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India’s Gem & Jewellery Exports Hold Steady at US$ 23.19 Billion Amid Global Challenges; Jacob & Co. Named Fastest Growing Swiss Watch Brand of 2025
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Market News
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India’s Gem & Jewellery Exports Hold Steady at US$ 23.19 Billion Amid Global Challenges
India’s gem and jewellery exports remained stable at US$ 23.19 billion (?2,03,280.72 crore) during April 2025–January 2026, reflecting resilience amid global trade challenges. Dollar-value exports dipped marginally by 0.64%, while rupee terms grew 3.57% compared to the previous year. Exports to the US, India’s largest market, fell over 45% due to tariffs, but the new India–US trade deal, restoring an 18% tariff, is expected to boost exports by up to US$ 3 billion. Meanwhile, India diversified successfully, with strong growth to the UAE (+23.7%), Hong Kong (+33.5%), Australia, France (+36% each), Belgium, Thailand, and Israel, demonstrating adaptability and a growing global footprint. |
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Company News
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Jacob & Co. Named Fastest Growing Swiss Watch Brand of 2025
Jacob & Co. was recognized as the fastest growing Swiss watch brand of 2025 in the Ninth Annual Swiss Watcher report by Morgan Stanley and LuxeConsult. Amid an industry contraction and declining Swiss watch exports, Jacob & Co. achieved exceptional results, recording USD 180 million in watch revenues (+14% YoY) and selling 3,975 timepieces (+24% YoY), the strongest growth among the Top 50 brands. Entering its 40th anniversary, the brand now ranks #27 globally by turnover, demonstrating remarkable momentum and standing out in a year marked by market polarization and multi-decade low volumes. |
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Breitling’s “Connected Through Time” Campaign Returns This Ramadan
Breitling’s Ramadan campaign, “Connected Through Time,” celebrates the moments that unite us, showcasing exceptional watches across its Air, Land, and Sea universes. In Air, the iconic Navitimer B01 Chronograph 43 and Navitimer 32 combine heritage, precision, and style for pilots and watch lovers alike. Land features the versatile Chronomat B01 42 and elegant Chronomat 28, blending durability with fashion-forward design. Sea highlights the Superocean Heritage collection, honoring 1950s diving classics with modern updates, including scratch-resistant ceramic bezels and sleek bracelets. Across all three universes, Breitling underscores its legacy of craftsmanship, innovation, and timeless design for every lifestyle. |
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Bvlgari welcomes Dua Lipa as Global Brand Ambassador
Bvlgari has announced Dua Lipa as its new Global Brand Ambassador. As one of the most influential artists of her generation, Dua Lipa has forged a remarkable global career marked by artistic freedom, authenticity, and unwavering creative integrity. With multiple Grammy and BRIT Awards and billions of streams worldwide, she has established herself as a compelling and enduring voice in contemporary culture. |
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Product Launch
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Chaumet Unveils a Ramadan Journey of Greatness and Inner Light
Chaumet marks Ramadan with a contemplative journey celebrating inner light, reflection, and timeless elegance. The Maison highlights its iconic Bee de Chaumet creations and the Middle East–exclusive Hortensia watch, symbols of harmony and radiant restraint. Each piece embodies subtle beauty and meaningful presence, echoing the spirit of the holy month. At the heart of the narrative is Emirati entrepreneur Mona Bin Kalli, whose quiet confidence and purpose reflect modern femininity. Through stillness and intention, Chaumet honors a refined elegance that emerges naturally—where true light is felt within and grace speaks without excess.
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H. Moser & Cie. Explores Ceramics with Streamliner Tourbillon
For the first time, H. Moser & Cie. embraces ceramics, a technically demanding material, to elevate the flowing elegance of its iconic Streamliner collection. The cushion-shaped case and integrated bracelet are crafted in anthracite grey ceramic with alternating polished and satin finishes. A Red Fumé Grand Feu enamel dial—devoid of indices or logo—highlights the clean architecture, while the flying tourbillon with double hairspring adds dynamic movement. With the Streamliner Tourbillon Concept Ceramic, the Schaffhausen-based Manufacture demonstrates its commitment to forward-thinking, masterful, and timeless watchmaking. |
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IWC and George Russell Reveal Two Signature Blue Limited Editions
IWC Schaffhausen has collaborated with Mercedes-AMG PETRONAS Formula One™ Team driver, George Russell, on the design of two limited edition Pilot’s Watches. Comprising a chronograph and an automatic model, these editions are both crafted in black zirconium oxide ceramic. They feature black dials with printing and luminescence in a striking blue colour, reflecting the signature blue hue also seen on Russell’s helmet. The watches are equipped with titanium case backs, engraved with the driver’s name and his starting number, “63”. The chronograph is powered by the IWC-manufactured 69380 calibre, while the automatic model features the IWC-manufactured 32112 calibre. Both watches come with durable blue rubber straps fitted with the EasX-CHANGE® system.
