Market News
Dubai airport traffic reaches 3.7 Million passengers in April 2010
Saudi economy expand by 4 percent in 2010
Dubai exports grow 13 percent in April
Abu Dhabi destroys counterfeit products
Top advertisers in the Middle East in Q1 2010
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Company News
Cartier Opens a Boutique in Saint Petersburg and plans a further expansion in the Middle East
Usain Bolt, joins Hublot in a sprint to its latest ventures
Swatch FIVB World Tour 2010
Sienna Miller, the new face of Piaget Possession and Taylor Momsen wears Piaget in her music video
Hublot renews partnership
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Product Launch
Girard-Perregaux presents Bi-axial Tourbillon white gold
MB&F presents Horological Machine No3 Frog
Nautica introduces new city sport watch
Roger Dubuis launches new collection and further expansion plans across the Middle East
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Exhibition & Events
The FHH announces a new Mission delegate in the Middle East
World Gold Council appoints new Managing Director
Damas names Anan Fakhreddin as new Chief Executive Officer
De Grisogono appoints Gerald Roden as CEO
June Hong Kong Jewellery & Gem Fair 2010 sets new record on exhibition space
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Breaking News
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Market Reports
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Market News
 Dubai airport traffic reaches 3.7 Million passengers in April 2010

Dubai International Airport continued to post growth in passenger and cargo volume despite the volcanic disruption. Dubai Airport passenger numbers rose by 13.9 percent to 3,745,016 in April from 3,289,037 during the same period last year and cargo volumes increased by 19.6 percent to 178,357 tonnes from 149,169 tonnes.

 Saudi economy expand by 4 percent in 2010

Saudi Arabia is projected to record a four percent growth this year on the back of government spending and higher oil production, says the Business Optimism Index (BOI) released by the National Commercial Bank (NCB), in association with Dun and Bradstreet South Asia Middle East Ltd. (D&B). According to Said Al-Shaikh, senior vice president and chief economist of NCB, even though business sentiments were not as high as the previous quarter due to the uneven pace of global economic recovery, they were almost as strong, indicating continued recovery in Saudi Arabia.

 Dubai exports grow 13 percent in April

A recent study published by Dubai Chamber of Commerce and Industry indicated that the total exports of 4,645 members during April reached Dh16.8 billion, 13 per cent higher than the same month figure in 2009. The GCC remained the largest export destination for Dubai Chamber members, with about Dh8.1 billion in exports, or 48 per cent of the total during the month.

 Abu Dhabi destroys counterfeit products

The Abu Dhabi Department of Economic Development has destroyed counterfeit products. This move was part of an effort to crack down on fake goods. The total number of products destroyed was 11,263, which included 5,129 electrical and electronic products and phones, 3,022 items of clothing, 2,710 items of cosmetics, and over 400 tobacco products. The Abu Dhabi Department of Economic Development is planning further crackdowns this year.

 Top advertisers in the Middle East in Q1 2010

According to Pan Arab Research Centre (PARC), the top five advertisers by industry in the media in the first quarter of 2010 were the government and organizations, and shopping malls and retails stores which have replaced real estate spenders in second place. The entertainment sector is in third place, insurance, real estate, and properties in fourth and in fifth place the publishing media.

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Company News
 Cartier Opens a Boutique in Saint Petersburg and plans a further expansion in the Middle East

Cartier has opened its first Saint Petersburg boutique on the banks of the Moyka River, a tributary of the Neva, whose rippling sheen is reflected on the facade of 55 Naberezhnaya Reki Moyka. A further expansion plan for new Boutiques in the GCC countries is well under way.

 Usain Bolt, joins Hublot in a sprint to its latest ventures

Hublot announced that the worlds fastest man is now an official Ambassador to the brand. The 23 year old Jamaican athlete, Usain Bolt, virtuoso of the 100 m, conqueror of the 200 m, the man who broke all the records on the athletics track joins the ranks of the exceptional sportsmen and women who are members of the Hublot family.

 Swatch FIVB World Tour 2010

Swatch pays special tribute to the 2010 FIVB World Tour, of which it is the accredited sponsor, in the form of a new Chrono Plastic Snowpass called Sand Diver, a sporty model that depicts sand flying from the court as a result of spectacular acrobatics by volleyball players.

 Sienna Miller, the new face of Piaget Possession and Taylor Momsen wears Piaget in her music video

To commemorate 20 years of its Possession collection, Piaget is thrilled to announce an exciting new collaboration with one of the worlds most fashionable women, Sienna Miller. An accomplished actress and a true fashion icon, Sienna Miller effortless beauty and unforgettable style have landed her on the cover of countless fashion magazines.

