Qatar outlook reaches growth rate of 15 percent of real GDP in 2011; As a key sponsor, Audi extends support to the Middle East Premier Awards 2011 Edition; Exclusive interview with Mr. Giuseppe Aquila

   
 
 

Interviews

 

Exclusive interview with Mr. Giuseppe Aquila, Montegrappa Chief Executive Officer

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Montegrappa pens its own history

 

Montegrappa is an elite Italian brand, mastered in manufacturing writing instruments. Celebrating its centenary in 2012, Montegrappa is also expanding its product range to include feminine items. World renowned authors from Ernest Hemingway to Paulo Coelho penned their famous works using Montegrappa instruments.

As part of centenary celebrations, PenME chats with Montegrappa Chief Executive Officer Giuseppe Aquila to know its rich heritage and plans to celebrate anniversary. “The year 2012 is an important for us, as we will be launching a number of special edition pens across multiple categories which will be unveiled in the coming months.

“We are always keen to celebrate anniversaries with other important persons, companies, people and countries who are also celebrating major milestones. Montegrappa has created a special pen to pay respect to the 40th anniversary of the UAE independence. We are making seven unique pieces that will be presented to each of the Emirate,” Aquila reveals to PenME.

 

Below are excerpts from the interview:

 

As the oldest Italian manufacturer of writing instruments established in 1912 and having survived two World Wars and many business uncertainties, what is the secret of Montegrappa’s longevity and how do you define the DNA of your brand?

Montegrappa is defined by its roots in Bassano del Grappa. The company has been operating from the same factory (refurbished and expanded of course to modern standards) on the same site on the bank of the Brenta river in an area of North East Italy that is famous for the resistance during the two World Wars. In fact it was on the Monte Grappa mountain range, immediately to the north of Bassano del Grappa, that the Italians heroically held back the Austrian army and prevented them reaching the plains of the Veneto region. In 1918, the young American Red Cross volunteer, Ernest Hemingway wrote home of the ferocity of the battles on the Monte Grappa and the Piave. The Battle of the Solstice, he wrote (no doubt with a Montegrappa pen), was "a great victory and showed the world what wonderful fighters the Italians are."

We are proud of our Italian ancestry, and we believe that despite the wars and economic ups and downs, this is the fundamental reason why Montegrappa is still around 100 years after we first started making pens in 1912. The Monte Grappa is a symbol of national pride in Italy, representing the heroic resistance in two World Wars, while also being a name synonymous with traditional arts, craftsmanship and literary accomplishment. This is why the brand can celebrate the achievements of great fighting legends, such as Muhammad Ali (Cassius Clay) and Bruce Lee, while at the same time being proud to have 100 years of celebrated authors as users of our pens, users such as Ernest Hemingway through to some of the world's greatest modern authors, in particular, Paulo Coelho, one of our brand ambassadors.

We also have recently agreed with Sylvester Stallone to be an ambassador for the brand (Stallone is a longtime friend of the brand and user of Montegrappa products) as he symbolizes, in many ways, our brand DNA – Italian heritage, global recognition and the fighting spirit.

 

What is plan for centenary celebrations?

The year 2012 is an important for us, as we will be launching a number of special edition pens across multiple categories which will be unveiled in the coming months.

We also have a book being published about Montegrappa which has been written by the renowned fashion and luxury writer, Nicholas Foulkes.

Throughout the year, we will celebrate with special events in all of our major markets and these celebrations will culminate in a major event at the Venice International Film Festival in September 2012.

We are always keen to celebrate anniversaries with other important persons, companies, people and countries who are also celebrating major milestones, such as our recent 150th anniversary pen for the unification of Italy, the 40th anniversary of the formation of the UAE; we are also hoping to celebrate Sachin Tendulkar's 100th century either before or during our 100th year.

 

Montegrappa will pay tribute to the UAE nation by contributing to the celebrations of its 40th anniversary with a special edition pen; please tell us more about this gesture.

Montegrappa has created a special pen to pay respect to the 40th anniversary of the UAE independence. We are making seven unique pieces that will be presented to each of the Emirates, 40 pieces of special combination sets representing the 40 years of independence of the UAE, and 1971 pieces of Rollerball and Fountain Pens to symbolise the year of formation of the UAE, 1971. These pens will go on sale in the UAE at limited retail locations from November 2011. The seven unique pieces will be presented to the rulers of each Emirate on or around the December 2.

