MONTH IN REVIEW
www.jewelleryfocus.co.uk
ACQUISITION
Watchshop.com
takes on Aviator
watch brand
Jewellery and watch retailer Watchshop.
com has recently added Swiss brand
Aviator to its portfolio.
The watch brand pays tribute
to the spirit of aviation through its
collections and recently unveiled two
new additions to its watch range at
BaselWorld 2017: the MiG-29 and
Airacobra.
These will join the brand’s existing
collections available now from
Watchshop.com.
As part of its UK launch, Aviator has
announced an exclusive partnership
with the team behind the recreation of
the Bristol Scout, the single-seat rotary
bi-plane, which helped the Allied forces
during the First World War.
The Mi-G29 is based on the Mikoyan
Mig-29 Russian twin engine fighter jet,
which became famous in the 1970s
and has been designed in line with the
original clock featured in the cockpit.
Both the Airacobra and The MiG-29
are currently available at the Watchshop
website.
Our goal is to provide
a them with an initial
roadmap , and to
present the various
alternatives that
they will have at their
disposal.
Gaetano Cavalieri, president of CIBJO
12 JEWELLERY FOCUS
DESIGNERS
Versace launches
Palazzo Empire
collection for new
season
Versace Timepieces has launched its
Palazzo Empire collection ready for
spring/summer 2017.
The range, inspired by “modern
femininity”, was seen on the SS17
catwalk. The collection consists of three
watches in pink, black or white.
Each features Versace’s signature
Medusa head in 3D positioned between
two pieces of glass on the face of the
piece, giving the illusion of it floating
above the centre dial.
The top ring on each timepiece
is embellished with an enamelled
Greek key design and each features a
calfskin strap.
The Palazzo Empire collection is
currently available in store and online
and prices start from £990.
REGULATION
Vincenzaoro to
host seminar on
impact of new
EU regulation on
jewellery trade
The World Jewellery Confederation
(CIBJO) and the Italian Exhibition
Group, will present a seminar on
the EU’s new regulation on conflict
minerals at this year’s Vincenzaoro
show.
The new legislation is expected
to impact the operating procedures
of both jewellery companies in the
European Union and those supply
them from outside the EU.
On Sunday 24 September, the two
organisations will present a seminar
intended to provide members of the
jewellery trade background on the new
legislation and its impact, and present
strategies for incorporating the new
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regulations in their businesses.
The new EU regulation imposes
certain obligations on companies
importing gold, tin, tantalum or
tungsten from conflict-affected and
high-risk areas.
It becomes the third major regulatory
framework impacting the jewellery
industry, joining the Kimberley Process
and the Section 1508 of the United
States’ Dodd Frank Act.
While the legislation has already
been approved, the EU lawmakers
provided a four-year phase-in period,
which gives companies until 1 January
2021, to adopt the new requirements.
The EU also ruled that the regulation
will apply to all metal and mineral
importers whose annual import
volumes are above a threshold
amount. The threshold means at
least 95% of the total imported
volumes into the region of each metal
and mineral will be subject to the
regulations.
Companies importing small amounts
of gold will be exempted from the
requirements of the legislation.
According to the new law, European
importers of gold above the threshold
will need to apply due diligence steps
that must be consistent a due diligence
scheme that is approved by the
European Commission.
That could include the chain of
custody standards of the Responsible
Jewellery Council or the London
Bullion Market Association.
UPCOMING
EVENTS
IJL 2017
3 - 5 September 2017
Olympia London
Autumn Fair 2017
3 - 6 September 2017
NEC Birmingham
Handmade Edinburgh
27 – 29 October 2017
The Hub
August 2017 | jewelleryfocus.co.uk