In addition, Piaget has provided Taylor Momsen with all of her accessories in her upcoming music video, Make Me Wanna Die. The 18-carat yellow gold Piaget Polo watch and new Possession Celebration rings adorn Momsen during the video. Multiple other Possession rings and necklaces as well as the Piaget Polo watch, one of Piaget iconic timepiece, accentuate Momsen rock-star look and help define her glamorous yet edgy appeal.

 Hublot renews partnership

Hublot has renewed two of its sporting partnerships, with the American skier Bode Miller, Olympic triple medalist in Vancouver last February, and with the Mexican national football team, which will be competing at the World Cup this summer in South Africa.

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Product Launch
 Girard-Perregaux presents Bi-axial Tourbillon white gold

Girard-Perregaux has unveiled a white gold version of its Bi-axial Tourbillon. This Tourbillon combines two concentric cages and enables the regulating part to make multi-dimensional rotations. Visible both via the dial and the case-back, the complex mechanism has an astounding delicacy.

 MB&F presents Horological Machine No3 Frog

MB&F has presented Horological Machine N°3 Frog, an evolution of the MB&F HM3 series of watches. The new Horological Machine, as hinted by its name, has been inspired by the protruding eyes of a frog. The HM3 Frog catches the eye by its bulbous domes designed so that the time is easily read from a lot of angles with no need to turn the wrist. The HM3 Frog is available in Grade 5 titanium with blued rotor or a limited edition of 12 featuring mark-resistant black-coated titanium with green rotor.

 Nautica introduces new city sport watch

Nautica new city sport watch, NCT 400, is available in a Japanese movement 2-eyed chronograph with calendar function or date only version with a big date window at 6 o clock. A unique dial treatment calls out the 2, 4, 8 and 10 markers against a textured background. Bright-colored aluminum accent rings on the steel pushers add a sporty element reflecting dial accents like glints of sun on the water. The sophisticated design features genuine croco pattern leather straps, off-white contrast stitching and signature polished steel buckle with Nautica logo. This timepiece is water resistant to 100M.

 Roger Dubuis launches new collection and further expansion plans across the Middle East

Roger Dubuis has announced the launch of new timepieces from the best selling Easydiver collection at a glittering event held at Atlantis, Dubai. The launch was attended by watch connoisseurs, prominent businessmen and VIPs. Six new timepieces of the EasyDiver collection were presented at the event.

Chief Executive Officer of Manufacture Roger Dubuis, Matthias Schuler, said that with expansion plans across the Middle East in the pipeline such launches are part of a series of initiatives for Roger Dubuis towards making its mark in the Middle East connoisseur markets in Haute Horlogerie.

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Exhibition & Events
 The FHH announces a new Mission delegate in the Middle East

The Foundation de la Haute Horlogerie announces a new Mission delegate in the Middle East. According to a press conference that was held in Dubai today, Thursday, 27 May, the FHH emphasized the growing importance of the Middle East market and have decided to split the former Middle East-India delegation into two separate ones. Mr. Omar Chaoui, has been appointed Mission delegate of the Middle East region. Omar is Regional Manager for Roger Dubuis in Dubai. He has been based in Dubai working in the watch industry for the past ten years.

 World Gold Council appoints new Managing Director

The World Gold Council (WGC) has appointed David Lamb as its Managing Director, Jewellery, effective July 1st. Lamb who will be based in New York, will have overall responsibility for the strategic development of the gold jewellery market worldwide with a particular focus on building the premium market in the United States. He will be a member of the WGCs Leadership Team and will report directly to Aram Shishmanian, CEO of the WGC.

 Damas names Anan Fakhreddin as new Chief Executive Officer

Damas International Limited, appointed Anan Fakhreddin as chief executive officer, replacing Sanjay Kalsi, who held the position of Interim Acting chief executive officer of the company. Fakhreddin is a board member of Damas and until recently was the managing director for Middle East and Turkey at the World Gold Council.

 De Grisogono appoints Gerald Roden as CEO

De Grisogono has secured the services of Gerald Roden, to the position of General Manager with the title of Chief Executive Officer to take over the running of the company. Fawaz Gruosi remains President and Managing Director. After a very positive edition of Baselworld, Mr. Roden arrival will allow the de Grisogono Group to further continue its development towards its ambitious objectives.

 June Hong Kong Jewellery & Gem Fair 2010 sets new record on exhibition space

The 23rd edition of the June Hong Kong Jewellery & Gem Fair (June Fair), the biggest international mid-year jewellery fair in Asia, will be held from 24 to 27 June 2010 at the Hong Kong Convention and Exhibition Centre (HKCEC), where more than 1,200 exhibitors from 30 countries and regions will participate. Fair organiser, UBM Asia Ltd, expects the Fair to attract thousands of visitors from over 100 countries and regions.

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Breaking News
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Market Reports
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