The design of this pen uses a new “diffusion bonding” technique that allows us to combine various colours to reproduce the UAE flag on the cap and barrel of the pen. The UAE falcon is also used to decorate the nib and the ink well, and as an extra touch, we have allowed on this special occasion for our trademark 1912 logo (used in the top of most of our pens to represent the year Montegrappa was founded) to be changed to the number 1971 in honour of this important celebration.

 

Montegrappa, famous for its writing instruments, expanded its production to include watches and other men accessories. You are stepping towards launching perfumes, please tell us more about it.

The Monte Grappa is only a quarter of an hour’s drive from our factory in Bassano del Grappa. I try to go up to the mountain as often as possible to refresh my mind, remind myself of the great heritage of the region or to get inspiration for anything I'm working on. One of the things that always strikes me is the various fragrant scents that you experience at different heights and at different times of year, for example the freshness of spring with the smell of berries and fruits; the intensity of the summer herbs; and the dried woods and the special smell of the gentian in the Autumn season. It was on one of these excursions that I realised that this wonderful and quintessential experience should be integrated into our product family and the obvious way to do this was by developing a Montegrappa fragrance.

The idea, when we developed the “juice”, was to stick close to our heritage and to produce a sophisticated fragrance in line with our product philosophy. Montegrappa, as the world's most exclusive manufacturer of writing instruments, is exclusive and refined, and not necessarily designed to get mass market appeal, but rather to be accepted by a connoisseur, much like a Montegrappa pen that is appreciated by a pen collector.

In order to come up with a fragrance that could be at the peak of its genre, we called on great experience and some of the best minds in the industry to help us come up with the correct formulation, but at all times, keeping as far as possible with Italian and Mediterranean ingredients.

The top notes of the fragrance are citrus and refreshing, consisting of Italian lemon, bergamot from Calabria, a region in the south of Italy renowned for this fruit, Gentian from the Monte Grappa, and other herbs found in Italian mountains such as sage, basil, lavender, and Juniper berries.

We have combined this with a middle note consisting of spices such as clove, nutmeg, cinnamon and cyclamen and a bass note from heavier wood oils such as cedarwood, sandalwood, musk and amber. The fragrance has been well received by everyone who has tried it so far, and we hope to see a good reaction in the market when it is launched later this month.

 

Montegrappa is a male dominating brand. Are there any plans to include feminine items?

At present, the Montegrappa product range is focused more towards the gentlemen's writing instruments and accessories. However, we do have some ladies collections such as Piccola and Micra collections specifically designed for ladies. We also find that our other lines of unisex or men's products are often used by ladies. In this modern day and age, we have to be careful not to assume that ladies want typically feminine items and we also have to make sure we don't exclude ladies from our normal collections.

We have been surprised sometimes at some of the items that have been popular with ladies. For example, our recent Muhammad Ali limited edition would be an obvious example of a very strongly male oriented product, and yet, due to the white mother of pearl resin giving a quite shiny finish, we have some ladies choose the pen as their preferred pen.

Obviously, it is going to be easier for us to develop more products for ladies as we widen our product offerings. For example, we have launched a collection of watches at Basel last year. So far the collection is a gents’ collection, but we will look at introducing a ladies collection in the coming seasons. Similarly, we recently launched the Nero Uno fragrance. While this is a gentleman's fragrance, we are in no doubt that many ladies will like the smell and we know that perfumes often are not only used by the target gender. Now that we are in the world of fragrances, it will only be a matter of time before we launch a ladies perfume.

 

What must a buyer look for when buying an exclusive pen? Any tips?

Buying an exclusive pen is not just about the brand. And it’s also not about what claims a brand can make. Montegrappa can claim the world's most exclusive writing instruments, such as the world's most expensive pen ever sold, the Tibaldi Fulgor Nocturnus [sold at 6.3m euros (Dh32.7m) in 2010]; the world's most sought-after limited edition pen - the dragon pen, or the world's most powerful pen – which was given by Boris Yeltsin to Vladimir Putin as a symbol of the Russian presidency… but all of these great achievements, while being a great source of pride, come second to the simple task of making perfect writing instruments.

