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L'azurde posts 112% increase in its net profit for Q2 2021; BOVET 1822 and Automobili Pininfarina announces new partnership
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Market News
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L'azurde posts 112% increase in its net profit for Q2 2021
L’azurde Company for Jewelry (“L’azurde”, “the Group”, “the Company”) has recently announced its financial results for the second quarter of 2021, reporting a continued strong performance during current half year. The Group’s operating revenues for the first half of 2021 amounted to SAR 260 million, generating an operating profit of SAR 48 million, a whopping increase of 225% compared to same period of last year. Net profit for first half of 2021 amounted to SAR 18 million. The Group has also managed to generate a positive cash inflow from operations of SAR 34 million in the first six months of 2021. These positive figures are mainly due to the successful implementation of commercial and strategic transformational initiatives undertaken by the Group in 2020, further building on the remarkable growth it achieved in Q1 2021. |
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Company News
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BOVET 1822 and Automobili Pininfarina announces new partnership
A new chapter in the history of BOVET 1822 and Pininfarina is being written with the announcement of the partnership between BOVET 1822 and Automobili Pininfarina, celebrating the creation of the first automobile designed and completely assembled in Cambiano – the exquisite new Battista pure-electric hyper GT. The new collaboration was officially launched at an exclusive event at Monterey Car Week in California and will see a unique new timepiece revealed later this year. Automobili Pininfarina is taking the next step to delivering its pioneering pure-electric hyper GT at Monterey Car Week, where the first production-spec example made its world premiere, alongside the US debut of the exclusive Battista Anniversario. |
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OMEGA welcomes swimming stars in Tokyo
The clocks were ticking, but the pace was altogether slower, when two star athletes from OMEGA’s roster of swimmers took a break from the fast lanes to enjoy a relaxing tour of the brand’s legendary precision. South African Chad Le Clos and Swiss swimmer Jérémy Desplanches were celebrity guests at the Official Timekeeper’s showcase of technology in Tokyo. The visit was a double celebration for Jérémy Desplanches, as it took place on Swiss National Day and followed his recent bronze medal win in the 200m Individual Medley. During the visit, Chad Le Clos wore OMEGA’s Seamaster Planet Ocean 600M Co-Axial Master Chronometer Chronograph in stainless steel with blue ceramic dial and bezel and blue leather strap. Jérémy Desplanches wore the Seamaster Professional Diver 300M in stainless steel with polished white ceramic dial and black ceramic bezel. |
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Product Launch
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Rebellion presents the RE-Volt Skeletonized GTWC
Following the success of the Twenty-One GMT and Wraith Chronograph GTWC limited editions, Rebellion unveils a RE-Volt Skeletonized GTWC watch during the SPA 24 Hours in Belgium. Official timekeeper of this legendary endurance race and partner of the GT World Challenge Europe Powered by AWS organiser, Rebellion breathes its passion for motor racing into this new model adorned in black and red. Like all models in the collection, this ultra-sporty looking version combines high-tech with exceptional performance. On the dial of the Rebellion RE-Volt Skeletonized GTWC, the essentials are displayed on the wrist. Coated in luminescent material, the hour and minute hands glide over the skeletonised calibre. All in lightness, Rebellion once again signs a composition of great purity and excellent readability. |
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Moritz Grossmann unveils two new HAMATIC Vintage versions in 750/000 white and rose gold
Throughout their history, Glashütte’s watchmakers have always exercised meticulous care in the finishing of their timepieces. Indeed, the outward appearance of luxury timepieces has consistently been seen as a reflection of the first-class workings within. Moritz Grossmann follows this traditional principle, in which the ultimate in precision is fused with sophisticated aesthetics, by introducing two new versions of the HAMATIC Vintage in 750/000 white and rose gold. The silver-plated by friction dial features the authentic finishing technique used in the 19th century. The exquisite manufactory movement with an innovative automatic hammer mechanism similarly dates back to this period. Masterfully perfected by the Grossmann designers, the historic mechanism using a pendulum-style weight is endowed with a modern interpretation in the HAMATIC Vintage. |
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RESERVOIR presents GT Tour Carbon IDEC Sport Edition 2021
RESERVOIR watch has announced that it will be the official watchmaker of IDEC Sport for the European Le Mans Series 2021. The house will embark onboard the LMP2 #48 racing car during the next legendary endurance event: the 24 Hours of Le Mans 2021, on 21st-22nd August. A limited series of 24 GT Tour Carbon “IDEC SPORT Edition 2021” pieces will be installed inside the car cockpit, and will complete the legendary race for 24 hours, along with the 3 pilots: Paul Lafargue, Paul-Loup Chatain and Patrick Pilet. Each watch will thus go through all the kilometres of the racing circuit, symbolizing the determination and the audacity of the teams for this worldwide competition. |
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Discover the Waltz N°1 by Carl Suchy & Söhne
Capture the pure elegance of Vienna. Meet the brand’s black beauty version of the Waltz N°1. Boasting a gorgeous ADLC–coating, the black beauty version of Waltz N°1 features a sporty yet mysterious look, perfect for a stroll into the local coffee house as well as for a night out in the opera. The automatic wristwatches are handcrafted in strictly limited production series. Inspired by the dancing rhythm of the Viennese Waltz, the Waltz N°1 features a rotating disk at six o clock, aligning with the pattern every full minute – For the Viennese sense of time, where not every second counts. |
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Bravur presents La Vuelta, the final model in the Grand Tour Chronograph Triology
As an homage to the three Grand Tours, the biggest and most prestigious bike races in the world, Bravur has created a chronograph watch series with the same name. The series consists of three models, each model featuring colors, graphics and textures inspired by the corresponding race. Now Bravur has unveiled the third and fi¬nal model in the series, the La Vuelta. La Vuelta pays tribute to the Vuelta á España, the final Grand Tour of the year, and the design picks up details from the race and the world of cycling in a discreet manner. The red accents and bezel is inspired by the red leader’s jersey. The bezel also features an upside down number 13, which is a nod to the longtime tradition that the rider with race number 13 wears it upside down to counteract any bad luck associated with the number.
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