911 emergency centers handle over 2.7 million calls in July    Civil Affairs proposes amendment to death reporting rules for resident expatriates    Commemorative stamp issued honoring Prince Khalid Al-Faisal    Saudi central bank submits new banking draft law to legislative authorities    Saudi report shows 97.7% of businesses have internet access, 57.7% use social media    Mohamed Yousuf Naghi Motors and alfanar partner to deliver seamless home EV charging solutions across Saudi Arabia Powering the future of mobility    Ministry launches Non-Profit Precious Metals and Gemstones Association to boost industry    Netanyahu asks Red Cross to help hostages in Gaza, as families warn against an 'expanding war'    Poland extends border controls with Germany, Lithuania until October 4 over migration concerns    New Zealand woman arrested after two-year-old found in luggage    Al Qadsiah sign Saudi starlet Musab Al Juwayr from Al Hilal    Salm Al-Dawsari returns to Al Hilal training after injury layoff    Pakistan monsoon death toll rises to 299, including 140 children    Saudi, Iraqi justice ministers sign cooperation agreement in Riyadh    Saudi defender Saud Abdulhamid joins RC Lens on loan from AS Roma    Riyadh Comedy Festival tickets now on sale for world's biggest stand-up event    Sotheby's returns Buddha jewels to India after uproar    Riyadh Film Music Festival returns with live orchestral performances of iconic movie scores    Nissan Formula E Team celebrates a landmark season 11 with proud Saudi sponsor Electromin    Saudi Arabia approves first Alzheimer's treatment with lecanemab for early-stage patients    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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Where's the recession for luxury jewelers?
By David Brough
Published in The Saudi Gazette on 21 - 07 - 2009

HUNDREDS of luxury jewelers defied the downturn and partied late into the night on Thursday in glitzy Park Lane at the 2009 UK Jewelry Awards in which avant-garde designer Shaun Leane won a top accolade. Leane, renowned for his darkly romantic catwalk jewelry, scooped the prestigious Jewelry Designer of the Year at the gala, one of the world's premier jewelry events, in the Great Room of the Grosvenor House Hotel.
“No one will deny the last 12 months have been a difficult time,” Sarah Carpin, Editor of Retail Jeweller, Britain's number one jewelry trade magazine and an organizer of the event, told the exclusive gathering of retailers, designers and marketers.
“I hope tonight's awards will not have a ‘party in the blitz' atmosphere,” she said. “Retail analysts are saying that by this time next year we'll be seeing real signs of growth.”
Leane, known for his daring catwalk creations in collaboration with fashion designer Alexander McQueen, beat off tough competition from other leading British jewelry designers Rodney Rayner, David Marshall, Alex Monroe and Tom Rucker.
Leane's work has been described by Sotheby's auction house as “antiques of the future.”
Leane made an impact on the jewelry world recently when he unveiled his largest diamond piece to date with ‘White Light', an intricately crafted 40.68 carat diamond brooch.
Italian inspiration
Italian jewelers and brands came out in force to the event, which held a special category dedicated to the best of Italian design, won by Alessio Boschi, underscoring the prestige of exclusive Italian-crafted jewelry creations.
“We're very pleased to have been nominated and to see Italian designs appreciated,” said Mattia Cielo, whose designer Massimiliano Bonoli was one of the finalists. Mattia Cielo's upmarket brand is distinctive for using the latest technology in combination with light and movement in materials such as amethyst and blue topaz. Platinum jewelry also held center stage, with Britain's Simon Pure winning Platinum Bridal Collection of the Year.
James Courage, CEO of Platinum Guild International, which promotes platinum jewelry, said platinum was better protected from the downturn as the white metal is entrenched in the resilient bridal segment of the jewelry market. “We have seen strong demand for platinum in our ranges,” said guest Jayant Raniga from British-Asian retail jeweller PureJewels, located in the up-and-coming Green Street jewelry quarter of east London.


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