For example, despite the high cost, and relative ease of modern alternatives using plastics, we still make our ink feeders with natural ebonite, giving a superior and more natural flow of ink. We still use celluloid, an extract of cotton cellulose, which feels cooler to the touch and is more resilient than the modern synthetic resins. Therefore, my main tip to anyone serious about investing in an exclusive pen, is to look into the history of the company and their real competence with materials and production of quality writing instruments. It is not about a flashy brand name, but about finding an item from a manufacturer who really knows what they’re doing with genuine history, experience and passion for making superior writing instruments.

 
 
 

Market Report

 

As a key sponsor, Audi extends support to the Middle East Premier Awards 2011 Edition

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The Middle East Premier Awards for Watches, Jewellery & Pens 2011 Edition: Recognizing & rewarding the best performers

 

523 nominations received to date for 2011 Awards

 

Over 523 nominations have been received from the crème-de-la-crème of the regional watches, jewellery and writing instruments industry, for the Seventh Edition of the Middle East Premier Awards according to the organizers. The Middle East Premier Awards for Watches, Jewellery & Pens 2011 are today considered a barometer for finest creations in the region’s premium watch, fine jewellery and elite writing accessories industry.

 

Arabian Watches & Jewellery will, once again, conduct the Seventh Edition of the Middle East Premier Watches, Jewellery & Pens Awards to be presented alongside the popular Jewellery Arabia 2011, to be staged in the Kingdom of Bahrain from Tuesday, November 22 to 26. Jewellery Arabia is the largest, long-running and most prestigious of the industry exhibitions in the Middle East. This year’s edition is expected to be even bigger with addition space allocated at the exhibition venue at the Bahrain International Exhibition Centre.

 

German premium car manufacturer Audi, who is world-renowned for designing and producing exquisitely elegant cars that stand out as technical and design masterpieces, have signed on as lead sponsor for the 2011 edition of the Awards. The Awards’ mission of recognizing excellence is in line with Audi’s ongoing tradition of excellence and sustainability represented by their motto Vorsprung durch Technik.

 

 

Nominations for the Awards’ secure, on-line selection process in each of the pre-determined, well-defined and independent categories for watches, jewellery & pens have been flowing in rapidly. The response has been enthusiastic and to date 523 nominations have been received from some of the finest international brands that include Cartier, Harry Winston, Vacheron Constantin, Van Cleef & Arpels, Hublot, Jaeger-LeCoultre, Piaget, Chopard, Panerai, IWC, to name only some, thereby adding their weight to the legitimacy and credibility of the system. This figure represents a 20.0 % increase over last year’s 2010 figure.

 

 

The results of the Premier Awards will be determined and rigorously vetted by an independent, well respected, 16-member Awards Committee especially empanelled and appointed by MPP-ME. The committee comprises watch, jewellery & pen collectors, connoisseurs and aficionados with no direct commercial ties to the industry. 

 

Awards dedicated website: www.AWJawards.com

 
 

Market News

 

Longines announces long-term partnership with Meydan Group

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Longines has recently entered into a strategic business partnership with the dynamic Meydan Group, wherein Longines will be the official timekeeper for all the equine events being held by Meydan. The long-term partnership between the two renowned giants of the equestrian world was unveiled at a recently held press conference in Dubai in the presence of the Chairwoman of the Board of Directors Swatch Group Ltd Ms. Nayla Hayek and the Chairman and CEO of Meydan Group, Mr. Saeed H Al Tayer. As this illustrious partnership commences, Longines will be officially timekeeping for the vast portfolio of Meydan events lined up for the year including the Dubai World Cup Carnival beginning in January 2012 and the world’s richest race, the celebrated Dubai World Cup on March 31, 2012.

 

Dubai gold retailers witnesses a strong Diwali demand

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With the Indian festival of lights – Diwali, UAE gold retailers offered attractive and mega offers. Gold Souq, the main hub of yellow metal trade in the region, has witnessed intense competition among retailers. Diwali special offers and promotions range from free gold coins, cash back vouchers, advance booking and hedging; selling ornaments without the making charges, zero deduction buy-back schemes and even mega prices of a kilogram gold bars. Diwali is an occasion for the Indian community to buy and gift gold. And the high price of the metal does not deter people from the Subcontinent in indulging themselves. The can be seen literally scrambling for gold coins, gold bars and gold jewellery.

