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Baselworld’s Complicated ‘Opening Act’

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Baselworld representatives at opening day press conference.

BASEL, Switzerland — Baselworld, the premiere event of the Swiss watch industry, on Wednesday unveiled the latest renovation to the multi-building complex that it calls home. The $454.5-million upgrade reflects the spectacular success of an industry that has defied the trials and tribulations of the worldwide economy and a product that has remained popular despite changing fashion and trends. It also is a response to an industry now dominated by a few luxury conglomerates.

The eight-day watch and jewelry fair actually opens Thursday. Wednesday was press day, where top officials discussed the tradeshow and the industry in general. The discussion of the new design was described as Baselworld’s “opening act” by Sylvie Ritter, managing director of the tradeshow.

While several buildings underwent dramatic change under the leadership of architects Herzog & de Meuron, most eyes are focused on Hall 1, now rebranded as the “Global Hall.” It is the main area for some of the most world-renowned watch and jewelry brands. This year, the area not only underwent dramatic structural change, but occupants changed as well. Several brands (mostly independent) were moved to other areas of the complex. Now brands represented by global conglomerates Swatch Group and LVMH far outnumber independent brands. These include Hublot, Tag Heuer, Breguet and Bulgari.

Independent brands that remain in Hall 1 include Patek Philippe, Rolex, and Ulysse Nardin.

René Kamm, CEO of MCH Group, which operates the Basel fairgrounds (Messe Basel), explained that the redesigned hall is reserved for “watch and jewelry brands that have a global impact and a worldwide reach.”

Speakers put on a unified front and spent a great of deal of time thanking exhibitors. However, change this dramatic does not come easy and several exhibitors who have lost their space in Hall 1 were not happy (although refusing to voice their displeasure publicly).

All of this change also came at a price. Several brand executives told me (or refused to dispute) that exhibiting in Hall 1—which includes the construction of multi-story, elaborate temporary showrooms that also have been upgraded this year—now costs upwards of $5 million.

Jacques J. Duchêne, president of the Baselworld Exhibitors’ Committee, said it is the domination of luxury conglomerates that has led to the changes at Baselworld.

“In the course of the past 15 years, the watch and jewelry industry has been through a consolidation process on a scale never witnessed before, and this has also had its effects on the challenges faced by production and marketing, which have changed radically,” Duchêne said. “Now it is a good thing to take note of changes and to adjust to them, but it is even better still to anticipate needs and to be in a position to satisfy them without delay when they arise.”

The price hike and the pressure to create more elaborate booths were also felt among exhibitors who don’t have the deep pockets of the brands in Hall 1. A few companies actually pulled out of the show. Perhaps seeing an opportunity, Hong Kong-based tradeshow and publishing company, UBM Asia, will open its first tradeshow in the European market next year in nearby Freiburg, Germany, with dates that overlap Baselworld.
 
The international press at the opening of Baselworld

But even though some are a bit disgruntled, the 1,460 companies from 40 countries exhibiting recognize the importance of being there in terms of sheer numbers, glamour and international attention. Many brands will bring international celebrities along to help present their new products. More than 3,500 journalists from 70 countries will be covering the event and approximately 100,000 people will attend.

The show is also buoyed by the amazing success of the Swiss watch industry. In 2012, the industry has produced another record year with exports totaling 21.4 billion Swiss francs ($22.6 billion), a 10.9 percent increase over 2011.

“Today, it is thanks to this excellent state of health of the industry that we are able to present the show to you in its attractive new look,” Duchêne said. 

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The 206-Carat ‘Imperial Emerald’ Unveiled at Baselworld

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Photo credit: Anthony DeMarco

Luxury jewelry firm, Bayco Jewels, unveiled a 206-carat natural Colombian emerald named the “Imperial Emerald” in its showroom Thursday during the opening day of Baselworld 2013.

Owners of the company, Moris and Giacomo Hadjibay, said it is “one of the most precious gemstones to ever exist.” The brothers say that it was purchased from a private collector who owned it for 40 years. They refuse to reveal the price of the gem.

“We paid with our hearts,” a visibly emotional Moris said. In addition, its provenance is unknown. 



Giacomo Hadjibay with the Imperial Emerald. Photo credit Anthony DeMarco

The brothers say the purchase is a tribute to their father, Amir, an Iranian native who moved to Italy in 1957 and founded Bayco not long afterward. The company specializes in one-of-a-kind jewelry pieces made with exceptional gemstones. Amir, knew the previous owner of the gem and told the owner long ago that he would buy it whenever he was ready to sell.

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Blue Nile Q1 Sales Up 16.9%, Profit Exceeds $800,000

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The year has begun well for Blue Nile, Inc. The online diamond and jewelry retailer said Thursday that net sales increased 16.9 percent to $97.1 million for the first quarter ended March 31, led by a near 20-percent increase in U.S. engagement jewelry sales and overall strong growth in all markets.

Net income totaled $832,000, or $0.07 per diluted share, compared with $154,000 in the first quarter of 2012. Operating income for the period totaled $1.2 million, representing an operating margin of 1.2 percent of net sales.

Non-GAAP adjusted EBITDA for the quarter totaled $3.1 million. For the trailing 12-month period ended March 31, net cash provided by operating activities totaled $21.3 million compared to $18.4 million for the same period of the prior year. For the same trailing 12-month period, non-GAAP free cash flow totaled $18.6 million.

“We are pleased to announce significant revenue growth along with expanding profitability in the first quarter of 2013,” said Harvey Kanter, Blue Nile president and CEO. “Clearly our value proposition continues to resonate with consumers, both in the U.S. and internationally.”

Other first quarter 2013 highlights for the Seattle-based company include:

* U.S. engagement net sales increased 19 percent to $55.3 million.

* U.S. non-engagement net sales increased 7.4 percent to $24.2 million.

* International net sales increase of 24.8 percent to $17.6 million. Excluding the impact from foreign exchange rates, international net sales increased 25.9 percent.

* Gross profit totaled $17.6 million. As a percent of net sales, gross profit was 18.2 percent compared to 18.4 percent for the first quarter of 2012.

* Selling, general and administrative expenses for the first quarter 2013 were $16.5 million, compared to $15.1 million in the first quarter of 2012. This includes stock-based compensation expense of $1.1 million for the first quarter of 2013 and 2012.

* Earnings per diluted share for the first the period included stock based compensation expense of $0.05 compared to $0.05 for the first quarter of 2012.

* Cash and cash equivalents totaled $40.5 million.

In its guidance Blue Nile said it expects net sales in the second quarter to be between $100 million and $105 million with earnings per diluted share are projected at $0.13 to $0.17.

The company also said that net sales for fiscal year 2013 (ending December 29) are expected to be between $440 million and $470 million with earnings per diluted share projected at $0.75 to $0.85.


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MB&F Creates Timeless Music Machine That Doesn’t Tell Time

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The MB&F 'Music Machine' in black

The award-winning independent watchmaking firm, MB&F (Maximilian Busser and friends), is known for its technical and artistic innovations and for its creative partnerships that result in unusual timepieces that they define as micromechanic sculptures and performance art pieces.

