Heera Zhaveraat | March 2018 by heerazhaveraat

K ARLIE KLOSS

Brilliant Precision

BORN FROM A TRADITION OF

MASTER CRAFTSMANSHIP

VISIT SWAROVSKI-GEMSTONES.COM

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S I G N I T Y I N D I A P V T. LT D. SWAROVSKI GEMSTONES BUSINESS S I G N I T Y I N D I A .O FFI C E@SWA ROVS K I .COM T + 91 22 2851 6876 SWA ROVS K I - G EMSTO N ES .COM

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EDITOR-IN-CHIEF'S DESK

B A S E L W O R L D Oozes out a Luxury!

ast year I witnessed 2017 the year of centenary of the show that oozes out a luxury! Now it's an open secret that all these were began with just 29 players of jewellery-n-watches in 1917 at the first Swiss Sample Fair or Muba.

And as of today Baselworld says about their Quality & Diversity with with luxurious attitude that, “Baselworld remains faithful to its strategy of quality and diversity. However, the watch and jewellery market is undergoing a period of profound change, first and foremost through the increasing consolidation of the market in terms of production and marketing, but also through the challenges and opportunities of digital technology.” Right at the show 2018 the Baselworld dome would accommodate about 600 & up to 700 exhibiting companies! Though the is being shortened by two days, they says: “Baselworld has decided to maintain its outstanding quality for the next edition. The show does not rely on quantity, but will remain the leading event for premier global brands. And this in all segments.” And here begins quality & luxury! Last year numbers of watches announced their new launches, debut of their new collection, showcased their watch model with upgradation in an impressive manner! If I cite Genna Meredith inks in, 3 Ways luxury brands brought their values to life at Baselworld. This year in the 2018 there are three ways from where luxury watch brands would bring their products.

Right at the show 2018 the Baselworld dome would accommodate about 600 & up to 700 exhibiting companies! Though the is being shortened by two days, they says: “Baselworld has decided to maintain its outstanding quality for the next edition. The show does not rely on quantity, but will remain the leading event for premier global brands. And this in all segments.”

This year watch brands would show their deliberate presence! Brand players have decided to their way in common to showcase their appearance at the Baselworld! Especially, TAG Heuer, Maurice Lacroix and Caran d'Ache & Jaquet Droz have in common strategy in their appearance in 2018! I have learned that their communication would speak Art! Suppose to see a various forms of an Art at Baselworld 2018! In the row of expressing & communicating with Art one may see Parmigiani, Audemars Piguet, Hublot, Rolex and Vacheron Constantin too! Luxury watch player Corum is likely to launch its' Bubble Collection. They are wishing to pull a massive traffic! According to the house of luxury at Baselworld, feature includes exclusive interviews with Founders and Designers from the jewellery and watch industry. Picchiotti Family Tree would be introduced! The Picchiotti Family Tree is of a rare and precious oval Vivid Green Zambia emerald set into a Bombé Ring, designed as a complex arrangement of pear-shape diamonds. Along with another spark would be of 'Awash in vibrant, top quality gemstones, the new Essentially Color Collection introduces an array of distinctive designs for the seasoned jewelry connoisseur.' In the row of jewellery, Kimberlite Diamond Collection is likely to showcase an array of fine jewels, with outstanding design and premium quality that just oozes luxury. The peak of luxury in international gemstone halls, defining the world of jewel collections. According to the Swiss watchmaking association, there are about 10 top markets for luxury watches & that includes, 1: Hong Kong, 2: USA, 3; China, 4: Japan, 5: Italy, 6: Germany, 7: Singapore, 8: France, 9: UAE & 10: United Kingdom. In the year 2017 Swiss Watch Exports worth of CHF 19,923.8 Millions to the markets! And all those market players & watch manufacturers of Swiss would bring their luxury at the Baselworld 2018! Numbers of events & that includes new launches, press meet, new collection's announcements is being scheduled! Above & all Shanghai Kimberlite Diamond Group Co Ltd also would release their Sino-Song, HighEnd Jewelry Collection. De facto they are practicing since 2015 & this would be seen in the year 2018! Whole of their conference would include jewelry show, VIP guests deliver speeches and performance. Overall this year, the Baselworld would be rather vibrant, sparkling & full of luxurious products at showcases & at the dais of new launches during this March 22 & up to 27!

TRADE NEWS

Helzberg Diamonds Gets New Marketing Head

elzberg Diamonds has appointed Ellen Junger as chief marketing officer, and named Carmichael Lynch as its new ad agency of record. Junger was previously chief customer and marketing officer for Payless ShoeSource. She has also worked for Hallmark Cards, including as chief marketing officer of Hallmark Canada, according to a statement on Carmichael’s website. “Ellen brings a wealth of experience in retail, and will help lead Helzberg Diamonds into the next generation of innovation for the brand,” said Helzberg Diamonds CEO Beryl Raff. Bringing aboard Junger and Carmichael Lynch is part of Helzberg’s new marketing strategy, which includes developing its customer messaging and communication methods. “As we evolve the Helzberg Diamonds brand, we’re looking to disrupt the sea of sameness in the jewelry industry, while sharing our ‘I Am Loved’ narrative in new ways,” Raff continued. Carmichael Lynch will attend to the creative, social, design, influencer and analytics aspects of the jeweler’s business. n

DMCC to Hold Seventh Annual Dubai Precious Metals Conference

he evolution and impact of taxation on gold will be the first topic discussed at the 7th edition of the Dubai Precious Metals Conference (DPMC) on April 9. The annual conference, organised by the Dubai Multi Commodities Centre (DMCC), looks at topics of interest to the whole value chain — from mines to jewellers and everything in between — bringing insights and added value, as well as a valuable opportunity to network and develop ideas for services. Other panel themes include Responsible Sourcing — Expectations and Reality; Bullion Banking: The Road Ahead, The Role & Future of Global Exchanges, and Challenges in the Jewellery Sector.

Ahmed Bin Sulayem DMCC

DMCC Executive Chairman Ahmed Bin Sulayem said, "DMCC is dedicated to enhancing Dubai’s marketplace for the precious metals trade by connecting producing countries, major manufacturing hubs and growing global consumer markets.” n

Lucapa Diamond Company Raises $1.7M From Second Sale of 2018

ucapa Diamond Company Limited and its partners have completed the second sale for 2018 of diamonds from the Lulo diamond project in Angola.

The sale of 2,072 carats of Lulo diamonds achieved gross proceeds of $1.7 million, with an average price per carat of $804. The largest diamond weighed 44 carats, which also included a vivid pink of 1.9 carats. The latest sale brought gross proceeds from Lulo diamonds sales to date in 2018 to $10.8 million, at an average price per carat of $1,731. Meanwhile, the regular production of large Specials (+10.8 carat diamonds) has continued at Lulo, with the latest (post-sale) recoveries including Specials weighing 85 carats (pictured above) and 52 carats. n Heera Zhaveraat | March - 2018 | 18

TRADE NEWS

Fugitive Economic Offenders Bill approved!

he Union Cabinet chaired by Prime Minister Shri Narendra Modi, has approved the proposal of the Ministry of Finance to introduce the Fugitive Economic Offenders Bill, 2018 in Parliament. The Bill would help in laying down measures to deter economic offenders from evading the process of Indian law by remaining outside the jurisdiction of Indian courts. The cases where the total value involved in such offences is Rs.100 crore or more, will come under the purview of this Bill. The Bill is expected to re-establish the rule of law with respect to the fugitive economic offenders as they would be forced to return to India to face trial for scheduled offences. This would also help the banks and other financial institutions to achieve higher recovery from financial defaults committed by such fugitive economic offenders, improving the financial health of such institutions. It is expected that the special forum to be created for expeditious confiscation of the proceeds of crime, in India or abroad, would coerce the fugitive to return to India to submit to the jurisdiction of Courts in India to face the law in respect of scheduled offences.

Salient features of the Bill: i.

Application before the Special Court for a declaration that an individual is a fugitive economic offender;

ii.

Attachment of the property of a fugitive economic offender;

iii.

Issue of a notice by the Special Court to the individual alleged to be a fugitive economic offender;

iv.

Confiscation of the property of an individual declared as a fugitive economic offender resulting from the proceeds of crime;

Confiscation of other property belonging to such offender in India and abroad, including benami property;

vi.

Disentitlement of the fugitive economic offender from defending any civil claim; and

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vii. An Administrator will be appointed to manage and dispose of the confiscated property under the Act.

A New field to produce Gold and Diamonds

razil Minerals, announced that a new field in one of its properties in the Jequitinhonha River valley in Brazil is beginning to produce gold and diamonds. The Company is actively removing alluvium-type mineralized material found after excavating 60 feet deep in a dry area. Every truckload of material processed in the modular recovery unit operated by the Company has yielded fine gold. The concentration of gold obtained from each production run has varied, which is expected from an alluvium-type deposit, and ranged from economically feasible to highly attractive.

Every truckload of material processed in the modular recovery unit operated by the Company has yielded fine gold. The concentration of gold obtained from each production run has varied, which is expected from an alluvium-type deposit, and ranged from economically feasible to highly attractive.

Heera Zhaveraat | March - 2018 | 20

Additional production data will allow the calculation of a gold concentration average for the deposit. Gem-quality diamonds have also been recovered from sectors of this deposit. A photograph of the mining area follows. As the dry season begins next month, the Company also plans to execute drilling campaigns on several targets. Some of the drilling will be near the current gold and diamond mining area, looking for additional deposits. Other high potential targets to be evaluated will come from claims owned by the Company and ranked from within the BMIX Mineral Bank, its repository of properties. Brazil Minerals intends to prioritize evaluation of its new lithium claim. Additionally, the Company is actively analyzing other high-quality claims in various minerals to add to the BMIX Mineral Bank.

TRADENEWS

Indian economy up by 12% in Q3 2017-18

he Ministry of Finance states that the Second Advanced Estimates released by the Central Stastical Organisation (CSO) indicate a broad-based and significant acceleration of real economic activity as projected in the Economic Survey. Estimates for real GDP growth for 2017-18 have been revised upwards to 6.6 percent, compared with 6.5 percent in the First Advance Estimates. Similarly, real GVA growth for 2017-18 has been revised upwards from 6.1 percent to 6.4 percent. Real GDP growth for the third quarter is estimated at 7.2 percent, up from 6.5 percent in the second quarter; real GVA growth has accelerated from 6.2 percent in Q2 2017-18 to 6.7 percent in Q3 2017-18.

Estimates for real GDP growth for 2017-18 have been revised upwards to 6.6 percent, compared with 6.5 percent in the First Advance Estimates. Similarly, real GVA growth for 2017-18 has been revised upwards from 6.1 percent to 6.4 percent. Real GDP growth for the third quarter is estimated at 7.2 percent, up from 6.5 percent in the second quarter; real GVA growth has accelerated from 6.2 percent in Q2 2017-18 to 6.7 percent in Q3 2017-18.

MJSA Expo Scheduled

In a statement, the Ministry of Finance states that the growth acceleration has been sectorally broad-based with manufacturing growth estimated at 8.1 percent for Q3 201718, up from 6.9 percent in Q2 2017-18; construction growth at 6.8 percent in Q3 2017-18, up from 2.8 percent in Q2 2017-18; and services growth projected to accelerate to 7.7 percent in Q3 2017-18 from 7.1 percent in Q2 2017-18. The Ministry states that the such robust growth in manufacturing and significant acceleration in construction mark a turnaround in the country's economic growth momentum. Significantly, heralding an improvement in the investment climate, real gross fixed capital formation is estimated to grow at a robust 7.6 percent for 2017-18, accelerating from 6.9 percent in Q2 2017-18 to 12 percent in Q3 2017-18, it concluded.. n

JSA Expo is the the Show for Professional Jewelry Makers is to be held during March 11-13, 2018 at Jacob K. Javits Center, New York City. From its start in 1968 in New York City’s old Americana Hotel (now the Sheraton in Times Square), MJSA Expo has evolved to become the trade show dedicated to the best in jewelry-related tools, equipment, supplies and services-and its still showing the path forward. When buying jewelry-making tools, supplies, and services, seeing is not believing; touching is. MJSA Expo exhibitors include the leading names among industry trade suppliers and contractors, all of whom will gladly offer a demo or two and allow you to "play." It’s full of the latest bench tools, laser welders, casting machines, alloys, CAD/CAM systems, gemstones and beads, component parts, stamping equipment. It also features premier subcontractors and business services, to help you take your ideas from concept to completion, and ensure your business remains profitable—whatever you need to make and sell exceptional jewelry. In addition, Expo provides the education that helps you to hone your skills and put all those tools, supplies, and services to even more imaginative uses. Maybe that’s why thousands of qualified buyers walk the aisles each year to ensure they stay on top of the latest innovations and maintain their competitive edge. See why one attendee said, "Expo creates a great community atmosphere for people who do what I like to do, make jewelry!” If you make jewelry, Expo is the place for you—hands down. MJSA Expo is the show dedicated to professional jewelry making and design. We will once again be co-locating with the JA New York show, east coast’s premier fine jewelry trade show—one badge gives you access to both shows! n Heera Zhaveraat | March - 2018 | 22

TRADE NEWS

he IEG Group will present 55 Italian and international exhibitors at its T. G o l d I n t e r n a t i o n a l + M e t s technology and machinery exposition, and look to the future through the Trendvision Jewellery + Forecasting trends observatory. The Italian Exhibition Group (IEG) returns to Asia, where it will highlight state of the art technology and innovation in the jewellery and watch industries at this year's 35th edition of the Hong Kong International Jewellery Show, March 1-5, 2018. Europe's leading jewellery trade show organiser will make it presence felt at the critically important Asian fair through two platforms - T.Gold International + Mets, an international exposition of machinery and technology for the gold jewellery, gem-set j e we l l e r y a n d wa t c h s e c t o r s , a n d Trendvision Jewellery + Forecasting, the world's preeminent global jewellery, gemstone and watch trend observatory. Both are indelibly stamped with signature of VicenzaOro, the Jewellery Boutique Show, which in recent years has developed into the most important showcase for both Italian and international jewellery. The T-Gold International + Mets exhibition once again unites T.Gold International, IEG's global brand for promoting new technology and manufacturing systems for the jewellery industry, together with Mets, the first professional show in Asia dedicated to innovation in technology and machinery for jewellery and watch-making, which is organized by HKJJA Exhibition Services Ltd. This year's T-Gold International + Mets event will feature 55 international and

Italian to spotlight excellence at HK show Trendvision Jewellery + Forecasting Seminar today! Italian exhibitors in Hall 5b of the Hong Kong Convention & Exhibition Centre in Wanchai. Partnering the exhibition is A.F.E.M.O., the Italian Association of Jewellery Machinery Manufacturers and Exporters, whose members keep Italy at the vanguard of technological innovation in the jewellery manufacturing sector. T.Gold International + Mets' return to Hong Kong comes on the heels of a most successful edition of the T.Gold Show for gold and jewellery processing technologies, which is organized each year by IEG during the VicenzaOro January fair in Vicenza, Italy. This year's event saw a more than 16% increase in the number of professional visitors attending, when compared to 2017, and a 20% rise in the number of exhibitors. Trendvision Jewellery + Forecasting will be located in the Trend Area of the Hong Kong show, in Hall 3, Booth 3-CON-175 of the Hong Kong Convention & Exhibition Centre. Its stand will feature the TrendBook 2019+, which is the industry's most authoritative guide to trends and

Cento diamond

related consumer behaviour in the jewellery and luxury sectors. The book interprets characterizing phenomena of the first 20 years of the new Millennium, and in particular the birth and development of a new "Digital Culture," its rapid spread across contemporary social networks, and the integration of the socalled "Parallel Reality," which involves a dialogue between online and offline cultures. A n o t - t o - b e - m i s s e d e ve n t w i l l b e Trendvision's "What's Hot in Jewellery" seminar, presented by Paola De Luca, Trendvision Jewellery + Forecasting's Creative Director, which is scheduled on March 3, 2018. She will present new jewellery trends for 2018-2019, and will also discuss the influence of the latest technologies on jewellery production. Following Hong Kong, the next appointment on IEG's jewellery agenda will be Oroarezzo, which will take place May 5-8, 2018 , in Arezzo, Italy. n

The only 100-facet diamond

he revolutionary cut of the Cento diamond is an exclusive patent. With 100 facets, almost the double of a standard cut, it captures and reflects the light through a process which is much longer and more complicated than that used with other diamonds. The result is a veritable kaleidoscope of lights in a floral pattern defined by the shape of the 100 facets. Roberto Coin is a name that implies moments of joy and excitement, a name that means stylistic originality and design in any language, there for you to discover in all of its many expressions. 100 is the number that symbolizes perfection and completion; the virtues that Roberto Coin payed homage to with the diamond he launched in 2003 after years of research and experimentation with the best experts and craftsmen in the field. The name of the diamond is Cento which in Italian means 100. For the first time in history, a diamond was cut with 100 facets instead of the typical 57. The light it radiated from within was like none that had ever been seen before. Only the diamonds whose color and purity make them the most precious and rare are chosen to become Cento diamonds. Their infinite brilliance must show the world all of the magic and perfection of nature. n Heera Zhaveraat | March - 2018 | 24

TRADE NEWS

5th Global Commodity Outlook Conference Industry Experts to Discuss Trends on February 11

MCC, the world’s leading Free Zone for commodities trade and enterprise in Dubai, and Richcomm Global Services, the Dubai-based international commodity services company, in collaboration with DGCX, the region’s largest and most diversified derivatives bourse, will be hosting the ‘Global Commodity Outlook Conference’ in Dubai for the fifth consecutive year on 11 February 2018. Government officials, investors, industry specialists and commodity traders will unite under one roof at the Almas Conference Centre in Dubai’s DMCC Free Zone to discuss the latest trends and opportunities in the global commodities market, with an emphasis on 2018 market and price outlook for commodities. World experts in agriculture, energy, base metals, and precious metals will address the impact of higher interest rates on traders, the new demands from ethical investors, as well as the breakthrough innovations in trade finance. This year, the conference will also include a special presentation on the rise of cryptocurrencies and fintech, and their impact on regulated exchanges. Keynote speeches will be delivered by Hassan Al Hashemi, Vice President, Dubai Chamber of Commerce & Industry, Sanjeev Dutta, Executive Director-Commodities, DMCC, Paresh Kotecha, Managing Director, Richcomm Global Services & Prince Niyi Akenzua, Executive Director, Finance & Risk Management, Bank of Agriculture Limited. Sanjeev Dutta, Executive Director, Commodities, DMCC said, “The World Bank predicts that economic growth in emerging markets and developing economies will increase to 4.5%, as activity in commodity exporters continues to recover. It is a crucial time for industry experts to get together and discuss how we can maintain

this positive momentum. We are delighted to collaborate with Richcomm and DMCC for the fifth consecutive year and provide an all-inclusive, effective platform for discussion.” Paresh Kotecha, Chairman and Managing Director of Richcomm, added, “We look forward to welcoming our delegates this year as we prepare for the challenges in the global commodities market. Our remarkable line-up of global speakers and panelists are prepared to tackle the most difficult conversations about the industry and present credible, feasible solutions. Like every year, we aim to provide our delegates with useful information and tangible resolutions to manage risks and capture opportunities and help to elevate the industry as a whole.” n

Rise in Fine Jewelry Segment at Inhorgenta Scheduled to be held during February 16 to 19, 2018

nhorgenta Munich strengthens its profile in the “Fine Jewelry” segment. 25 new exhibitors will present finest jewelry of the highest quality in Hall B1. This is an increase of 14 percent compared to the previous year. Fine jewelry continues to be sought-after all over the world. This trend is reflected in the demand for booth spaces at Inhorgenta Munich. “We have received as many inquiries in the “Fine Jewelry” segment as hardly ever before”, reports Stefanie Mändlein, Exhibition Director of Inhorgenta Munich. “The strong demand also results from the fact that we have continuously further developed our concept in close cooperation with the exhibitors in the last few years.” All spaces in Hall B1 are occupied. A total of 25 new exhibitors have been received, including such well-known names as the Vreden-based Niessing jewelry manufactory, the Danish design company Georg Jensen and the Italian jewelry manufacturer Piero Milano. Visitors of Inhorgenta Munich may thus look forward to an increasingly diversified “Fine Jewelry” segment. Inhorgenta Munich is offering new possibilities of presentation to its exhibitors. Two years ago, for instance, the ambiance of the hall was fundamentally reshaped to measure up to the image of the brands and the high quality of the collections. In addition, manufactories are provided with new opportunities to present selected pieces of jewelry on what is referred to as “Design Isles”. Furthermore, the Jewelry Shows at which professional models present selected pieces of jewelry on the catwalk, have been a firm component of the hall for two years now. “We are pleased that the shows are being so well received by the exhibitors. They are an attraction for visitors and media representatives alike”, says Stefanie Mändlein. The face of the forthcoming third show will be Zoe Helali. The prominent model has already presented labels like Armani and Vivienne Westwood and inspired the Berlin-based designer Guido Maria Kretschmer. n Heera Zhaveraat | March - 2018 | 26

TRADE NEWS

Sergey Ivanov meets with Didier Reynders Alrosa CEO meets with Deputy Prime Minister of the Kingdom of Belgium Didier Reynders

Tango joins to explore Angola diamonds

ergey Ivanov, CEO of Alrosa, held a working meeting with Deputy Prime Minister and Minister of Foreign and European Affairs of the Kingdom of Belgium Didier Reynders and President of the Antwerp World Diamond Centre (AWDC) Stephane Fischler. The parties discussed issues related to the development of bilateral cooperation in the field of diamond trading, as well as cooperation within the framework of industry international organizations. "Belgium has been and remains the world's largest diamond trading center and the largest trading partner of Alrosa, today it accounts for about half of the company’s rough diamond sales. Belgium has any years of experience and expertise, well-developed infrastructure, favorable business conditions and measures on promotion industry development taken by the country's leaders. All of this makes Antwerp attractive not only for Alrosa, but also for many other participants in the world diamond market. We highly appreciate the existing high level of cooperation with the Belgian side and will strive for further development and strengthening of our cooperation", Sergey Ivanov said. Alrosa has a long history of fruitful cooperation with Belgium. The trade office Alrosa Belgium operates in Antwerp. Alrosa signed long-term agreements for gem-quality diamonds with 22 Belgian-based companies. More than 100 companies are allowed to purchase rough diamonds on auctions and spot sales. In 2013, Alrosa and AWDC, representing the interests of the Belgian diamond business, signed a cooperation agreement. The agreement provides promotion of the diamond trade, interaction on the Kimberley process issues, implementation of educational programmes and exchange of information. n Heera Zhaveraat | March - 2018 | 28

ango Mining announces a partnership with CC Mining (CCML) with regard to diamond projects in Angola. Tango and CCML have signed a term sheet committing up to USD $1,300,000 investment that Tango will use toward the development of its Txapemba Project, Angola, subject to certain conditions precedent. Tango has previously signed a three-year renewable Services Agreement for Mining and Marketing of Diamonds with Txapemba Canguba RL for the semiindustrial exploitation of diamonds. According to the Service Agreement, Tango is responsible for capital expenditures associated with alluvial mine design and equipment acquisition and is the sole operator. As remuneration, Tango will receive 60% of the net proceeds from the sale of produced stones, after deduction of Tango’s operational costs. Txapemba will be the first collaborative project between Tango and CCML and the Investment will include both a debt and equity contribution to a new special purpose company. The Investment is subject to a renewal of the Project and transfer of the Service Agreement to a new subsidiary of Tango and other conditions precedents. Since this time, the Project has been secured, earth moving equipment has been mobilized for the construction, upgrade and maintenance of roads and trenching has been completed in two areas to identify diamondiferous gravels. n

RBI punishes PNB PNB to meet its commitments!

here have been reports in the media that in the wake of fraud involving a sum of USD 1.77 billion that has surfaced in Punjab National Bank (PNB), the Reserve Bank of India (RBI) has directed PNB to meet its commitments under the Letter of Undertaking (LOU) to other banks. RBI denies having given any such instructions. The fraud in PNB is a case of operational risk arising on account of delinquent behaviour by one or more employees of the bank and failure of internal controls. RBI has already undertaken a supervisory assessment of control systems in PNB and will take appropriate supervisory action.