 

Antiquorum announces an Outstanding Results at Hong Kong October Auction

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On 23 October 2011, Antiquorum's October auction of "Important Modern & Vintage Timepieces", held at the Mandarin Oriental in Hong Kong has totaled an outstanding HKD$53,295,000. Of the 384 timepieces offered, a remarkable 82 percent was sold by lot, representing 133.86 percent by value. The highlight of the sale was undoubtedly "La Colere d'Achille" - an ivory fan features nine five-clawed dragons set with a watch, a gift given to the Emperor Qianlong (1711-1799) of the Qing Dynasty by King George III of England (Lot 379). In addition to the strong in-room attendance, the auction enjoyed highly competitive telephone and Internet bidding.

 

Qatar outlook reaches growth rate of 15 percent of real GDP in 2011

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According to the General Secretariat for Development Planning (GSDP) forecast in its Qatar Economic Outlook 2011-12 that a strong growth of real Gross Domestic Product (GDP) growth at 15 percent in 2011, and said it expects nominal GDP growth to be 32.3 percent. The Outlook foresees a sea-change in the economy’s dynamics in 2012, and real GDP growth will slow to 5.1 percent. The impulse growth will increasingly depend on solid performance in other sectors. With softening global commodity prices and a strengthening US dollar, the Outlook predicts that the headline consumer prize inflation will stabilize at a manageable 2 percent and stay though moderating in 2012.

 
 

Company News

 

Cartier Women's Initiative Award's 5th Edition for Year 2011

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On 15 October 2011, the results of the 5th edition of the Cartier Women’s Initiative Awards were announced at the Women’s Forum for the Economy and Society in Deauville, France. The Laureates of the Cartier Women’s Initiative Awards are chosen by an independent and voluntary Jury composed of entrepreneurs and business leaders. The Middle East & North Africa region jury members were headed by Her Excellency Sheikha Lubna Al Qasimi, the United Arab Emirates Minister for Foreign Trade. The six Laureates of 2011 won the Cartier Women’s Initiative Awards trophy, one year of personalized coaching by Cartier, McKinsey & Co. and INSEAD mentors and US$20,000 of funding. Since its inception, the competition has supported 76 women entrepreneurs from all over the world.

 

Elizabeth Taylor’s Van Cleef & Arpels collection

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To coincide with the sale of Elizabeth Taylor’s estate at Christie’s, Van Cleef & Arpels takes a look back at the legendary star’s incredible collection of its jewelry. There are more than 40 Van Cleef & Arpels designs in Ms. Taylor’s collection to be sold at Christie’s in New York from December 13 -16, 2011.  The collection includes pieces Ms. Taylor received from Michael Jackson and Ron Perelman as well as designs she purchased herself. During their epic romance, Richard Burton provided Ms. Taylor with the majority of her Van Cleef & Arpels jewels.

 

Baume & Mercier opens new boutique opening in Dubai Mall

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On 18 October 2011, Baume & Mercier has officially launched its new boutique in Dubai Mall. The inauguration ceremony was hosted by CEO Alain Zimmermann and Ahmed Seddiqi & Sons management, and was followed by a lavish celebration event held at Armani Hotel. The brand’s sole boutique across the globe underwent extensive redesign to align with the unique new ‘Seaside Living in the Hamptons’ universe, and showcases the new 2011 collections. At the heart of Baume & Mercier’s new universe is the Hampton collection, launched in the Middle East in September 2011. This line, along with the other 2011 Capeland, Linea and Classima collections are available in the boutique.

