Market News

UAE attracts global retailers as ranking high by 54.5%

Abu Dhabi among the top 4 global destinations for retailers last year; Dubai keeps consolidating its hold, according to CBRE report. Abu Dhabi pulled in 42 new retailers during the year. Helping Abu Dhabi’s flag to fly high was the interest generated by premium retail clusters such as The Galleria and the World Trade Centre Mall. Dubai, meantime has retained the second ranking status among the ‘most penetrated’ cities for international retailers. Together, Dubai and Abu Dhabi made quite sure that the UAE was comfortably placed in the second spot as the go-to market for retailers. The country had a 54.5 per cent penetration rate of global retailers being present in the marketplace.

Tiffany & Co. reports first quarter results

Tiffany & Co. (NYSE: TIF) reported its financial results for the three months (“first quarter”) ended April 30, 2014. A 13% increase in worldwide net sales, combined with an improved operating margin, resulted in 50% growth in net earnings. Management also increased its earnings forecast for the current fiscal year. Michael J. Kowalski, chairman and chief executive officer, said, “This is an excellent and encouraging start to the year.

Bulgari Hotel to open in Dubai with Meraas

Dubai-based real estate development company Meraas Holding signed an agreement with Bulgari Hotels and Resorts to bring the luxury hospitality brand to Dubai. The Bulgari Hotel in Dubai will be the world’s fifth Bulgari Hotels and Resorts property following the opening of Milan in 2004, Bali in 2006, London in 2012, and Shanghai that is anticipated to open in 2015. The agreement was signed in the presence of His Excellency, Abdulla Al Habbai, Group Chairman of Meraas Holding, and Mr Jean-Christophe Babin, Chief Executive Officer of Bulgari Group, in Rome. The Bulgari Hotel at Jumeirah Bay Island in Dubai, a six million sq ft mixed-use development, sculpted in the shape of a titanic seahorse and located off the coast of Jumeirah Beach Road, will feature low rise residential villas and a marina.

Roger Dubuis joins hands with Emirates Airline

Roger Dubuis and the Emirates Airline Foundation joined hands together in a charity initiative aimed at bringing joy and enhancing the lives of children around the world. The ‘Time for Change’ initiative will raise funds for the Emirates Airline Foundation through a silent auction of a unique piece: the Excalibur Skeleton Double Flying Tourbillon. The ‘Time for Change’ auction will run from August 15th 2014 to March 15th 2015. Passengers on all Emirates flights can bid for a chance to own a collector’s dream by filling in a bid form in-flight. The winning bidder will be invited for a VIP visit to the Roger Dubuis Manufacture in Geneva, Switzerland.

Carl F. Bucherer unveils Patravi ScubaTec SFV Special Edition

Company News

Chopard appears at A ‘Fairmined’ Palme d’Or

The Palme d’Or is the ultimate symbol of the Cannes Film Festival, yearly awarded to the best film in the official selection. On the occasion of the 67th edition of the festival, the legendary trophy annually crafted in the Chopard workshops takes on a newfound glow by appearing for the very first time in ‘Fairmined’ certified gold. This innovation is part of the approach initiated by Chopard at the 66th Cannes Festival.

Mouawad Honors Coexistence with One-of-a-Kind Creation

Mouawad adds a unique creation to its record of innovation with a new masterwork honed to perfection. A scale model of the largest Catholic Church in the Arabian Peninsula has been designed by Mouawad’s expert artisans and presented by His Majesty Sheikh Hamad bin Isa Al Khalifa, King of Bahrain, to His Holiness Pope Francis. Glistening with the finest quality of gemstones and noble metals, the Objet-d’art rests on a base of gold ornamented with brown Obsidian, Rhodochrosite, Sunburst and Mother of Pearl. The two mosques, namely “Al Fateh” and” Khamis”, meticulously crafted with gold plated sterling silver and Lapis Lazuli, embrace the cathedral featuring Mactan, Lapis-Lazuli and Red Coral gemstones.

Chanel supports Olivier Assayas with his latest movie 'Clouds of Sils Maria'

CHANEL supported Olivier Assayas with his latest movie 'Clouds of Sils Maria' which was presented at this year's Cannes Film Festival. There’s a scene in “Clouds of Sils Maria” in which a young American played by Kristen Stewart delivers a beautifully sincere defense of blockbusters to a French star played by Juliette Binoche.

Frederique Constant celebrates 10 years of its calibre the HBM

Frederique Constant celebrated on May 14th, 2014, the 10 years of its calibre the "Heart Beat Manufacture", now an iconic signature of the Brand, in the famous Building Bâtiment des Forces Motrices (BFM) in Geneva Switzerland. Guests were welcomed in the magnificent machines space of the BFM, where they were able to discover the new traveling Manufacture Exhibition with its luxurious thematic trunks, presenting the various collections; an exhibition that will begin its world tour from June. To celebrate it’s tenth anniversary, Peter Stas, CEO and co-founder of the brand, revisited Frederique Constant’s brand-building over the past ten years.