In the mean time authentic news agency inks, ‘the ED issued summons for appearance to billionaire diamond merchant Nirav Modi and his business partner Mehul Choksi in connection with its money laundering probe in the Rs 11,400 crore alleged fraud in Punjab National Bank (PNB)’, officials said. n

TRADE NEWS

A strategy of flat making charges

BZ-The Original, India's renowned and trusted jewellery retailer with a legacy of over 150 years, has always been an innovator in its policies and strategies. They have yet again introduced an innovative strategy of FLAT making charges on gold jewellery which ensures great transparency and helps the customer to know all about their purchase.

transparency and empowering our customers with knowledge and awareness of the prices. With this, we also want to make the entire process of gold jewellery buying more transparent where the customer can make a much informed decision knowing all the details of what he/ she is paying.”

TBZ-The Original is now offering flat making charges of 7% on Plain Gold jewellery, 17% on studded gold jewellery and 24% on designer gold jewellery. All these making charges are applicable everyday of the year. Ms. Raashi Zaveri, Director, Tribhovandas Bhimji Zaveri Limited, said, “We have always believed in keeping the customer at

the core of everything that we do at TBZThe Original and this strategy of keeping FLAT making charges on all our gold jewellery is another step towards more

Namdeb holdings seeks buyer

amdeb Holdings, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, announced it is to seek a buyer for its Elizabeth Bay mine to secure its long-term future. The mine was commissioned in 1991 and is located along the southwestern coast of Namibia near the town Lüderitz. It employs around 160 people and produced around 200K carats in 2017. Elizabeth Bay mine has contributed significantly over the years to the local economy of Lüderitz, particularly in providing high quality job opportunities for the local community. In 2009, following the economic downturn, the mine was put on care and maintenance. In 2011, the operation was restarted through the implementation of the Elizabeth Bay Optimisation Project which, at the time, projected a four year Life of Mine (LoM) to 2014. However, continuous innovation ensured that the mine has continued to operate well beyond this time, with a current LoM extending to 2019. Following a recent review, it was concluded that the best way to secure a longer future for the mine, beyond the projected 2019 life, was to find a more suitable lowcost operator that could allow the mine to continue to contribute to Namibia and Lüderitz through continued employment and economic activity. Riaan Burger, Chief Executive Officer, Namdeb, said: “Elizabeth Bay mine continues to play an important role in the development of Namibia’s diamond industry, so we have not taken this decision lightly. We are constantly reviewing new mining opportunities. As this mine nears the end of its current life, we are focused on finding a buyer that can sustain operations beyond 2019, protect jobs and contribute sustainably to the Namibian economy.” n

Heera Zhaveraat | March - 2018 | 30

TBZ-The Original's presence in the Indian market has been marked by a number of firsts - the first to offer buy back guarantee on gold jewellery; the first to promote the concept of light weight jewellery; and the first to offer certified solitaire diamonds. Thanks to these and many other instances of innovation and commitment to excellence, TBZ-The Original is now one of India's largest and most reputed jewellery retailers. n

2018, a crucial year for the KP!

018 will be a crucial year for the Kimberley Process, in working for tangible progress for the honest diamond trade, and meeting the call of the international community to ensure that the Kimberley process remains fit for purpose in a changing world through reform. We will launch practical work right away. In the first quarter of 2018, we will reach out to the Chairs of the Kimberley Process working bodies to develop a joint work programme, which we will share with all of you. We will take stock of our joint efforts at the Intersessional in Antwerp at 19-22 June. The Brisbane Plenary, in December 2017, has taken important decisions. The newly created Ad Hoc Committee for Review and Reform under Indian Chairmanship and with Angola as ViceChair will have an important role to play. “As Chair, we are committed to acting as an honest broker, and to working in a pragmatic and transparent way” said, Hilde Hardeman, Chair of the Kimberley Process 2018. Said at the start of the European Union's Chairmanship of the Kimberley Process, “ I am confident that we can succeed.” n

TRADE NEWS

Amendments to Bankruptcy

Amendments made to the Insolvency and Bankruptcy Board of India-Fast Track Insolvency Resolution Process for Corporate Persons, Regulations, 2017. Amendments come into force after their publication in the Gazette of India. The Amendments are: A.

The Resolution Professional shall appoint Registered Valuers to determine the fair value and the liquidation value of the Corporate Debtor. After the receipt of Resolution Plans, the Resolution Professional shall provide the fair value and the liquidation value to each member of the Committee of Creditors in electronic form, on receiving a confidentiality undertaking. The Resolution Professional and Registered Valuers shall maintain confidentiality of the fair value and the liquidation value. The Resolution Professional shall submit the information memorandum in electronic form to each member of the Committee of Creditors within two weeks of his appointment as resolution professional and to each prospective resolution applicant latest by the date of invitation of resolution plan, on receiving confidentiality undertaking. The Resolution Professional shall issue an invitation, including the evaluation matrix, to the prospective Resolution Applicants. He may modify the invitation as well as the evaluation matrix. However, the prospective resolution applicant shall get at least 15 days from the issue of invitation or modification thereof, whichever is later, to submit resolution plans. Similarly, he will get at least 8 days from the issue of evaluation matrix or modification thereof, whichever is later, to submit resolution plans. An abridged

Heera Zhaveraat | March - 2018 | 32

invitation shall be available on the web site, if any, of the corporate debtor, and on the web site, if any, designated by the IBBI for the purpose. D.

While the Resolution Applicant shall continue to specify the sources of funds that will be used to pay insolvency resolution process costs, liquidation value due to Operational Creditors and liquidation value due to dissenting financial creditors, the Committee of Creditors shall specify the amounts payable from resources under the Resolution Plan for these purposes.

A Resolution Plan shall provide for the measures, as may be necessary, for insolvency resolution of the Corporate Debtor for maximization of value of its assets. These may include reduction in the amount payable to the creditors, extension of a maturity date or a change in interest rate or other terms of a debt due from the Corporate Debtor, change in portfolio of goods or services produced or rendered by the Corporate Debtor, and change in technology used by the Corporate Debtor.

The Resolution Professional shall submit the Resolution Plan approved by the Committee of Creditors to the Adjudicating Authority, at least 15 days before the expiry of the maximum period permitted for the completion of the fast track Corporate Insolvency Resolution Process. n

TRADE NEWS

Alrosa meets the long-term clients Equal access to rough diamonds

customers. The clients also received information about scheduled trading sessions and auctions.

lrosa, the world leader in diamond mining, held an annual meeting with its long-term client. This was the first meeting of the new three-year client period, which started in January 2018. In January 2018, Alrosa signed long-term agreements with 56 Russian and foreign companies for the purchase of gem-quality diamonds, and 11 contracts for industrial diamonds.

“Long-term contracts will remain the main principle of Alrosa’s sales policy, a key to a stable development both of our business and business of our clients. I want to assure that we will strive to ensure the Company's marketing policy is as transparent as possible so that our clients have the guarantees of equal access to rough diamonds.

During the meeting, representatives of all these companies had an opportunity to discuss with Alrosa’s management their work in the new contract period, trends and challenges of the global diamond market. Management of Alrosa provided information on the Company’s 2017 results and its production and sales plans for 2018. In addition, the clients were once again informed about the principles of work in the new contract period, including the possibility of annual adjustment of the volume and range of rough diamonds they purchase. This provides greater flexibility in the work of both the Company and

Alrosa is open for cooperation and dialogue with our clients, we highly appreciate their trust and are interested in maintaining reliable and constant feedback with them", Alrosa CEO Sergey Ivanov said. During the meeting, Alrosa also showed its customers the unique colored diamonds mined by the Company last year in Yakutia, including a pink gemstone weighing 27.85 carats, a yellow one with the weight of 34.17 carats and a lilac 20.18-carat rough diamond. In the future, Alrosa plans to cut these stones by its own at the facilities of Diamonds Alrosa and sell them at the auction. n

The battle with avoidable blindness CSR: Leibish announces its collaboration with Sightsavers

orking with brilliant diamond jewelry, our eyes are open to see just how fortunate we are for our vision. Only, if your vision were stripped away, how far would you be willing to go in order to get it back? Leibish & Co is proud to announce its collaboration with Sightsavers, an organization that is committed to fighting the battle with avoidable blindness. As a company with a visual product at its core, Leibish & Co. understands the magnitude of contributing to a cause that could provide thousands of underprivileged people with the gift of sight. In addition to being a proud advocate for conflict-free diamonds, holding to the highest industry standards, Leibish & Co decided to guarantee a donation to Sightsavers with every purchase from the Leibish & Co website throughout the year. “One can only appreciate the full beauty of a diamond with the ability to actually see it. Therefore, selecting Sightsavers as our charitable cause for 2018 was an easy choice” said Leibish Polnauer, President of Leibish & Co “Each small donation goes such a long way and we are so happy to be able to be making such a difference in these people’s lives.” Every purchase on the website will automatically release a donation to the cause. It’s amazing to consider how easy it is to change the lives of so many people. 1: $1.50 donated can buy one cataract surgery lens, 2: $40 can pay for an adult’s cataract surgery, 3: $65 pays for a child’s cataract surgery 4: A mere $2.00 will pay for a pair of spectacles, Studies show that over 75% of sight loss can be cured or prevented altogether. Sightsavers not only aims to avoid blindness, but they also fight for disability rights. Leibish & Co. is stepping up to do its part in the hopes that they can help brighten the future of many others. n

Heera Zhaveraat | March - 2018 | 34

INDUSTRY INSIGHT

34.8 kilowatt solar roof at IIDGR Surat

The solar plant to generate about 56K units of electricity a year!

he International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, has installed a 34.8 kilowatt solar roof at its grading and inscription facility in Surat, India, to provide the operation with a renewable energy supply. Generating an average of 56,000 units of electricity each year, the solar plant will reduce the heat load of the building by 90 per cent and significantly decrease the electricity used for air-conditioning, delivering both environmental and financial benefits. The IIDGR Surat lab is among the first in the diamond industry to use solar power, with the panels being installed on its uniquely

curve-shaped roof. The solar plant has a 25-year lifecycle and will have paid for itself within five years as a result of the savings on electricity expenditure. Jonathan Kendall, President, IIDGR, said: “Over the past two years we've measured our carbon footprint and used this information to adapt our business practices in order to reduce our environmental impact and generate cost-savings in our energy and water consumption. “Sustainability is key for De Beers and this new solar operation is very much in line with our core beliefs. Meanwhile, the installation of the plant provides financial benefits alongside the positive environmental impact, so we hope to see a continued focus on initiatives such as this across the sector.” n

RJC webinars present SDG

ecently the RJC has announced twopart of webinar series & introducing the Sustainable Development Goals (SDGs). These 17 goals covering social, economic and environmental areas, were developed by t h e U n i t e d N a t i o n s D e ve l o p m e n t Programme (UNDP) as a universal call to

action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. How does SDG apply to me and my business, Aren’t these goals just for governments or What do these goals have to do with the jewellery industry like several question arises! Over the two-part

of webinar series would address all those questions & speakers will explain what the SDGs are and how the jewellery industry can positively contribute to them. According to the details, the First part of the webinar series would be held on March 01, 2018 & that would address, the purpose and aims of the SDGs. Part one would be addressed by Peter Wollaert, CIFAL Flanders- they provides training on UN initiatives, and Karla Basselier, Antwerp World Diamond Centre (AWDC). Both of them will present the purpose and aims of the SDGs, and the potential role of business to contribute to them. Part 2 would focus SDGs in practice on March 15. According to the RJC, “across the two-part series, you’ll learn how businesses can have a positive influence on the SDG agenda and ultimately ‘improve life, in a sustainable way, for future generations.” “There will be a plenty of opportunity to ask questions following the discussion during both webinars” RJC adds. n

Heera Zhaveraat | March - 2018 | 35

TRADE NEWS

A new Vice Chairman to GJF Anantha Padmanaban elected unanimously

he All India Gems & Jewellery Trade Federation (GJF) has unanimously elected Mr. Anantha Padmanaban as its Vice Chairman. Mr. Padmanaban is currently Zonal Chairman – South and he is the Managing Director of NAC Jewellers, Chennai. Welcoming his appointment, Mr. Nitin Khandelwal, Chairman, said “I am pleased that Mr. Anantha Padmanaban has been unanimously elected as the Vice Chairman of GJF and I'm very confident that his election would strengthen GJF activities across the gem and jewellery industry as he brings incredibly strong knowledge and experience which will be vital as we endeavour to work with the Government for the benefit of the industry. In his comments, Mr. Padmanaban said, “I am very excited to take up the respectable position as Vice Chairman of GJF, an elite and apex body of the country. I have been associated with GJF since its inception as a founder member and have been on committees that presented various concerns to the govt. GJF has firmly stood over the years for industry’s issues and challenges. As a Vice Chairman of the federation, I will ensure that we will continue to transform to make the gem and jewellery fully organized." All India Gems & Jewellery Trade Federation (GJF) is an apex and responsible body for the domestic Gems & Jewellery Industry since 2005. It represents over 4,00,000 players comprising manufacturers, wholesalers, retailers, distributors, laboratories, gemmologists, designers and allied services to the domestic Gems & Jewellery industry. The Gems & Jewellery industry is a hand crafted and labour intensive with over 1 crore strong labour force engaged in the manufacturing of jewellery industry in the domestic sector. n

Dazzle in Simplicity

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They are everything a ring is supposed to be: classic, impressive and brilliant which will match with any outfit that fulfils the need to look elegant and appealing in a crowd. Add up this delicate refined diamond ring from MK Jewels to her trinket. Price: On Request, Availability: MK Jewels, Mumbai.

Heera Zhaveraat | March - 2018 | 36

OFF THE SHELF

ilence s s k a e r b PNB

Nirav Modi gave vague offers!

TI: Scam-hit PNB said Nirav Modi, who allegedly defrauded the bank of about Rs 11,400 crore, has come up with "some vague offers" to repay the amount, even as the Enforcement Directorate continued raids at properties connected with the jeweller designer. The country's second largest PSU bank has detected a USD 1.77 billion (about Rs 11,400 crore) scam where billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking (LoU) from a branch in Mumbai to secure overseas credit from other Indian lenders. The Enforcement Directorate today conducted multiple searches in connection with a money laundering case against jewellery designer Modi and others following a complaint by Punjab National Bank. Addressing a press conference here, PNB Chairman and Managing Director Sunil Mehta also said the bank will take "full-capacity" action against the wrongdoers in the fraud case, which started in 2011. PNB has suspended 10 officers over the scam and referred the matter to the CBI for investigations. Mehta said the bank detected the fraud and has referred the matter to the law enforcement agencies. "Nirav Modi has not come out with any concrete plan to repay so far. But they're coming out with some vague offers, which are under examination," Mehta said. Mehta further said he has not come to the bank "personally" and "we have requested

On the amount of provisioning the bank would require to make, the CMD said it was difficult to give any technical number "right now" as the matter was under investigation. He, however said the bank will honour all its bonafide commitments. "We want to convey to all our stakeholders that PNB is pursuing clean banking agenda as a responsible bank."

to him to come and give us a written plan and how he is going to make a repayment". He said Modi had he sent a formal message last week. On questions regarding recovery of the amount, Mehta said the process has been initiated and the Enforcement Directorate has started seizing assets. "We are trying to protect the interest of all the lenders," he said. He said the bank was examining its whole system. "If we find any loopholes, we will plug them up," he said, adding it was a standalone case limited to one of its branches in Mumbai. He also said all other branches of the bank have been scanned to check any fraudulent activity. Mehta further said that the government too was examining the issue on day-to-day basis. "The matter is under investigation. We have not received any direction from our regulator RBI in the matter but they are our regulator, whatever direction they will give we will comply," Mehta said.

He also said Forensic audit the bank conduct forensic audit where it has doubt that fraud has been committed and let it be unearth. "This is the thing which is already documented so we may not require it. But if there is need be we may go for it," he said, amid volley of questions from reporters present on the occasion. The PNB CMD further said the bank has informed all its lenders about case. "We have issued advisory as well to them. We were the first to inform SEBI about this under the disclosure norms. So all these things are as per our clean banking agenda," Mehta added. In the last 123 years, he said the bank has seen many ups and down. "The bank at its full capacity will take every action to book wrongdoers. This fraud had started in 2011. Our own bank detected first and told the law enforcement agencies about this. PNB is fully committed to its clean banking policy. That is why we are the first one to detect and report this to the various law enforcement agencies," he said. PNB shares continued to bleed for the second day in a row, ending with a steep loss of 12 per cent at Rs 128.35 apiece on BSE. n

Diamonds recovered from Mothae

ucapa Diamond Company report the first diamond recoveries Mothae kimberlite mine in Lesotho. The diamonds were recovered through the existing bulk sampling plant and infrastructure at Mothae, which has been refurbished ahead of schedule, as part of the previously announced bulk sampling program. The initial diamond recoveries - sourced from residual material and kimberlite stockpiles that are not included in the Mothae JORC resource - were observed during a site visit to Mothae by Lucapa representatives, advisors, brokers and investors

following the Mining Indaba Conference in Cape Town. The largest of the diamonds recovered in the first test run was 6.6 carats. Selection of white stones from the diamonds recovered in the first BSP run at Mothae as previously advised, the BSP is designed to provide additional resource and diamond data to expand the life of mine, while also generating early cash flows. n

Heera Zhaveraat | March - 2018 | 35

TRADE NEWS

Sotheby’s to unveil 102.34 ct round D colour “A rarity in the mythical world of 100-carat diamonds: A masterpiece of nature, brought to life by human hand” criteria by which the quality of a stone is judged (‘the four Cs’). The diamond is D colour (the highest grade for a white diamond); of exceptional clarity (it is completely flawless, both internally and externally), and has excellent cut, polish and symmetry. As with the famous Cullinan I and Koh-i-noor diamonds, which are part of the British Crown Jewels, the stone is part of the rare subgroup comprising less than 2% of all gem diamonds, known as Type IIa. Diamonds in this group are the most chemically pure type of diamond and often have exceptional optical transparency.

Describing the stone, which is available for private purchase through Sotheby’s Diamonds and will be on view to the public in Sotheby’s New Bond Street Galleries on 8 and 9 February 2018, Patti Wong, Founder and Chairman of Sotheby’s Diamonds, said: “This stone is over 100 carats of flawless perfection.

At 102.34 carats, this masterpiece of nature is the rarest white diamond ever to come to the market and the largest, round D colour flawless diamond known to man. The only stone of its kind ever graded by the GIA (Gemological Institute of America), the diamond has achieved the highest rankings under each of the

In the course of my long career, which has brought me close to some of the greatest stones the earth has ever yielded, I have not encountered anything quite like this. With its outstanding weight, its perfect colour, clarity and cut, it is a masterpiece of nature brought to life by human hand, blazing with a brilliant firework-like display of almost every colour on the spectrum mesmerising to behold. It is a huge privilege to mark the first anniversary of our London salon with the exhibition of such a superlative stone.” n

o celebrate the first anniversary of its New Bond Street salon, Sotheby’s Diamonds, a retail boutique specialising in the world’s finest diamonds, will unveil a stone of exception – an extraordinarily rare 102.34 carat white diamond. The stone is the only known round brilliant-cut diamond over 100 carats perfect according to every critical criterion: in addition to the high number of carats, the stone is also perfect in colour, clarity and cut.

Stornoway completes Ranard Ready to explore diamond of about 1.8mn ct p.a.

tornoway Diamond Corporation announced the attainment of full Completion Certification at the Renard Mine.

Under the terms of Stornoway’s July 2014 material project finance agreements, including the senior secured loan agreement with Diaquem Inc and the Renard streaming agreement. Completion entails the delivery of certificates for the mine’s physical facilities, the attainment of certain sustained production targets and operating cost efficiencies, certification on the performance of the Corporation’s diamond marketing activities, and certification of compliance with the terms of the Corporation’s material finance agreements. Completion further entails the satisfaction of certain financial covenants contained within the material project finance agreements, including projected and historical debt service ratios, tangible net worth and Mineral Reserve tail ratios. Matt Manson, President and CEO, commented: ”Formal completion certification at the Renard Mine has been achieved within the normal-course schedule established in our project finance agreements. This is a testament to the excellent construction and operating performance of the Renard Mine team over the last three years, with cost, schedule and mine production targets all being achieved within plan, and solid cash operating margins achieved at the project level. With this significant achievement behind us, our focus looking forward will be realising the strong cash flow potential of the Renard Mine through continued process improvement in our diamond recoveries and growth in our mine production.” Completion certification at the Renard Mine has been provided by Roscoe Postle Associates, as Independent Engineer, based on mine performance in the 90 day period ended December 31, 2017. Average annual diamond production at the mine is forecasted at 1.8 million carats per annum over the first 10 years of mining. n Heera Zhaveraat | March - 2018 | 38

CASE STUDY

Policy and Progress: WGC Update A coherent policy framework Could help make India’s gold market!

Outlook:

We believe the policy announcements made in the Union Budget should be positive for India’s gold industry. A coherent policy framework could help make India’s gold market more efficient, transparent, and – most importantly – trusted by all stakeholders.

n a row the WGC announced their Market Update, India's Budget: policy and progress. The update says, India, a nation that accounts for around a fifth of annual global gold demand, has a long history of goldfocused policies. These, however, have often distorted the market rather than achieving policymakers’ aims. Announcements in the Union Budget on 1 February 2018, however, suggest this might change. Arun Jaitley, India’s Finance Minister, explicitly highlighted the government’s desire to formulate a comprehensive policy to develop gold as an asset class, create gold exchanges, and revamp the Gold Monetisation Scheme. The Budget also included policies designed to boost rural incomes. Better gold policies combined with rising incomes could bode well for India’s gold industry. Coherent gold framework: In the 2018 Union Budget, the Finance Minister made three key announcements on the government’s plans: 1: It intends to formulate a comprehensive gold policy to develop gold as an asset class. This represents a significant change of tack and could have positive implications for India’s gold market. For example, it could encourage regulators to embed gold in India’s financial architecture and financial institutions to develop gold-backed financial products, making it easier for institutional and retail investors to access gold. 2: It intends to establish an efficient system of regulated gold exchanges. This is an ambitious aim. India’s gold market is highly fragmented and riddled with inefficiencies. For example, gold trades at different prices in different cities. A regulated exchange can result in a more efficient and transparent market, which should boost investors’ trust in gold as an asset class. It could also support the development of India’s recycling market, as well as the Gold Monetisation Scheme (GMS). 3: It intends to revamp the GMS, which, if done correctly, could make it easier for consumers to open Gold Deposit Scheme (GDS) accounts. These policy announcements are all interlinked. Revamping GMS can support the gold exchanges, and the development of the exchanges can support GMS. And this could boost liquidity in India’s gold market, thereby supporting the development of gold-backed financial products. In our view, the government’s new approach is positive for India’s gold market. As we explained in Why India needs a gold policy, jointly published with the Federation of Indian Chambers of Commerce & Industry in 2014, a gold policy focused solely on imports will only encourage smuggling. As we see it, an effective policy needs to recognise the positive role gold plays in Indian society and strive to create a transparent and efficient gold industry.