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Bell & Ross introduces the BR-03 Diver Black Bronze
With the BR-03 Diver Black Bronze, Bell & Ross returns to the fundamentals of professional diving watches. This new edition highlights a sleek, timeless design that blends the elegance of black with the warm glow of bronze and the precision of a true technical instrument. Moving away from the colorful variations of the Diver collection, it embraces a refined, universal aesthetic that transcends trends. Combining technical rigor, exceptional legibility, and an aeronautical spirit adapted to diving, the BR-03 Diver Black Bronze stands as a sophisticated and enduring collector’s timepiece. |
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Golden Synchrony: Armin Strom’s Dual Time GMT Resonance in Rose Gold
Armin Strom expands its Dual Time GMT Resonance collection with a sophisticated 18K rose gold edition, introducing warmth and depth to the 39 mm case. Rose gold hands and indexes contrast elegantly with the black grenage dial and azurage chapter rings that distinguish the two time zones. Powered by the in-house manual calibre ARF22, the watch features a patented resonance clutch that synchronizes twin regulating systems for precise, harmonious timekeeping. Dual displays with day/night indicators enhance practicality, while meticulous hand-finishing and sapphire views showcase fine craftsmanship. Limited to 50 pieces, it embodies technical innovation and refined independent watchmaking. |
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Philipp Plein Unveils Date Superlative Pair for Him & Her
Philipp Plein’s Date Superlative presents two timepieces united by one bold design concept: a pair for him and her. Each watch reflects the other with shared design DNA—striking Arabic numerals, clean geometry, and Plein’s signature intensity—yet with distinctive proportions. Gold-tone cases, polished finishes, and balanced curves create effortless sophistication. The men’s 42 mm case conveys strength, while the women’s 34 mm case offers graceful elegance. Together, they form perfect symmetry, blending individuality and harmony. More than watches, Date Superlative embodies connection, transforming precision and proportion into timeless, modern style that speaks to emotion and shared vision.
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Kismet By Milka Fine Jewelry: Ramadan Edit
This Ramadan, Kismet by Milka refines fine jewelry with creations rooted in meaning, memory, and modern femininity. Designed to be layered, gifted, and treasured, delicate diamonds and signature symbols reflect a region where jewelry represents both celebration and sentiment. Founder and Creative Director Milka Karaagaçli Ince shares, “Ramadan is about intention and connection. I design pieces that carry emotion - something personal, something lasting.” Perfect for thoughtful gifting or elevating festive looks, each piece embodies purpose - discreet yet powerful, timeless yet contemporary, and crafted to be worn close to the heart. |
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Samra Jewellery – Redefined
In an era where women lead with confidence and individuality, Samra unveils a campaign celebrating strength expressed through elegance. This chapter honours femininity as a powerful statement of identity and self-assurance. Each signature collection reflects empowered womanhood, blending heritage with modern design. Turath reimagines tradition with contemporary geometry, while Barq Marquise radiates bold glamour. Wid captures devotion and quiet resilience, and Thaman symbolises ambition and self-worth. Together, they tell a story of craftsmanship and meaning. Every piece is created to be felt and lived in—empowerment shaped in gold and illuminated in diamonds. |
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Dunhill Unveils the Varnacular Capsule: Exclusive Middle East Collection
Dunhill presents the Varnacular capsule, an exclusive collection for the Middle East shaped by refined generosity. Inspired by archival and arabesque patterns, it blends British craftsmanship with a curated palette of green, white, and silver, symbolizing life, renewal, and clarity. The capsule features meticulously crafted accessories designed to be gifted and cherished: geometric malachite cufflinks, a Sentryman ballpoint pen with matching green detailing, the Compendium malachite Turbo lighter with scent stone, and a goatskin duo cigar case. Each piece elevates personal expression, combining heritage, precision, and ceremonial utility in rare, elegant objects. |
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Exhibitions & Events
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GemGenève Highlights Coloured Diamonds: A Niche Market of Excellence
Coloured diamonds are increasingly capturing the attention of collectors and investors as a rare, luxurious alternative to traditional gemstones. Auction prices highlight their appeal, with the Pink Star fetching USD 71.2 million, the Oppenheimer Blue USD 57.5 million, and the Graff Vivid Yellow CHF 14.5 million over the past decade. At GemGenève’s tenth edition, over fifty exhibitors - nearly a third of the 202 participants—showcased coloured diamonds, reflecting a buoyant market. Among these, nine specialised dealers were selected for their exceptional quality, ensuring buyers access to truly unique stones and underscoring the growing dynamism of this niche, high-end segment. |
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