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Dear Reader,
Sales up in Middle East despite Swiss watch exports drop in November 2008
Swatch Chairman foresees slower growth
WFDB President convenes 2009 WFDB-Asia Summit Meeting for better co-ordination
Thailand’s diamond, gems & jewellery exports booms during January—October 2008 period
GJEPC withdraws appeal for suspension of rough diamonds imports
USD $ 5.0 million theft of expensive watches at Singapore store
Sotheby’s 2008 watch sales totals USD $ 52.9 million
“World Jewellery Centre project on course,”—Bill Boyajian, Managing Director
Dear Reader,
Qatar, UAE continue to stay richest among Arab countries
Famous Blue Diamond sells for USD $ 24.3 million record price
Harry Winstons sales fall 16 percent in Q3 2008
IDL consumer survey indicates strong demand for diamond jewellery insurance
Cartier, celebrities raise USD $ 1.8 million at Dubai Film Festival for amfAR
Government of India announces fiscal stimulus package for gems & jewellery sector
Banking concerns boosts business for bullion & coin-producing refineries
Damas Deputy MD bullish despite fall in visitors to UAE stores
Returning Hajj pilgrims boost gold sales in Saudi Arabia
Theft reported at Harry Winstons Paris boutique
Middle East gold sales soar in Q3-2008 as investors seek safe haven from turmoil
TGJTA reports remarkable increase in gem & jewellery exports for the period Q1-Q3 2008
World Gold Council outlines design trends this season
Baselworld 2009 casts its long shadow in the industry’s exhibitions calendar
GJEPC holds a memorial to remember victims of Mumbai carnage
Paucity of emeralds and rubies pushing up prices
Movado's sales, profits drop in Q3-2008
Abu Dhabi, UAE gold sales plummet in November 2008
Arrests made in Milan in Damiani robbery case
Rare & unusual watches highlights Sotheby’s December 2008 watch sale
Diamond industry bigwigs hack jobs amid recession
Bahrain shines at Jewellery Arabia 2008
Middle East purchases of gold from UAE robust for H1-2008
Richemont Q2 sales up 7 %
Bulgari’s Q3 sales unchanged
Large Indian contingent present at Jewellery Arabia 2008
Middle East poetic talent honoured at Vacheron Constantin Poetry Contest Awards Ceremony
Einstein of Watchmaking Industry conducts workshop in UAE
‘Arabian Watches & Jewellery’ Magazine to launch partnered Kuwait Edition
Jewellery Arabia 2008 set for inauguration on 25 November 2008
GJEPC initiates steps to consolidate India’s diamond industry
43rd BGJF on course for full house opening in February 2009; TIJA awards competition draws exceptional response
UAE Education Minister calls for research & innovation at Rolex seminar
Chopard, TAG Heuer are the newest partners of the FHH
WFDB President calls on international diamond & jewellery industry for unified approach
Antiquorum achieves extraordinary results for mid-November 2008 Geneva auction
Sotheby’s recent Geneva auction of unique watches fetches USD $ 5.75 million
Albert Einstein’s Longines watch fetches a record price at New York auction
Jewellery Arabia 2008 prepares for take off on 25 November in Bahrain
Demand for gold soars in Saudi Arabia
Richemont gains 11.0 % rise in H1-2008 net profit
WFDB President roots for diamonds
Despite international economic gloom, UAE is the third most optimistic nation globally
DDE opens new trading floor in Almas Towers, to offer new bouquet of services
Gem-A ties up with Pearl Exchange
A private buyer from the Middle East in negotiations to buy 478-carat diamond recently unveiled and named in Dubai
UAE Summit honours leaders in the diamond & jewellery trade
UAE Minister of Higher Education to open Rolex Middle East Forum on 19 November 2008
MPParabia holds First Middle East Watch Training Seminar in UAE
Middle East-China Diamond & Jewellery Summit: Trade to thrive despite economic crisis
Hublot’s 2008 sales remains strong
Montblanc CEO visits UAE, inaugurates brand’s largest boutique in the Middle East
International Diamond Laboratories unveils expansion plans in the GCC, Europe
Hublot announces partnership with Manchester United; launches Red Devil Bang
Middle East—China jewellery trade to receive a boost
GCC’s private wealth reserves over USD $ 1.5 trillion
Chopard generates sales 10.5 % growth in Italy during Q1-Q3 2008