These announcements, however, were light on detail. They set the direction of travel, but not the exact path, and over the coming months government officials, including the think-tank NITI Aayog, will flesh out the next steps. We believe there may be some important developments in the short-term, though. For example, the Bureau of Indian Standards is working on regulatory guidelines to make hallmarking mandatory. This is expected to come into effect in 2018. This should ensure the integrity of India’s gold supply chain, protect consumers from under-carating, and enhance the reputation of India’s jewellery industry. After receiving a positive recommendation in the recent Economic Survey, momentum is building behind the development of modern infrastructure in the form of new jewellery parks, which will be home to manufacturers, hallmarking centres, banks, and logistical support. This can help make India’s gold industry more formal and potentially boost employment and exports. Many in the bullion industry expect the Bureau of Indian Standards to produce good delivery standards for 1kg bullion bars processed by local refineries. This could be an important step in creating a standardised bar that can be accepted by local banks, commodity exchanges (MCX and NCDEX), and the proposed gold exchanges. Some policy areas may take longer to progress than others.

Boosting rural incomes: India’s Finance Minister, Arun Jaitley, delivered a budget designed to drive the country’s economy forward. It focused on the rural economy, healthcare, education, infrastructure, and digitisation. The focus on the rural economy is especially important in the context of gold. Rural India accounts for around two-thirds of India’s gold demand, and this is heavily linked to income levels. Indeed, our econometric analysis reveals that, as a rule of thumb, a 1% increase in income leads to a 1% increase in gold demand, all else being equal.

As we outlined in our recent paper A gold spot exchange for India: Delivering structural reforms, the formation of a national gold spot exchange will entail a detailed process of engaging with banks and other market participants to design and build the right solution for India’s gold market.

The government’s aim to double farmers’ income by 2022, therefore, can bode well for the gold market. The Finance Minister announced an increase in the Minimum Support Price to 1.5 times the production cost of crops, and farmers are already benefiting from market infrastructure reforms. At present farmers sell their produce in local mandis – market-places where food and agri-commodities are sold. But under an initiative spear-headed by the Ministry of Agriculture, existing mandis will now be connected to a pan-India electronic trading platform. This will connect farmers, traders, and producers all over India so that they get the best price for their produce. Finally, to boost farmers’ access to finance, the annual agricultural credit target was increased to Rs 11trn (US$170bn) in 2018–19, up from Rs 10trn (US$155bn) in 2017–18. n

We believe that as well as benefiting from these reforms, India’s gold market can be supported by the economic boost recent financial and fiscal reforms could deliver. The World Bank, for example, predicts India will become one of the world’s fastest growing economies in the coming years, while rural India should benefit from the government’s aim to double farmers’ income by 2022. n Heera Zhaveraat | March - 2018 | 39

INDUSTRY INSIGHT

The first Bharat Diamond Week in April At Least 1,000 Visitors Expected during April 23 to 25 About 225 Indian companies displaying polished diamonds

egistration has opened for participation in the first-ever edition of the Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India. The BDB expects thousands of visitors from India and abroad to take part in the April 23-25 international diamond week. The BDB said that 200 Indian companies will be exhibiting polished diamonds to buyers from across the world. "The interest in the Bharat Diamond Week continues to rise far beyond our original projections and this is extremely positive," said Bharat Diamond Bourse Vice-President Mehul Shah, who is heading the Diamond Week project. "We believe that there will be around 4,000 visitors. Our aim is to create connections between our international friends and colleagues and Bharat Diamond Bourse members. "We see the size of interest, and it is clear that this is going to be an event that will need to be held on a regular basis. There is a very clear demand both from exhibitors and from visitors," he said, adding that the BDB will be booking around 200 complementary hotel rooms in order to host foreign buyers who will be taking part. BDB President Anoop Mehta said: "Our colleagues from abroad are as excited as we are at the prospect of this international diamond

week. The demand is clearly there. We believe it is critical for the Bharat Diamond Bourse and for the international trade that an event such as this is held. The industry is facing various challenges and we are delighted to be able to organize an event that we believe will lead to great connections. The Bharat Diamond Week will also feature a display of synthetic diamond detection equipment with competitively priced services, together with specially organised seminars and meetings on the issue of synthetics, Mr Shah said. The synthetics part of the Diamond Week is going to bring a great deal of added value for attendees, with the latest updates on this important issue, Mr Shah said. "I strongly recommend that our friends and colleagues from around the world register as soon as possible in order to avoid disappointment," Mr Mehta said, adding that priority will be given to members of bourses affiliated to the World Federation of Diamond Bourses (WFDB), but all members of the diamond trade across the world are encouraged to attend. Leading up to the Bharat Diamond Week, there will be a cricket tournament from April 8-15 featuring 12 teams, with players from the following companies and organisations: Asian Star, Ankit Gems, Bharat Diamond Bourse, Mahendra Brothers, Blue Star, Palanlur Samaj Kendra, Jewelex, Venus Jewel, Shree Ramkrishna Exports, GIA, Rosy Blue and Jasani.n

Thorny River Project encourages!

urther analysis of the work completed to date Botswana Diamonds & that has led to an updated estimate of the diamond value range of US$120-US$220 per carat. The estimated diamond grade range remains at 46-74cpht. The Board of Botswana Diamonds said that a Scoping Study has commenced to determine the potential commerciality of the Thorny River Diamond Project. The study will further refine the volumes of diamonds in-situ, the grade and the value per tonne of ore. A critical aspect will be to evaluate the processing and mining options. This work is expected to take up to six months. Heera Zhaveraat | March - 2018 | 40

The Thorny River Project is a consolidation of the Frischgewaagt, Hartbeesfontein and Doornrivier properties into a 2,771 hectare area in the Limpopo Province of South Africa. Extensive drilling, geophysics and sampling work has been undertaken at Thorny River during the last twelve months. John Teeling, chairman, commented: “We now have a much better understanding of the geology and metrics of the Thorny River deposit. What is emerging is a project with similar metrics to the neighbouring Klipspringer Mine. We are now undertaking a detailed study to refine our processing, geological and commercial parameters.”

According to the Company’s internal models and forecasts, Modelled diamond value range of US$120 / carat – US$220 / carat. Volume (unchanged) is estimated 1.2 million – 2.1 million tonnes of kimberlite to a depth of 100m. n

CUTTING EDGE

khurana ring side view

AND THE OSCAR GOES TO… Forevermark India partners with 19 Indian jewellers to showcase curated pieces from the Red Carpet Collection 2018 for the 90th Academy Awards

very year, Forevermark, the diamond brand from The De Beers Group of Companies that epitomises beauty, rarity and responsible sourcing, provides a unique opportunity for its jewellery partners. This year, Forevermark through its trusting partners, will highlight the quality and finesse of Indian workmanship and design on an international platform.

BR DESIGNS earings detachable

Forevermark has created an exclusive Red Carpet Collection, in collaboration with 19 prominent Indian retailers. These exquisite pieces will be on private display during the 90th Academy Awards on March 4, 2018. The collection is inspired by Forevermark’s Spring/Summer trend – Garden of Wonders – with botanical, floral motifs as key inspirations in over 30 designs. It features classic cocktail rings, layered neckpieces, and tennis bracelets along with on-trend pieces such as ear & palm cuffs, cocktail rings, statement necklaces, concept earrings (worn multiple ways) and chandelier earrings. The collection has been crafted by select Authorized Forevermark Jewellers across the country namely Anmol Jewellers; AVR Swarnamahal; B.R Designs; Bholasons Jewellers; Diamond Tree; Hazoorilal by

DIAMOND TREE earings - Copy

Orra

NARAYAN earings - Copy

Sandeep Narang; Indian Gem & Jewellery Creation; Khurana Jewellery House; Kirtilals; Manek Gems; Madanji Meghraj Jewellers; Narayan Jewellers; OM Jewellers; ORRA Jewellery; PCJ Jewellers; PMJ Jewellers; Rose; Vaibhav Empire and VBJ – Vummidi Bangaru Jewellers. The Red Carpet Collection is to be showcased at the diamond Oscar suite in Los Angeles, where celebrity stylists will be invited for a private viewing and selection of pieces. Sachin Jain, President, Forevermark India, said, “It is an honour to be a part of this prestigious platform and showcase exceptional diamond designs from our country’s finest Indian jewellers. We are hoping to once again raise the bar of global creativity with our immaculate craftsmanship and innovative designs at the 90th Academy Awards.” Selected by hand, less than 1% of the world's diamonds are eligible to become a Forevermark diamond. Every Forevermark diamond is inscribed with a Forevermark icon and unique ID, which is an assurance that each diamond is beautiful, rare and responsibly sourced. n Heera Zhaveraat | March - 2018 | 41

IN FOCUS

Tanvi Gold Cast unveils Yug A new branding partner of Swarovski Gemstones launches gold Jewellery collection at the IIJS Signature 2018

e at Tanvi Gold cast LLP always strive to give the best and unique in Swarovski Zirconia Studded Gold Jewelry and other variants of the Gold Jewelry to our customers. We have state of the art manufacturing facility at Rajkot Gujarat which gives us an edge in the field of manufacturing. We have an exclusive collection of designs and extremely rare spices of Jewelry. We have the best cadre of artisans with us which produces the true class of products for our customers. Our company houses more than 300 committed employees and utilizes the cutting-edge machinery and systems in a world-class work environment to ensure the highest quality output. We feel proud to be the branding Partner of Swarovski Gemstones and launch our new brand 'YUG' embellished with Swarovski Zirconia at the IIJS signature 2018 by Mr. Pramod Derewala, Chairman GJEPC Chief Guest along with Ms. Roza Topolnicka, Head of Creative & Retail Marketing - Swarovski Gemstones and Mr. Rajendra Jain, MD India Swarovski Gemstones as Guest of Honour. Enhance the value of the Tanvi Gold Cast (TGC) and 'YUG' brand by ensuring that TGC is the most trusted independent jeweler in our markets, because of our authority, expertise, and service excellence. TGC and YUG to be nationally known as one of the premier heritage fine jewelry brands in India. Our aim is to become a globally recognized jewellery manufacturer by offering the highest standard of service, top quality product and innovative styles at competitive prices. Tanvi Gold Cast LLP to be acknowledged for its ability to provide a top tier experience to our customers before, during, and after a purchase. We employ those who seek to serve our clients internal and external at a level higher than expected. We at TGC Brand 'YUG' embrace a passion for our product and want to become a world acclaimed manufacturer of high quality jewellery embellished with Swarovski Zirconia by taking an ethical and competitive approach. n

Nazrana collection launched Bhindi manufacturers introduces finely crafted 22 KT handmade jewellery set with Swarovski Zirconia at the IIJS Signature 2018

hindi Manufacturers is a globally reputed jewellery manufacturing house with a glorious tradition of excellence of over twelve years. It's a dream come true for the connoisseurs of Antique Polki diamond jewellery. Located centrally in Rajkot, Bhindi manufacturers produces one of the breath-taking collections of Antique jewellery in all its hues and designs. The house of Bhindi Manufacturers stands for traditional & cultural values, fine craftsmanship, exclusive designs & unique quality of the materials. Our name inspires, trust, confidence and self-esteem among its valued customers in India as well as abroad exclusive creative work & reliability have been the hallmark of all our collections, which are made with special care & stringent quality standard set by our founder. Bhindi Manufacturers brings to you traditional, finely crafted exclusive Nazrana Collection 22 KT handmade jewellery set with Swarovski Zirconia. Nazraana collection was inaugurated by Mr. Pramod Derewala, Chairman GJEPC as Chief Guest along with Ms. Roza Topolnicka, Head of Creative & Retail Marketing - Swarovski Gemstones and Mr. Rajendra Jain, MD India - Swarovski Gemstones as Guest of honors. Manish Bhindi, Director â&#x20AC;&#x153;When we think of world's best quality stones, the only name which comes in our mind is Swarovski Zirconia. It has been ingrained in the minds of Indian Jewellery industry both among jewellers and customers for the last many years. Swarovski is today the industry leader due to their versatility in colours, shapes and sizes makes it the most convenient stone to beautify our Jewelleryâ&#x20AC;? n Heera Zhaveraat | March - 2018 | 42

CONTRIBUTORS

Gem Visions 2019 presented! Swarovski Gemstones Presents the latest trends, designs, themes & innovations 2019

warovski organized a dazzling private event “Gem Visions 2019” on 12th February 2018, in Mumbai for its exclusive branding partners & retail partners only. A Live webinar was also organized. Ms. Roza Topolnicka- Head Creative & Retail Marketing from Swarovski Gemstones Business presented the latest trends, designs, themes & innovations 2019. The extensive research done, foresightedness of preparedness was exemplary which made the event a grand success and the attendees were delighted to take back abundance of knowledge shared during the trend presentation. At a time of radical change in our jewelry world, Swarovski Gemstones, the prestige brand for genuine gemstones and created stones, transforms the format and focus of Gem Visions, its industry leading trend and design service. Gem Visions will now be presented twice yearly, each issue with a seasonal slant, so that the first new-look Gem Visions is targeted specifically on Spring/Summer 2019. The dynamically different design, and notebook layout, with a fresh, playful freedom, are intended to ignite innovation, stimulate imagination and capture the essence of the season’s theme:

Yes To All: In this Gem Visions we embrace and invite freedom of creative expression, we celebrate free spirits and thinkers, a sense of liberation in all facets of design, concept, color, form, craftsmanship, a new freedom in gem-cutting and setting. Looking ahead to spring 2019, we nurture today’s youth-fueled collective imagination, and the energy and ingenuity that drive change and progress, shaping social and cultural megatrends and diversity of design direction. We explore colors, mixing them with fantasy and originality, to harness their energy and the energy of light, which together make up the heart and soul of every gemstone. Inside the new lively magazine-style Gem Visions, as always you will find both in-depth, authoritative research and analysis of global megatrends, and our projected design directions, backed up with influences, icons and inspirations. This year, however, we have integrated the design directions into the text, throughout the book, reinforcing their relevance through short, sharp trend-related editorial features and news items, showing how these social, cultural, fashion and design shifts are making their presence felt in our world. New too for Gem Visions, Spring/Summer 2019, is a special focus feature: as the new freedom of thought and spirit is led by the millennials who are shaping our future and our consciousness, we take an informative look back at times of similar social and cultural revolution, specifically the 1960s and 70s, showing just how the “swinging” and “disco” decades impacted jewelry design, fashion and lifestyles.

Spring/Summer 2019: This season, we start by delving deep into three social and cultural megatrends, showing the design directions that we believe each will

generate, along with relevant market insights and key items of jewelry:

1. Millennials: It’s what everyone is talking about: we examine the profound changes brought about by Millennials, especially in the realms of luxury and communication, and ask how the jewelry world is responding. We highlight Chopard’s collaboration with Rihanna, journey to exotic places with the Digital Nomads, analyze the Millennial preference for experience and emotion over material possessions, and the fixation with an “Insta-Life”.

2. Retail Revolution: As radical change sweeps the retail landscape, transforming the way we shop, the long-established ritual of the jewelry purchase seems out of date. Here we look at new jewelry-buying environments, catering to the demand for experiential, immersive storytelling in retail. We follow the latest trends in renting, sharing and the versatility offered by monthly boxes of exchangeable jewels. 3. Powerful Women: The rise of the strong, fiercely individual yet resolutely feminine woman has gone hand in hand with a growing awareness of women’s issues around the world, resulting in a call to action. Over the past few years Gem Visions has tracked evolving ideals of femininity, and here we analyze the growing power of the female, the freedom of women to be themselves, whoever they want to be. This short glimpse at through the key messages of the season can be explored in greater detail at: http://swarovs.ki/gv Esteemed attendees for the event were Emerald Jewel Industry India Ltd, RKR Gold, Surya Golds, Veera Gold, SENCO Gold, Waman Hari Pethe Jewellers, Titan Industries Ltd, Anmol Jewellers, Reliance Retail Limited, Divinus Creations, Poonam Jewel, Blue Lotus Jewellery Pvt. Ltd, Neptune Gold, Gunjan Jewels, Pure Platinum Jewellery Pvt. Ltd, Sanghi Jewellers, Raia Jewels Pvt. Ltd. (Oro Gold), Tanvi Gold Cast, Tiara Fashion Silver Jewellery, Uni-Design Jewellery Pvt. Ltd, Zar (RG Bangle Pvt. Ltd), The White Gold, Sign International, Ramnarain & Co, Damara Gold. n Heera Zhaveraat | March - 2018 | 43

SHOW TALK

Signature IIJS concludes! 11th Signature IIJS commences buying season! India’s top-of-the-line jewellery showcased!

h e G e m & J e we l l e r y E x p o r t Promotion Council (GJEPC) presented the trade with two wonderful opportunities to commence the Year’s buying season with the 11th edition of Signature IIJS and the 5th edition of India Gem & Jewellery Machinery Expo (IGJME). Mr. Arunkumar Mehta (Chairman, Rosy Blue (India) Pvt. Ltd. & B. Arunkumar & Co.) inaugurated Signature IIJS 2018 in the p re s e n c e o f S h r i P ra m o d A ga r wa l (Chairman, GJEPC), Shri Colin Shah (Vice Chairman, GJEPC), Shri Shailesh Sangani (Convener–National Exhibitions, GJEPC), Shri Kirit Bhansali (Committee of Administration – Diamond Panel, GJEPC) and Smt. Veena Wadkar (Executive Director Operations, GJEPC). Signature IIJS unveiled the most coveted premium jewellery and jump-started the new buying season from 9th – 12th February, 2018 at Bombay Exhibition Centre. The event hosts more than 670 exhibitors and 1,500 plus stalls and attracted about 16,000 visitors from pan India and more than 55 countries. Buyer delegations are from countries such as Kuwait, Qatar, Bangladesh, Nepal, the UK, Bahrain, Iran, Uzbekistan, Kenya, Malaysia, UAE, Saudi Arabia, Sri Lanka & Singapore amongst others. Addressing the inaugural session, Shri Pramod Agarwal, Chairman, GJEPC, said, “We are proud and privileged to have a father figure and an institution - Shri Arunkumar Mehta to inaugurate the 11th Signature IIJS and 5th IGJME to set the tone for a very significant buying season and reaffirm our leadership. We met Hon. Union Minister Shri Suresh Prabhu and his officials, who showed keen interest in taking measures such as Jewellery Parks, Common Facility Centres, promotion of jewellery, especially hand made jewellery. The Council will soon present a plan to make Heera Zhaveraat | March - 2018 | 44

India a global manufacturing hub for the gem & jewellery business.” He added, “We appreciate the recent Government’s initiatives such as reducing GST on cut & polished diamonds and precious stones from 3% to 0.25%; reducing corporate tax from 30% to 25% on companies having turnover of up to Rs. 250 crore; and Government's move to contribute 12% to Employee Provident Fund (EPF) in wages of new employment for three years in all sectors.” Mr. Agarwal added, “GJEPC has been proposing the world diamond industry for generic promotion of diamonds continuously in the last few years and this has seen an effective solution in the form of Diamond Producers Association’s recent campaign, which will help create a strong top of mind recall value for diamonds in the luxury segment. The points raised in the last India Gold & Jewellery Summit on comprehensive Gold Policy, Gold Exchange and reframing of the gold monetization scheme has been announced in the Union Budget. GJEPC has the view that import duty on precious metal should be reduced and we have recommended the same to the Government.” “We have requested the Government to roll back the recent increase in import duty on cut & polished diamonds and colored gemstones. Our efforts on presumptive tax

SHOW TALK for diamonds and colored gemstones will continue. GJEPC has requested Government to allow exporters for procurement of precious metals on bond instead of advance payment of GST,” Shri Agarwal said. “We have requested Government to review FTAs with countries for giving level playing field to Indian industry and sign new trade agreements with countries such as the US, Canada & Russia amongst others where our exports can grow. Council will work on making our exhibitions world-class. We have to upgrade our manufacturing continuously to keep up with technological development to maintain our leadership position in diamonds and colored gemstones. We have to promote Brand India by focusing on increasing value addition of the sector,” Shri Agarwal said. “GJEPC will promote costume and fashion jewellery, which has great potential due to its cheap raw material and higher value addition,” Shri Agarwal said. Shri Agarwal added, “GJEPC is setting up Common Facility Centres in 13 identified clusters of the gem and jewellery in India with Government Grant. This will increase productivity and quality of small and medium players and karigars who are the backbone of our industry.

We have seen challenges emerging in the last decade due to lack of a global diamond promotion campaign. If a product is not promoted and rough production increases then every player in the value chain pipeline are squeezed. GJEPC has to help attract young talent to the gem and jewellery sector as well more trade constituents to worldclass infrastructure such as Bharat Diamond Bourse, Mumbai.”

This year, the overseas visitor registration too witnessed a steep increase when compared to last year indicating the growing importance of the show across the globe to source exquisite jewellery. The ‘on the spot’ registration facility increased visitor footfall significantly. The show, which featured well defined sections of Diamonds, Gemstones and studded Jewellery in addition to International Section.

Shri Colin Shah, Vice Chairman, GJEPC, said, “Signature IIJS 2018 is important as the tides are slowly but surely changing and I foresee better times ahead for the gem & jewellery industry. GJEPC continuously fosters a holistic environment to conduct business by organizing buyer-seller meets and dedicated diamond weeks. Trade shows such as IIJS and IGJME facilitate growth at every stage of the pipeline. GJEPC is leaving no stone unturned to ensure that the gem & jewellery industry continues to thrive and prosper.”

This year, the Gold section extended to accommodate more number of exhibitors under this category. The main highlight of the show is the Signature Club which showcases the most exquisite couture jewellery by the leading Manufacturers of the Country.

Shri Shailesh Sangani, Convener–National Exhibitions, GJEPC, said, “Signature IIJS and IGJME achieve the dual goal of presenting India’s finest jewellery creations to the world as well as providing Indians and international visitors with a comprehensive showcase of all the latest updates in technology and machinery. We need to continue to stay relevant in the luxury world with high quality designer jewellery and finishes.

The Government is willing to give grant for more CFCs in future. GJEPC will start a helpdesk, where members can seek guidance for increasing their exports. The infrastructure of the laboratories of GJEPC will be strengthened and we will make their certificates at par with the best international ones. We have gem and jewellery institutes in Mumbai, Delhi, Jaipur and Surat; we recently inaugurated IIGJ Varanasi and the Council will soon open another one in Udipi. We shall be doing Buyer-Seller meets in overseas markets for all gem & jewellery products.”

The gem & jewellery industry is regaining traction after GST regime has ushered in a new era and increased demand. The number of booths at 11th Signature IIJS has increased by 200 numbers to accommodate the waiting list of new sellers. New features have been added to this show, which is the perfect opportunity for retailers to replenish inventory for the coming buying and festive season. GJEPC is facilitating guidance in various avenues of growth.”

