According to the Pricewaterhouse Coopers (Pwc), the majority of Middle East CEOs are positive that the region is on the way to economic recovery. Over 80 percent of the Middle East CEOs said they are confident of their prospects in the next 12 months, PwC added. On the other hand, some business leaders polled in the firms Annual Global CEO Survey, urge caution against overconfidence, suggesting the path to the new paradigm may not always be smooth.

Harry Winston reported that its consolidated revenues during the fourth quarter, which ended on January 31, rose 13 percent to $133.7 million. Harry Winston posted a net loss of $3.4 million for the period against a loss of $73 million in 2009. The company retail sales in the fourth quarter rose 4 percent to $70.2 million.

The Dreyfuss Group recorded a 24 percent increase in sales in 2009. Watches under the Rotary label, the group’s main brand, performed very well on the market, achieving a 50 percent upturn in value in December despite of the economic crisis. Dreyfuss Group has recently opened their office in Dubai.

The actress Julianne Moore wore a Leoni collection clutch in anthracite mat python skin; a rose gold Assioma D watch and a rose gold B.Zero1 ring at the Broadway opening of Lend Me a Tenor that was held recently in New York.

Despite the economic crisis, the French watch making and jewellery market enjoyed a degree of stability in 2009. Sales of watches were down however. According to the recent 2009 survey of Comite Franceclat and Societe 5Gfk, French production of watches and jewellery recorded a 17 percent drop in value last year to 1.8 billion Euros. For watch making, down 18 percent to 230 million, the sector of watch components was particularly hard hit by the decline in orders from large Swiss customers.

Vacheron Constantin brand manager in Russia Nicolas Defkers received The Most Innovative Mens Wristwatch Collection award that was granted to a Quai de IIle model in the international award ceremony Fashion Olymp 2010. The ceremony was held on 11 March 2010 in The Ritz-Carlton Hotel in Moscow and was attended by the best representatives of the fashion and luxury industry. Fashion Olymp is an international fashion, style and design award which is granted for exceptional achievements in worlds fashion industry.

A&S Chronora will reveal the new GirardPerregaux Boutique in Downtown Beirut district at the new Gold Souks. The official inauguration will be held on the 22^nd of April during the presence of company officials from GP and A&S Chronora. Apart from Girard Perregaux and Jean Richard, A&S Chronora is the official distributor of Rolex, Tudor and Mikimoto in the Lebanon.

On Thursday 18^th March 2010, numerous representatives from the watch making industry gathered in the Hotel Plaza in Basle to participate in the announcement of the winners of the Watch of the Year 2010. For the 17^th time in succession now, the specialist magazine Armbanduhren, together with the Welt am Sonntag, called upon its readers to vote for their favourite timepieces. A total of 159 timepieces were nominated in the category of mens watches. The votes could be submitted either by postcard or online. Shortly before the announcement of the winner, the excitement in the room rose to fever pitch: Peter Braun, chief editor of Armbanduhren, recently revealed that the Senator Chronometer had been chosen as Watch of the Year 2010, during the yearly event that was held at Basle. A total of 11,147 readers took part in the vote. Of these, 637 voted for the Senator Chronometer as winner.

The New Trinity collection of Cartier jewellery is named after its three stylish rings, its cosmic identity charms the imagination with four magic words: all about you forever. The light and deifies black in a collection studded with panther spots, flowing drapes and lunar bands shining forth in platinum, black ceramic and diamonds.

Edox has now made this dream come true with a new collection wholly dedicated to the World Rally Championship (WRC).In addition to the standard displays; the new WRC Chronorally offers a plethora of new possibilities: stage timing with an accumulated stage time, recount/replay mode, countdown mode and chronograph.

Edox has been taken on as the official timing partner for the WRC World Rally Championship for the next three years.

Christies Dubai will for the first time present a wide range of period jewels from the Art Deco period (1920 to 1935) in the upcoming April auction, alongside pieces by nine contemporary jewellery designers and a range of exquisite diamonds and coloured gemstones. The watch section will include 43 rare and highly collectable watches including an exceptional diamonded Patek Philippe wristwatch.