However, even for this Geneva-based company, what it unveiled in Baselworld 2013 this year took its innovative prowess to a new level. In a partnership with iconic luxury music box maker, Reuge, the two created what MB&F calls the “Music Machine.” It’s a music box that is outside the box in every way imaginable.

Maximilian Busser, the founder of MB&F defined the parameters of the design and chose the music, explained Eléonor Picciotto, MB&F’s public relations representative. Reuge built the music box based on those specifications. The two cones that create the music contain 72 notes each and play six melodies. It uses 1,400 precision-placed pins that pluck the teeth of a "comb" as the cylinder revolves. It works in a traditional way but they are exposed on top of a sleek, futuristic looking spacecraft made in walnut that works as a sound amplification chamber.

The Music Machine in white at Baselworld. Photo credit: Anthony DeMarco

The songs performed by the cones are far from traditional. The one cone plays deep Purple’s “Smoke on the Water” (which was inspired by a fire during the Montreux Jazz Festival), Pink Floyd’s “Another Brick in the Wall” and John Lennon’s “Imagine. The second cone performs the Star Wars Theme and the Imperial March from Star Wars V The Empire Strikes Back, and the Star Trek theme song.

So how can a watchmaking company unveil a music box at the biggest watch fair in the world with a straight face? Picciotto explains that the company doesn’t call its products timepieces or watches. They call them “horological machines.” Creating a “music machine” is an extension of the concept. In addition, a traditional music box is based on the same mechanical principles as a watch.

As one would expect it is a limited edition item, in this case 66 pieces: 33 pieces in a white lacquer finish and 33 pieces in black lacquer. The cost is $12,300 Swiss francs ($13,174), about a quarter of what a MB&F watch starts at. However, others must have immediately saw the value as the Reuge website indicates that the entire line is sold out. 

Below is quick look at it in operation.



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UBM Launches Jewelry Fair in Germany during Baselworld 2014

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Does Baselworld have competition? Hong Kong-based tradeshow and publishing company, UBM Asia, has been coy about this but its new jewelry show in Europe will butt heads with Baselworld in 2014.

This new tradeshow called, “Jewellery & Gem Fair – Europe,” will be held April 1 – 4, 2014, in Freiburg, Germany. The dates and location line up nicely with Baselworld 2014, which will be held March 27 – April 3, 2014. Freiburg is less than an hour away from Basel, Switzerland. In fact, it’s so close that when I attended Baselworld two years ago, I stayed in Freiburg

This announcement of a new tradeshow comes after the world’s largest watch and jewelry tradeshow finished a $454.5-million upgrade to the Messe Basel complex that came with several upset vendors. In fact, the 1,460 companies who exhibited at the recently concluded Baselworld 2013 was 355 fewer than those who exhibited the prior year.

The biggest player to exit Baselworld this year was David Yurman, after what was described as “‘exasperating’ back-and-forth with the powers that be at Baselworld.” People from several companies expressed their dissatisfaction to me with their booth placement, the substantial increase in the cost of participating this year, and the pressure to construct newer, larger and more expensive booths for the show. One company, which was one of the few companies to both remain in the same space and not expand their booth, told me they still had to pay 30 percent more than the prior year.

UBM Asia is refusing to acknowledge that they are creating a competing show, calling this new fair “a comprehensive sourcing fair offering a wide range of jewelry products.” It is being positioned “as a high-efficiency, high-level face-to-face jewelry business platform to create real business value for international suppliers and buyers.”

UBM says that more than 260 exhibitors from 25 countries and regions have reserved exhibition space a year ahead of its launch. “This figure represents more than 50 percent of the expected number of exhibitors and represents 60 percent of the total exhibition space which indicates the market’s enthusiasm for this new fair in Europe,” UBM said.

Exhibitors that have signed up are from Australia, Austria, Belgium, Brazil, China, Columbia, France, Germany, Hong Kong region, India, Israel, Italy, Japan, Korea, Poland, Russia, Spain, Sri Lanka, Switzerland, Taiwan, Thailand, Turkey, the United Kingdom, the United States and Zambia.

The fair is open to the jewelry trade, business professionals and members of the media. Free admission to save €30 will be granted to preregistered visitors and online preregistration opens in June 2013. 


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Independent Watch Brands Make their Mark at Baselworld 2013

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The Speake-Marin Triad

It’s officially known as the “Palace” but it’s actually a small, makeshift building on the Basel fairgrounds (Messe Basel), home of Baselworld 2013, the world’s biggest and most important watch and jewelry tradeshow. Royalty may not inhabit this portable building but what is inside are some of the most creative and innovative independent watchmakers in the world. These companies are joined by equally capable small independent watch brands that were scattered among the 1,460 exhibitors throughout the massive complex of buildings.

Their visions may be entirely different, but one thing these companies do share is keen intellect, creativity and passion. The individuals who lead these small firms are highly skilled at combining the highest forms of modern watching with an advance design esthetic and a singular vision.

It was impossible for me to visit them all but what is presented below are nine companies and their products as a representative sample of the technical prowess and artistry of these firms at the recently-concluded tradeshow. They are as follows:


Arnold & Son
The Swiss company with British heritage created what it says is the world’s thinnest tourbillon watch. Called the UTTE (Ultra-Thin Tourbillon Escapement), the case of this timepiece is 8.34 mm thick. It is equipped with the A&S8200 movement that is just 2.97 mm thick. The caliber was created in-house at the brand’s La Chaux-de-Fonds workshops. It is limited to 50 pieces.


Christophe Claret
The French native who operates out of Le Locle, Switzerland, introduced the Kantharos at Baselworld— a complex monopusher chronograph with an integrated in-house automatic movement. It features a striking cathedral gong at the 10 o’clock mark that chimes with each change of function. The constant-force escapement is on the dial side at 6 o’clock. The energy delivered to the escapement remains constant from beginning to end of the power reserve.


Da Vindice Geneva
A watch complication I never encountered is a barometer. It was a passion and challenge for Cosimo Vindice, founder of the new Geneva-based watch brand with Italian heritage, to include this and a tourbillon in a single watch built in-house. An aneroid barometer is used for the Da Vindice’s Videx Tourbillon Barometer timepiece. Atmospheric pressure is managed in a capsule, sealed with the air partially removed from it. The changes in pressure are visible on a subdial placed at 6 o’clock. The watch is designed to accommodate this complication. It is available in white or rose gold.


Dubey & Schaldenbrand
The stainless steel tonneau-shaped Grand Dome R92 Column Wheel Chronograph is another example of how this watch brand produces timepieces that combine vintage movements with modern craftsmanship and design. The R92 movement was originally fabricated in the 1950s. It uses a swivel-pinion design to synchronize the chronograph components. The dial is exposed providing full view of the movement.


Franc Vila
The Spanish native is one of the best-known and most innovative independent Swiss watchmakers in the world. The latest edition to his Intrepido Collection, the FVi No 8 Tourbillon Intrepido SuperLigero Skeleton, has a skeletonized hand-wound tourbillon and 100-hour power reserve. Its set into a grade 5 titanium case coated with black DLC, with an 18k red gold bezel. Visible through the sapphire crystal, the dial exposes the in-house movement.


