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The second edition of Riyadh International Luxury Week (RILW); Gérald Genta's Record-Breaking Royal Oak Leads Sotheby's CHF 19.2 Million Important Watches Auction
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Market News
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The second edition of Riyadh International Luxury Week (RILW)
Riyadh International Luxury Week (RILW) leads the way in 2022 as the only fine jewellery and luxury watch exhibition held in the first half of the new year in the Kingdom of Saudi Arabia.
Taking place from 24-27 May 2022 at the five-star Al Faisaliah Hotel in Riyadh, this powerful sales platform is timed to coincide with wedding season, offering your brand a unique range of benefits during a peak buying period.
This year’s edition of Riyadh International Luxury Week promises to be more engaging and innovative than ever. Participants can expect a growing list of digital concepts and live event features, ranging from fostering new talent at the Young Saudi Designers pavilion to uniting experts and collectors at the Saudi Watch Collectors.
Riyadh International Luxury Week is managed by Arabian Expo, the organizers of exclusive events serving the Luxury lifestyle industry, including fashion, Jewellery and Watches. Arabian Expo provides opportunities for new and established brands to make high quality connections, from relationship and do business in the rapidly expanding Saudi Market.
To learn more about Riyadh International Luxury Week, please contact us at: nader@arabianexpo.net or balhawwas@arabianexpo.net
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Gérald Genta's Record-Breaking Royal Oak Leads Sotheby's CHF 19.2 Million Important Watches Auction
Sotheby’s sold one of the most iconic and revolutionary watches ever to be presented at auction. Owned by the world’s most influential watch designer, Gérald Genta’s personal Royal Oak, made circa 1978, soared to CHF 2,107,000 ($2,130,767), becoming the most valuable vintage Audemars Piguet watch ever sold at auction. The iconic Royal Oak was the star of the Important Watches: Part I sale, which brought a total of CHF 19.2 million ($19.3 million) – amongst the highest sales total for a watches auction at Sotheby’s and the second highest achieved in Geneva (est. CHF 13m – 20.9m / $13.1m – 21.1m). The auction attracted an influx of bidders from 58 countries – a 20% increase from the year prior – with more than a quarter of buyers choosing to purchase online. |
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A. Lange Söhne at Doha Jewellery Watches Exhibition
Once again A. Lange Söhne is participating in the 2022 edition of the Doha Jewellery & Watches Exhibition from 9 to 14 May, showcasing masterpieces of fine watchmaking that meet the highest standards in terms of craftsmanship, precision, and design. This year’s presentation of A. Lange & Söhne in Doha focus on outstanding mechanical timepieces that combine challenging complications, elaborate functionality and distinctive design. Highlights of the collection include the redesigned GRAND LANGE 1 which was recently introduced at this year´s Watches and Wonders in Geneva. The timepiece features a grey dial and even more elegant proportions. Available in 18-carat white or pink gold, it has a diameter of 41 millimetres and a height of just 8.2 millimetres.
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Company News
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Palme d'Or 2022 by Chopard
Honouring the 75th anniversary of the world's greatest film festival – with which Chopard has been nurturing a passionate relationship for 25 years – in due style called for an exceptional Palme. The Maison’s Artistic Director and Co-President Caroline Scheufele decided to revisit the Palme d'Or by studding two of its tiny leaves with diamonds from suppliers certified by the Responsible Jewellery Council. One will be graced with 75 diamonds symbolising the Festival's jubilee; while the other will feature 25 diamonds to immortalise the quarter-century of the partnership with Chopard: a double celebration in perfect unison. The Fairmined-certified 18-carat yellow gold Palme will not be placed on the traditional rock crystal cushion, but instead on a base made of rose quartz – a stone symbolising love. |
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Jaeger-Lecoultre presents ‘In Perpetual Motion’ starring Benedict Cumberbatch
To mark the launch of its new Polaris Perpetual Calendar watch, Jaeger-LeCoultre has created a visually captivating video called In Perpetual Motion. Starring Benedict Cumberbatch, a long-time friend of the Maison, it focuses on the notion of time and its relationship to three natural environments: lakes, forests and the heavens. In the video, Benedict is immersed in each of these environments in turn, wearing the new Polaris Perpetual Calendar, as he narrates an evocative text that reflects on concepts of perpetual movement and action – the eternal cycles and ever-changing sense of time, as expressed by the natural world. Woven throughout, glimpses of different celestial bodies remind us that our sense of passing time, as well as its measurement by calendars, clocks and watches, is governed by the rhythms of the cosmos and the regular cycles of astronomical phenomena – a subtle link to Jaeger-LeCoultre’s Stellar Odyssey. |
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Breguet announces official partnership with Frieze
Breguet has announced its partnership with Frieze, the global art fair, commencing this year through to 2024. This announcement further reinforces Breguet’s long-standing connection to the arts, echoed by an exciting collaboration with an artist presented at Frieze’s five international art fairs – Frieze London, Frieze Masters, Frieze New York, Frieze Los Angeles and Frieze Seoul. The first being Frieze New York from May 18 to 22, 2022 at The Shed in Manhattan, a gallery space is newly built Hudson Yards. Visitors to the exhibition will have the opportunity to discover the art of Breguet’s craftsman via a demonstration of guillochage, a tool used by the artisans of the manufacture to create the various decorations appearing on the movements of timepieces. |