Shri Arunkumar Mehta, Chairman, Rosy Blue (India) Pvt. Ltd. & B. Arunkumar & Co. said, “I am honoured to inaugurate the 11th Signature IIJS and I remember my days as the young member of the diamond panel in the 1960s when the Council was formed. India’s gem & jewellery business made a lot of progress and growth in the 50 golden years from 1960-to-2010.

Signature IIJS provides a perfect platform for the country’s leading manufacturers and retailers to facilitate an exchange of market insights and knowledge, providing networking opportunities for business. In addition to that, an exclusive ‘By Invitation Only’ Networking Evening has been organised for exhibitors and buyers to further explore business opportunities and strengthen existing business ties.

Always Signature IIJS provides a perfect platform for the country’s leading manufacturers and retailers to facilitate an exchange of market insights and knowledge & also provides a networking opportunities for business. In addition to all those, the show is an exclusive ‘By Invitation Only’. Networking Evening had been organised for exhibitors and buyers to explore business opportunities and strengthen existing business ties further! Concurrently, the visitors witnessed IGJME, Asia’s largest gem & jewellery technology fair. IGJME is a strategic initiative of GJEPC planned to help manufacturers to witness new ideas, discover innovative technical k n ow - h ow a n d l e a r n c u t t i n g - e d g e techniques in production. The revolutionary technology exhibited at the show is expected to drastically improve the quality of the products while minimizing the raw material wastage at the same time. IGJME provided an opportunity to interact with leading suppliers of machinery, tools, components, packaging accessories and allied products from all over the globe. Numbers of cutting edge technology showcased, such as laser machines, computerized yield planning machines, advanced bruiting lathes, diamond impregnated scaife with all those tools-ntech for day to day use! n

Heera Zhaveraat | March - 2018 | 46

SPOTLIGHT

New SD Centre inaugurated with Glimpz 2018 Amruta Fadnavis and Rajiv Popley inaugurates at IIGJ

mt. Amruta Devendra Fadnavis and Mr. Rajiv Popley Inaugurated the New Skill Development (SD) Centre of The Indian Institute of Gems and Jewellery (IIGJ)Mumbai along with 12th Graduating Exhibition - Glimpz 2018!

Supporting the Make in India Initiative introduced by the Government of India, students were asked to research on concepts which would be influenced by the Art and Craft culture of India which are on the verge of extinction and revive the same by utilizing it as a concept to create their collection

Inauguration of the 'IIGJ Andheri New Skill Training Center' preceded by Honorable Chief Guest-Smt. Amruta Devendra Fadnavis - First lady of Maharashtra and Guest of Honor - Mr. Rajiv Popley - Director of Popley Group. The Occasion was graced by the presence of Mr. Kirit Bhansali, Chairman-IIGJ Mumbai, Former ChairmanGJEPC Mr. Pravin Shankar Pandya, Vice Chairman GJEPC, Mr. Colin Shah, Chief Executive Director GJEPC, Mr. Sabyasachi Ray, Executive Director GJEPC, Ms. Veena Wadkar & along with IIGJ Mumbai Board of Directors â&#x20AC;&#x201C; Mr. Sanjay Kothari, Mr. Vasant Mehta, Mr. Nirmal Barmecha, Mrs. Namita Pandya and HoI â&#x20AC;&#x201C; Mr. Sanjoy Ghosh. The New Center has been established Dedicated for Conducting Specialized Courses in Jewellery Design, CAD, Manufacturing, Diamond Grading and Gemology. This center is aligned with NSDC Standard. After the Inauguration of the new skill training center the Dignitaries preceded to Bagmal Laxmichand Parikh Campus for the Inauguration of the GLIMPZ 2018 Exhibition. Glimpz-18 Exhibition is an important event for the Indian Institute of Gems & Jewellery, Mumbai. Every year the 3 Year Degree Course culminates with a Cap Stone Project during which the students create collections of jewellery base on particular

Heera Zhaveraat | March - 2018 | 46

themes. This year the students of Degree Bach 12 were asked to work on the Theme of Sustainability & Revival-where they were inspired to create jewellery with unusual mechanisms and concepts. Supporting the Make in India Initiative introduced by the Government of India, students were asked to research on concepts which would be influenced by the Art and Craft culture of India which are on the verge of extinction and revive the same by utilizing it as a concept to create their collection. They could also create jewellery based on the waste materials which can be sustained by using them in their jewellery. During this project students work hard to design their own jewellery collections under the able guidance of their mentors and transform them into actual jewellery pieces by applying the skills learnt during the 3 years training. All those inaugural players of IIGJ Andheri New Skill Training Center & Jury Panel Ms. Indra Jadwani remained present at the inaugural of Glimpz. Smt. Amruta Devendra Fadnavis and Mr. Rajiv Popley personally visited and interacted with every passing out student giving them a word of encouragement to stand tall in their career. They not only took keen interest in judging the students work but also gave them a fruitful feedback which would add to their knowledge for their upcoming career. After seeing the efforts put in by the students they mentioned that they were very happy to see the skills gained by the students during this 3 years program. n

STYLE QUOTIENT

Design Inspirations, Jewellery Trend Forecasting “Concept to Creation-Optimising Efficiency” was the central theme for Design Inspirations 2018

he Gems and Jewellery Export Promotion Council (GJEPC), Govt. of India undertaking, organised “DESIGN INSPIRATIONS” a two-day knowledge forum on upcoming jewellery trends. The two-day seminar and think tank focuses on understanding what creates jewellery trends in World's major jewellery consuming markets like India, USA and Europe. Each year this two-day gathering of thought leaders brings forth the expected fresh insights which are revolutionising this dynamic industry.

The Design Inspirations 2018 theme was “CONCEPT TO CREATION-OPTIMISING EFFICIENCY”, concentrated on evolution and life cycle of Jewellery design from conceptual stage to final product development in today's tech digital age. Commenting on the event, Shri Pramod Agarwal, Chairman, GJEPC, said “Designing as per the latest trends and as per the market requirement is an area the Indian industry needs to focus more if we want to expand our hold in the global market. Apart from setting up new institutes at identified gem and jewellery clusters, the Council will further ramp up its existing gem & jewellery institutes by introducing new courses and facilities to meet our goal.”

Heera Zhaveraat | March - 2018 | 47

STYLE QUOTIENT

The list of eminent speakers in this year's event includes Alexandra Mor - Haute joaillerie creative director and designer, USA; Paola De Luca – Founder, The Futurist Ltd; RozaTopolnika – Branding Partner, Swaroski Gemstones; AbhishekRastogi – Head of Design, Tanishq; Farah Khan – Founder, FK Fine Jewellery; Aakrosh Sharma of Caratlane; Mr. John Varghese, Associate Partner at IBM India; ShehzadZaveri of Minawala Jewellers; PayalSinghal and Roopa Vohra, Jewellery Designer & many more. Shri Colin Shah, Vice Chairman, GJEPC, Said, “Design Inspirations aims to ignite the young minds every year with eminent speakers from across the globe sharing their viewpoints on the Indian and International trends. Consumers are always on a lookout for something new and trendy which adds to the pressure of innovating quickly. In the sixth year of Design Inspirations we would like to continue to inspire the gems and jewellery industry to focus on converting creative design concepts into sellable jewellery with speed for consumer

buying purpose.” Mr. Milan Chokshi, Convener PM&BD said, “India is omnipresent in the world of Gems and Jewellery, and consequently the largest stakeholder inevery way. As the leader, it's essential that we extend our lead over the others by constantly striving to improve in every area. Definitely, Design Inspirations is a move in that direction and I am sure this would help the industry to move in sync, if not ahead of the industry.” RozaTopolnicka, Head of Creative and Retail Marketing, Swarovski Gems during her address on value chain said, “Brands today are shifting focus to target younger generation who believe in adorning the jewellery rather than locking it away. It is imperative to understand the consumer and cater the designs in line with their needs and preferences. Jewellery is viewed as an adornment rather than an investment. Revolutionary charms, eccentric ear wear and contemporary engagement rings are the trends to look out for this year.”

Mr. John Varghese, Associate Partner at IBM India said, “India is at the cusp of a first of its kind digital disruption. With the emergence of the Digital economy, brands have evolved in the last five years to adapt to new business models. Consumers spend majority of their time in the digital world giving designers an opportunity to leverage this platform to enhance visibility and interactivity.” “The digital economy will be a trillion dollar economy by 2025,” Varghese said. He went on to exhort the jewellery industry to pay heed to this and align strategies to take the digital world into their plans and see how they could leverage it for the growth of their own companies and industry. Paula De Luca, founder of The Futurist, said, “Design Inspirations is a platform for forecasting the jewellery trends which is essential knowledge for designers to enable them to plan with methodology and system. Understanding the consumers culture, taste and preferences, translates into knowing what they will buy and how.” “Trends are not to be confused with fashion or fads,” Paola clarifies at the outset. “Rather it is an understanding of social changes. Of seeing how these will effect what people wear, buy, and spend on.” Like the first day of Design Inspirations 2018, Day 2 also had speakers talking on a range of relevant topics. n

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TRADE NEWS

CSR by Hari Krishna Exports! Collected 313 units of blood, Total 8543 units of blood collected so far!

Rough prices up by 7% in February

ari Krishna Exports Pvt Ltd (HK), India’s leading manufacturer of cut & polished diamonds organised a blood donation drive on February 13, 2018 at The Capital, BKC for the betterment of the community. HK Exports organises blood donation drive thrice a year and all together the count till date is reached up to 8543 units of blood from Mumbai and Surat office.

Rough price increases of 12% since October

ountain Province Diamonds announces the results of its recently completed first diamond sale of 2018 in February. This sale has resulted in Mountain Province’s highest result to date in total dollar terms, with total sale proceeds of US$27.3 million for an average value per carat of US$78, and US$83 on a normalized basis. The diamonds offered in this first sale of 2018 were sourced from the last production split of 2017. The stronger realized values reflect the improved size distribution observed in that split as well as the quality of the fancies and specials. In attendance were the Guest of Honour Mr. Pramod Agarwal, Chairmen- GJEPC, Founder & MD of HK Exports Shri Ghanshyam Dholakia. Speaking on the occasion, Shri Ghanshyam said, “On the occasion of Hari Krishna Exports 5th Anniversary at The Capital, we have organised a Blood Donation Drive. This is done with the cause of helping and saving other’s lives. We have got a great response from our donors and sincerely I would like to thank them for such a generous donation.” As a token of appreciation, Acupressure seat was presented to every blood donor with certificate and books along with their donor card. n

Jewels of Distinction! Jhumkas from Navrathan Jewellers The classical pair of Diamond Jhumkas enhanced by south sea pearls is a pulse quickening design, with thrilling craftsmanship. The sophistication carried by this precious stone is a source of pleasure for both, the wearer and the spectator. These Jhumkas from Navrathan Jewellers are a perfect blend of traditional and contemporary fusion designs that will steal the show and make a fashion statement too! Each of the designs is crafted to exclusive perfection, so no two are alike. Whether set in illustrious gold or intertwined with elegant pearls, this breathtaking diamond with green gemstone will display its glamour and leave you mesmerized. These jewellery pieces are available exclusively at Navrathan Jewellers: enchanting to the eyes of ladies. These jewellery pieces are available exclusively at Navrathan Jewellers in Bangalore & Delhi. n Heera Zhaveraat | March - 2018 | 50

In addition, robust demand saw prices increase an average of approximately 7% over those of the preceding sale held in December. Note that only half of the fancies and specials from the last production split of 2017 were offered in this sale, with the remainder deferred for inclusion in the upcoming second sale of 2018. Said Reid Mackie, the Company’s Vice President Diamond Marketing, “Our January sale broke all records in terms of revenue and customer activity. More than 200 companies participated, with 140 placing bids and delivering our highest revenue figure to date. Particularly promising is that all product areas saw healthy price increases, especially the large, special stone category which achieved both record prices per carat and the highest value individual stone sold by Mountain Province to date.” Said David Whittle, the Company’s Interim President and Chief Executive Officer, “The results of this sale were driven not only by the quality of the diamonds on offer but stronger rough diamond prices generally, as we experienced an improvement in customer sentiment similar to that which has been reported by the industry generally. We have experienced general rough diamond price increases of approximately 12% since October, s u p p o r t i n g a v i e w o f i m p rov i n g m a r ke t fundamentals. Operationally, we note the strong plant throughput in January, representing exceptional performance in the heart of winter.” n

RED CARPET

The 61st Bangkok Gems and Jewelry Fair saw a Record Breaking Success

he Ministry of Commerce’s Department of International Trade Promotion (DITP) officially opens the 61stBangkok Gems and Jewelry Fair(BGJF) under the theme “Heritage & Craftsmanship,” highlighting Thailand’s cultural heritage and the exquisite craftsmanship of Thai artisans while setting the stage for local and international companies to engage in trade negotiations. The Ministry of Commerce is confident that the fair will play a vital role in continuously increasing exports of gems and jewelry in 2018.

Photo shows: Mr. SontiratSontijirawong, Minister of Commerce(4th from left), Mrs. ChantiraJimreivatVivatrat, Director-General of the Department of International Trade Promotion, Ministry of Commerce (3rd from left)

In 2017, the gems and jewelry industry was ranked third exporting industry in Thailand after automotive and computers. Last year’s export totaled nearly 13 billion USD, and when excluding unwrought gold, the industry saw an increase of 2.25% compared to 2016 which was the first time in the past three years.

Mr. SontiratSontijirawong, Minister of Commercereveals that the gems and jewelry industry is a high-potential industry that is key to the Thai economy. The strength of the industry lies throughout the value chain, from sourcing, manufacturing, to trading, with a workforce of approximately 1.2 million from upstream to downstream. Thus, the government is committed to implementing measures to ensure continuous growth of the industry while setting a goal of propelling Thailand to become “the World’s Jewelry Hub”.

“The Ministry of Commerce has carried out policies to promote the growth of the gems and jewelry industry in order to increase the competitive edge for businesses while seeking new market channels and developing new products that cater to latest industry trends. Bangkok Gems and Jewelry Fair is a key platform that offers an opportunity for Thai companies, both large and small, to do business with high-potential businesspeople and buyers from around the world, learn about consumers’ needs, and expand their business networks and exchange knowledge with others,” says the Minister of Commerce.

Heera Zhaveraat | March - 2018 | 52

RED CARPET

The 61stBangkok Gems and Jewelry Fair is held under the theme “Heritage & Craftsmanship,” highlighting Thailand’s cultural heritage and promoting the exquisite craftsmanship of Thai artisans to become more widely recognized. Thai jewelry is both skillfully crafted and full of creativity. To align with the government’s “Thailand 4.0” and “Creative Economy” initiatives, the Fair Organizer is presenting new ideas in exhibition zones, from The New Faces featuring jewelry products from leading SMEs across the country with over 120 new exhibitors, the Innovation and Design Zone (IDZ) featuring innovative products from start-ups as well as jewelry that utilize new techniques, to the The Niche Showcase featuring the latest trends in jewelry for niche markets. Moreover, insightful seminars and consultation workshops from Thai and international experts are offered as well as a mobile gems analyzing unit from the Gem and Jewelry Institute of Thailand (Public Organization) or GIT and other world-leading institutes. In 2017, the gems and jewelry industry was ranked third exporting industry in Thailand after automotive and computers. Last year’s export totaled nearly 13 billion USD, and when excluding unwrought gold, the industry saw an increase of 2.25% compared to 2016 which was the first time in the past three years.

The outlook for gems and jewelry exports in 2018 is positive as trading partners of Thailand are recovering from stagnant growth. The Ministry expects that this edition of Bangkok Gems and Jewelry Fair will open new opportunities for Thai companies. Combined with government measures such as tax exemptions, the fair is certain to boost trade in this industry while propelling Thailand to become one of the world’s gems and jewelry trading hub. Heera Zhaveraat | March - 2018 | 53

“The outlook for gems and jewelry exports in 2018 is positive as trading partners of Thailand are recovering from stagnant growth. The Ministry expects that this edition of Bangkok Gems and Jewelry Fair will open new opportunities for Thai companies. Combined with government measures such as tax exemptions, the fair is certain to boost trade in this industry while propelling Thailand to become one of the world’s gems and jewelry trading hub,” says Mr. Sontirat. The Ministry expects that this edition will welcome 20,000 visitors from 130 countries, generating over THB 2 billion sales. Around 900 leading companies in Thailand and abroad are participating in the fair, occupying over 2,000 booths. n

SHOW TIME

This year's Hong Kong International Diamond, Gem and Pearl Show continued to attract jewellers, trade associations and organisations from around the world. The participation of exhibitors was the highest on record. It testament to Hong Kong's standing as a key sourcing platform for the global jewellery industry,

Maximum Brilliance at Hong Kong International Jewellery Show

he fifth Hong Kong International Diamond, Gem and Pearl Show, organised by the Hong Kong Trade Development Council (HKTDC), opened and was scheduled for five days at the AsiaWorld-Expo. The Show gathered a record number of 1,970 exhibitors from 40 countries and regions, including new exhibitors from Belize and Turkey, to showcase an assortment of jewellery raw materials including exquisite diamonds, precious and semi-precious stones as well as pearls to international buyers. The 35th Hong Kong International

Jewellery Show, featured finished jewellery products, and took place from 1 to 5 March at the Hong Kong Convention and Exhibition Centre (HKCEC). The two shows featured a total of more than 4,550 exhibitors from 52 countries and regions, forming the world's largest jewellery marketplace. This year's Hong Kong International Diamond, Gem and Pearl Show continued to attract jewellers, trade associations and organisations from around the

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world. The participation of exhibitors was the highest on record. It testament to Hong Kong's standing as a key sourcing platform for the global jewellery industry,” said Benjamin Chau, Deputy Executive Director of the HKTDC. “The improving global economic conditions have led to a steady rebound in overall jewellery exports. There is also an increasing demand for product diversity. The Diamond, Gem and Pearl Show and the Hong Kong International Jewellery Show, set to generate synergy and to help industry players capture more business opportunities.”

SHOW TIME

A dazzling array of exquisite jewellery raw materials on display To facilitate buyers to source jewellery raw materials, the Hong Kong International Diamond, Gem and Pearl Show had set up thematic zones for different product categories. The Hall of Fine Diamonds showcased quality diamonds in a variety of sizes, grades and colours. Exhibits included an enthralling two-carat natural green diamond presented by US exhibitor Rio Diamond MFG Corp (Booth: 2CON21); a 28-carat fancy vivid yellow diamond ring from Scarselli Diamonds Inc (Booth: 2CON-25); a top-quality argyle pink diamond from Australia, which is valued at more than HK$7 million, featured by Rachminov

Diamonds 1891, Asia Ltd (Booth: 2Q17); and a radiant shape, natural fancy colour polished diamond from Hong Kong exhibitor Novel Collection Ltd (Booth: 2-Q01). Another zone, Treasures of Nature, was devoted to precious and semiprecious coloured gems of different origins. Exhibits included a set of Colombian emerald jewellery, valued at more than HK$23.4 million, showcased by Hong Kong exhibitor Hatta New World Company Limited (Booth: 1-B05); a Sri Lankan chrysoberyl cat's eye stone, that weighs over 100 carats and is valued at more than HK$20 million, from Wilds Company Limited (Booth: 1-B11); a spinel snake presented by German exhibitor Paul Wild (Booth: 1-B01); a

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The improving global economic conditions have led to a steady rebound in overall jewellery exports. There is also an increasing demand for product diversity. The Diamond, Gem and Pearl Show and the Hong Kong International Jewellery Show, set to generate synergy and to help industry players capture more business opportunities.

CONTRIBUTORS

With Hong Kong becoming a major trading and distribution centre for pearls, the Treasures of Ocean zone was set up to showcase quality pearls from Tahiti, the South Seas, Japan, the Chinese mainland, the Caribbean and other pearl-producing regions. Another highlight zone Rough Stones & Minerals had also returned to the Show to present unpolished and uncut precious stones.

cushion vivid pink sapphire from US exhibitor Shaun Gems International (Booth: 1-A16); a purplish-red spinel from Swiss exhibitor ALine GmbH (Booth: 1-C16); and neon mint tourmalines from Ukrainian exhibitor VitaliiGolokoz, Pte (Booth: 1-A27). With Hong Kong becoming a major trading and distribution centre for pearls, the Treasures of Ocean zone was set up to showcase quality pearls from Tahiti, the South Seas, Japan, the Chinese mainland, the Caribbean and other pearlproducing regions. Another highlight zone Rough Stones & Minerals had also returned to the Show to present unpolished and uncut precious stones.

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SHOW TIME The HKTDC organised 115 mainland and overseas buying missions comprising over 9,800 buyers from more than 8,000 companies from 75 countries and regions to visit the shows. To let industry practitioners capture the latest trends, the HKTDC organised a series of seminars and buyer forums, topics include “New Diamond Findings and Developments from the GIA Laboratory”, “125 Years since the Invention of Cultured Pearl” and “The Latest Development and Opportunities in the Belt and Road Markets”. The HKTDC also arranged business matching sessions on-site to create more business exchange and opportunities for the visitors.

As a major global sourcing platform for jewellery, the Show featured 22 group pavilions of countries and trade organisations, representing Australia, the Chinese mainland, Germany, Italy, Myanmar, Pakistan, Sri Lanka, Thailand and the United States; and prominent trade organisations such as the Antwerp World Diamond Centre (AWDC), the International Colored Gemstone Association and the Tanzanite Foundation.

Buying missions to generate more business opportunities The HKTDC organised 115 mainland and overseas buying missions comprising over 9,800 buyers from more than 8,000 companies from 75 countries and regions to visit the shows. To let industry practitioners capture the latest trends, the HKTDC organised a series of seminars and buyer forums, topics include “New Diamond Findings and Developments from the GIA Laboratory”, “125 Years since the Invention of Cultured Pearl” and “The Latest Development and Opportunities in the Belt and Road Markets”. The HKTDC also arranged business matching sessions on-site to create more business exchange and opportunities for the visitors.

Jewellery Show opened at HKCEC The 35th Hong Kong International Jewellery Show opened on Thursday and was run for five days (1 to 5 March) at the HKCEC. It featured a broad spectrum of finished jewellery products, including exceptional jewellery collections, premier brands, antique jewellery and new designer brands. Several thematic zones was set up, including the Hall of Fame, which showcased the collections of renowned jewellery brands; the Hall of Extraordinary, which presented the most exquisite, valuable and unique jewellery pieces; the Designer Galleria, which gathered youthful, trendy and high quality collections; the World of Glamour, which demonstrated the expertise and artistry of the Hong Kong fine jewellery sector; the Treasures of Craftsmanship, where jewellery and art converge; and the new zone IT Solutions for Jewellery. The two shows created synergy and offered buyers an effective, one-stop sourcing experience. In addition, there were a variety of networking events during the Show, including a gala dinner sponsored by the Tanzanite Foundation on Thursday night (1 March). Under the theme “Roman Constellation”, the dinner featured a menu curated by Gianni Favro, an award-winning chef of the Virtual Group of Italian Chefs (GVCI). Along with special performances, local and international guests of the evening had ample opportunities to network. There were also multiple jewellery parades during the shows to demonstrate exhibitors' superior offerings to global buyers and to maximise exposure.

