different from what they see from the major brands.
The challenge is to increase our awareness without loosing our soul; and let the customer understand our philosophy. In the matter the opening of the Dubai Mall boutique is the best example to realize this. 

 
 
 

Market News

 

Population in the GCC countries has topped almost 56 Million

According to a recent survey, the total population of the GCC countries has topped 55,985,687 habitants out of which 27,489,382 are locals and 28, 586,546 are expats. The ratio of locals to expats is almost 49%.


 

Swiss Watch Exports rise 5.3% in May with an average of double digit growth in the Gulf region.

Swiss watch exports continued to grow in May, up by 5.3% to 1.8 billion Swiss francs ($1.82 billion). Despite an unfavourable base effect and one fewer working day in the month, said the Federation of the Swiss Watch Industry (FH). Through the first five months of 2018, Swiss watch exports globally are up in value by 9.9% versus the same period last year. All the price segments benefited from this growth, with special emphasis on the 500-3,000 francs (export price range) and also on watches priced at under 200 francs which made considerable gains for the second month in a row. 

Hong Kong reported a very strong rise (+26.0%) and accounted for just under two-thirds of global growth, despite a distinctly unfavourable base effect. The United States (+9.8%) maintained their good momentum of recent months. Growth in China (+5.8%) slackened slightly. While in Middle East market, exports of Swiss watches increased in UAE (+1.8%), Saudi Arabia (+3.4%) Kuwait (+16.4%), Qatar (+87.3%) and Kingdom of Bahrain (+47.5%).

 

FHH launches the first “instant learning” App for watches and watchmaking.

Watch Live? It's the first ever "instant learning" app for watches and watchmaking developed by the Fondation de la Haute Horlogerie and a participatory platform for watch brands, Watch Live is set to become the all-round, must-have app that will support sales staff on the floor in their day-to-day contact with customers. Eight brands set the ball rolling with the FHH on June 27. Free from the App Store, Google Play and the main Chinese stores.

 
 

Company News

 

Chopard associated with Porsche Motorsport and Timo Bernhard.

Chopard shared the setting of a new lap time by Timo Bernhard on the legendary Nordschleife track. At the wheel of a Porsche 919 Hybrid Evo, the German driver drove the 20.832 km in just 5 minutes and 19, 55 seconds, breaking the previous record set by Stefan Bellof.

 

Repossi opens first store in the Middle East

Repossi opens its first stand-alone boutique in the Middle East, at The Dubai Mall, in the new Fashion Avenue extension - its third store worldwide, after Paris in 1986 and Monaco in 1977. The store has been designed to complete Repossi’s signature style: the interiors are imbued with warm tones and touches of metal. The exterior uses a contemporary and modern frame that echoes the brand’s emblematic collections.

 

A change of CEO at ANONIMO

Julien Haenny had been at the head of ANONIMO since 2016 but has now, as of the end of June, left his post for new pastures. Aldo Magada, having arrived on the 1st of March 2018 to take up the role of CEO for Vulcain, and in charge of steering the two watch brands in the interests of the shareholder, is to take up the reigns of the brand that was born in Italy over 20 years ago. 

 

India sparkles at June Hong Kong Jewellery & Gems Fair 2018

Leading 42 gem & jewellery exhibitors from India participated under India Pavilion organized by GJEPC at the June Hong Kong Jewellery & Gems Fair 2018. The event was held from 21 - 24 June 2018 at Hong Kong Convention & Exhibition Centre (HKCEC) with an exciting line up of exhibitors and special events. The Fair maintained its top spot as the most important mid-year jewellery sourcing event in Asia. 

 
 

Product Launch

 

Everywhere Horizon by Krayon fully personalised

After the presentation in May 2017 of the first Everywhere watch, Rémi Maillat, founder of Krayon, this year presents a new custom timepiece. The outer dial materialises the whole day with its 24 hours scale. The blue arrow, indicating the hours on this same dial describes the path of the sun as it travels through the sky. Everywhere Horizon's case, which measures 43 mm in diameter, is singularised by a bezel set with 70 baguette diamonds, weighing some 3.50 carats in total. As a final flourish, Everywhere Horizon is mounted on a black alligator strap with a white gold pin buckle.

 

Manufacture Royale presents two unique timepieces from its Androgyne collection

Manufacture Royale, has adorned two of its Androgyne collection watches in splendid colors. To achieve this kind of green and purple contrast, the first timepiece comes in an 18K rose gold case, exclusive green CVD finish skeleton movement and matching green alligator strap. The second timepiece comes in a steel case, exclusive purple CVD finish skeleton movement and matching purple alligator strap. Both are part of the Androgyne collection.  

 

Audemars Piguet presents Royal Oak Offshore Selfwinding Chronograph

The new 37mm Royal Oak Offshore Selfwinding Chronograph collection for women offers a piquant mix of diamond-set bezel with ready-for-anything stainless steel case and rubber strap. There are five new colours with contrasting blue counters: Pink – But in a Good Way, White Wows, Acid Green, High Energy Orange, and Luscious Plum. The coloured dials feature the classic “Lady Tapisserie” pattern and the bezel is set with over 1 carat of diamonds. 

 

Marguerite Secrète watch by Van Cleef & Arpels.

This year Van Cleef & Arpels flower bloomed a new as a guardian of time, a watch preserving the hours beneath a heart of yellow sapphires. When raised, the latter reveals a diamond dial that echoes the sparkle of the petals. Their finely arced silhouettes combine a precious touch with the natural appearance of a real flower, burgeoning in the sunlight. 

 

Montblanc introduces #MY4810 Trolley Luggage Collection

The #MY4810 Trolley Collection, The line consists of a small pilot case, two carry-on sized suitcases, and two large trolley cases. Each piece is delicately crafted with a black polycarbonate shell, and finished with leather handles and nylon lining. Japanese-made wheels offer 360-degree rotation as well. The practical element will no doubt appeal to the accidental tourist with a taste for the extravagant. The five pieces are all perfect for the sophisticate afflicted with chronic wanderlust. The trolley-style suitcases are available in size configurations that will appeal to weekend warriors and business trippers to long-term travelers. 

 
 

Exhibitions & Events

 

VOD Dubai International Jewellery Show 2018

The VOD Dubai International Jewellery Show returns for its second instalment on November 14 to 17 at Dubai World Trade Centre (DWTC). With strengthened show features and strategic partnerships alongside newly announced UAE initiatives aimed at positioning the country as an incubator for innovators and a hub for investors, this year’s VOD DIJS is set to further enhance the emirate’s standing as a pivotal link in the global jewellery market chain. 

Tools such as the pre-promotional road show and hosted buyers program have been designed to give maximum support for the event exhibitors. The show promotes all aspects of the global jewellery industry including craftsmanship, production, distribution, precious materials, trends and more. It’s divided into four distinctive districts – Global Brands, Fine Jewellery, Gemstones & Diamonds, and Packaging & Technology – as well as a Trade Area dedicated to exhibitors that are primarily interested in the B2B markets. 

 
 
 
 

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