Linde Werdelin
The German watch brand launched the Oktopus II Moon in a series of 59 pieces, available in two versions. The first 12 pieces, representing one piece for each moon of the 2013 calendar year, feature a rose gold and titanium DLC case with ceramic bezel. The following 47 pieces are available in a DLC titanium case with a ceramic bezel. The Oktopus II Moon’s complication, developed in-house, displays the phases of the moon on its dial as one would see it in the sky. As the moon moves clockwise through its monthly cycle, more of its surface is illuminated.


MB&F
The company that released a music box at Baselworld 2013 also decided it was a good idea to release an advancement to its well-known Horological Machine No. 3 (HM3) series: The Megawind. The focus of this piece is a giant battle-axe shaped winding rotor that swings unhurriedly, but indomitably, over the hand-finished movement. The titanium arms of the rotor intermittently reveal views through to the oscillating balance wheel. It’s available in red gold with a 22k red gold rotor or white gold with a sky-blue 22k gold rotor.

Speake-Marin (top photo)
One of the most passionate and intelligent independent watchmakers I met at Baselworld 2013 is British native Peter Speake-Marin, founder of the eponymous Swiss watch brand. His creations are complex in their functions and their stories, yet they adhere to the tradition of fine Swiss watchmaking. The Triad features triple hour-minute indications over an open dial powered by an Eros 2 automatic winding movement. Three is a number heavy with symbolism and meaning; encompasses beginning, middle and end; birth, life, and death; past, present and future. In music, a triad is a three-note chord played simultaneously to provide a single sound. It is available in a limited edition of 88 pieces in stainless steel with an 18k red gold bezel.


York
The new release of the Royal Black Caviar watch has all of the pomp one would expect from a watch brand fronted by Earl York, a prince of the former Schaumburg-Lippe, a tiny principality in the Lower Saxony region of modern-day Germany. The watch comes in a handcrafted Wengé case that includes a caviar service for two. However, this timepiece is more than just packaging. It is a serious traditional watch created by the Schaumburg Watch company, which York serves as creative director and shareholder. The 18k, 44 mm gold case is topped by a bezel set with 53 black diamonds and five black diamonds on the crown. The black textured strap is made of indo-pacific stingray leather with a textured finish that is looks like caviar eggs. The mechanical movement SW 07 is made in house. It is available in a limited edition of 99.

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Jewelry Trends at Baselworld 2013

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Diamond and white gold necklace from Qayten (description below).

Whether it’s through craftsmanship, materials, artistry or innovation, the Italians always make their mark when it comes to jewelry design and this year was no different as brands large and small showcased sparkling and shimmering pieces at Baselworld 2013.

But they were not alone. The French brought its own brand of elegant and delicate designs. German creations were accessible and colorful. The U.S. and Israeli brands brought their glittering best to the party as well. New brands presented products that were competitive with established companies proving there is room for growth in the jewelry trade. And where does one place Fabergé these days? The iconic brand with the royal Russian heritage is now an international contemporary jeweler with one foot in its rich history and the other in its promising future.

There was a crazy, colorful quilt of jewelry to be seen and if only I could be cloned I could have experienced most of it. What follows is a selection of the some of the standout products in a variety of price points and materials that I had the chance to view. 



Casato
Based in Rome and led by Federico Gauttieri, the Italian jewelry brand creates jewelry made primarily with 18k gold and a variety of colored gemstones. The ruby and diamond-centric Dragon Eye is one of the lines introduced by the brand at Baselworld 2013, which includes this 18k rose gold pendant.



Charriol
Steel cable with accents of yellow or rose gold PVD are used to create modern and affordable jewelry for the Forever Young jewelry line. The standout pieces are the 69mm wide cuff bracelets in a crisscross design for a look that mixes elegance with attitude. 



Fabergé
The new Fabergé begins with its purchase by mining company Gemfields, which specializes in emeralds and amethysts from Zambia. Now the company has a direct pipeline for these colored gems. At baselworld 2013, it introduced the high jewelry collection, Les Danses Fantasques, that takes its inspiration from the Great Russian ballets. The collection features several suites, each focusing on a necklace with matching earrings and rings. An example of this is the La Esmeralda necklace pictured. Its part of suite that includes earrings and a ring covered in emeralds and diamonds, inspired by the romantic ballet of the same name. The necklace features white diamonds, suspended on a double chain of cabochon emerald beads and pear-shaped emerald drops.



Fope
The Vicenza, Italy-based company introduced new models to its “Flex’it” collection of crafted 18k gold. It is fully flexible due to tiny gold springs in the construction. The geometrical design is ehanced by squared white or black diamond paves and a range of interchangeable rondels.



Judith Ripka
The popular U.S. jewelry designer was at Baselworld 2013 showing her gold and silver jewelry collections, including these teardrop-shaped African Ruby Earrings, made of 18k gold with rose cut and full cut diamonds, and a 1.04-ct. African Ruby as a center stone.



Meissen
The 300-plus-year-old manufacturer of porcelain products has produced jewelry for a number of years. The company introduced “my little Mystery” collection, which uses a mix of diamonds and white or rose gold with pastel-colored gemstones. It includes this pendant-necklace made of hand-painted “ice green” porcelain with a diamond in the center and rose gold and diamond on its edge. 



Neelia
This is a new jewelry brand is from a Parisian jewelry manufacturer Gay Frères. Baselworld was the brand’s coming out party for its four lines of delicate, feminine jewelry based on simple motifs. As the name suggests, Twirl (pictured) is based on spiral shapes that are made with 18k pink and white gold occasionally covered in diamond pave. 



Nouvelle Bague
Florence-based jewelry designer released the Giardini Di Boboli line of hand-crafted enamel jewelry, including this earrings and ring set in black and “Bordeaux” enamel, rose gold, diamonds and carnelian.



Porrati
Among its introductions at Baselworld, this Italian brand released a series of rings with white pearls and rose gold; pink sapphires set on rose gold; rose gold; and sapphires on rose gold. These same combinations are also available on bangles.

Qayten (top photo)
This new Italian jewelry company specializes in contemporary high-end jewelry made out of a variety of materials. The necklace pictured is named Bologna, the firm’s hometown. It is made of white gold covered in diamonds that takes the shape of a wave. 



Stefan Hafner
The Bologna-based jewelry design firm introduced the nature-inspired Angelica collection of ruby and marquise diamonds jewelry, including these earrings with the rubies set in rows topped by diamonds in the form of small flowers.



Yvel
The Israeli company came to Baselworld with a flurry of new product that combines 18k yellow gold with baroque pearls in textured, organic shapes. The bracelet pictured is good example of the jewelry introduced by the firm, which in this case used three white fresh water pearls to provide a color contrast to the irregular gold shapes.  


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Richemont Announces Leadership Changes at Montblanc and Jaeger-LeCoultre

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Lutz Bethge

Lutz Bethge, CEO of luxury brand Montblanc International, will leave the post to serve as non-executive chairman and head of the Supervisory Board of Montblanc. He will be replaced July 1 by Jérôme Lambert, CEO of Jaeger-LeCoultre. Also at that time Daniel Riedo, currently Industrial director of Jaeger-LeCoultre, will become the luxury watch brand’s CEO.