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CLOSER TALK

It is key for us, as a global player, to be at Baselworld. - Nathalie Colin, Swarovski Creative Director

“Creativity is in the air” From your point of view: What significance does Baselworld have for Swarovski? Nathalie Colin: Even though we design and conceive our watches as true fashion accessories, they all feature expert craftsmanship, Swiss-made quality and refined details. For that reason it is key for us, as a global player, to be in Baselworld to present our novelties and innovations to international buyers, press and public. Participating in the fair since the launch of our first watch collection in 2009 definitely helped us gain credibility on the timepiece scene, and it gave us a fantastic opportunity to show the world how much the brand cherishes brilliance for all, offering watches in a rich variety of styles from timeless to on trend, for all personalities and across occasions.

What do you expect from this year’s Baselworld edition? Nathalie Colin: I am thrilled to be here this year, we have some exciting new lines to unveil, starring the Crystal Lake family which features an amazing dial made of a single piece of faceted sapphire crystal. So once more, we demonstrate that style and technical expertise can harmoniously join forces. Generally speaking, I look forward to the excitement of the fair, to the rich exchanges and feedbacks we get from various stakeholders, to the creativity we can feel in the air … and I must say it is very energizing to do so on our dazzling booth, which for sure remains one of the most eye-catching ones of the entire fair.

Courtesy : Baselworld Heera Zhaveraat | March - 2018 | 58

IN LIME LIGHT

At a star-studded red-carpet event in New York City, world-renowned Swiss watch brand Breitling celebrated the launch of its new Navitimer 8 collection and exhibited 60 vintage watches for the first time ever in North America. More than 300 distinguished guests from Australia, Latin America, Canada, and the United States were welcomed by Breitling’s new global CEO, Georges Kern, who introduced his vision for this storied brand’s latest chapter in a beautiful setting against the backdrop of the iconic New York City skyline. Houston Astros World Series pitchers Justin Verlander, Dallas Keuchel and Lance McCullers Jr., motocross champion Ken Roczen, former NFL quarterback and CBS NFL commentator Boomer Esiason, former astronauts Mark and Scott Kelly, and American actors Darren Criss, Olivia Munn and Armie Hammer were also in attendance for the festivities.

eorges Kern, who was named CEO of Breitling in the summer of 2017, recounted the brand’s rich heritage to the assembled guests at the seated dinner, and committed himself to taking Breitling into what he described as “a legendary future.” He added that he was particularly excited about the newest product line. “I am very proud that tonight we will unveil the new Navitimer 8 collection,” he said, “which is a salute to the brand’s innovations and accomplishments in the pioneering days of aviation.” The guests were excited to experience the newest watches and were impressed by the carefully curated collection of 60 vintage watches showcasing Breitling’s remarkable legacy. At the afterdinner party, they had the opportunity to immerse themselves in the brand’s rich heritage and precision watchmaking techniques through a series of interactive activities that highlighted the brand’s design, innovations, and pioneering achievements.

Breitling’s Newest Collection: Innovating into a Legendary Future Breitling launched a brand-new collection at the event as a tribute to Willy Breitling and the Huit Aviation Department he founded in

Georges Kern CEO Breitling and Jacques Bothelin leader of the Breitling Jet team

1938. Its name is an allusion to the number “eight” (huit in French), which Willy Breitlingchose as a reference to the eight-day power reserve that was considered essential for onboard timekeeping instruments on planes, but not necessarily for the wrist chronographs of that era. The new collection has been built on the legacy of the Breitling brand and its earliest pilot’s watches, and signifies a historic milestone on the company’s path to a legendary future.

An Extraordinary Moment: The Future Is Revealed and Classics Are Admired Another highlight of the evening was Breitling’s opportunity to welcome chronograph collector Fred Mandelbaum to New York City, who brought a selection of 60 of his classic vintage Breitling watches to the celebration. The combination of the debut of the Navitimer 8 collection and the display of Fred Mandelbaum’s60 timeless masterpieces allowed guests to not only gain a glimpse into the rich history and heritage of Breitling, but also into the brand’s promising possibilities for the future. n Breitling and Norton Motorcycles

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CELEBRITY QUOTE

“I’m preparing for Baselworld with statistics and sales documents.” KIM-EVA WEMPE CEO of Wempe Jewellers

“Quality can be seen and felt.” Kim-Eva Wempe talks about quality, jewellery premieres, and whom she would like to meet at the next Baselworld.

What was the most important premiere in your life? Kim-Eva Wempe: The “Cosmora by Kim” jewellery line, inspired by metropolises around the globe, consists of thirteen fantastic one-ofa-kind rings. I don’t only love this masterpiece of haute joaillerie, I also fondly recall its premiere in Berlin in 2014. To present the rings to the journalists, we created twelve different stagings and transformed the Jandorf department store in Berlin-Mitte into a magical world.

Which “first time”, i.e. which premiere, awaits you in the future? Kim-Eva Wempe: My first rally behind the wheel of my “youngtimer”. I don’t yet know which rally that will be! My Fiat Spider Volumex is still rather young, so it wouldn’t be eligible to participate in the Mille Miglia, for example. While I look for a suitable event, I’ll continue to drive my convertible only in Hamburg.

How do you recognise quality? Kim-Eva Wempe: Quality can be seen and felt in the craftsmanship. Genuine quality results from excellent craftsmanship and it especially manifests itself in the love for details.

Baselworld: Which human qualities do you particularly value? Kim-Eva Wempe: Conscientiousness!

What constitutes the quality of a watch or a piece of jewellery? Kim-Eva Wempe: Quality manifests itself when the watchmaker’s craft and the goldsmith’s art interact with high-quality materials, e.g. gold and platinum, diamonds or emeralds. And the idea, i.e. the design, also makes an essential contribution to quality.

Whom would you like to meet (at Baselworld) and why? Kim-Eva Wempe: I’d like to talk with the designer Marc Newson. He contributed to the design of the Apple Watch and, before that, he designed several variants of JaegerLeCoultre’s fascinating “Atmos”. He was already impressed by mechanical watches as a child, and as a teenager he was enthusiastic about Patek Philippe and ultra-slim watches from Piaget. This tension between modernity and mechanisms interests me. What inspired him in his work on the Apple Watch? Was he also influenced by the traditional watchmaker’s craft? These are questions that I’d like to discuss with him.

How are you preparing for Baselworld 2018? Kim-Eva Wempe: Very objectively: with statistics and sales figures. Before I go to Baselworld, I need to know what items were especially well received by our clientele, what we ought to augment in our assortment, and which purchasing volumes we’re planning. I usually search for inspirations and ideas on trips in advance of the show.

In the fourth generation, Kim-Eva Wempe has, since 2003, managed the fortunes of the homonymous, traditional, internationally active, Hamburgbased jewellery business, which was founded in 1878. Heera Zhaveraat | March - 2018 | 60

CELEBRITY QUOTE

“The more we network with one another digitally, the more important eye contact becomes.” JEAN-CLAUDE BIVER Head of the watch division at LVMH (Hublot, Zenith, TAG Heuer)

“Quality is the Sum of its Parts.” What was the most important premiere of your life? Jean-Claude Biver: Without a doubt, the most important premiere of my life came in 1983 with Blancpain’s first watch with moon phase and complete calendar. The second important premiere was Hublot’s Big Bang. And fortunately, there was also a third: namely, Zenith’s Defy 21.

What important premieres will we experience at Baselworld 2018? Jean-Claude Biver: Zenith’s Defy Inventor, Hublot’s Ferrari Techframe II and TAG Heuer’s Grand Carrera 2018.

Jean-Claude Biver talks about outstanding premieres, the qualities of a watch, and the importance of Baselworld.

How do you recognise the quality of a watch? Jean-Claude Biver: Design, material, craftsmanship and calibre each influence the quality of a watch. One cannot differentiate the various percentages which each aspect contributes to the overall quality because the product and its quality are the sum of their parts. It is clear that one or the other element plays a greater or smaller role in the various models offered by a particular brand. But ultimately, nearly all parts must be equally represented in a product.

Baselworld offers opportunities to meet people from around the world. Why is this especially important in today’s digital era? Jean-Claude Biver: The more we network with one another digitally, the more important eye contact and personal contact become. That is what gives meaning and importance to events such as Baselworld.

“One does not really know a company until one has slept a night there.” Jean-Claude Biver has an unerring sense for the DNA of watch brands and he has a unique ability to make them blossom again. After reviving Blancpain and working for a time at Omega and Hublot, he became Head of the watch division of the LVMH Luxury Group (TAG Heuer, Hublot und Zenith) in 2014.

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CELEBRITY QUOTE

“ I always look forward to the future!” Thierry Stern talks about quality, the premieres at Baselworld 2018, and the new generation of customers. Which premiere can be experienced only at Baselworld 2018? Thierry Stern: The complete Rare Handcrafts collection is presented only during the show. These exclusive and unique timepieces are usually ready just in time for the opening of Baselworld. Thereafter, many of these timepieces leave our workshops for delivery, so the show offers a rare opportunity to see this amazing collection in its entirety.

How do you prepare for Baselworld 2018? Thierry Stern: It’s always intense because everything is ready only at the very last minute, but it’s also a time of very positive energy for me and the entire team involved at the show.

What does quality mean to you personally? Thierry Stern: Quality means everything to me. It is one of our most important values, for us as a company. And for our customers, quality is an integral element of a watch.

Is there anyone in particular whom you would like to meet in your life? What would you ask him or her? Thierry Stern: My future clients ... let’s say, in 20 years, to talk watches with the new generations of clients, to see how they think and what they like, and to become inspired for future creations. This is my passion and I always look forward to the future!

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Founded in 1839, the traditional Patek Philippe watch manufacture has been run by its owners, the Stern Family, since 1932. Thierry Stern has been the president of the family business since 2009. Under his leadership, Patek Philippe combines traditional craftsmanship with innovative materials and new technologies. The results are watches that are considered to be the most sought-after in the world.

CELEBRITY QUOTES

“B aselworld offers a global message that digital means cannot relate.” FRANÇOIS THIÉBAUD President Tissot

“ There is no better way to discover a product” François Thiébaud talks about the importance of Baselworld and products of exception.

Which important premiere will we experience at Baselworld 2018? François Thiébaud: One first is the fact that Baselworld will be shorter this year, going from eight to six days. Thanks to the internet, communication nowadays is much faster and allows us to communicate on our new products worldwide within seconds. It is therefore only natural we would adapt the length of the exhibition to the needs. However, Baselworld remains extremely important, as there is no better way to discover a product than to be able to see, feel and experience it for yourself. Furthermore, every brand has the opportunity to communicate their clear message and present its products in one place, which allows to exchange ideas and to truly discover the world of watchmaking. It is a place of excellence to discover watchmaking.

How do you recognise quality? François Thiébaud: Quality is about ensuring the best from start to finish. It is about having the best material for the creation of a product and an excellent assembly, whether it is automated or handcrafted. That is what will produce a product of exception. It will then also need to be associated to a qualitative message to finish it all off.

What would you like to experience at Baselworld 2018? François Thiébaud has been member of the Swatch Executive Group Management Board since 2006, with responsibility for Tissot, Mido, Certina as well as Swatch Group Brazil and the Swiss market. He is also President of the Baselworld Swiss Exhibitors Committee and member of the Baselworld Consulting Committee.

François Thiébaud: Baselworld is a central meeting place, where all the actors of the sector come together, from production to distribution and even clients, consumers and enthusiasts. They come to discover the richness of the industry. Baselworld remains a unique place not only to look but to discuss, exchange and feel all the emotions behind the products, the brands and even just the atmosphere of the exhibition. Baselworld offers a global message that digital means cannot relate.

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CELEBRITY QUOTE

Dear Mr Meier, what do you expect from Baselworld this year – and what can we expect from Glashütte Original? Thomas Meier: “We are travelling with high expectations to Baselworld, where we again intend to present interesting new products. As a preview to the upcoming trade show, we have already unveiled one of our new models. This wristwatch is a new variant of our innovative time-zone watch, the Senator Cosmopolite. We are introducing this model in a stainless steel case for the first time. Arabic numerals to indicate the hours are another new detail. We are indeed very eager to see how our guests respond to this model and to our other new products that we will present at the show.”

SASCHA MOERI TALKS ABOUT 130 YEARS OF CARL F. BUCHERER, AN INNOVATIVE TOUR BILLON AND THE YEARNING FOR ENDURING VALUES. Which premieres from the house of Carl F. Bucherer can one experience at Baselworld 2018? Sascha Moeri: We are unveiling a world innovation: the Manero Tourbillon DoublePeripheral, which reconfirms our innovative strength. In the context of celebrating our 130th year, which we begin at Baselworld, we are also showing choice vintage watches from the Carl F. Bucherer Museum. These timepieces lead their viewers through 130 exciting years of watchmaking history.

How are you preparing for Baselworld 2018? I like to compare Baselworld with the Olympic Games or a World Championship, in which we compete as a unified team. I see myself in the role of the trainer, where all the various aspects come together and who appropriately prepares himself and his team for the show.

What does quality mean for you personally? For me personally, quality is a concept that conjoins a number of different values. Sustainability, authenticity, history and stability all contribute toward creating a perception of quality. In a fast-paced era like ours, I believe that the yearning for enduring values is greater than ever.

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Is there someone you would like to meet, either in your life or at Baselworld? What question would you ask this person? Especially on the occasion of our 130th anniversary, I would be particularly honoured to meet our founding father Carl Friedrich Bucherer. The first questions I would ask him: “Which place in Lucerne means the most to you? And what is the personal history of your favourite watch?” I would proudly show him how the store that he established in 1888 has grown into an internationally successful watch brand with presences in more than 25 countries and over 350 points of sale. Established in 1888, Carl F. Bucherer is an international Swiss watch manufactory with its headquarters in Lucerne. The brand is a member of the Bucherer Group, over which Jörg G. Bucherer presides in the third generation. Sascha Moeri has directed the business as its CEO since 2010.

CELEBRITY QUOTE

FOPE PRESENTS EKA TINY IN BASEL This Italian brand is acknowledged as one of the leading innovators in the jewellery industry. Headquartered in Vicenza, the manufacture is primarily renowned for its signature collection, “Flex’it”, a patented flexible gold weave with a spring system concealed invisibly inside it. The Eka Tiny Flex’it collection is brand new this year. The flexible gold weave enables Fope to fabricate these especially slim bracelets, which were formerly not technically feasible. Many months of developmental work were necessary to mature these bracelets for serial manufacturing. Now they celebrate their world premiere in Basel. “Baselworld is always the year’s most important show for Fope because this event attracts the majority of our international customers”, says Fope’s Marketing Director Giulia Cazzola, who directs the manufacture in the fourth generation. “Baselworld remains our key date. It gives us opportunities to meet our best customers, to show them our latest new products, and to discuss strategies for the new year.” Giulia Cazzola directs Fope, the Italian jewellery manufactory, in the 4th generation.

SHINJI HATTORI, CHAIRMAN AND CEO OF SEIKO WATCH CORP., GIVES A TASTE OF BASELWORLD 2018 What can visitors at Baselworld look forward to discovering at Seiko’s stand this year? Shinji Hattori: Baselworld is the occasion on which we release our 2018 collection to the world for the first time. Retailers, watch lovers and media alike look to Baselworld as the moment where they can see the very best and most upscale watches. Visitors to the Seiko Pavilion will therefore be able to see the very latest and best and most prestigious new creations, in both Grand Seiko and Seiko.

What are you personally looking forward to at Baselworld 2018?

new collections to more visitors than ever. Thanks to the more concentrated format, we hope that we can convey to our guests a deeper understanding of the Grand Seiko and Seiko worlds.

In your opinion, how important is Baselworld for the industry? Baselworld remains by far the watch industry’s most important event and we view it as a vital landmark in our year. We will hold around 700 individual meetings with customers and media representatives at the Seiko Pavilion this year. Only Baselworld gives us this great opportunity.

The new format of Baselworld will mean that visitors will be able to spend more time at the stands of the most important brands, and we therefore look forward to being able to show our Heera Zhaveraat | March - 2018 | 65

CELEBRITY QUOTE

FRANCOIS GRAFF, CEO OF GRAFF, ON NEW MÉTIERS D’ART PIECES, THE STRIVE FOR HOROLOGICAL INGENUITY AND A PASSION FOR JEWELS Which important premiere will we experience at Baselworld 2018? Francois Graff: This year we have a number of exciting launches to unveil at Baselworld, including two important métiers d’art offerings, for ladies and men. The Graff Floral is a ladies’ automatic timepiece that features a kinetic floral dial, combining imaginative aesthetics with complex watchmaking. For men, we have created a series of unique MasterGraff watches inspired by Japanese art and culture, showcasing some of the world’s most intricate artisanal craftsmanship. In addition to these timepieces, we will also have several unique jewellery watches on display, which are the result of a close collaboration between our London jewellery atelier and Graff Luxury Watches in Switzerland.

How do you recognise quality? We operate at the pinnacle of the luxury jewellery industry. Our diamond and gemstone experience, coupled with our access to the rarest and most exquisite stones through our vertically integrated network, means we are surrounded by the world’s very best quality diamonds and manufacture every day. Perfection is our benchmark; it’s what our clients expect, and only perfection will suffice.

What would you like to experience at Baselworld 2018? Baselworld brings together the finest luxury brands of the very highest calibre, and gives us the opportunity to develop the expansion of our business on a global level. We always hope to make strong sales from both new and existing partners,

contributing to our sustained trajectory of growth.

How do you prepare for Baselworld 2018? Much preparation goes into our attendance at Baselworld, beginning in our design studio and at Graff Luxury Watches in Switzerland, where the initial concepts are developed for the pieces that we will present. A lengthy collaborative process then ensues, ensuring that the timepieces we unveil are a pure distillation of our brand – they must epitomise horological ingenuity, impeccable diamond setting and creative flair. We remain a family business, and each member of the Graff team applies their knowledge, skill and passion to ensure that we present the world’s most fabulous jewels and watches.

Is there anyone in particular whom you would like to meet at Baselworld or in your life? What would you ask him or her? One of the most enjoyable elements of Baselworld is its ability to bring together the industry’s finest minds – you never know who you might bump into while exploring the stands of other prominent brands. This creates a fascinating melting pot of ideas, opinions and innovation – a truly inspiring environment. Graff was founded by Laurence Graff, Order of the British Empire, in 1960, the company remains a family business with Francois Graff as CEO. Today, after more than five decades at the pinnacle of the luxury jewellery industry, Graff continues to push the boundaries of ever-greater innovation and excellence. Graff has also developed a luxury watch division combining imaginative design and exceptional Swiss engineering to create captivating watch collections and bespoke timepieces.

Mr Linder, what surprises does Mido have in store for us in 2018? “Celebrating its hundredth birthday in 2018, Mido especially showcases its traditional values, which have always been the basis for the brand’s success, even though the world has changed enormously. These values are innovation, aesthetics and functionality. The product per se has always enjoyed top priority at Mido. That’s why it’s not surprising that we are celebrating this anniversary with a large number of exclusive watches for the friends of the brand.”

Franz Linder, president of Mido

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DESIGN TOUCH

Taimyr Peninsula at $4.4bn JV

ussia is on track to overtake South Africa as the world’s largest platinum producer after its two mining giants Norislk Nickel and Russian Platinum this week announced that they are to invest $4.4bn in a joint venture to develop some of the richest known precious metals deposits on Siberia’s Taimyr Peninsula. The deposits contain proven ore reserves of 4,300 tonnes of platinum and palladium , they said, and the JV will hold three mining licenses to deposits in the Norilsk Industrial District in the Krasnoyarsk region. The deposits are close to each other, creating “one of the world’s largest clusters for the production of platinum and palladium,” according to Musa Bazhaev, president of Russian Platinum. ‘ The joint venture will start operations at the end of this year and is targeting eventual annual production of 70 to 100 tonnes of platinum and palladium starting in 2020, he added, reversing a trend that saw output drop last year and set to do the same in 2018 , largely due to South African production falling due to mine closures. After hitting a seven-year low in 2016, platinum prices rose by 5% the World Platinum Investment Council (WPIC) reported last November – but lagged palladium, which jumped by 45% overtaking platinum for the first time since 2001.

Both metals are used in the vehicle industry for emissionscutting catalytic converters but platinum is used more in diesel engines which have fallen out of favour following the Volkswagen emissions scandal in 2015. It is also increasingly used in jewellery with double-digit growth in India and a stable market in China expected to drive demand up by 3% this the first rise since 2014, while a rebound in demand from the petroleum and glass sectors is projected to raise industrial usage by 9%. n

2018 BASELWORLD PREVIEW Expanding the Xpandable™

he success of the Xpandable™ rings and bracelets has been nothing short of remarkable after it was introduced in early 2016. “In just a couple of years Xpandable™ rings and bracelets have been embraced all over the world…not only by women who have fit and comfort challenges, but also by women who appreciate that ‘fashion fits on every finger.’ says Giuseppe Picchiotti, founder and president of the Italian-based company. Picchiotti is now expanding the Xpandable™ Collection to include outstanding new center stone rings. “For the next generation of Xpandable™ rings we have created an even higher range with innovative design and precious center gemstones” continues Picchiotti. The XPANDABLE™ Collection, the first of its kind in the Fine Jewelry arena, is a revolutionary new line of diamond and gemstone jewelry that uses innovative - and invisible - technology to expand and contract, solving a myriad of comfort challenges. The complete collection will be unveiled at BASELWORLD 2018 – 22nd–27th March 2018 – where PICCHIOTTI will be located in Hall 1.1. Booth No. D71. In the meantime, to learn more about Xpandable™ rings and bracelets, and to see a video demonstration, please visit www.xpandable.it. n

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BRAND WATCH

TOURBILLON “TOMORROW” In 2017, the Alexander Shorokhoff watch manufacture has celebrated its 25th jubilee. And for this special occasion some exclusive watch models have been created. The tourbillon “Tomorrow“ is one of them.

y making this watch the designer Alexander Shorokhov remained true to his principles. The extraordinary futurist design is well suited to the shaping of his successful watch collection “Avantgarde“. And it is not purely coincidental that the name of the watch is “Tomorrow“. The exceptional futurist design of this watch has been modelled on nature. It can be interpreted in several ways being similar to a cobweb, a bat or something other. However, the plan of Alexander Shorokhov was to make a decentralized front side. The centre has been shifted with the focus now on the brand’s logo due to the celebration of “Alexander Shorokhoﬀ’s” 25th anniversary. The lines are neither straight nor passing proportionally, they are showing a strong individualism and intensifying their importance. The lower part of the dial is colored in a pleasant blue tone and have a sun beams polishing. Despite the multitude of elements and the displaced centre, the watch guarantees clarity with clear demarcation of the gold-plated hour marks as well as contrasting watch hand that stands out from the background of the dial. All in all this design brings something new into the “Avantgarde“-collection completing it by another highlight. The watch movement is a hand winding tourbillon of the well-known company “Concepto” of Switzerland. The movement bridges have been hand-engraved by the manufacturer “Alexander Shorokhoﬀ“ and returned to Switzerland for inal assembly. The watch “Tomorrow“ will be produced encased in 18 ct. rose gold or in stainless steel and is limited to 5 pieces of each dial version worldwide. 