Gold trade in Dubai for period January—September 2008 touches USD $ 21.0 billion
WFDB President expresses solidarity with India’s GJEPC
Dubai’s polished diamond trade reaches USD $ 5.29 billion in H1-2008
De Beers production falls 4.0 % in Q3-2008
Another Damas store looted in Northern UAE
Diamond smuggling bid foiled in the UAE
Newmont Mining Corporation Q3-2008 profits falls
GCC H1-2008 advertising expenditure up 23.6 % over H1-2007
Boucheron continues its yearlong 150th anniversary celebrations in the Big Apple & London
Rolex Awards for Enterprise & HCT announce Rolex Middle East Forum
UAE buyers of fashion / luxury products are brand conscious
Dip in gold prices causes run on gold & jewellery retail stores in UAE
Christie’s to hold Fifth Jewels & Watches sale in UAE this month-end
De Beers offers ‘The Beauty Scan’ facility to test counterfeits
DMCC holds Press Conference to announce details of the Middle East-China Diamond & Jewellery industry
Two gang members involved in Dubai heist arrested in Europe
Damas store burgled in Northern UAE
UAE trader pays over USD $ 6.3 million for a pair of diamonds at New York auction
Middle East’s first Gem Show debuts in UAE
Luxury watch market growing in India
Thailand International Jewellery Awards (TIJA) invites global entries for debut competition
WFDB President calls for reduction of rough supplies
UAE is the third biggest buyer of diamond jewellery in the world
UAE coloured stones market set for strong future growth
Aurinvest Capital 2 is investing in young haute horological brand
150 companies sign up for World Jewellery Centre, Las Vegas, Nevada
Dubai Mall’s Fashion Avenue to host region’s largest collection of luxury brands
Swatch Group’s Mini Basel 2008 summit opens in Dubai, UAE
GCC Central Banks likely to take refuge in gold as uncertainty rises
Tiffany & Co. Q2-2008 sales up 11.0 % on Middle East, Asia Pacific demand
LVMH Watch & Sales posts 10.0 % growth during January-September 2008 over 2007 period
Belgium’s polished diamonds exports up 25.2 % in January—July 2008
British Jewellery Market grew to USD $ 4.67 billion in 2007
BHP Billiton diamond annual 2007 / 2008 earnings reach USD $ 893.0 million
Swatch Chairman loses billions due to financial meltdown
Chinese retail jewellery sales rise 44.0 % in July 2008
DTC cumulative price increases total 16.0 % by August 2008
Rio Tinto Diamonds H1 net profit rises 20.0 % to USD $ 108.0 million
Patrizzi & Co. to hold its first auction in Geneva in November 2008
Increased use of RFID technology to protect high value jewellery brands foreseen
World Gold Council issues latest trend report
Van Cleef & Arpels loses trademark suit against Mouawad USA Inc. in New York
Sotheby’s holds watch & jewellery exhibition in UAE
International Diamond Laboratories wins ISO 9001:2000 certification
World being depleted of gold ore bodies
BinHendi Enterprises appoints Euro RSCG Corporate Communications ME as its PR Agency
DGJG reports increased gold jewellery sales in September 2008
DGCX executes the largest gold physical settlement
First ever-online auction of jewellery held in India
Damien Hirst’s USD $ 100.0 million Diamond Skull to begin world tour
Saudi Arabia registers robust and sustained growth; among 20 top business-friendly states
Kuwait posts USD $ 27.2 billion budget surplus in first five months of 2008
4,391 workers added to Swiss watch employee-force in 2007
Diamond jewellery sales surge in the Middle East
Jewellery consumption climbs in the Middle East; EC, China, India dominate Dubai’s rough diamond export destinations
Vasant Mehta elected new GJEPC Chairman
LVMH’s watches & Jewellery sector to the fore in H1-2008
Thai Gems & Jewellery Traders Association (TGJTA) launches Ruby Guide
Dubai gold refiner seeks role as mini-bullion bank
Van Cleef & Arpels ring nets USD $ 656,500 at Sotheby auction
Vintage jewels gaining popularity as investments
Breguet-supported refurbishment of Palace Petit Trianon completed, to be open to public shortly
MPParabia to conduct 1st Middle East Watch Training Seminar in November 2008
GCC states to invest USD $ 3.0 trillion of oil wealth in region, GLA to expand
Lesotho mine yields 478-carat diamond
Record price paid for Girard-Perregaux chronograph during auction in Singapore