The announcements were made Wednesday by luxury holding company, Richemont, which owns both brands.

In his new position, Bethge will represent Montblanc externally and will be an advisor to the luxury brand on strategic matters. Bethge has spent 23 years in various roles with Montblanc, becoming CEO in 2007. He is credited for moving the luxury brand from a traditional writing instrument manufacturer to a diverse luxury brand, adding watches, leather goods and jewelry to its product line.

“The Maison has been recognized as a legitimate player in the watch business, providing continued and significant growth,” Richemont said in its statement.


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33 Detained in Spectacular $50M Diamond Heist

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The van believed to have been in the Belgian airport diamond heist was found burned.Photo credit: NBC News

Authorities in Belgium and Switzerland said Wednesday that they have detained 33 people in three countries suspected of being involved in a spectacular $50 million diamond heist at Brussels airport in February, the Associated Press reports.

A French citizen believed to be one of the actual robbers was detained in his home country. Belgian authorities have requested his extradition. Eight others in Geneva were also detained on Tuesday, according to the report. This was followed Wednesday morning by 40 raids by Belgian police that netted the remaining 24 suspects. A Brussels police spokesman is quoted as saying they are certain they recovered some of the stolen diamonds in Switzerland.

Swiss authorities have issued a statement saying that they recovered diamonds that are believed to have stolen in the heist.

The February 18 robbery was so spectacular and efficient that it was compared in the press to Hollywood movie heists such as Ocean’s Eleven and James Bond films. On February 18, the robbers posing as police drove in a van through a hole in the fence (they created) of Brussels airport to the plane carrying the diamonds, pulled out machine guns, took the rough and cut diamonds, and drove away in less than five minutes. The only known clue was the charred remains of a van believed to be in the heist.

Police reportedly said that there will be announcement later Wednesday on how many will actually be charged and their identifications.


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Stéphane Linder to Become CEO at Tag Heuer

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Stéphane Linder
Luxury holding group, LVMH Moët Hennessy Louis Vuitton, has named Stéphane Linder as the new chief executive officer of Swiss luxury brand Tag Heuer. The appointment will take effect June 1.

Linder, who is currently vice president of sales in North America for Tag Heuer, will replace Jean-Christophe Babin who was recently named CEO of Bulgari, also owned by LVMH. Babin replaces Michael Burke who LVMH appointed as head of Louis Vuitton.

Linder began his career with Tag Heuer in 1993 in the R&D Department, and held the positions of Product and Trade Marketing manager, R&D and Brand director, and VP of Marketing and Product Design before taking up his current position in 2010. 


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Chopard Extends Partnership with Historic Grand Prix of Monaco Till 2018

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Luxury watch and jewelry brand Chopard has extended its sponsorship of the biennial Grand Prix de Monaco Historique as its official timekeeper until 2018.

For every GPMH race, Chopard, which has served as the official timekeeper since 2002, creates a limited edition of an eponymous watch, featuring a design inspired by the automobile world. These models are equipped with COSC-certified movements.

Organized by the Automobile Club de Monaco, the GPMH serves as an historical retrospective of Monaco’s famous car race. Every two years, more than 200 drivers from 19 different countries participate with Grand Prix racing cars dating back to between 1947 and 1978, competing in one of seven races during the event. The next edition of the race will be held May 9 – 14, 2014.


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75-Carat Briolette Diamond On A Necklace May Fetch $12.5 Million

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Christie’s Hong Kong Magnificent Jewels sale on May 28 will feature the biggest briolette diamond that has ever appeared at auction, according to the auction house. The 75.36-carat diamond is part of a pendant necklace that includes a marquise-cut purplish pink diamond suspended above the briolette.

The briolette has been graded as D color and type IIa, indicating its internally flawless clarity, excellent polish, highest level of chemical purity and exceptional optical transparency. The two diamonds are joined to a briolette diamond neck chain mounted in 18k rose and white gold. The necklace is estimated to fetch $8.5 to $12.5 million.

The sale at the Hong Kong Convention and Exhibition Centre also includes two other standout pieces



* An emerald and diamond necklace mounted by Boucheron in the 1950s. Its eight emeralds of Colombian origin are set with a line of graduate old European and cushion-shaped diamonds each weighing 10 carats or above alternating with baguette-cut diamonds, according to the auction house. The center stone shows no indication of clarity modification and the other emeralds are all in well saturated green color, which further elevates the necklace’s value, according to the auction house. The estimate for this piece is $3 to $5 million.

* A ruby and diamond ring by James W. Currens for Faidee. Its centerpiece is a natural oval-shaped ruby of 8.88 carats with a richly saturated and homogenous color and a high degree of transparency, is joined by pear and marquise-cut diamonds, according to the auction house. The ruby is of Burma (Myanmar) origin, with no indications of heating and this color appearance is described in the trade as “pigeon blood,” the most desirable red color for rubies. Its estimate is $2.3 to $3.5 million.

In total, more than 290 jewels will be offered. It is estimated to realize in excess of $74 million. It includes signed pieces from world-class jewelry houses and fine jewels with distinctive shapes, structures and color combinations. 

  
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Chopard Unveils 65-Carat, $1.58 Million Happy Sport Anniversary Watch

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Chopard is celebrating the 20th anniversary of its successful Happy Sport watch line by releasing the Happy Sport Diamantissimo—an 18-carat white gold timepiece set with 958 baguette-cut diamonds and 1,978 brilliant-cut diamonds totaling 65 carats. It retails for 1.5 million Swiss francs ($1.58 million).

And it’s not just another pretty face as this timepiece is driven by a Chopard L.U.C 96.17-L in-house movement. The company said in a statement that this watch combines its expertise in high jewelry and fine watchmaking.

It took more than 4,500 hours of work to create the watch—with 1,700 hours dedicated to gem setting. The dial, bezel, case and bracelet links are covered with diamonds using the “invisible” setting technique. This involves each stone being cut and adjusted to create a seamless diamond-studded surface showing no spaces and no setting prongs.

Caroline Scheufele created the Happy Sport in 1993 and it has since been reinterpreted in elegant and even humorous ways, appearing in a number of identities, including Happy Beach, La Vie en Rose, Happy Spirit and Mystery Pink.


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Nayla Hayek Named CEO of Harry Winston

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Nayla Hayek

Swatch Group Ltd. said Friday that Nayla Hayek, chairwoman of the Swiss holding company and daughter of the company’s founder Nicolas Hayek, has been named CEO of Harry Winston, Inc., effective immediately.

This change in leadership was first noted in early April when it was reported that the luxury brand’s former CEO, Frédéric de Narp, quietly left the company and Hayek assumed his role. She had already been nominated chairwoman of Harry Winston when the company was acquired by Swatch Group in March from former its owner, now named Dominion Diamond Corp., for $750 million plus the assumption of up to $250 million of pro forma net debt.

