Riyadh International Luxury Week officially opened today, November 9, to host a variety of iconic luxury brands. The event, which concludes on November 12, will feature everything from jewellery to watches and bridal collections.
Saudi Arabia remains the biggest market for high-end products in the region and this exclusive event, which is being held at Al Faisaliah Hotel in Riyadh, will showcase the giants of that world an exceptional exhibition.
The show was inaugurated in the presence of well-known personalities and ambassadors from several nations, who were present to support their brands. As many as 60 international companies are taking part in the event. Along with the spectacular displays, there will also be panel discussions tapping into the high-end watchmaking segment.
“Between now and 2025, the jewellery and watches industries is expected to grow globally at 3 to 4 percent per year (fine jewellery) and 1 to 3 percent per year (watches). To stay in line with this growth it is time for a comeback with this show by adding to its portfolio a bridal fashion section to combine all the beautiful things that a bride wants,” said Abdulrahman Alzeer - CEO of Riyadh International Luxury Week.
A slew of exclusive collections of jewellery and high-end watches will be showcased at the Riyadh International Luxury Week for the first time. Several countries, including France, Italy and USA, along with legendary Swiss watch companies, will be part of the event. Also, premiering in Saudi Arabia will be intricate time pieces from renowned manufacturers such as Jacob & Co., A. Lange & Sohne, Louis Moinet, Arnold & Son, BOVET, Franck Muller and Mouawad Jewellery. Some of these time pieces cost upwards of $1 million.
Abdulrahman Alzeer, CEO of Riyadh International Luxury Week, added: “All of Riyadh’s features set the groundwork for job creation, economic growth, investment, and many more opportunities. We are proud to play part in Saudi Arabia’s vision that is aimed to become one of the 10 largest city economies in the world and is longing to grow businesses and increase its residents from 7.5 million today to around 15-20 million in 2030”.