First Bloomingdale’s store to open in Dubai, UAE in early 2010
Rolex Award for Enterprise - RAE Head applauds Oman initiatives in environment, heritage
Sotheby’s to hold auction, including property from Time Museum in October 2008
Dubai Group buys 18.0 % of Australian gold miner
Lebanese diamond smugglers arrested in Surat, India
IDL provides laser inscription services for diamonds
Dubai to organize World Pearl Forum in February 2009
Middle East stands out as top destination for export of Swiss premium watches
Qatar GDP to reach USD $ 86.0 billion fuelled by high oil, gas prices
Sheikh Ahmed Bin Saeed lends patronage to DGJG
Middle East among top priority markets for the Thai Gems & Jewellery Industry
The GCC has the highest concentration of millionaires in the world
Harry Winston Diamond Corporation posts Q2-2008 incremental sales
Sotheby’s previews 102.56-carat yellow diamond in UAE
Christie’s to launch Middle East season with landmark international exhibition in Abu Dhabi
Antiquorum to auction historic timepiece owned by Albert Einstein
Alrosa’s Sergey Oulin honoured by Belarus President
One of the world’s largest, most valuable pearls found off the waters off the Philippines
DTC & WFDB officials meet in London
Swarovski announces winners of the Watch Design Contest 2008
Sotheby’s London auction in July 2008 nets USD $ 2.828 million
Broken relationships fuel diamond, diamond jewellery sales on the web
GT Racing gets a sparkling touch with IDL-DMCC support
Dear Reader,
World’s top watch manufacturer attains tactical investment stake in leading GCC luxury retailer
Top Dubai retailer appointed ‘Fine Watch-Making Ambassador’
Thailand aiming to become the world’s Gem & Jewellery Hub, surge in gemstones exports
Richemont buys 60.0 % stake in Roger Dubuis
Middle East—China Diamond & Jewellery inaugural summit to be held on 8 November 2008
UAE gold jewellery sales volume rises in June 2008
DGJG’s Dubai Summer Surprise campaign nets USD $ 137.0 million
Sotheby’s to hold auction of important watches in November 2008
Antiquorum announces cancellation of its Autumnal auction in Geneva
Design Awards to be presented at Inhorgenta Europe 2009
Dubai Mall to open on 30 October 2008
This current edition of the Weekly AWJ B2B Newsletter Broadcast
Jewellery, Gems & Watches in first place on ‘investment of passion’ by Middle East HNWIs in 2007; GCC tops world wealth growth
GCC surplus to trigger 20 % rise in SWFs
IDL unveils diamond laboratory in Istanbul
DGCX does not foresee any merger in the near future
Flourishing family-run pearl farms on China’s East coast replaced by companies
Jewellery designing course held in Dubai
India’s June 2008 gold imports fall
Middle East FDI hits record USD $ 75.0 billion in 2007
eBay ordered to pay USD $ 63.0 million to LVMH in French court ruling
More than 28,000 fake watches destroyed by Swiss authorities
Qatar revises 2007 GDP to QAR 258.0 billion
Big diamond seizure by Indian Customs
Number of Middle East millionaires rises on record oil revenues
Swiss watch industry creates new jobs, adds new companies in 2007
TGJTA-propelled ‘Business-Matching’ to catalyze business prospects at 42nd Bangkok Gems & Jewellery Fair
World Diamond Council announces agenda for Antwerp June 2008 meeting
WDFB President calls on Bourse members to boycott Venezuelan diamonds
World Gold Council harnesses two top Arab divas to promote gold jewellery
IDC announces new diamond grading & nomenclature rules
Lebanon’s GDP expected to rebound this year
May 2008 gold jewellery sales register increase in UAE
DMCC unveils International Pearl Jewellery Design Programme
Shining surprises from DGJG during the Dubai Summer Surprises (DSS)
Damas to go public, announces intent to float shares on DIFX
Antiquorum holds summer sale of exotic watches in New York
Sotheby’s mid-July 2008 London sale to offer extraordinary watches
Gulf will continue to dominate global wealth spots
Middle East & emerging markets account for 20.0 % of 2007 Swiss watch exports
Swatch completes full acquisition of Francois Golay SA
PPR acquires 23.0 % of Sowind stock
De Beers’ Marketing Unit renamed ‘Forevermark’
WGC announces overwhelming response to Gold Jewellery Design Contest
Dubai Graff Jewellery store heist accused gets 10-year jail term