The luxury diamond jeweler and timepiece retailer has salons in key locations throughout the world—including New York, Paris, London, Beijing, Shanghai, Hong Kong, Singapore, Tokyo and Beverly Hills.

The brand’s namesake, Harry Winston (March 1, 1896 – December 28, 1978) founded the luxury retail company in 1932. He was among the most famous jewelers in the world and the first jeweler to lend jewels to an actress for the Oscars red carpet in 1944. He was also well-known for donating the Hope Diamond to the Smithsonian Institution in Washington.

The Swatch Group, based in Biel, Switzerland, is active in the manufacture and sale of finished watches, jewelry, watch movements and components. It is the world’s largest watchmaking group and supplies nearly all the components required for the watches sold by its 19 individual brands and the multi-brand Tourbillon retail company.


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Montblanc Princess Grace of Monaco Collection

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Petales Entrelaces Tourbillon Ring

Montblanc has released new pieces to its Princess Grace of Monaco Collection by Susie Otero, managing director of jewelry for the luxury brand. First introduced in 2011 as an homage to the actress and princess of Monaco, Grace Kelly, the collection is based on two motifs with the same inspiration: A pink rose that was created and named Grace de Monaco to commemorate her 1956 wedding to Prince Rainier III of Monaco.

Petales Entrelaces Ring

The new designs serve as a complement to ones already created. The collection continues to be based on delicate curved petal shapes intertwined by using various jewelry-making techniques with subtle touches of diamond pavé. The polished gold surfaces, curved lines and diamond sparkle create movement when the jewelry meets with light. 
 
Petales de Rose Earrings

The bolder more contemporary of the two motifs is the Pétales Entrelacés (petals intertwined). As the name suggests the line features interlocking petal-shaped 18k pink gold pieces often sprinkled with diamond pavé. The new pieces—which include three rings, a bracelet and a necklace—are based on two themes: 

Petales de Rose Ring

* Petits Pétales (small petals), which as the name suggests are miniature petals in pink gold that interlock to form a floral chain; and

Petales Entrelaces Tourbillon Necklace

* Tourbillon (whirlpool), in which these same interlocking pieces are joined together in a way that forms whirlwind of rose petals in plain or diamond pavé pink gold, often mixed together.

Petales EntrelacesPetits Pétales Bracelet

Meanwhile, the Pétales de Rose motif takes a more subtle approach with the use of white gold and openwork diamond-pavé rose petals to form sinuous, graceful shapes. New pieces in this group include necklace, earrings, bracelet and two rings. 

Petales de Rose Bracelet
 
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The Swatch Group Brands at Baselworld 2013 (including Harry Winston)

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Harry Winston Opus XIII

The powerful presence of the Swatch Group was present like never before at Baselworld 2013, taking up a larger chunk of the renovated Hall 1.0, the most prestigious area at the show for the majority of its 19 watch brands, which span just about every segment of the watch industry.

In addition, the company, which also owns watch movement manufacturers and retail brands, hosted a separate museum-quality exhibition in Hall 2.0 for its Swatch timepieces; the brand that has been the most responsible for the company’s enormous success.

The newest brand under Swatch Group’s enormous umbrella, Harry Winston, still had its own space in Hall 1.1, as the $1 billion acquisition occurred in March, well too late  for Harry Winston to be folded into the other company holdings (perhaps next year).

Below are some of new releases from the seven brands in the group that I had the chance to visit during the eight-day tradeshow. I included Harry Winston as the company's new CEO, Nayla Hayek, was announced Friday.


Blancpain Carrousel, Minute Repeater and Chronograph
The Swiss luxury watch brand has created a fully mechanical watch that combines a one-minute flying carrousel (similar to a tourbillon) and a minute repeater with a flyback chronograph.

For the minute repeater, the blades of its cathedral gong wrap one and a half times around the movement to emit the sound. Its transmission is optimized by fixing the gongs inside the case, which increases volume and clarity. A flying governor reduces the background noise produced by the movement.

The pusher for the chronograph function with the flyback or instant-restart function (historically used by pilots) is located at 4 o’clock and enables the wearer to restart a time measurement while a first measurement is in progress.

The watch comes in a red gold 45 mm case with a chapter ring, a 30-minute and hour-markers in grand feu enamel. The open dial and sapphire crystal case-back provides in-depth views of this complex device.


Breguet Classique Chronométrie 7727
Available in rose or white gold, the watch is fitted with the new in-house caliber 574DR, which has a balance frequency of 10Hz.thus, improving the time-keeping performance of the balance and spring. It is fitted with a double balance-spring, pallet lever and escape wheel, all in specially prepared silicon. The result is a regulating power equivalent to around 830 microwatts. Despite its high frequency, it has a power reserve of 60 hours.

However, Breguet says the major innovation of this model is the use of magnetic pivots, which not only controls the negative effects of magnetism in a watch, but also uses the magnetic force to improve the pivoting, rotation and stability of the balance staff.

The dial shows an off-center chapter of hours and minutes, small seconds at 12 o'clock, a power-reserve indicator at 5 o'clock and a tenth-of-a-second indicator at 1 o'clock having a patented lightweight silicon hand with low inertia that doesn’t affect the balance. The pare-chute is visible at 2 o'clock, both as a reminder of A-L Breguet’s 1790 invention and to make the timepiece slimmer.

The dial is engine-turned in six patterns: “Geneva waves” in the center, a hobnail pattern for the small seconds, sunrays on the tenth-of-a-second dial and chevrons for the power-reserve indicator. The hours chapter is cross-hatched while a barleycorn pattern decorates the outer edge. The hands are in polished steel with the Breguet open tip, while the case displays delicate fluting.


Glashütte Original Senator Chronometer Regulator
This new timepiece unites the classic regulator display with an officially certified manual winding chronometer movement.

The dominant central position on the lacquered silver-grainé dial is the blue minute hand with its polished eye. On the central axis above and below the minute indicator are smaller hour and seconds displays.

The Glashütte Original panorama date display is placed at 3 o’clock. The date change takes place at midnight. From 6 in the morning until 6 in the evening, the small circle in the region of the hour display is white; from 6 pm until 6 am it is black. This timepiece is framed by a 42 mm polished case in red gold or a white gold version.

The watch is driven by the caliber 58-04, which permits the precise coordination of minute and seconds hands. A second-zero-stop-mechanism makes it is easy for the wearer to set the exact time. When winding the crown, the time display is stopped, the second hand jumps to zero and remains there. At the same time, the minute hand is also moved to the next full minute index. When one winds the crown to set the time, the minute hand always rests only on the full minute indices. This provides the correct relationship of the displayed seconds and minutes. A power reserve display at 9 o’clock indicates the energy remaining in the manual winding movement.

The watch is officially certified and bears a certificate from the German Calibration Service after a 15-day testing period.


Hamilton Jazzmaster Regulator
The H-12 movement in this watch allows the separation of the minute and hour hands on  different axials and sub-dials. The idea is to make the watch more accurate and provide an easier way for the person who owns the timepiece to read the time. However, I think most people wear such a watch is because of the appearance. Add to this the blue or silver dial and you have watch that can be worn for casual or formal occasions. There are three 42mm timepieces in the collection. In addition to the dial choice straps come in either leather or stainless steel.