Azza Fahmy with Mathew Williamson launches their second collaboration in Dubai

Azza Fahmy an Egyptian jewellery designer partnership with British designer Mathew Williamson together opens their second jewellery in Dubai coming off a successful first line launched in September last year. The Azza Fahmy and Mathew Williamson range is sold exclusively at Bloomingdale’s Dubai. Fahmy, who opened her first boutique in Cairo in 1981, credits her daughter Amina, who’s now the creative director, for helping keep her namesake fine jewellery brand relevant.

GJEPC – India launches New Business Development and Marketing Campaign

The Gem & Jewellery Export Promotion Council (GJEPC) – India announced a major, new, multi-level business development campaign focused on the U.S., Canadian and South American markets. The purpose of the campaign is to reinvogorate, strengthen and expand GJEPC’s business development efforts and build trusted relationships between India’s key jewelry industry companies and individuals and their counterparts in these American markets.

BEDAT & Co GENEVE announces their first outlet in the UAE

BEDAT & Co GENEVE announced the opening of its first ‘Shop-in-Shop’ in the Middle East last week. It was launched in partnership with Dubai based leading watch and jewellery boutique owner Al-Futtaim Watches & Jewellery within ‘The Watch House’ store at Wafi Mall. The store was inaugurated by Mr. Thomas Dotzek, Senior General Manager, Al-Futtaim Watches & Jewellery and representatives of BEDAT & Co GENEVE.

Breitling launches the official watch of weightless flights

In 2015, the S3 Company (Swiss Space Systems) will be organizing its first weightless ZeroG flights to a broad public. As the main partner in this project, Breitling will equip passengers with an exclusive chronograph specially designed for this experience. The ZeroG project will begin in 2015 in over 15 locations around the world. This S3 ZeroG chronograph is distinguished by its S3 logo appearing on the dial and the rubber strap, as well as by its caseback engraving depicting a parabolic flight. It will serve as a boarding card for passengers and will not be commercialized outside this flight program. Along with their flight suit, the lucky partakers in the ZeroG experience will be entitled to keep this authentic high-performance and functional instrument for professionals.

Product Launch

Armin Strom unveils Royal Flush Tourbillon

On May 30 at the Eadness event at the Mandarin Oriental Vegas during JCK, ARMIN STROM has showed its hand when it debuts its custom engraved in rose gold Tourbillon featuring a Royal Flush on the reverse side of the movement, screwed balance with  breguet overcoil. The dial ring is in black with founded appliqués. The straps delivered with brown alligator horn-back strap and double-fold clasp in rose gold as well as an additional brown rubber strap.

Christian Dior presents Dior VIII Montaigne

Dior VIII Montaigne, steel grey is combined with pink, the pink of the gold placed on the second hand, the hour markers, the bezel, the bracelet or the case-back; the pink of the translucent lacquer delicately tinting the dial or the bolder pink on the galvanized steel dial of the Grand Bal “Plissé Soleil” model. The Dior VIII Montaigne is inhabited by this fashion culture from the caseback, groomed like the lining of a dress. The Dior VIII Montaigne alters the glow of the metal bracelets with the velvety light of the alligator strap.

Piaget celebrates the beauty of Rose on “Piaget Rose Day”

Piaget celebrates the rose in all its splendour on Piaget Rose Day. On 5th June 2014, at bespoke rendezvous in locations around the world, the rose takes centre stage as Piaget writes another chapter in its love story with this creative muse and universal symbol of feminine beauty. As part of Piaget Rose Day, the different Piaget boutiques in the Middle East region boutiques were embellished with the spécial Piaget Roses in a thème That lent visitors an exquisite experience of the five senses.

AEROWATCH presents Night & Day watch

The Night & Day joins the feminity with its mother of pearl dial enhanced with diamonds; case is in steel with flat sapphire crystal, 3 nickel-plated Arabic figures, White leather engraved pin buckle. The watch is endowed with a quartz movement that discreetly tells the time from sunrise to sunset.

Celebrity News

Sarah Gadon wears Jaeger-LeCoultre in Cannes

Actress Sarah Gadon wore Jaeger-LeCoultre watch Rendez-Vous Night & Day in pink gold during the day-time and a delicate vintage watch in white gold from 1955 for the Premiere.

Celebrities dazzles in Montblanc to the Red Carpet at Cannes Film Festival

French Actress Barbara Cabrita wore Montblanc Collection Princesse Grace de Monaco Pétales de Rose motif bracelet, earrings and ring. American Actress Rosario Dawson wore Montblanc Princesse Grace de Monaco Collection Pétales de Rose motif earrings and bracelet. German Model Nadja Auermann wore Princess Grace de Monaco collection, Petales de rose, necklace and bracelet as well as bouquet studs.

Gong Li wears Piaget jewellery at red carpet of Cannes International Film Festival

GONG Li chose to wore Piaget Rose ring and Piaget Rose Passion earrings, mixed with Piaget Limelight Gala watch and Rose Passion watch. The blooming roses and the glittering jewels shone together at red carpet of Cannes International Film Festival for movie “Coming Home”. GONG Li chose to wore Piaget Rose ring and Piaget Rose Passion earrings, mixed with Piaget Limelight Gala watch and Rose Passion watch. The blooming roses and the glittering jewels shone together at red carpet of Cannes International Film Festival for movie “Coming Home”.

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