6 ARGUMENTS FOR A WORLD RARITY Unique Chrono-Regulator by “Alexander Shorokhoff”

mmediately, at irst sight the new Chrono- Regulator-Skeleton fascinates with its innovations in design and engineering. The aim of the designer and producer Alexander Shorokhov was to prove that even in a “skeleton” version, a Chrono-Regulator can be functional and of great readability. The Chrono-Regulator presents a rare execution of a mechanical chronograph – this fact can serve as i r s t a r g u m e n t fo r m a k i n g i t collectible for every watch enthusiast. The displays for hour, minute and second are placed at three separate locations: The minute display is located at 6 o’clock and the second display is located at 9 o’clock. In addition to this there is also the timer feature with two hands: The large second hand from centre and the small minute hand counting the minutes at 3 o’clock. Due to the blued hands and the clear division of time, time is easy to read. Another feature is the rhodium-plated and skeletonised date indicator dial. In order to see the date clearly in one position, a special bridge with a small window was developed and applied at 6 o’clock. On the plate below this window is a circular area that was covered in a thin layer of dark blue enamel to increase visibility. Such a date indication is unique and only made by the Alexander Shorokhoﬀ watch manufacturer – this can be counted for the second argument in favour of the “world rarity”. 

KANDY CLASSIC Elegant and of enduring beauty in “Alexander Shorokhoff“-style

esides the unusual „Kandy”-watches with guilloched dials, the Alexander Shorokhoﬀ watch manufacturer has produced two elegant models of this watch line in classic style. Actually, it is contradictory to interpret a watch in a square case as a classic and timeless beauty. It is exactly this idea behind the model and many other watches of the “Avantgarde”-collection by “Alexander Shorokhoﬀ“: to interpret things in a new way, to create controversially, to provoke. If this model turned out well, is in the eye of the beholder. Fact is that it does not break the ranks of the Avantgarde-line, but rather completes it with new attributes. Consequently, Alexander Shorokhov has once more proves that he is able to connect the contrasts of classical and modern art into one harmonious ensemble.  Heera Zhaveraat | March - 2018 | 69

JEWELLERY WATCH

MINI SWEETY CHOOSE YOUR OWN MOOD Clouds of colour, touches of beauty, portions of happiness? Whatever we call them, the delightful jewellery collection by the Belgian brand Bigli is a treat for the senses. An even larger range of colours and incredible effects: the smooth and gentle, round or triangular cabochons of the Mini Sweeties offer you a palette of 49 shades. All 100% natural, 100 % mineral. The rings, earrings and pendants are produced with the greatest care in 18-carat gold with the best quality diamonds and precious stones.

49 Colours Laurence Aerens and Thierry Spitaels have always dreamed of being able to offer every woman her ‘own’ piece. An individual talisman which is entirely unique due to the interplay of materials. In order to extend the range of colours for the mini sweeties, Bigli uses an age-old technique favoured by Italian gem workers layering. Precious stones are carefully placed in layers on top of each other, in order to create completely new fascinating colours. Subtle or very intense, velvety or with a lot of depth.

Variety is the spice of life Two shapes and two sizes, or even three for the rings, the collection is getting bigger and bigger. Just replace one colour in a trio of rings and itimmediately looks completely different. They combine perfectly with designs featuring a pavé setting or with arabesque motifs.

Earrings Nicki from € 3165 Bracelet Nicki from € 2485

NICKI THOSE GLORIOUS DAYS Nicki is a tribute to the mother of Bigli’s designer Laurence. A tribute to a woman whose style and attitude are a continuing source of inspiration. A woman who naturally radiates special power and beauty. A pure and strong presence. That is also how you could describe the jewels of this new collection. Pure 18 karat gold combined with colour gem combinations of Onyx, Agate or Lapis. Beautiful, pure and vibrant shapes. Heera Zhaveraat | March - 2018 | 70

This is the look and spirit of the glamorous 70ies coming back to life.

JEWELLERY WATCH

MINI WAVES PERFECTLY BRILLIANT Belgian jewellery brand BIGLI is celebrating its 20th anniversary in the business. This autumn Thierry and Laurence (the founders of the brand) are launching their new pavé line, the Mini WAVES. The new collection is a sequel of BIGLI’s WAVES from 2007. The Mini WAVES have the same undulating shape which intensifies the reflection of the diamonds. They are smaller and therefore perfectly suitable to combine on one finger, but of course they are also splendid as a single piece of jewellery! Four formats, four variations. The rings are available in white, yellow and pink gold combined with white, brown or black diamonds, either or not finished with black rhodium. The Mini WAVES are also available in four sizes. Finding the right combination thus becomes a fine challenge.

CHLOÉ A BEAUTIFUL STATEMENT Belgian jewellery brand BIGLI launches a new line: CHLOÉ. The power of women

Laurence Aerens, the woman behind Belgian jewellery brand BIGLI, got her inspiration for the new CHLOÉ collection from the atmosphere of the seventies, the years of her own youth.She named the collection after her youngest daughter because with Chloé she wants to tell a story about mothers and daughters. The round, explosive and irregular shapes are a reference to the unpredictable and unexpected nature of life itself. CHLOÉ is a wonderful tribute to the female spirit, to resilience and generosity. The CHLOÉ rings are available in three variations: A combination of stones in sparkling white: the rutilized Quartz Moonshine, A combination of stones in mysterious black: the Rutile in the Dark A combination of stones in sparkling green: the Green Lemon. The unexpected colours are the result of an ingenious superposition of different gems, including rutilized quartz, pearl, onyx and agate. Due to the volume and the curved lines, a sample of sublime craftsmanship of BIGLI’s grinders, the CHLOÉ rings are real statement rings. The double golden curve of the ring ensures a contemporary and innovative design.

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BRAND WATCH

Firshire Megarotor GMT Collection F O R T H E G E N T L E M A N T RAV E L L E R The lastest edition in the Firshire Collection Paul Picot is proud to present the new Megarotor GMT, the latest model of the Firshire Collection. This Worldtimer combines the innate timeless elegance of the brand with exceptional horological complications - an authentic instrument for the wrist of elegant globetrotters. Travelling lifestyle at its finest The Worldtimer GMT is the ideal tool for the jet-setting lifestyle. The 24-hours hand with the red arrow indicates the time (day and night) of your residence’s place. With the 2 “chronograph”-style pushers, you will easily adjust the time of your destination. At any moment, the traveller has an eye on all time zones. This refined movement is fitted with the Paul Picot exclusive “Megarotor” – an in-house conceived oscillating weight which reduces the winding time by 20 % compared to a standard rotor. The Megarotor is made of a heavy tungsten alloy and is decorated with 18 ct solid gold plate. For every time, for every taste Available in 18 ct rose gold or in stainless steel, the Megarotor GMT offers a pleasing variety in term of colours and appearances. The cutting-edge dials combined with attractive alligator straps colours, give a unique freshness and a contemporary touch to this metropolitan masterpiece. The frequent flyers and collectors have a wide choice: from the very stylish anthracite grey and elegant deep blue to the romantic tropical champagne and antique rose. To crown it all: an intensive shade of red. Heera Zhaveraat | March - 2018 | 72

BRAND WATCH

T E C H N I C A L F E AT U R E S Movement: self-winding world timer GMT movement, calibre PP 1460. Megarotor: exclusive Paul Picot oscillating weight in 18 ct rose gold & tungsten alloy, 28.800 vibrations/h, 42 hours power reserve and 21 rubies. Functions: local time with 24 hours indication (day and night), world time with 12 hours indication. Case: 42 mm diameter, 12.5 mm thick, 18 ct rose gold or stainless steel. Antireflective sapphire crystal. Case back: sapphire case back secured by 4 screws. Water-resistance: 50 meters. Crown: 18 ct rose gold or steel. Dial: gloss lacquered, applied numerals, applied indices with superluminova, applied half mat world continents (west and east version). 5 different colours: anthracite grey, deep blue, champagne, antique rose and red. Hands: dauphine shape (rose gold plated or stainless steel). Strap: alligator, size 22x18 mm. Colours: black or light grey, midnight blue, dark brown, honey brown and red. Buckle: pin buckle for the 18 ct gold model and folding buckle for the steel version. Limited Edition: 88 pieces each.

Inspired for Excellence Paul Picot tagline perfectly summarises the philosophy of the brand headquartered in Le Noirmont (Swiss Jura). Since its inception in 1976, the goal of Paul Picot has been to cultivate and develop the traditions of Swiss fine luxury watchmaking by manufacturing exclusive timepieces which have the power to surprise and inspire emotions. A continuous search of excellence to meet the aspirations of demanding clients and connoisseurs from all over the world.

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SPECIAL FEATURE

Winner determined for She said YES! contest!

lrosa, the world's largest diamond mining company, summed up the results of the contest “She said “YES!” and chose the most interesting idea of a marriage proposal. A young man from Moscow has become a winner. His name and the idea will remain a secret not to ruin the surprise for his dearie. He will receive a diamond ring as a reward to translate the idea into reality. Alrosa plans to follow the developments and shoot a video based on the winner's script with participation of real characters. The company has reviewed about 100 applications. The most common idea was the proposal during scuba diving: according to scripts, the girlfriend should find a ring in a seashell on the seabed. A few more participants want to propose at the soccer matches during the 2018 FIFA World Cup, as well as on the plane or in the

movie theatre, having bought out all the seats in the hall. The interesting ideas also include a proposal on the shore of Lake Baikal, at the knight's tournament and during the gondola ride through the canals of Venice. One of the participants plans to get a "star from the sky" - a bright diode with a ring attached to it. “Our expert committee has reviewed many interesting applications that came to our e-mail address from different cities of Russia - from Moscow to Khabarovsk. We were amazed by the number of responses and the variety of sincere ideas full of love and romance. This once again confirms the fact that the tradition of engagement rings continues to be formed in our country and people are capable of beautiful deeds for the sake of their loved ones. After all, the diamond is a true symbol of love and loyalty”, Dmitry Komendantov, Deputy Head of the

Ace your style game!

Marketing and Public Relations of Alrosa said. Alrosa's competition started in December 2017 and is a part of generic marketing campaign aimed at educating consumers and creating a culture and traditions of diamond jewelry consumption. Smolensk Diamonds, a subsidiary of Kristall Production Corporation, a long-term buyer of Alrosa's rough diamonds, manufactured the ring for the winner of “She said “YES!” contest. n

Men’s jewellery collection

he brand new fad of “un-gendered fashion” is already turning heads. Keeping in mind the latest style, Pristine Fire has launched its latest trinket collections for men. Men’s Jewellery has boomed in recent years, when it comes to jewellery, men can experiment with quirky shapes and numerous patterns. Today’s modern man loves to experiment with accessories to highlight his grandeur and mannish appeal. He has a soft spot for simple and sophisticated fashion. Jewellery for men often reflects their attitude and personality. Pristine Fire’s men’s collection encompasses the classic masculine features that are symbolic of sophistication. Wedding bands is the most preferred piece of fine jewellery that men typically wear. Pristine Fire has ample of choices in wedding/couple bands for men. One can never wrong with traditional rings with a tiny diamond set on it. No matter what a man's style, taste, and age, every guy needs a good pair of ring to complement his look on special occasions. Heera Zhaveraat | March - 2018 | 74

Likewise a gold bracelet looks very striking and masculine. The latest bullet collection of Pristine Fire goes on to amp his personality and exudes confidence that infuses his surroundings. This collection boasts of cufflinks, bracelets and belts, crafted exclusively with bullet design engraved in 18k gold and embedded with diamonds. Pristine Fire offers men’s jewellery at an affordable price, without compromising on quality. There is a plethora of jewellery options on Pristine Fire for him, which will suit his interests, taste, personality and comfort. Add a touch of uniqueness and boldness to your look.

IN FOCUS

Precious Chopard collection presented! An exquisite metal and gemstone lacework

n the occasion of the Paris Couture Weekcommences from February 27, Chopard present a latest creations from the Precious Chopard collection. Designed as an exquisite metal and gemstone lacework, this as a perfect alliance between Haute Couture and High Jewellery. Timeless design enables Chopard to set its unique seal on a line epitomising its expertise and mastery of the jewellery-making art. A sparkling diamond lacework reveals the sensuality of the skin it adorns. Dazzling precious coloured stones twinkle in the light of the crystalline chandeliers of a ballroom, on an evening full of promise. The stellar radiance of a High Jewellery set in all its resplendent majesty. From the magic of festive evenings and whirling gowns, Chopard has drawn both the inspiration and the supremely graceful elegance of its signature High Jewellery. Peerless allure, an unparalleled sense of light and motion. Precious Chopard symbolises the quintessence of classic jewellery expertise and faithfully preserved traditions, nurtured by a new vision and exceptional creative boldness. These creations invite us to explore a fascinating universe of contemporary jewellery, illuminated by the energy and the visionary talent of Caroline Scheufele. A constantly renewed signature: Precious Chopard sets the stage for precious intertwining patterns where the radiance and power of precious stones reveal their aesthetic marvels. The result is a true ‘goldsmith’s wardrobe’, in which the delicacy of open worked fabric echoes the immaterial lightness of the gem setting as well as the architectural lines of this collection, weaving subtle ties between the world of Haute Couture and that of High Jewellery. These lines, harmonious and light, classical yet sophisticated, have become the unmistakable

signature of the Maison, embodying both its jewellery expertise and its creative genius. Among the creations composing this varied repertoire is a majestic diamond and tanzanite ensemble made up of a necklace, a ring and matching earrings. Another necklace unfurls its diamond lacework across a delicate cleavage, enhanced by the radiance of seven pear-shaped diamonds. The gaze also marvels at a remarkable diamond and ruby set comprising a pair of chandelier earrings and a choker whose lace-like diamond structure is dotted with heart-shaped rubies adorning this playful, precious and flamboyant creation. Chopard High Jewellery: The most spectacular Haute Joaillerie pieces are conceived in the heart of Chopard’s Geneva workshops. Thanks to its creative vision, the Maison has steadily developed the High Jewellery sector that is firmly rooted in the jewellery-making tradition of the Scheufele family. From designs through to production, artisans combine their skills to give shape to authentic works of art, where traditional craftsmanship meets cutting-edge technologies. These exceptional creations call upon the entire range of High Jewellery professions: designers, wax sculptor-jewellers, jewellers, gem-cutters, gemsetters, polishers… Transforming line into volume, from gold crafting to gemstone workmanship, they give life to these jewellery creations by pooling their respective talents – a complementary approach made possible by gathering more than 30 skills under a single roof.

A sparkling diamond lacework reveals the sensuality of the skin it adorns. Dazzling precious coloured stones twinkle in the light of the crystalline chandeliers of a ballroom, on an evening full of promise. The stellar radiance of a High Jewellery set in all its resplendent majesty.

A singular wealth that the Scheufele family carefully nurtures by passing on expertise from generation to generation, along with promoting training and the in-house integration of broadly varied professions. n

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STYLE QUOTIENT

tar and Best Supporting Actress winner Allison Janney, attends the 2018 British Academy Film Awards (BAFTAS) in London wearing Messika Jewelry. The actress looks stunning on the red carpet with the Isadora earrings from the « Paris estunefète collection » paired with a TOI & MOI ring from Messika's private collection and a Zelda ring. Emily Mortimer posed with the My Twin Toi&Moi earrings, at the 'The Bookshop' photo call during the 68th Berlinale International Film Festival at Grand Hyatt Hotel in Berlin.

Bellamy Young, was stunning with the Gatsby oval hoop earrings, Gatsby Ring and Move Romane double ring at the Los Angeles Premiere of A Wrinkle in Time.

Bellamy Young - A Wrinkle in Time LA Premiere

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IN VOGUE

Discover Dancing REVERSE REVERSE offers sumptuous variations of Dancing with jewels having sought-after details, rich manual decorations, shiny gold surfaces alternated with deep burin engravings giving silk effects. To all this preciousness we have applied one of the ideas that have always brightened up and rendered interesting and playful the most cultured design, fashion and craftsmanship, giving vivacity to Luxury: the transformation that reveals its double. n

Vincent Calabrese, Baselworld 2018: Pegasus "A dream turned into reality is another dream.”

he “Pegasus” is a technical tour de force for it requires the craftsman watchmaker to display the highest mastery of his art in order to actualize this unique movement. As for the engraver, he must immerse himself in the fine details while conceiving of others and yet avoid the risk of overwhelming the work as a whole. Gold and sapphire are the only possible materials for such a creation, producing as they do a splendid, dazzling play of light. And yet the profound nature of this creation reveals more than a mere virtuoso display—for it seeks to explore what is most precious in us: our dreams. What better companion than Pegasus in our journey of dreams? He took flight at the very beginning of mythology, and yet he enjoys the richest iconography in every era: the personification of water, the solar myth, the shaman’s mount, his link with the human

imagination was emphasized by the school of Carl Jung. In our own days, he is omnipresent in virtual games, the cinema and literature. Pegasus is an eternal myth, which is why he could not now be more real, more tangible. Vincent will be present at the AHCI’s stand located in Hall 2, Stand C15. One of Vincent Calabrese’s most notable achievements was the founding of the

Académie Horlogère des Créateurs Indépendants (AHCI) in 1985. Vincent is known throughout the world for his extraordinary creations. For example, in 1988, he was the first to produce a wristwatch with a flying tourbillon. He also created the Golden Bridge for Corum, as well as the Tourbillon and the one minute Carrousel for Blancpain. He is recognized by his peers as one of the greatest of living watchmakers. n

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FASHION FORWARD

FACTSHEET NIURA

rawing on his mastery of both jewellery and watchmaking, Swiss setter and goldsmith Andreas Altmann thrives on the challenge of creating unique and beautifully unusual timepieces. Following in the footsteps of the artistic sculptures steeped in history and brimming with emotion that he designed under his first brand, Giberg Swiss Noble Forge, the designer is now proud to present a new watchmaking brand specialising in state-of-the- art pieces inspired by art. Niura is an ode to sensual femininity and his first timepiece. The watch features hinges that allow it to perfectly encircle the wrist of its wearer. These articulated case edges enclose a 5N red gold casing measuring 35 mm across, with a transparent sapphire dial and caseback. The watch is powered by a Giberg Flying Tourbillon “Trilevis 6118” Manufacture Calibre, made in-house and designed to ensure a power reserve of 72 hours. A fine structure, entirely set with diamonds, links the edges of the case to the lizard leather strap, on which a diamond-studded drop balances delicately. Its original design and highly technical expertise make this a unique piece of time-keeping jewellery.

Dial Manual-winding mechanical movement, double-barrel Giberg Flying Tourbillon “Trilevis 6118” Manufacture Calibre, 21,600 Vib/h, Power reserve of 72 hours Features Hours, minutes, flying tourbillon Casing 5N red gold, 35 mm, diameter of the entire structure covering the 47 × 97 mm casing, ruby cabochon crown and second decorative crown positioned symmetrically, casing encrusted with 2,156 diamonds (8.7 carats) and 76 rubies. Water-resistant up to 30 metres. (3 bar/100 ft) Dial Glare-free glass and sapphire caseback Strap Garnet-coloured lizard leather. Red pin buckle encrusted with 68 diamonds

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FASHION FORWARD

GIBERG, THE MYSTICAL RENAISSANCE Biel/Bienne, 22 February 2018 – Five years after unveiling Ahton, his now legendary sculpture, master jeweller Andreas Altmann is applying his creativity and expertise to watches suffused with Haute Horlogerie. Timepieces that appeal not only for their style but also their watchmaking mechanisms. Like an extension of the Giberg Swiss Noble Forge, the new Giberg Haute Horlogerie brand is an elegant demonstration of its mastery of time, just as Ahton was proof of its artistic dexterity, and is a worthy guardian of unique expertise. Andreas Altmann’s exceptional and original watches will be unveiled at the forthcoming Baselworld show.

rimal, wild, a master of chaos, for many civilisations the dragon was symbolic of evil. For others, it was a protector or an emblem of life and power. Ahton himself symbolises the rebirth of ancient mystical powers. His name, of Nordic origin, signifies “he who sees, he who thinks”. His creator, the Swiss artist Andreas Altmann, has bestowed him with powers of interior conviction founded on the knowledge of his own strength. Ahton is a masterpiece of the most exceptional craftsmanship imaginable, and a unique sculpture entirely handcrafted by the artist and his Giberg Swiss Noble Forge team over a period of almost five years. Five kilograms of solid gold were required to produce the mystical beast, which is studded with 7739 diamonds weighing a total of 108 carats. As if captured in action, the dragon exudes the full power of his ferocity, with the eye drawn to his gleaming armour, his outspread wings, and the phantasmagoric fire he breathes from his savage mouth. Such power in Ahton’s artistic expression is due to the painstaking attention to detail, the strict use of materials and the undeniable expertise of Andreas Altmann’s team. The mythical beast Ahton is a worthy representative of Giberg Swiss Noble Forge, which strives to create unique pieces of the highest quality.

DEVOTED TO ART A trained goldsmith and gemsetter, Andreas Altmann endeavours to create individual pieces in highly limited editions, for which he has no limits when it comes to meeting a customer’s desires. The master jeweller uses the most precious materials available to create incredible sculptures, each influenced in one way or another by history. Wisdom, power, the strength and

courage of heroes, or the virtues are some of the subjects he chooses to give remarkable physical form. With its cutting-edge technical innovation and keen artistic vision, Giberg Swiss Noble Forge has become one of the world’s most accomplished specialists in handling and crafting the finest materials. This recognition is already a powerful affirmation of the haute horlogerie and joaillerie credentials of existing and future watches produced by the Giberg watchmaking brand.