Harry Winston Opus XIII (top photo)
It was difficult to determine which of the many technically advanced and aesthetically pleasing timepieces from this luxury brand to show. In the end I chose the newest addition to its iconic Opus collection. Opus is the watch that introduced Harry Winston to the world as more than just luxury jeweler. Each year the brand works with gifted independent watchmakers to build a timepiece with the goal of defying the conventional rules of watchmaking.

This year the newest member of the Swatch Group created a watch where the minutes accumulate around a track. Eleven rotating silver triangles spring from a faceted dome to show the hours. Every 12 hours, Harry Winston’s logo is appears on the dial and vanishes after sixty minutes. The 59 minute hands pivot on a ring of steel shafts that are held in place by 242 ruby bearings.

The mechanical watch is powered by the in-house HW4101 movement, which has 364 components. The case is made of 18k white gold.


Jaquet Droz Perpetual Calendar Eclipse
This newest version of the Eclispe line presents a new moon phase complication, which displays the cycles of the night of the sky on the dial, with the perpetual calendar complication. On the black or ivory-colored Grand Feu enamel dial, two straight hands contrast with the curves of two wavy hands, tipped with a crescent moon. The calendar information is easily read on several places on the dial: on the right is the date, on the left is the day of the week. At 12 o’clock, a single-hand counter indicates the month with the leap year appearing in a small window. At 6 o’clock, a black or ivory-colored onyx index moves across the face of a golden moon, revealing, and then concealing it until its total eclipse, unfolding on a night sky of eight golden stars, the watchmaker’s favorite number. The timepiece is powered by a Jaquet Droz 5853LR.4 self-winding mechanical movement, double barrel, perpetual calendar, retrograding moon phase, 22-carat white gold oscillating weight.


Longines Heritage Military 1938
Following Orb’s victory in the Kentucky Derby, Longines, the Official Watch and Timekeeper for the celebrated race, awarded the horse’s owner, trainer and jockey with watches from the brand’s Saint-Imier collection at the event’s Winners’ Circle Party. The Swiss watchmaking brand was the Official Watch and Timekeeper of Kentucky Derby 139 and Entitlement Partner of Longines Kentucky Oaks 139. Now the luxury watch brand is Paris where it is the Official Timekeep of Roland-Garros, home of the French Open.

Prior to both events, the brand was in Baselworld showing off its new watch collections. Among them was the Longines Heritage Military 1938, which uses the same aesthetics based on the design of a military watch produced by Longines in the 1930s. With a diameter of 42 mm and fitted with the automatic calibre L705, this timepiece displays the hours and minutes, a 30-minute counter at 3 o’clock, the date at 6 o’clock and the small second at 9 o’clock. Large white Arabic numerals, coated with Super-LumiNova and a minute circle white as well contrasts with the deep matt black of the dial.

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Large Independent Watch Brands at Baselworld 2013

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Patek Philippe Ref. 5200 Gondolo 8 Days, Day & Date Indication

The sharks are circling this next group of watch brands that I saw at Baselworld 2013. By sharks I mean Swatch Group, LVMH, PPR/Kering and others like them who gobble up independent watch companies like Yellowfins with a never ending appetite. These companies (and a few others) are for the most part large and successful and have managed to keep their independence.

This independence is something they wear proudly and even use for their marketing. They all claim that they will remain free of the luxury conglomerates but others who have made the same vow have fallen to the seduction of these companies and their deep pockets as well as the new realities of a global watch business.

So here’s a chance to view the labor of independent companies before the sharks take another other bite out of these remaining few.

Patek Philippe Ref. 5200 Gondolo 8 Days, Day & Date Indication (top photo)
Arguably the most successful Swiss watch company in history, it's difficult to imagine this company being anything but independent.

For this model, Patek developed a new mechanical caliber with Silinvar components created at the “Patek Philippe Advanced Research” think tank. The result is a form movement with a genuine 8-day power-reserve display. The watch is housed in a curved Art Deco style case.

The rectangular caliber 28-20 REC 8J PS IRM C J was developed for the Ref. 5200 Gondolo. In twin in-line barrels it stores the power needed to guarantee that it will run non-stop for 192 hours. The winding mechanism requires 134 revolutions every eight days. The day and date indicators are located on the “sunshine blue” dial at 6 o’clock and the power reserve function is at 12 o’clock.

Patek says the movement’s eight-day staying power with the day and date apertures is due to the patented oscillator with a Spiromax balance spring and a Pulsomax escapement. It is the manufacture’s first 4-hertz movement with these patented elements. The watch is also available with a white dial.


Oris ProDiver Pointer Moon
Oris says this professional diver’s watch is the world's first mechanical timepiece to indicate both the lunar cycle and the tidal range.

The watch was inspired by its brand ambassador, commercial diver Roman Frischknecht. The dial design indicates the tidal range and lunar cycle at a glance, removing the need for divers to consult manuals. It incorporates Oris's patented Rotation Safety System, which allows the wearer to keep track of a certain time period using a rotating bezel that can be locked to prevent accidental adjustment, and an automatic helium escape valve.

The automatic movement, Oris Cal. 761, is based on a Sellita SW220 with pointer moon function and a date display at 5 o’clock. Its titanium case is water resistant to 1,000m. For ease of readability for divers, the sapphire crystal is domed on both sides and has an inner anti-reflective coating. It is available in northern and southern hemisphere tide range indication.


Corum Ti-Bridge Automatic Dual Winder
Corum’s latest addition to the Bridges collection has a “Dual Winder” system powered by the automatic CO 207 caliber. This movement derives its energy from two interconnected inline oscillating weights. The watch also boasts a patented winding system and a new titanium case.

The patented Corum Dual Winder system features two inline-mounted circular oscillating weights, interconnected by a transmission arbor that makes them move in parallel. The winding is efficient in both directions. A single barrel placed at 3 o’clock stores up the CO 207 caliber’s 72-hour power reserve. The CO 207 movement is held in the center of the case by four titanium cross-bars. The impression of a suspended mechanism is further accentuated by its transparency, framed by an anthracite grey dial. It is available in grade 5 titanium and in 5N 18k red gold.


Carl F. Bucherer Manero MoonPhase Limited Edition
This watch marks the 125-year anniversary when Carl Friedrich Bucherer founded the company. It provides the date, day of the week and the month with a moonphase.

The date is shown by a hand around the center of the dial. The day of the week indicator is positioned at 10 o’clock, and the month can be seen at 2 o’clock. The moonphase indication is positioned at 6 o’clock. The watch is powered by the automatic CFB 1966 caliber.

With a diameter of 38 mm, the bicolored case is made of 18k rose gold and stainless steel. In spite of the many indications, optimum legibility is enhanced by the wedge-shaped index marks and the tapering Super-Luminova-coated hours and minutes hands. The moonphase indication has a gold-colored moon shining out against a blue background. It is limited to 125 pieces.