 

Greubel Forsey wins at the 2011 International Chronometry Competition

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The Double Tourbillon 30° Technique (DT30T) in 5N red gold by Greubel Forsey has won the 2011 International Chronometry Competition held at the Museum of Horology in Le Locle, Switzerland.  Eighteen pieces were entered into the precision competition in three categories: ‘Tourbillon Category’, ‘Classic Category’ for standard escapements and a ‘School Category’ for the watchmakers of tomorrow. The DT30T, featuring a 60-second tourbillon cage inclined at 30° rotating inside a second four-minute tourbillon cage, scored 915 points from a possible 1,000 to claim first place both in the tourbillon category and the overall competition. This year marked the second edition of the International Chronometry Competition since its introduction in 2009 when Greubel Forsey entered the Quadruple Tourbillon.

 
 

Product Launch

 

A World Premiere Launch of X Fathoms by Blancpain

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On 25 October 2011, Blancpain has presented the world’s first true mechanical diver’s watch in Dubai in the presence of the group’s Chairwomen Nayla Hayek. The X Fathoms is currently in the final prototyping stage, with the final model due to be presented at BaselWorld  to take place early March 2012. Marc Hayek, the Blancpain CEO presented himself from the bottom of one of the world’s largest aquarium in the Dubai Mall to launch the new X Fathoms. Alongside Marc Hayek was the world record-breaking Italian freediver Gianluca Genoni who dived without any breathing apparatus, but wearing a Blancpain watchmaker’s lab coat, to present the new watch on a watchmaker’s desk that had been set up among the beautiful diverse marine life such as Sharks, string rays and may other beautiful marine creatures.

 

Harry Winston presents the Avenue C Large

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Originally inspired by the refined geometric forms of Art Deco, the Avenue collection is an ode to New York City. The teeming city has always fed Harry Winston’s creativity. Newcomer in this iconic collection, Avenue C Large varies its geometry by playing with straight lines and curves, asymmetry and contrasts. Avenue C Large uses the mirror effects of skyscrapers, with its dial set with 156 baguette-cut diamonds (7.5 carats). As a frame of light, the 7.8 carats case reflects the beauty and the brilliance of each diamond. Unrivaled, the glittering bracelet in white gold, set with 260 baguette-cut diamonds (19.5 carats), extends the brightness of the watch to infinity. A total of 34.8 carats embodies a unique style, which is the culmination of efforts and skills between gemologists, designers and craftsmen, working together to create incredibly beautiful timepieces.

 

DAMIANI unveils its latest creation

The new San Lorenzo Watch with satin strap by DAMIANI features: 18 kt. white gold (40 x 24 mm) set with 31 brilliant cut brown diamonds and 3 “extra sized” white diamonds. 18 kt. white gold crown set with a rose cut white diamond. Sapphire crystal with antireflection treatment. The dial is 18 kt. white gold embellished with 176 brilliant cut brown diamonds. Furthermore, the bracelet is 18 kt. white gold set with 220 brilliant cut brown diamonds and 10 “extra sized” white diamonds. The timepiece is 3 ATM waterproof with Quartz ETA 976.001 movement.

 

Carl F. Bucherer presents the Alacria Swan

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The new Alacria Swan from Carl F. Bucherer represents a tribute to the Bucherer family and firm, and to the city of Lucerne, where the Carl F. Bucherer watch brand was created. Surrounded by picturesque mountains, the region around Lucerne offers countless holiday pleasures within a very small area, and has therefore rightly been called “Switzerland in miniature”. Set with over 1,300 diamonds, this astonishing piece of jewelry reflects the highest standards enshrined in the traditional art of jewelry at Carl F. Bucherer. Perfect comfort in wearing is ensured by the delicate bracelet, which wraps itself around a lady’s slender wrist as gently as a swan’s neck. As a sparkling timepiece of perfect beauty, the Alacria Swan, which is fitted with a quartz movement and indicates hours and minutes, conveys a look that is both brilliant and practical.

 

Louis Vuitton Cruise 2012

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Louis Vuittion has recently conducted the Cruise 2012 Press Day took place in the Royal Majilis at the Emirates Golf Club in Dubai on 17 October 2011. The Cruise 2012 collection features Accessories, Shoes, Watches, Leather Goods and Ready to Wear clothing.