GIBERG RENAISSANCE Giberg Swiss Noble Forge has imbued its new Giberg Haute Horlogerie brand with its artistic expertise and brought a new vision of the art of reading the time. The company’s static art is thus brought to life by the calibre of Giberg Haute Horlogerie watches. This hand-wound mechanical movement, entirely designed in-house by the brand, offers a 72-hour power reserve provided by two barrels that drive the flying tourbillon positioned at 6 o’clock. The transparent sapphire dial reveals the beauty of the watch’s mechanism, as it dances the light and gentle dance of time. n

«Giberg is the true expression of art, passion and innovation» Andreas Altmann

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INITIATIVES

The Bug’s Life Collection from The Bohemian It’s time to wear your kindred animal proudly! The unique Bug’s Life collection from The Bohemian by Mitaali Vohra is sure to make a statement with style and ooze ultimate élan! From fashionable one-of-a-kind pieces made from reclaimed materials to creative accessories for women, The Bohemian is known for its contemporary aesthetic and trendy accessories perfect for a modern day on-the-go woman. This collection is playful and inspired by nature with a symbolic motif of bees and beetles set in coloured exquisite Swarovski-crystals in pave style. The product in this range includes stackable bangles, dangler earrings, statement cuffs and rings. n

Pride Group of Hotels wins prestigious 10th Golden Star Awards, 2018 held at Taj Lands End, Mumbai on 14 Feb 2018 Pride Hotel shines at 10th Golden Star Awards where its 3 hotels won awards in various categories. Pride Plaza Hotel Ahmedabad won the award for best upper upscale Hotel in Ahmedabad. Best Boutique hotel in Bengaluru was awarded to Pride Hotel Bengaluru and Pride Hotel and Convention Centre Indore won the best upcoming hotel and convention centre in Indore. The award was received by Mr. Sachin Lagad, Regional Director of Sales (West), Pride Hotels Ltd and Mr. Sanjay Sharma, General Manager Pride Hotel and Convention Centre Indore. Sachin Lagad - For Pride Hotel Ahmedabad

Sanjay Sharma - for Indore

Mr. Arun Nayar, Executive Director, Pride Group of Hotels was presented with the Hospitality Superstar award in the above event. The event was attended by various famous personalities from hospitality industries. The Upper Upscale Pride Plaza Hotel Ahmedabad is situated at a prime location on SG Road in close proximity to the Business Hubs, Shopping Malls & tourist attractions. With 164 spacious and well designed rooms offering a choice of Deluxe, Premium, Superior Rooms and Suites, a one of its kind Spa and Wellness Centre, Swimming Pool, Round the clock Café, Pan Asian Restaurant, the hotel offers a confluence of seamless service and modern amenities for business, leisure and MICE travelers. The hotel offers an ideal blend of modern amenities with a traditional Indian touch. Pride Hotel Bengaluru is an upmarket Boutique hotel located in the heart of Bangalore. With famous tourist spots like Vidhana Soudha, Cubbon Park, Vishweshwaraya Museum etc. in the close vicinity

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makes it one of the preferred hotels in Bengaluru. It offers an exclusive blend of warm Indian hospitality with all modern comforts. The Hotel offers a full range of services which includes exclusive Food & Beverage outlets, Lounge Bar, Banqueting and conferencing facilities and a Wellness Center featuring a fully-equipped gym and a Spa. The Hotel has 100 elegant and well-appointed rooms offering guests the perfect amalgamation of traditional hospitality as well as modern amenities. Pride Hotel & Convention Centre, Indore is conveniently located on the Dewas Bypass Road. The Pride Hotel & Convention Centre, Indore is considered as the best upcoming hotel in Indore City offering lavish facilities. Designed for the modernday business & leisure traveller, the elegant and comfortable rooms offer distinct comfort and luxury offering all the amenities and facilities to make the visits stress-free and delightful. Pride Hotels resonate true Indian Hospitality. Being a genuinely Indian brand, people have taken pride in associating with it. Personalised service with Indian touch has helped Pride building a large base of loyal customers. The Pride Group currently has Pan India presence in Pune, Bengaluru, Chennai, Nagpur, Kolkata, Delhi – Aerocity, Ahmedabad, Jaipur, Goa, Vadodara, Dharamshala, Puri and Indore. Pride Group has a presence in all most all regions of the country offering world class hospitality standards, combined with excellent ambience and quality service. n

GLOBAL EDGE

Turkey retains edge in

Global Jewellery scene

urkish manufacturers remain a force to be reckoned with in the international jewellery market. Armed with a rich jewellery-making legacy and innovative spirit, Turkish jewellers are once again out to dazzle the world in 2018 as they move to further expand their global foothold through modernisation. Fuelled by solid sales in the gold jewellery sector, the Turkish jewellery industry stood its ground amid economic and political uncertainties in 2017. It also recorded sustained growth in the silver jewellery and jewellery mounting segments, while its loose diamond and diamond jewellery business started to gain steam in the market. Data from the Jewellery Exporters’ Association of Turkey or JTR showed that jewellery exports from January to November last year had already reached more than US$3 billion. This positive momentum also prevailed at the October 2017 Istanbul Jewelry Show – a yardstick to help measure the industry’s strength. Sirzat Akbulak, a manager at JTR, revealed that last year’s show was an improvement on the 2016 edition in terms of buyer quality and volume. “There’s a good volume of people who visited the show. It was busy and crowded with a good mix of buyers,” noted Akbulak. “We organised buyer missions from South America, North Africa and Malaysia, among others. We also arranged B2B meetings for them. It’s refreshing to provide a variety of clients and alternative markets for the jewellery industry.” Apart from a thriving local market, Turkey also exports to the Middle East, the US, Europe and Asia.

Emeralds from Ediz Dereli

“Our most sought-after products are still plain gold jewellery, followed by silver and diamond jewellery. The diamond sector is quite promising,” the JTR official added.

Developments Akbulak cited the ease of doing business in Turkey as a crucial factor in the jewellery industry’s growth. The lifting of a special consumption tax on loose diamond imports in 2015 paved the way for a stronger loose diamond trade while other regulatory reforms made it easier for companies to set up shop in Turkey. In the World Bank’s Ease of Doing Business Report 2018, Turkey moved a few notches up to rank 60 due to improvements in registering properties and access to credit. According to Akbulak, the gold and diamond sectors are benefitting from such reforms since these are attracting more investors. “It’s easier to do business in Turkey, and this is opening up new opportunities for the jewellery sector. Turkey is a rising jewellery hub,” he noted. In line with these developments, the jewellery industry also launched a fresh marketing and promotional campaign: Jewellery = Turkey. The new slogan capitalises on Turkey’s illustrious history in jewellery making, which dates back to 5000 BC, as well as Turkish jewellers’ ability to quickly adapt to the times. “We also started a social media campaign on Instagram, Twitter and Facebook to promote our new slogan. This is a novel approach. The industry is going digital, which means opportunities are limitless. We can’t keep doing things traditionally. The time for change is here,” noted Akbulak.

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GLOBAL EDGE Diversified portfolio Ediz Dereli, founder of his eponymous gemstone trading company, underscored the need to diversify to thrive in an ever-changing jewellery and gemstone business landscape.

In a separate interview, Ali Ramazan Santo, general secretary of the Istanbul Chamber of Jewelry (IKO), said Turkey offers buyers a unique combination of manufacturing know-how and modern business strategies. The 3,000-strong organisation opened the IKO Jewelry Centre, which conducts training sessions on gemstone-cutting, and an IKO gemmological laboratory last year. Both services were set up in collaboration with the Istanbul Development Agency. The lab, which is Turkey’s first domestic gemmological institute, is currently awaiting ISO accreditation, according to Santo. “Turkish jewellers are able to produce orders fast and on time. We also offer a massive portfolio of products in various designs from traditional, Ottomaninspired pieces to contemporary styles. Labour cost is cheaper here too, but the quality of the product remains high,” remarked the IKO official. “Our government also offers incentives for exporters.” This year, all chambers of jewellery in major cities such as Istanbul and Ankara, among others, will be housed under one unified body, according to Santo. “Every city has a different chamber of jewellery. Our plan will allow members to hold frequent meetings throughout the year as part of an umbrella organisation in order to discuss major issues in the jewellery sector,” he added.

Expertise Business was stable for Arpas AS in 2017, said the company’s regional marketing manager Mahir Heybeli, who noted that the local market showed slight signs of improvement compared to previous years. “Buyers are more confident this time around compared to 2016. People felt safer since the political situation is starting to stabilise,” he said in a separate interview. Arpas exports to 79 countries including the US and Europe – its best-performing markets – Russia, Asia and the Middle East. It also has a customer base in emerging markets in the Far East such as the Philippines, Malaysia and Indonesia. These markets, however, have recently slowed down. The jeweller specialises in lightweight and commercial products. Its fastest-moving items are 14-karat to 18-karat gold jewellery at competitive prices. “We are focusing on European buyers at the moment since business is weak in some emerging markets. This is the advantage of having a diverse customer portfolio,” noted Heybeli. Asian buyers prefer lightweight and sparkling gold jewellery pieces, which is why the diamond cut is popular with them, he added. American and European clients, meanwhile, are partial to lightweight, polished products that are less shiny. Heybeli said jewellers are wary of a number of factors that could affect the business such as gold prices and currency fluctuations in 2018. “If the US dollar continues to strengthen, emerging markets will import less. But we remain optimistic about prospects this year. We will continue to produce new items and invest in various initiatives to keep our inventory fresh,” he stated. n Courtesy : By Bernardette Sto. Domingo Through jewellerynewsasia. Heera Zhaveraat | March - 2018 | 84

In April last year, Ediz Dereli embarked on a diamond wholesale business, selling smaller-sized stones of up to 70 pointers. “There was a lack of interest in coloured gemstones in the last two years. Mid-range products are still selling but the upper-range items seldom move. That’s why we decided to expand our offerings to include smaller-sized diamonds. Our aim is to be experts in this category,” revealed Dereli. The company has since found new domestic customers that purchase both diamonds and coloured gemstones. Among Dereli’s bestperforming coloured gemstones are perennial favourites such as sapphires, emeralds, rubies and tanzanite stones. He also cited several challenges faced by jewellers in Turkey today, the most pressing of which is competing with technology and other big-ticket sectors for buyers’ attention. “Instead of buying a US$1,000 piece of jewellery, buyers would rather spend on the latest smartphone or perhaps, travel to another country. Buyers’ ever-evolving hobbies and interests, coupled with geopolitical events, are affecting our business,” noted Dereli. “While some companies close down and move to other sectors, we stayed on because we believe in our sector. Through product diversification, we were able to turn things around.” Ediz Dereli mainly caters to the domestic market but it also sells to Russia, the Middle East and Asia. “Our goals in 2018 are to further develop our diamond business and increase penetration in the domestic market,” continued Dereli. For Muhammed Kannouss, regional manager of Ipekyolu Jewellery, the key to staying afloat in a challenging business environment is to keep innovating. An expert in the Turkish silver jewellery sector, Ipekyolu registered steady growth last year compared to 2016. It sells to 95 countries, with Russia, the US, South America, Europe, the Middle East and Asia as its major markets. “We have been in the industry for four decades. This year, we are aiming to grow even more. We can still feel the effects of the global crisis but to combat that, the company continues to find ways to refine its business operations. We always offer new products and designs. We’ll never stop innovating,” said Kannouss.

RED CARPET

HANDCRAFTED SCULPTURE TIMEPIECES THE AGONIUM COLLECTION While Daniel Strom masters all the intricacies of watchmaking, he first and foremost regards watches as a vast field of expression. Far more than a distillation of technical sophistication and design, he sees in them a reflection of what we truly are, deep down inside. A watch viewed not as a means of expressing social status, but rather a certain vision of life – and secondarily also telling the time. He had dreamed of his Agonium collection for years before finding the perfect alchemist’s blend of watchmaking and silversmithing required to create it. The watch becomes a sculpture, an authentic work of art on the wrist that evokes our innermost questions regarding life, death, the finite nature of our existence, as if to remind us to live our time to the full, rather than seeking to control it. n

STROM BRINGS JOY HEAD OF CREATION AND MAKER. The man behind this new reasoning is Daniel Strom. Designer.Watchmaker.Philosopher. With his company, Strom Prestige Swiss Timepieces SA, in Biel, he revisits time, rethinks the watch, invents new symbioses and gives form to his convictions. The common denominator? To design a watch that does more than give time. A watch that also has us think about our very existence. Dragons and skulls thus become charged with positive emotions and shed any morbid connotations. This is art for the wrist, each unique and outside the grip of aesthetic convention. A watch that is art, symbol and belief. n

“In Memorian HR Giger” Strom reveals the final work of Academy Award-winning Swiss artist, HR Giger. Swiss watch brand Strom presents the “In Memorian HR Giger” watch, one of the final projects on which the artist worked before his death in 2014. A veritable “wrist sculpture”, the timepiece features HR Giger’s legendary biomechanoid creature. Acclaimed for his “fantastic-realism” works, HR Giger shot to fame with his creation of the monster in Ridley Scott’s 1979 film, Alien, for which he received an Oscar in the “Best Visual Effects” category the following year. Deeply saddened by the death of this man, who had also become his friend, Daniel Strom waited three years before presenting the watch that they had created together, named “In Memoriam HR Giger” in tribute to him. For the official launch, he has chosen the HR Giger Museum in Gruyères, which features a sculpture of the biomechanoid creature emblematic of HR Giger’s work proudly displayed at the entrance. n Heera Zhaveraat | March - 2018 | 85

BRAND WATCH

Calvin Klein minimal Calvin Klein revisits a grand classic. A vintage-inspired icon is now reinterpreted through an authentic anthem to restrained purity, aptly named Calvin Klein minimal. The understated graphic lines of the dial form a perfectly controlled design accentuated by the extremely slim bezel framing the case. This new unisex model comes in two sizes available in various colour variations, either playing with contrasts or taking a tone-on-tone approach. The case comes in stainless steel, yellow gold PVD, pink gold PVD or black PVD-finished variations, teamed with a matching Milanese mesh bracelet or a black leather strap. The hours and minutes tick off the time against a blue, silver-toned or black dial background.

OrisAquis Date The OrisAquis Date is a new milestone in Oris' history as a maker of highperformance diver's watches since the 1960s. Its design brings a touch of elegance to this tool watch, which is just at home under a cuff as under water. The lugs and the bracelet are now thinner, while hands and hour-markers have been given a bolder, sharper appearance. The unidirectional bezel, in black ceramic, is easier to grip, thanks to a small gap introduced between the case and the body, while retaining the same excellent legibility for keeping track of dive time. The sleeker silhouette of the Aquis watch brings a new mark of refinement, without sacrificing any of the technical performance for which it is renowned, including waterresistance to 300 metres.

TAG Heuer Carrera Heuer 02 A cornerstone of the brand since 1963, the legendary Heuer Carrera takes a sharp turn to mark its 55th spring. This avant-garde chronograph, forever associated with motor racing, wears its DNA with sporting pride. The new Heuer 02 Calibre manufacture movement, a 43 mm modular case, a tachymeter bezel, a skeleton dial with 3-6-9 counters, this flagship model is powered by a state-of-the-art engine. An authentic living legend, this collection now welcomes its latest addition â&#x20AC;&#x201C; the new TAG Heuer Carrera Heuer 02, available in 13 contemporary variants in steel, carbon, ceramic or gold with a metal, rubber, leather or ceramic bracelet, plus a 45 mm version with GMT function. Modern, reliable and accurate

Harry Winston Emerald Harry Winston has a legacy as one of the world's most important purveyors of diamonds, and the Swatch Group is keeping that heritage alive. Jewelled watches remain an important part of the company, including the new Emerald watch with diamonds, combined with the soft touch of pink sapphire. The Art Deco lines of the eight-sided case, set with 53 brilliant-cut diamonds, are a tribute to the emerald-cut, the favorite diamond shape of Harry Winston, who founded the company in 1932. The emerald shape is repeated on the dial as an outline composed of 44 brilliant cut diamonds set into a background of white mother-of-pearl. The frame is accented by pink sapphires, set at 3, 6 and 9 o'clock and a larger, emerald-cut pink sapphire at the 12 o'clock position. The matching pink satin strap wraps around the wrist twice, reflecting a current trend in ladies' watches. Heera Zhaveraat | March - 2018 | 86

WHAT TO BUY IN BASELWORLD

KERBEDANZ - MAXIMUS Maximus:The biggest known tourbillon for wristwatch. Kerbedanz invites you to discover and to contemplate the functioning of this mechanical masterpiece that is the tourbillon. Technical features

BLACK TREE OF LIFE symbol of immortality

« There is no greater than Maximus »

Holder of heaven and earth, Tree of Life, made with the know-how and skills of the KERBEDANZ gem setters, expresses universal symbols redolent of celestial dews and the sacred fruit of the Garden of Eden. In all cultural and spiritual traditions of mankind, the Tree of Life represents physical and spiritual growth. With its branches that reach towards the sky in a ceaseless quest for perfection, and its roots that connect with Mother Earth, this special tree is at the juncture of two worlds. Like its leaves and fruit, which perform that gracious ballet of eternal cycle of apparent death and seasonal rebirth, this organic being is bursting with vitality. Automatic mechanical watch with 5 days power reserve. 42mm, 18 K gold case and lugs decorated with 540 black diamonds (8.2ct.).Dial in massive gold with bas-relief sculpture, background enameled with KERBEDANZ glazing, set with 8 diamonds, 0.95 ct. Designed, manufactured and hand decorated by Kerbedanz. Limited to 41

Maximus is a surname and superlative adjective, derived from the Latin Magnus, which means "great", and Maximus therefore means "the greatest". No other name could be better suited than "MAXIMUS" to designate this exceptional model of KERBEDANZ; the precision of the mechanical movement is ensured by the largest "tourbillon" for wristwatch in the world. In ancient Rome, the title of "Maximus" was given to the high priest at the head of the College of Pontiffs. The Pontiffs were priests united in a college, charged with the establishment of the calendar of the good and bad days in the heart of the Roman public religion, consecrating the edifices and naming the other priests. This title was then systematically awarded to all Roman emperors during the imperial period following the reign of Augustus. As a result, "Maximus" had become the key title for expressing greatness in all its splendor. And Circus Maximus, a Roman monument, the most gigantic known at that time, became the expression of this greatness. This is the largest arena in Roman antiquity, known as the «Circus Maximus ", located between the Palatine and the Aventine. Mainly intended for horse or chariot races, Circus Maximus was built at the beginning of the 6th century BC by the Etruscan king Tarquin the Elder. Originally, the dimensions of the arena were 370 meters long by 83 wide. Subsequently, it was enlarged successively by Cesar, Claudius and Nero, then by Caracalla and Aurelian, so that in the 4th century AD the track was 621 meters long by 118 wide and it is estimated that more than 150 '000 spectators could take their seats. The Circus Maximus remains to this day the largest sports arena that the world has known. During Roman Antiquity the terms Magnus and Maximus were also used as names or forenames by the Romans or the populations integrated into the Roman Empire. Thus, under the name of Magnus Maximus or Maximus, a Gallo-Roman military leader of the 4th century was proclaimed "Augustus" (that is to say, Emperor) by his troops, Took possession of Gaul and Spain, and finally took Rome in 387. n Heera Zhaveraat | March - 2018 | 87

WHAT TO BUY IN BASELWORLD

Newport Chronograph in Black PVD The Speed of Time

fter updating the design last year, the Michel Herbelin French Watchmaking Studio now presents the Newport Chronograph in an all-black version. The decidedly sporty watch packs a robust punch with standout features that make it a choice timepiece for the distinguished gentleman. . .

Purebred character This steel timepiece coated in black PVD throughout is instantly recognisable as part of the Newport family and maintains all of the original specifications of the collection. Its rounded case measures 42.5 mm in diameter. The notched black dial with circular brushed bezel is arranged like a dashboard, engraved with a tachymeter scale. Punctuated with luminescent baton hour markers ringed by a discreet minute track on the encircling flange, the dial houses three counters in a V shape, in an anthracite grey that discreetly draws the gaze. Complete with a large date aperture at 12 o’clock, the well-balanced design affords easy reading of the information on display. A steadfast companion for the man who lives life at 100 miles an hour, this Michel Herbelin chronograph comes with a rubber-look black leather strap that complements its sporty aesthetic. Pairing equally well with a jacket as with a casual outfit, it makes a versatile everyday companion for the man who lives life to the full. n

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Sporty temperament Fitted with a Swiss-made quartz chronograph movement (Ronda), the Newport Chronograph guarantees precision to 1/10th of a second, for 54 months. Made for racing, it features a tachymeter scale that runs from 60 to 400 km/h, allowing dedicated record breakers to measure their average speed over a given distance. Also water-resistant to 100 metres (double-gasket crown), this sporty Michel Herbelin, protected by a sapphire crystal, is in pole position to accompany the masculine gent in his many pursuits. Like all the brand’s timepieces, this Newport chronograph was conceived, designed, assembled, regulated and quality checked at the Michel Herbelin studios in the Jura mountains of the Franche-Comté region. Heir to a French watchmaking tradition stretching back over 70 years, it offers the assurance of stringent technical standards.

WHAT TO BUY IN BASELWORLD

MOONMACHINE 2 MB&F + Sarpaneva

s strange as it might sound, moonlight doesn’t exist. It is an illusion, and even the word “moonlight” is misleading. The moon gives off no light of its own, it only reflects light from the sun. In effect, moonlight is sunlight, projected onto Earth via the moon. If there’s one person who can be relied upon to thoroughly grasp this concept, it’s Stepan Sarpaneva, the independent Finnish watchmaker whose work has become synonymous with the moonphase display. Little wonder, then, that the second collaboration between MB&F and Stepan Sarpaneva has resulted in a horological creation that occupies the same elusive space as moonlight, somewhere between illusion and reality. The MB&F MoonMachine 2 brings us the world’s first projected moonphase display. MoonMachine 2 comes housed in the case of Horological Machine Nº8, the first MB&F creation to possess two design icons of the Horological Machine collection: the battle-axe rotor, and the heads-up time display first seen in Horological Machine Nº5. The stripped-down case construction of HM8 emphasised the illusory nature of the projected hours and minutes, and MoonMachine 2 uses the same mechanism to highlight the visual impact of a moon disc appearing in a space too small to fully contain it. n

Legacy Machine No 2

egacy Machines are wondrous reinterpretations of significant horological inventions by the greatest watchmakers in history. So the contemporary look endowed by the otherworldly appearance of Legacy Machine No.2's dual flying balances, suspended high above the dial from four gracefully arcing arms, may at first appear paradoxical. But make no mistake; LM2 is a timepiece tracing its lineage back over 250 years to three of the greatest watchmakers who ever lived: Abraham-Louis Breguet (1747– 1823), Ferdinand Berthoud (1727– 1807) and Antide Janvier (1751– 1835). These horological legends of the 18th century are united not only by their inventive genius, but also by the fact that they have all constructed clocks and watches with two balances. Oscillating on high, the exalted double balance wheels of LM2 were inspired by, and pay homage to, one of the rarest mechanisms in the history of watchmaking: the dual regulator. And rarer still, the average rates of Legacy Machine No.2's dual regulators are transmitted by a differential to a single gear train, where the majority had two separate movements. n

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WHAT TO BUY IN BASELWORLD

Wrists Ablaze with GF Ferré Watches New GF Ferré collection will be a major attraction for mid-sized luxury watches lovers. Blending Italian design with Swiss watch mastery, GF Ferré watches present its new collection to ladies who have refined and elegant lifestyle. GF Ferré's new product family offers three variants in the bracelet color namely, Silver, Gold & Silver and full Gold Plated models. Each model with 37.5 mm case with a double layer of glittery stones set. With an amazing satin like feeling bracelet, it is a complete eye-catching masterpiece. After a phenomenal success with this product, GF Ferré is proud to launch an addition to this family, a new 30mm case size variant. All with the same glitz and glamour!

« Hexagonale is a French brand created by watches and innovation enthusiasts who ambition to make the French watchmaking great again. »

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WHAT TO BUY IN BASELWORLD

LONGITUDE

ongitude and the epic search for coordinating navigation to the imaginary vertical lines that delineate the planet remain part of the epochal history of Thomas Earnshaw. Thomas Earnshaw received an award from the Board of Longitude in 1805 following his work in creating simplifications that made trans-navigation all the more achievable and safer. The Shadow edition of the Longitude references this via subtle hints through the see through caseback now lightly lined with vertical lines and with a great detail of finish and detail on the dial. Crafted out of solid stainless steel, the 44 mm diameter case continues the flowing lines of the Longitude family silhouette and completes itself with a vintage serrated “pumpkin” style crown. A smoky translucent dial frames the see through skeleton movement which displays sun/moon display, a secondary timezone and a view into the rotating flywheel – which creates a look of intricacy and complication without being confusing. An hour and minute track is comprised of facetted baton markers – that correspond to Breguet style hands sweeping over the dial face effortlessly. A stunning update to an already impeccable collection of dress watches the Longitude Shadow automatic hugs the wearers wrist courtesy of a supple, elegant genuine leather strap that fits snug and comfortably. n

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WHAT TO BUY IN BASELWORLD

BIG BANG UNICO RED MAGIC MAKING THE IMPOSSIBLE POSSIBLE, HUBLOT CREATES THE FIRST VIBRANTLY COLOURED CERAMIC

HUBLOT “There is a quote which perfectly illustrates our ongoing desire to push watchmaking, materials, and fusion to the limit. A conviction that nothing is impossible. In the words of Charlie Chaplin: "Let us strive for the impossible. The great achievements throughout history have been the conquest of what seemed the impossible". Today, with the world's first vibrantly coloured ceramic, Hublot has once again demonstrated that the impossible really is possible!” Ricardo Guadalupe, CEO of Hublot

lways unique, always different. This time, Hublot has devoted its innovative approach to ceramic. By creating a new material – the first vibrantly coloured ceramic – Hublot has once again used its limitless imagination to achieve a world’s first. Exclusively designed and produced in-house, in the Hublot Research & Development (R&D) department, this invention has been patented. A triple tour de force, the coloured ceramic invented by Hublot is innovative both in terms of the material itself, and the manufacturing process. In addition to the vibrant colour it is also harder than conventional ceramics.