Nomos Glashütte Orion 38 Gray
This latest version of the Orion at 38mm is a bit wider than the usual Orion and has a touch of gray. the standard Nomos caliber (with the hand-wound Alpha movement ) is visible through the sapphire crystal back. The face is galvanized and rhodium-plated in silver-gray, which gives it a glazed appearance. The watch’s indices are embossed and diamond-coated. It is one of a series of four Orion 38 watches that were introduced at Baselworld. The company hails from Glashütte, the watchmaking capital of Germany.


Frédérique Constant Slimline Moonphase Manufacture
Five new models of the Slimline Moonphase Collection were introduced at Baselworld and all are driven by the FC-705 Manufacture caliber.

Each complication in the watch is accessed through a three-position single crown. “Position 0” is for winding the watch. At “Position 1,” the date can be adjusted by turning the crown clockwise. Turning the crown counter clockwise adjusts the moonphase. “Position 2” is used to adjust the hour and minute hands.

Other features include the slimline design and a case diameter of 42 mm. Each dial presents the date display and moonphase at the 6 o’clock position. A new technology known as “laser ablation” was used to create a detailed and precise image of the moon. Finally, each model comes with a 26-jewel movement, a 42-hour power reserve and a Circular Côtes de Genève decoration on the movement.


Alpina 130 Heritage Pilot Automatic Chronograph
This watch celebrates Alpina’s 130th anniversary. The “Bi-compax" chronograph was inspired by an Alpina pilot chronograph from the beginning of the 20th Century.

The Alpina 130 features a sapphire crystal with anti-reflective coating that guarantees perfect contrast between all elements of the dial, regardless of the angle of the light shining on the watch. The classic dial design, with telemeter and tachymeter scales provides a balance between technicality, elegance and readability. The transparent case back allows a view of the AL-860 automatic chronograph caliber with its fine fish scales decoration and blue screws.

The tachymeter scale gives the means to measure average speed of movement, while the telemeter scale provides the distance between the source of a specific sound effect and the position of the listener. These functions are important for pilots and drivers who rely on time, speed and distance variables.


Raymond Weil Freelancer 7730
The new additions to the watch brand’s Freelancer chronograph collection include a 42mm steel case watch with black galvanic dial punctuated with red colored notes. The steel-colored minute and hour hands are coated in a luminescent material providing night-time visibility. It has a seconds subdial at 9 o’clock and a three-day date and day window at 3 o’clock, adjusted by a push pin also at 3 o’clock. The chronograph start, stop and restart push-button is at 2 o’clock and a reset button at 4 o’clock. In addition, there’s a 30-minute counter at 12 o’clock and a 12-hour counter at 6 o’clock.


Jacob & Co. Quenttin Tourbillion Baguette
The company known for its over-the-top flare and dramatic reinterpretations of timepieces released its latest version of the Quenttin Tourbillion, which in this case is covered in baguette-shaped diamonds. The curved case measures 56 x 47 x 21.55mm and is topped with 26.01 carats of diamonds. The satin-finished titanium and 18k rhodium-plated, polished white gold is set with 453 diamonds (23.81 carats). The tourbillon is visible through a side window.

The dial indicators are on revolving cylindrical drums with Super-luminova Arabic numerals, with the central hours cylinder and minutes cylinder to the right; and power reserve indication on the left cylinder. The movement is a manual-winding Jacob & Co. MHC-manufactured caliber 9031 with one-minute vertical tourbillon; frequency 21’600 vph, seven spring barrels and 31-day power reserve.

Black vulcanized rubber strap with 18k white gold deployment buckle is set with 40 baguette diamonds (2.20 carats). It is limited to six pieces.


Perrelet Turbine Chrono
The watch brand created a timepiece collection incorporating a chronograph into a Turbine powered by an in-house P-361 automatic movement. The chronograph measurements are provided by a central seconds chronograph hand and a 60-minute counter. The former runs over a large inner bezel surrounding the dial, while the latter is composed of two juxtaposed sapphire crystal elements. A graduated mobile disk turns in the center of a fixed ring marked with a red arrow bearing the inscription “min” and pointing to the recorded times. The transparency of the chronograph counter allows the signature rotor of the Turbine watch to remain visible.

Five chronographs make up the collection in 47 mm-diameter cases with tachometric bezels and applied rings. There are three variations in graded shades of black and white, one enhanced with 4N pink gold, and an All-Black model.

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Pandora Jewelry Returns to Strong Profit And Growth

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Pandora—whose short history as a publicly traded company was marked by spectacular growth followed by an even more spectacular fall—is back on track dramatically increasing its sales and profit for the first quarter of 2013.

The Danish company, known for its popular charm bracelets, said Tuesday that group revenue for the period increased 40 percent year-over-year to 2.002 billion Danish krones ($348.6 million). Profits increased 29.6 percent DKK 438 million ($76.3 million).

The international company—which manufactures, distributes, retails and markets its branded jewelry—reported extremely strong increases in all regions of the world where it operates. Its regional breakdown for the first quarter is as follows:

* Americas: Up 38 percent (38.6 percent in local currency);
* Europe: Up 50.4 percent (50.6 percent in local currency); and
* Asia Pacific: Up 26.1 percent (27.7 percent in local currency).

The company noted that as it expected, gross margin fell to 65.6 percent for the period, compared to a gross margin of 71.6 percent in the first quarter of 2012. The company did not give a reason for this expected drop. 

“Although it is still early in the year, we have had a strong start,” said Pandora CEO Bjørn Gulden, who will leave the company at the end of the month to join sports brand Puma. “Revenue and earnings increased across all regions, positively impacted by the delivery of the Valentine's Day collection in Q1 2013, instead of, as historically, in the fourth quarter. Even more importantly, our sales-out in ‘Concept’ stores (branded stores owned by the company) has also strengthened with double digit growth in our four major markets. Some of this increase is due to the fact that Easter was in Q1 this year compared to Q2 last year, but we believe most of it is due to better products, improved marketing and better execution in the stores.”

The company’s financial guidance was unchanged from the prior quarter. It expects revenue of to be above DKK 7.2 billion ($1.25 billion) and expects an EBITDA margin above 25 percent.

Other highlights of the first quarter 2013 report

* EBITDA increased by 60.3 percent to DKK 643 million ($112 million), corresponding to an EBITDA margin of 32.1 percent, compared to an EBITDA margin of 28.2 percent in the first quarter of 2012.
 

* Free cash flow was DKK 406 million ($70.6 million), compared to DKK 118 million ($20.5 million) in the first quarter of 2012.
 

* Pandora bought back 398,153 shares corresponding to DKK 61 million ($10.6 million) as part of the on-going DKK 700 million ($121.8 million) share buyback program.
 

* Pandora expects to open approximately 150 Concept stores in 2013.

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New Watch Releases from Girard-Perregaux, Hublot, Tag Heuer, Seiko at Baselworld 2013

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Girard-Perregaux Constant (Force) Escapement

These watchmakers have unveiled what they claim are new innovations in the Swiss watch industry. I can’t tell you how many times a watch brand has made a claim of creating something completely new or whether that function or design detail has any real value.

However, this elite group of brands can certainly back their claims and I believe they have succeed in doing that with products that are listed below.

