The Diamond Dispatch

Bulova marks its 148th anniversary with a tribute to automotive legend Carroll Shelby, launching a limited-edition chronograph inspired by the iconic 1966 Le Mans victory. The Bulova x Shelby Racing Chronograph features a high-frequency Precisionist movement, ensuring accurate timing, and is encased in a striking blue and white ‘Cobra’ design. Each of the 7,500 pieces comes with an impressive 8-hand chronograph and a die-cast model of the legendary GT500, celebrating Bulova’s enduring connection to American motorsport. Priced at £995 or $1,350, the watch is now available through select retailers and online.

Sotheby’s has announced a landmark auction on December 5 in Abu Dhabi, featuring an extraordinary complete set of the Patek Philippe Star Caliber 2000, which is poised to exceed an estimated $10 million. This collection, comprising four sophisticated timepieces, stands as a pinnacle of watchmaking due to its technical complexity and aesthetic marvel. Previously, only a single model from this line had been auctioned, fetching $3.3 million in 2012. With the auction set to attract high-profile collectors, it promises to be one of the year’s most significant highlights in the luxury watch market.

Laura Ashley has officially launched its third jewellery collection, “Waters Edge,” in collaboration with Gecko Jewellery, featuring exclusive pieces made from recycled sterling silver. Drawing inspiration from the moorland scenery and autumnal colors, the collection highlights a range of beautifully crafted items, including the elegant Broadoak locket necklace and the intricately designed Cathedine set. Emphasizing sustainability, every piece reflects a commitment to ethically sourced materials, reinforcing the brand’s dedication to eco-friendly practices while reviving its rich heritage through design.

Recent Goods and Services Tax (GST) reforms have been hailed as a significant boon for India’s diamond and jewellery industries. The exemption of Integrated Goods and Services Tax on small diamond imports, alongside a reduction in GST on jewellery boxes from 12% to 5%, is expected to alleviate financial pressures on exporters and retailers alike. Industry leaders, including GJEPC Chairman Kirit Bhanushali, expressed optimism that these changes will not only lower consumer costs but also stimulate domestic demand, reinforcing India’s competitive position in the global jewellery market.

Apple has marked eleven years since the launch of the Apple Watch by unveiling a series of advanced new models, set to redefine health monitoring and smartwatch functionality. The latest additions feature enhanced capabilities such as hypertension detection and a new sleep scoring system, alongside significant design upgrades like an always-on display for the Apple Watch SE and satellite connectivity in the Ultra 3. Pre-orders have begun, with sales scheduled to start on September 19, further solidifying the Apple Watch’s position in the competitive wearable market.

The inaugural Saudi Arabia Jewellery Exposition (SAJEX 2025) is set to take place from September 11 to 13 at the Jeddah Superdome, featuring over 200 exhibitors from countries including India, the UAE, and Hong Kong. With an expected attendance of 2,000 trade buyers, the event aims to boost bilateral trade and highlight Saudi Arabia’s growing prominence in the luxury market. A key highlight will be the World Jewellery Investment Forum, discussing investment opportunities in line with Saudi Arabia’s Vision 2030 goals. The initiative reflects deepening ties between India and Saudi Arabia in the jewellery sector, with projections estimating the Kingdom’s jewellery market could reach USD 8.34 billion by 2030.

The Gem & Jewellery Export Promotion Council (GJEPC) has unveiled plans for the inaugural Saudi Arabia Jewellery Exposition (SAJEX 2025), scheduled for September 11-13 at the Jeddah Superdome. Supported by the Indian government and various organizations, the event aims to bring together over 200 exhibitors and 2,000 trade buyers, showcasing a diverse array of jewellery including diamonds, gold, and lab-grown options. Central to the exposition will be the World Jewellery Investment Forum, where industry leaders will explore the lucrative potential of Saudi Arabia’s rapidly evolving jewellery market, projected to reach USD 8.34 billion by 2030. The initiative underscores the strengthening economic ties between India and Saudi Arabia, creating a platform for collaboration in one of the region’s most promising sectors.

George at Asda is set to launch a pioneering 28-piece adaptive clothing collection on 15 September, aimed at enhancing dignity and comfort for those with additional medical needs. Inspired by the late breast cancer advocate Nicky Newman, the range features practical elements such as discreet openings for medical devices and easy fastenings. Developed in collaboration with Newman and her community over nearly two years, this collection not only meets a pressing demand for accessible fashion but also embodies a heartfelt tribute to a champion of inclusivity.

The GST Council has approved a simplified two-slab tax structure, maintaining the 3% GST rate on precious metals amidst a significant overhaul aimed at streamlining compliance and reducing disputes. This decision has been met with relief from the jewellery industry, which is buoyed by the assurance that prices will remain stable, aiding in effective pricing strategies. While the specifics of the implementation timeline are yet to be finalized, this reform marks a pivotal moment in India’s tax landscape, offering potential benefits across various sectors while safeguarding the interests of consumers and industry alike. Detailed guidelines are expected soon to clarify the transition process.

Glassware is undergoing a remarkable transformation, evolving from functional items to exquisite pieces of home décor. With Italian brands leading the way, colorful drinking glasses and elegant vases are enhancing interiors with bursts of light and personality. The artisanal craftsmanship of handblown Murano glass continues to be celebrated, exemplifying a harmonious blend of tradition and contemporary innovation. As decorative glassware takes center stage, homeowners are finding that vibrant colors and unique textures can effortlessly personalize their living spaces.