Hublot brings depths of colour to ceramic The Hublot R&D department and Metallurgy & Materials laboratory have succeeded in inventing a magic formula that allows the creation of vibrantly coloured ceramics. This has previously not been done in industries using technical and aesthetic ceramics. In addition, Hublot has refined all the procedures necessary to produce every component of the watch case from this special material. In total, it took Hublot four years to master this discovery and develop it from initial idea to its industrialisation. The invention is 100% Hublot and the expertise has been patented. Hublot continues to make strides in the research into materials. This newly developed ceramic is incredibly dense, boasting a hardness of 1500 HVI compared to 1200 HV2 of conventional ceramics. This results in an extremely resilient material. The colour is achieved through a major innovation whereby a fusion of pressure and heat sinters the ceramic without burning the

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pigments. Having mastered the basic hues with this method Hublot is now ready to introduce a whole new world of coloured ceramics to its watch collections. The first vibrant colour release is vibrant red, which also increases the harness of the Hublot ceramic.

The power of red For this first coloured ceramic, Hublot has chosen a vivid red, which symbolises power, passion and glory. The Big Bang Unico Red Magic is undoubtedly an ultra-resilient ceramic watch full of fire. With just 500 pieces released, its 45 mm case and bezel are made from Hublot's patented red ceramic, boasting a polished finish. The flange, indexes, minute and seconds counters, Arabic numerals and hands all match this hue, adorned in the same red to highlight the contrast with the mechanism of the Unico HUB124 manufacture movement and its column wheel, visible on the dial side through the sapphire crystal. This theme encompasses the entire watch, matched with a lined structured red rubber strap. Drawing attention from every angle, and captivating all who see it, the red ceramic is set to be a showstopper. A major invention which once again demonstrates that Hublot is continuously pushing its Art of Fusion further, and that, under its impetus, the world of materials and alloys will never cease to be reinvented. This is a material true to the Hublot motto: "be the first, be unique, be different!” n

WHAT TO BUY IN BASELWORLD

Balthazar ‘B4’ & ‘B5’: Two new editions Are you currently living on planet Earth? If so, you certainly haven’t missed the latest episode of Star Wars: The Last Jedi.

hether you absolutely love, moderately appreciate or just hate the saga, we all have in common the never-ending search for a hero. Our hero is without a doubt a robot from Tatooine – an adventurer despite himself, who lost an arm on the battlefield and was built by Anakin himself: C-3PO. Inspired by this gold humanoid robot, L’Epée has developed a very special gold edition of Balthazar: ‘B4’, limited to 20 pieces. His brother, straight out of the dark side, Balthazar B5, features a fully black PVD armor and a light palladium-plated movement. The balance between light and dark side is respected. Balthazar B4 and B5 are respectively the fourth and fifth, final editions of Balthazar: after blue, black and green editions, the B4 / B5 limited editions are now fully gold plated, from head to toe and fully black (except movement that couldn’t be PVD due to technical reasons). Unlike C-3PO, these new editions may not be fluent in six million forms of communication, but they can indicate the moon phase with extreme accuracy: all he needs is a single day of adjustment after 122 years! They will also unfailingly tell you the time. Standing nearly 40 centimetres tall (16 inches), Balthazar is composed of 618 beautifully finished, micro-engineered components. More specifically, Balthazar is a sophisticated high-precision robot clock displaying “slow” jumping hours and trailing minutes via two discs on his chest. A power reserve indicator is located on his belly – he boasts an impressive monthbusting 35 days of power reserve. His friendly face may seem serene, but he remains nonetheless always on guard: his red eyes, which continually scan the surroundings, are actually 20-second retrograde displays. But beware… there is also a dark side to Balthazar, as there is in all of us. Balthazar rotates around the hips like the high-precision machine that he is; you can feel the miniscule bumps of each micro-roller as he turns, and each distinct notch when he rotates the full 180°. Then everything changes: smiling Balthazar becomes rather terrifying. To quote another Star Wars figure, the infamous Darth Vader: "If you only knew the power of the dark side.” On this side, the nature of Balthazar's darkness is revealed by the cold hard skull with menacing teeth and deep-set ruby-red eyes. Fortunately, it's not all threat here as Balthazar's chest also contains the moon phase display. You can adjust the moon phase manually, providing one of many of Balthazar's tactile pleasures.

Balthazar does more than display horological events: as well as rotating around the hips, his arms articulate at both the shoulders and the elbows, and his hands can clasp and hold objects. Finally, Balthazar's shield conceals and protects the secret of his awesome power: an integrated clock-winding and time-setting key. Balthazar B4 is a limited gold-plated edition of just 20 pieces. Balthazar B5 is a limited palladium-plated movement and black PVD armor edition of 20 pieces. n

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WHAT TO BUY IN BASELWORLD

Amalys : a name of ancient Greek heritage – a name that embodies the ambitious, passionate woman of today.

malys watches are crafted to complete your perfect look - to complement your individual style and bring a final touch of elegance. Yet while our pieces are designed by us, they are always inspired by you – the woman of today who brings ambition and drive to every area of her life. Amalys timepieces are a constant reminder to live life to the fullest – a pendulum that continually swings whilst memories are made and emotions are experienced. By combining the timeless and traditional with contemporary influences, we create designs that are classically vintage, yet definitively modern. From the first design sketch to the moment your timepiece features on your wrist, Amalys watches are set apart by a clear mark of quality and refinement.

FIRST COLLECTION Our launch collection focuses exclusively on square watches – their cubic shape cut a clean silhouette, for a touch of modernity. Make no mistake - this is a collection made for modern women who aren’t afraid to distinguish themselves with original style and refined wrist wear. They step out from the crowd. They #DareToBeSquare.

About our watches: We are very proud to offer all stainless steel watches, combined with high quality Japanese Seiko movement and Italian leather straps. Our super slim watches are only 6,1mm thick and have all easy interchangeable straps.

The central value of Amalys is the feminine elegance. We create simple and classy timepieces that aim to bring the final touch of elegance to every outfit. Our collection will always reflect that value, central for us.

Amalys watches are retailed from 109,95€ to 129,95€, making it an amazing value for money.

#1 ELEGANCE

#2 ELEGANCE We want our watches to represent more than just your perfect fashion accessory. For us, they represent a constant reminder to live life to the fullest, to accomplish your craziest ambitions so you can reach every single goal you dream about. Heera Zhaveraat | March - 2018 | 94

We love fashion and always get inspired by the new trends for the collections we develop. We will always make sure our products are designed in a way they are the perfect final touch to every outfit, making it a clear fashion statement.

#3 ELEGANCE

WHAT TO BUY IN BASELWORLD

WEIMAR CALENDAR DF-9019

nfluenced by Wassily Kandinsky’s Basic Shape Test, the Weimar Calendar is a harmonious blend of design homage and precise functional utility. A 42 mm solid stainless steel case with a sleek urban profile houses a sweep hand quartz movement that indicates day, date and 24 hour display with the fluid graceful movement of the second creating a quiet flow of elegance. “Kehren Aus Zweiter” at the 1 o’clock position circles back to the German roots and provenance of the Weimar Calendar indicating this watch as a sweep second hand timepiece. Lightly etched into the watch are three iconic shapes of the Square, Circle and Equilateral triangle creating in step a Bauhaus inspired graphic design of their own. Each line of brushed and polished finish is carefully and thoughtfully articulated to produce a watch that is beautifully executed in composition, fabrication and balance. With a caseback that reference this most Bauhaus of iconography the Weimar Calendar hones in on the beautiful while paying tribute to the cerebral. n

VAN DER ROHE BARCELONA CHRONOGRAPH DF-9021

he Barcelona chronograph is a tribute to the iconic German pavilion built for the 1929 International Exposition in Barcelona. Designed by VanDerRohe, he envisioned the building to be “a zone of tranquility”. Through a pioneering approach to understanding form and space, the pavilion used but the cleanest lines and the most opulent of materials to create one of the most important pieces of modernist architecture. In keeping with the same dedication to space, proportion, and the finest eye to detailing, the Barcelona chronograph is no less a magnificent timeless wearable piece of modernist history n

GROPIUS 2H DF-9020

sing the subtle hues of light as moved by depth and dimension, the Gropius 2H is a remarkable study of dedicated fabrication in creating design through application of technique. Uncluttered by markings the dials hints only at the most important elements through a clean embossing that leaves the wearer with only the purity of form in homage to the Bauhaus. n

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WHAT TO BUY IN BASELWORLD

The AV-4052 seemingly brings the instrument panel and cockpit of the Hawker Hunter to the wrist of the wearer with a homage and representation that is still utterly practical and balanced as a timepiece.

HAWKER HUNTER

With the angled off squared shape that echoes the key pieces of the Hunters own instrumentation, the reference to the famed military jet that first flew in service for the RAF in the early 1950s, is obvious. A sturdy yet precisely finished marine grade stainless steel case houses a Japanese retrograde split time chronograph that sits under the dial. The dial itself is a perfectly designed assembly of indentations, tension rings and carefully positioned subdial frames that continue the look and feel of this

CENTENARY 1920s EDITION

watch as a piece of military instrumentation. Outlined hands are bold yet skeletonized to offer clarity and visibility of all subdials on the multi-layered dial that offers depth and detail for the wearer. With piston like pushers and level upon level of Hunter inspired aesthetic touches, the AV 4052 pays suitable tribute to the famed jet without being cluttered and fussy in its carefully considered design. Snugly strapped to the wrist with a hand stitched vintage genuine leather strap – the AV 4052 is an impressive, functional and unique aviation inspired timepiece like no other.

CENTENARY 1940s EDITION

The 1920s edition of the Centenary Flyboy collection interprets the field or pilot watch through the prism of early military watchmaking. Perfectly proportioned and sized, the 42 mm diameter 316 L Stainless steel case is affixed with a scratch resistant slightly domed sapphire lens and see through exhibition caseback. A vintage inspired slightly oversized “pumpkin” crown is used, reminiscent of those found on early pocket watch to wrist watch conversions in the early 1900s. The crown in addition to its serrated edge design has the blue and round circles of the Royal Air Force roundel applied as an epoxy filled cabochon. The dial is explicitly a homage to 1920s watch and typeface design. Neo-gothic fonts mark out the hours with ample super LumiNova for enhanced low light visibility. Railroad minute markings frame the dial suitably. Cathedral or squelette hour and minute hands have been chosen, reminiscent of watches of the era,as well as to provide clarity and legibility in time readout. Powering the timepiece is the reliable Miyota 8218 uniquely customized by the Avi-8’s own watchmakers with a signature “Centenary” edition rotor and subdial seconds display at the 5 o’clock position, with date display at the 3 o’clock position. Echoing the earliest iterations of pilot watches as refashioned pocket watches the robust shape of the 1920s edition is as much a bookmark within the history of watch design as it is a functional and robust field watch. Hugging the watch to the wearers wrist is sturdy yet supple handstitched buffalo hide leather strap that is comfortable yet long lasting .

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CENTENARY 1920s EDITION

WHAT TO BUY IN BASELWORLD

LOÏCFLORENTIN/TIMORAJAKOSKI The watch brand Le Rhöne was born out of two entrepreneurs and childhood friends: Loïc Florentin and Timo Rajakoski, who met on the benches of their school in Venezuela. After a career spent amongst luxurious groups, they created Le Rhöne watches in 2013, inspired by their passion for craftsmanship, excellence and creativity. Their state of mind becomes their strength in business. At Le Rhöne each timepiece is first and foremost the product of talented craftsmen based in the best Swiss workshops and working with the utmost respect of watchmaking tradition. Precise craftsmanship know-how combined with the founders’ bold approach to watchmaking creates the essence of Le Rhöne watches: the highest quality standards with a touch of modernity and audacity.

MOVEMENTS All our movements are developed and produced in Switzerland, based on the highest qualitative standards to fit the high technicity of our timepieces. Developed in the best workshops by talented and experienced watchmakers, each movement is genuinely crafted following the Swiss horological heritage. Le Rhöne’s strongest aim is to surprise and amaze the watch collectors around the world.

HEDONIA ELEGANCE

&REFINEMENT

The Hedonia collection is a compromise between technics and aesthetics. Keeping the signature case of Le Rhöne, the Hedonia line embodies elegance and refinement with its 41 mm diameter and moon phase complication. In addition, the Hedonia with hour, minute and second hands has a Côte de Genève certified dial with a vertical guillochage done to perfection by Swiss craftsmen. The 41 mm model exemplifies the perfect classic yet casual chic timepiece to be worn on a daily basis. Playing on the ambivalence of the design, both men and women can easily adorn their wrist with an Hedonia timepiece. For the single pleasure of the eyes going back to the Greek origins of the hedonism principle in the pursuit of happiness and selfindulgence, the magical stellar night blue sky almost makes you forget about the complexity of the piece. Heera Zhaveraat | March - 2018 | 97

WHAT TO BUY IN BASELWORLD

ROAD RACER FAS C I NATI O N F O R AM E R I CAN V I NTAG E CAR The Road Racer collection marks the debut of Le Rhöne’s first timepiece collection. With direct references to the Pony cars of the 1960’s inspired by Ford Mustangs, Chevrolet Camaros or Dodge Challengers, the design of the Road Racer chronographs cultivate the fascination for American Vintage Car to be worn on the wrist exclusively. The genuine engine parts of the first generation of Camaros can be found inside the case of the watch. The two counters put at 9 o’clock and 3 o’clock respectively indicating the seconds and the chronograph bi-compax indicators enhance the sports look of the watch to perfection. The Road Racer full collection is offered in different color combinations, including rose gold and stainless steel, with or without black DLC coating for every style to match and every man to love.

T H E ROA D R AC E R The 45 mm diameter case holds a mechanical automatic chronograph self-winding movement with a 44 hours power reserve. Perfect to hit the road without worrying too much about time. Women should not even be concerned thanks to the feminine version of the Road Racer with snow-set diamond bezel and blue details.

HAUTE HORLOGERIE UNIQUE & EXCEPTIONAL Focusing on the making of unique and exceptional timepieces crafted by the most talented Swiss artisans, Le Rhöne aims to contribute with passion to your ultimate dream. Le Rhöne gives you an opportunity to personalize your timepiece by choosing different materials and finish options. You can transform your watch into a unique masterpiece made sur-mesure in a considerably short time delay. Rare are the watchmakers who allow the client and future acquirer of a timepiece to transform its most coveted watch into something truly unique. Heera Zhaveraat | March - 2018 | 98

Double Tourbillon – DT-02

HAUTEHORLOGERIE Le Rhöne’s strength focuses on creating exclusive and outstanding timepieces. The most gifted Swiss craftsmen contribute passionately to make your desire come true by personalizing your watch. With this possibility to select the desired materials, finishes and colors, you participate in the conception of your personal unique timepiece. Double Tourbillon – DT-01

WHAT TO BUY IN BASELWORLD

PAUL WILD CELEBRATES THE GODDESS IN EVERY WOMAN “THE GODDESS DOESN’T ENTER US FROM OUTSIDE; SHE EMERGES FROM DEEP WITHIN. SHE IS NOT HELD BACK BY WHAT HAPPENED IN TH E PAST. SHE IS CONCEIVED IN CONSCIOUSNESS, BORN IN LOVE, AND NURTURED BY HIGHER THINKING. SHE IS INTEGRITY AND VALUE, CREATED AND SUSTAINED BY TH E HARD WORK OF PERSONAL GROWTH AND THE DISCIPLINE OF A LIFE LIVED ACTIVELY IN HOPE.”

AMERICAN SPIRITUAL AUTHOR MARIANNE WI LLIAMSON 2018 is set to be significant for women around the world. A growing awareness of women’s issues is sounding a call to action that is empowering women in the workplace, in government and in their public and private lives. Paul Wild has chosen the theme of the goddess in every woman to inspire its diverse and dynamic collection of gemstones in a range of colours, with a focus on blue, green and red hues seen in Pantone’s spring 2018 fashion colour palette. The freedom of women to be themselves and to pursue their dreams is playing out in evolving ideals of femininity and how women express that in their personal style. “Every woman should feel like a goddess and every goddess has her own unique qualities, talents and strengths to celebrate,” says CEO Markus Paul Wild. “What was empowering to us in selecting this theme was to create designs that were graceful yet bold, that explore different shades and shapes in gemstones like tanzanite, emerald, and various tourmalines and spinels. The magnetic energy of passion and purpose that is the goddess in every woman draws people in. That is what we strive to inspire in our colourful gemstone layouts.” Colour continues to be a key influencer of fashion trends for spring 2018. For the first time in the 23 years since Pantone began identifying its top 10 hues, the Pantone Color Institute announced 16 colours for the season, which Wild says bodes well for the colour variations and combinations it inspires for gemstone jewellery designers.

Heera Zhaveraat | March - 2018 | 99

WHAT TO BUY IN BASELWORLD INTENSE LUMINESCENCE

SEEING RED Dramatic, warm and eye catching, red is the colour of passion, desire, romance and love. Emotional and intense, red is energising and motivates us to action. It increases the pulse and heart rate and boosts metabolism. Forming the outer arc of the rainbow, red signifies a pioneering spirit, inspiring courage and strength. Envisioning images of jewels befitting the goddess of love and passion, Aphrodite, Paul Wild has created layouts featuring red and pink spinels from Tanzania. Most notable is a set of nine heart-shaped red spinels totalling more than 112 carats; a flower-inspired earring layout with 80 mauve spinels weighing over 21 carats with two tanzanites totalling 9.78 carats; and two single red spinels: a 17.15-carat marquise-cut spinel and 11.67-carat heart-shaped spinel. “Spinel has an immense range of shades, from purple to violet and mauve to pure red,” explains Markus Wild, who notes that spinels in sizes over 5 carats are rare on the market. “We have single stones and sets in captivating red, but also layouts in the softer shades of violet and mauve. We love spinel because of its intense luminescence. Its brilliance, even in more muted colours, adds a lot of beauty and sophistication to a design.”

Envisioning images of jewels befitting the goddess of love and passion.

IMAGINATION AND INSPIRATION

SINGING THE BLUES Blue represents trust, loyalty, wisdom, stability, truth and faith.

Blue is the colour of the sea and the sky. It is associated with open spaces, freedom, imagination and inspiration. Blue represents trust, loyalty, wisdom, stability, truth and faith. The colour blue is fundamentally important to the human eye as a stable icon of the balance in our universe. Even in an uncertain world, we remember that the blue skies represent constancy, as they’ve neverfallen! Summoning images of jewels befitting Amphitrite, goddess of the sea, Paul Wild has created stunning tanzanite layouts in colours from cool lilac blue to deep violet blue and in a mix of shapes. One of the most notable storyboards in this colour is an outstanding 31-piece necklace, earring and ring suite of natural tanzanite totalling nearly 252 carats. Equally tantalising is a four-row tanzanite and rubellite wave bracelet layout composed of 78 pieces totalling nearly 144 carats; tanzanite and red spinel chandelier earrings totalling 51 carats; and an 82-carat cushion-cut tanzanite cabochon that awaits to be transformed into a magical creation. “Sapphire is limited in big sizes and in quantity for layouts. In this case, tanzanite is the winner,” says Markus Wild. “The combination with red in the use of rubellite is a connection to the three classic colours we are highlighting for the season.” One mine in Tanzania, providing a good supply of this popular gem. In the Pantone palette for spring, blue is represented in a navy Sailor Blue and a sky blue Little Boy Blue. Furthermore, the Pantone Colour of the Year, Ultra Violet, is a bluebased purple.

Heera Zhaveraat | March - 2018 | 100

WHAT TO BUY IN BASELWORLD

SWEET GREEN PERFECTION

FRESH GREENS Refreshing and revitalising, green symbolises new beginnings. It is the colour of life, renewal and energy, associated with growth, harmony and the environment. An emotionally positive colour with great healing power, green is nurturing and generous, calm and balanced. The more submerged people are in modern life, the greater their desire to immerse themselves in the physical beauty of and our inherent unity with nature. A life-affirming shade, green is emblematic of vitality and the pursuit of oneâ&#x20AC;&#x2122;s passions.

A life-affirming shade, green is emblematic of vitality and the pursuit of oneâ&#x20AC;&#x2122;s passions.

Imagining the jewels that might adorn the earth goddess Artemis, Paul Wild has designed a bold, organic bib-style necklace layout featuring 208 Zambian emerald cabochons and nine faceted pink tourmalines totalling nearly 358 carats; and a multi-row organic bracelet layout of 113 Zambian emerald cabochons weighing nearly 315 carats with a 25.65carat rubellite. Such a stunning collection of emeralds is unusual to find. In the Pantone palette for spring, green is reflected in Arcadia, described as sweet green perfection! This blue-green colour is a cross between an emer ald gr een and a mint green.

Heera Zhaveraat | March - 2018 | 101

WHAT TO BUY IN BASELWORLD

PANTONE’S C OLOUR OF THE YEAR

ULTRA VIOLET Inventive and imaginative, Ultra Violet is Pantone’s 2018 Colour of the Year. As Pantone describes, Ultra Violet is complex and contemplative. This blue-based purple suggests the mysteries of the cosmos, the intrigue of what lies ahead, and the discoveries beyond where we are now. The vast and limitless night sky is symbolic of what is possible. Historically, there has been a mystical or spiritual quality attached to Ultra Violet. The colour is often associated with mindfulness practices, which offer a higher ground to those seeking refuge from today’s over-stimulated world. The use of purple-toned lighting in meditation spaces and other gathering places energises the comm unities that gather there and inspire connection.

This blue-based purple suggests the mysteries of the cosmos.

In the Pantone palette are lighter shades in this colour range — Spring Crocus and Pink Lavender. In this spectrum of hues, Paul Wild has brought together outstanding sapphire and amethyst layouts. A bold, daring necklace and earring layout featuring amethyst cabochon and navette-cut stones totalling nearly 190 carats with a 139-carat amethyst carved rose pendant exudes romance and femininity. Reflecting vintage flair is a 47-piece old-cut amethyst and morganite suite totalling over 189 carats designed in cascading gem collar and earrings with ring stone. Also goddess worthy, a glorious bib-style necklace and chandelier earring suite composed of 460 briolette-cut sapphires from Madagascar in shades from pink to violet, totalling nearly 175 carats; and bold earring set topped with two sapphires weighing nearly 56 carats and dangling 74 sapphir es totalling o ver 48 car ats.

Heera Zhaveraat | March - 2018 | 102

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