 

Magellan 1521 Collection

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Created in 2000 by Everhard Vissers, Magellan was bought up by Mario G. Nargi in 2010, a transition that should propel the brand from its current confidential status to the international renown it deserves. The Magellan 1521 and Magellan Earth watches come in cases that are 43.5 mm in diameter, 19 mm thick, and water-resistant to 30 metres. Available in steel, rose gold and yellow gold versions, they are driven by an exclusive self-winding movement, developed on the ETA 2893 base movement and powering indications of the hours, minutes, seconds and the Sun’s position above the Earth. Surrounding the planet depicted on a 32 mm-diameter brass half-globe – a motif created using colored varnishes applied to a sandblasted surface – the longitude dial is in mother-of-pearl that is white for the Magellan 1521 and Tahitian black for the Magellan Earth.

 

DeWitt website available on IPad

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DeWitt has announced that the IPad version of DeWitt’s corporate website has now been released. Just type in IPad browser the usual www.dewitt.ch address and it will automatically be redirected to the IPad version. The complete collection, latest novelties and all the news and videos related to the brand will be founded on the website.

 

RAYMOND WEIL announces the launch of the jasmine collection

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RAYMOND WEIL has announced the launch of its jasmine collection as the brand celebrates its 35th anniversary in the world of luxury watchmaking. In the brand’s purest tradition, the new jasmine collection combines all the elements of RAYMOND WEIL’s feminine watches. The exclusive line has a voluptuously rounded curved case, horns merging perfectly with the bezel in its most discreet version or submerged in the brilliance of its diamonds in the set version. In its automatic or quartz version, with a 29 or 35mm diameter, with or without a diamond setting, in stainless steel or pink gold, the jasmine will light up women’s eyes from East to West. In its version on a leather strap, the jasmine would be perfect for an evening in town with its pink gold case and its diamonds reflecting like Bengal lights.

 

SAINT HONORE offers Orsay Bronze

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SAINT HONORE has introduced a new model to its star collection that has made its mark on this year: Orsay Lady. Elegance and sensuality are the hallmarks of this timepiece, which appears here in its winter dress. Orsay “Bronze” has a case with a bronze and adorned with a PVD treatment giving it a warm glow that sublimates the curve of its square case. The sparkle of eight diamonds completes the picture by accentuating the hour-markers that appear to be floating on a white mother-of-pearl see, an effect achieved by the fine circular guilloche dial motif. Lending an additional touch of glamour, the SAINT HONORE monogram elegantly marks off the passing seconds at 6 o’clock as if to emphasize the timeless design of the Orsay Lady collection.

 

Officina Del Tempo Unveils Revolutionary High-Tech Racing Chrono Gel Special Edition

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Italian-designed Officina Del Tempo unveils its first sport watch with Swiss-Made Ronda Caliber 5030 - the bold and daring RACING CHRONO GEL, Ref. OT1051. Additionally, this exciting pinnacle Racing Chrono Gel OT1051 model features a highly unusual and complex construction concept for the case that was more than a year in the research and development stages. In fact, instead of the bezel, crystal and screw-in caseback being attached to the main case as in typical watches, in this innovative watch, these pieces create the case as a function of the assembly. In total, the 44-48.5 mm case is a magnificent work of 40 parts and is particularly complicated and sophisticated. The unique design, along with the fact that the watch houses the Ronda Caliber 5030 quartz chronograph movement with date window at 4:00, marks a turning point for Officina Del Tempo.

 

ArtyA 1/1 Halloween Collection 2011

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ArtyA has presented its tenebrous examples of ArtyA 1/1 Halloween 2011 Collection. The timepiece features: Self-winding movement for men / Quartz movement for women entirely manufactured in Switzerland. Stainless steel case embossed, defaced, tortured and struck by a lightning bolt between 100’000 and 1’000’000 volts, shaping and coloring it in a unique way. Each dial is a unique work of art. Hand decorated according to 17 specific artistic techniques up to now unexploited in the watchmaking field. They combine collage, application of dyes and pigments, forging, etc. For this piece, gothic atmospheres are added to the dial, giving it a unique and nice finish.

 
 

Celebrity News

 

Freida Pinto wears Chopard at the London Premiere of her new movie “Trishna”

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The beautiful Indian actress, Freida Pinto chose to wear a stunning platinum bracelet from the Chopard Red Carpet Collection set with 151 fancy shaped diamonds (60cts) at the London Premiere of her new movie “Trishna”.

 
 
 
 

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