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Qannati unveils its Debut Collection of Wearable Objet d’Art Masterpieces
The first luxury brand dually anchored in France and Bahrain and premier maker of precious wearable art objects, Qannati Objet d’Art is pleased to announce the launch of “Celebration of Time,” its debut collection of Eternity bracelets and Quantum timepieces inspired by Mesopotamian culture and expertly handcrafted in France. Celebration of Time will be unveiled in July at an exclusive, invitation-only presentation in Paris during Couture Week. Prior to the global launch in July, the collection was presented to clients, connoisseurs of art, watches and high jewellery as well top tier editors and KOLs in the Middle East in May on an appointment basis. |
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Product Launch
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Introducing BR V2-92 Orange by Bell & Ross
This colorful novelty lives up to its name. The BR V2-92 Orange is characterized by the Pop color of its dial. It is a very pure, very bright orange. This pep tone attracts the eye, awakens the senses and gives energy. This sporty watch uses the graphic signature of the BR V2-92 Full Lum dial and the orange dial of the BR 03-92 Diver Orange. A fashion-chic accessory, this neo-retro sports watch is a must-have for the stylish young urbanite. The BR V2-92 Orange is a sporty watch, which aims at legibility and reliability. The BR V2-92 Orange could have been the watch of the coast guard, but it could also have been the watch of skateboarders. This novelty pays tribute to the world of skateboarding. Its neo-retro design and its Pop color associate it with this stylish sport, born in California in the 70s. |
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Carl F. Bucherer presents Heritage BiCompax Annual
Some creations simply stand the test of time – in music, cinema, fashion, and, of course, watchmaking. The Heritage BiCompax Annual by Carl F. Bucherer is proof of that on many levels: highly functional and utterly precise, the elegant chronograph with an annual calendar celebrates the design and savoir faire of the early 1950s, harmoniously merging vintage charm with “Made of Lucerne” watchmaking art. The Heritage BiCompax Annual may be reminiscent of its retro predecessor on the outside, but it is powered by an ultra-modern automatic movement on the inside. The CFB 1972 caliber boasts 42 hours of power reserve, satisfying even highly demanding technical requirements. |
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Reuge x MB&F presents MusicMachine 1 Reloaded
Back in 2013, MB&F presented our first-ever “Co-creation” with MusicMachine 1 – the beginning of a new chapter, in which MB&F collaborates with external creators on projects outside the scope of the wristwatch. Almost a decade later, Maximilian Büsser and his Friends decided it was time to redesign this music box and issue a new edition: MusicMachine 1 Reloaded. Like the previous MusicMachines, this Co-creation is the fruit of a collaboration between MB&F and REUGE, the premier manufacturer of music automatons with more than 155 years of expertise. Originally designed by young Chinese designer Xin Wang, this new edition was reinterpreted by German designer Maximilian Maertens, with the idea of being more streamlined and open. The entire body is now made of anodized aluminium (vs. wood) – a significantly more complex manufacturing process. The songs remain the same, with Star Wars and Star Trek classics on one side, and rock melodies on the other.
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Exhibitions & Events
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International Gem & Jewellery Show (IGJS) 2022
The Gem & Jewellery Export Promotion Council (GJEPC) successfully kickstarted the IGJS 2022 in India’s colored gemstone capital, Jaipur today. It is the first ever gem and jewellery physical event hosted exclusively for international buyers in India to increase exports and to exemplify India’s strong hold on the G&J industry. The show was graced with the presence of Shri R. Arulanandan, Director, Department of Commerce, Govt. of India; Shri Colin Shah, Chairman, GJEPC; Shri Dilip Shah, Convener, International National Exhibitions, GJEPC; Shri Nirmal Bardiya, Regional Chairman, Rajasthan, GJEPC; Shri Vijay Kedia, Convener, Coloured Gemstones Panel, GJEPC; and Shri Sabyasachi Ray, Executive Director, GJEPC. India plays a prominent role in the global gem and jewellery industry with exports of nearly USD 40 billion annually. Top markets are the USA accounting for 37% of India’s G&J exports, Hong Kong (24%), UAE (14.5%), Belgium (5%) and Israel (4%). |
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Celebrity News
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Eiza González shines in Bulgari at the Met Gala
Actress and Brand ambassador, Eiza González shines in Bulgari High Jewelry Diamonds for the Met Gala in New York. She chose a stunning ww preview of the new Bulgari High Jewelry Eden Collection necklace with over 52 carats of Diamonds and completed her look with a matching earrings and ring set. |
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Hailey Bieber wear Tiffany & Co. to the 2022 Met Gala
Model Hailey Bieber wore a pair of diamond earrings, a ring in platinum with diamonds along with several Tiffany Victoria® diamond bracelets at “In America: An Anthology of Fashion” Met Gala on May 22nd 2022. |
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