Girard-Perregaux Constant (Force) Escapement (top photo)
It’s not often that one experiences a horological breakthrough but this may have been in the case at the Girard-Perregaux booth during Baselworld 2013. It is about as a complicated as a complication can be but in short the Swiss luxury watch brand has created a way to provide constant energy to the balance (regulator) wheel. The brand describes the solution to this problem as the “holy grail” of watchmaking.

What this means that there is no revving up or slowly down the rate of speed of a watch, which is typical in the operation of a mechanical watch. For example, when first winding a watch the movement sometimes works at a faster than normal rate of speed. As the watch loses power its speed diminishes until it slowly stops or is manually wound again. The solution created by Girard-Perregaux keeps the watch at constant and consistent regulated speed throughout this cycle.

This breakthrough (if indeed it is a breakthrough and time will tell) uses a 14 micron silicon buckled-blade, six times thinner than a human hair, which acts as a way to provide a repeated pulse to two escape wheels at a rate that is constant and consistent. This in turn provides the same consistent force of energy to the balance wheel. It beats at the frequency of 3 Hz or 21,600 vibrations per hour.

It is a bit more complicated than my explanation. There are detailed stories of how this process works at Hodinkee and Revolution that include Girard-Perregaux videos.

The operation of the escapement and its butterfly-shaped wing frame is clearly visible on the lower half of the dial. The hours and minutes occupy a sub-dial off-centered at 12 o’clock. This is flanked by two energy reservoirs in the shape of double barrels. The power reserve indicator is placed at 9 o’clock.


Tag Heuer Carrera MikroPendulumS
The Swiss luxury watch brand explains this as the first ever magnetic double tourbillion. Two magnetic pendulums replace hairsprings: one is for telling time and the other for timekeeping. The watch chain turns at 12Hz and its chronograph chain turns at 50Hz (60-minute power reserve). The chronograph tourbillon, the world’s fastest, says the watch brand, controls the 1/100th of a second, beats 360,000 an hour and rotates 12 times a minute.

The case is forged from a chrome and cobalt alloy used in aviation and surgery. It is biocompatible, harder than titanium, easier to shape and as luminous as white gold. The case design, with its stopwatch-like placement of the crown at 12 o’clock, is based on the 2012 Aiguille d’Or winner, the TAG Heuer Carrera Mikrogirder, and the Carrera 50 Year Anniversary Jack Heuer edition. The two tourbillon pendulums and their solid rose gold bridges (18K 5N) are visible through the fine-brushed anthracite dial. The hand applied “100” at 12 o’clock is in solid rose gold. The chronograph minutes counter is at 12 o’clock, chronograph seconds at 3, and the chronograph power reserve at 9. The 1/100th of a second scale appears on the silver flange.


Hublot Big Bang Unico Chrono
This is the first in a new line of products designed to house all future incarnations of the Unico movement. The iconic design of the Big Bang has evolved to contain the Unico, an in-house made column wheel chronograph movement with a dual horizontal coupling visible on the dial side. This marks the start of a new line of Hublot products designed to complete the Big Bang, Classic Fusion, King Power and Masterpieces ranges, the company said.

For the very first time since the creation of the Big Bang in 2005, the push-buttons are round. Each one is protected by a push-button guard integrated in the middle and finished like an engine piston. A skeleton dial reveals the movement. A minute counter is positioned at 3 o'clock and a small seconds counter at 9 o'clock. The date view is at 3 o'clock.

The HUB 1242 Unico manufacture movement is a flyback chronograph that can be reset at any time with two push-buttons. The hour counter is driven directly by the barrel, and there is no jumper in the chronograph mechanism. This simplification boosts reliability and robustness. Its silicon pallet fork and escapement wheel are fixed to a removable platform and are made from silicon. The movement has been trimmed to 330 components. It has a frequency of 4hz/28,800 vibrations per hour with a power reserve of about 72 hours.


Seiko Kinetic Direct Drive
Seiko made the world’s first kinetic watch 25 years ago that used the motion of the wearer to create the electrical energy to power a quartz movement. Using the mechanical energy of a traditional oscillating weight, the Kinetic rotor spins at up to 100,000 rpm, creating the electrical energy that drives the quartz movement without having to change the battery.

For the Kinetic Direct Drive caliber, not only does the rotor power the watch as one moves, but the wearer can also power it by turning the crown, just like a mechanical watch. In addition, when winding the crown, the power reserve changes function to become a real-time indicator of the energy that is imparted to the watch through the winding. 

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Gina Lollobrigida’s Natural Pearl Ear Pendants Breaks Elizabeth Taylor’s Auction Record, Sells for $2.4 Million

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Gina Lollobrigida wearing the diamond necklace/bracelet combination, Bulgari, 1954, as a tiara and the record-breaking natural pearl and diamond pendant earrings.

Jewels belonging to movie legend Gina Lollobrigida sold at Sotheby’s Geneva Tuesday for more than $4.9 million (including buyers’ premium), smashing the high estimate of $3.2 million.

The star of evening was a pair of natural pearl and diamond pendant earrings, believed to have been owned by the House of Habsburg, which sold for nearly $2.4 million—an an auction record for a pair of natural pearl ear pendants, beating the figure set by Elizabeth Taylor’s pearl earrings in 2011. Lollobrigida wore those earrings on numerous landmark occasions in her career.

Buyers from around the world also clamored for seminal pieces from the 1950s and 1960s by Bulgari, the auction house said. Lollobrigida is donating her proceeds from the sale to benefit stem cell research. Among the highlights:

* A diamond necklace/bracelet combination, Bulgari, 1954, which realized $783,851, well above the $500,000 high estimate. The necklace was identified by Daniela Mascetti as one of Bulgari’s most important creations in her book Bulgari. Lollobrigida was seen wearing this jewel on key moments in her professional and personal life, including when she received her 1961 Golden Globe for World Film Favorite – Female.

* A diamond ring set with a cushion-shaped diamond weighing 19.03 carats, Bulgari, 1962, which brought $783,851.

* A pair of emerald and diamond earclips, Bulgari, 1964, which sold for $306,633.

* An emerald and diamond ring, Bulgari, 1964, set with a step-cut emerald weighing 16.62 carats which fetched $181,050.

View Gina Lollobrigida’s jewels in the Sotheby’s Geneva auction.

Speaking after the sale, Lollobrigida said: “Jewels are meant to give pleasure and for many years I had enormous pleasure wearing mine. Many people tried to persuade me to sell them, but for a very long time I was unwilling. What changed was seeing a little girl called Sofia suffering from a disorder, which could only be helped by stem cell treatment—treatment which she is unable to receive in Italy. Selling my jewels to help raise awareness of stem cell therapy, which can cure so many illnesses, seems to me a wonderful use to which to put them. It is my hope that the Italian parliament will approve this ground-breaking treatment, so that children and adults in Italy should have free access to it without having to travel abroad at great expense. It now gives me great pleasure to see that these jewels will create a legacy which will live on after me and continue to do good.”

Lollobrigida’s collection was the centerpiece of Sotheby’s Magnificent and Noble Jewels sale Tuesday, which saw nearly 650 lots selling for a combined total of $78.2 million. 

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