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DIT Group strengthens foothold in the UAE jewellery market

  • United Arab Emirates: Tuesday, July 01 - 2008 at 11:38
  • PRESS RELEASE

Italian luxury house DIT Group has entered the UAE's booming jewellery market by offering its high-end brands through Damas' vast retail network.

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  • Ilaria Furlotti, CEO of DIT Group.
    Ilaria Furlotti, CEO of DIT Group.
Founded in 2004, the Group houses signature brands Stefan Hafner, Porrati, Nouvelle Bague and Io Si, which are presently carried by 750 stockists across 30 countries.

The Group interprets Italian design tradition by harnessing strong values, technical and creative skills as well as efficient organisation. Based in Italy, it secures a place in the highly competitive jewellery industry by investing heavily in research and development, product design and strategic marketing.

Explained Ilaria Furlotti, CEO of DIT Group, "Our main goal is to offer the market a whole range of highly-positioned jewellery brands with strong identities and creative content that would affirm the best values of Italian leadership in design."

In 2007, DIT Group posted a 30% increase in turnover from previous year. First quarter results of this year indicate further growth as new collections have been well received by retailers worldwide. The Group has increased production to meet the requirements of new markets opening their doors to DIT brands.

Tawhid Abdullah, Managing Director of Damas, the exclusive retailer of DIT brands in the Middle East, elaborated, "According to the latest figures, the UAE imports Dhs3.1bn worth of Italian jewellery, officially making it the largest market for Italian gold jewellery worldwide.

DIT Group is responding to the huge demand in the country by proposing collections that meet the highest design and manufacturing standards. Io Si, Stefan Hafner, Nouvelle Bague and Porrati expand the range of options available to our discerning customers."

Furlotti pointed out that creativity plays a dominant role in managing their brands. "We love to be leaders instead of followers. The creative input of our designers is of utmost importance to us and we ask the best Italian craftsmen to contribute all their know-how to solve technical problems instead of altering details of our designers' vision. We tend to start trends rather than follow them."

Currently, international jewellery brands count the Middle East as a priority market with the UAE at its core. DIT brands, particularly Stefan Hafner and Porrati, are popular among the country's residents and tourists alike owing to their unique designs, special materials and superior craftsmanship. The DIT Group is making available the following premium jewellery brands through Damas:

Stefan Hafner

Made famous by its opulent and seductive creations, the eponymous brand was born in Bologna in the 70s. Each piece features outstanding craftsmanship using precious stones, mainly diamonds, in accentuating rich organic forms.

Porrati

Roberta Porrati founded the highly successful brand in Valenza ten years ago. It offers feminine and highly fashionable creations distinguished by the creative use of gold and precious stones. The brand introduces thematic collections that interpret the latest fashion trends.

Nouvelle Bague

Inspired by Florentine art and poetry, the brand was founded in Florence by Leopoldo Poli three decades ago. It experiments with the application of coloured enamel, occasionally embellished with diamonds. Its dramatic colours, universal symbolisms and decorative elements create playful, entertaining creations.

Io Si

Founded in Milan by Fulvio Maria Scavia in 2000, the brand has since then produced limited edition jewels with very strong contemporary design. It takes inspiration from modern architecture to create pieces for daily wear.

DIT Group's strong partnership with a key player in the UAE has allowed its brands to be in the best locations, supported by professional customer service.

"Specific needs of customers in this strategic market are constantly kept in mind by our communication and creative staff. We slightly differentiate our product offerings and communication policy according across markets; and this is complemented by the local knowledge of our partners such as Damas," said Furlotti.

"The jewellery business is a question of soul. In DIT Group, every brand must develop a specific soul. We can look for synergies in many operational subjects, and we did it with good results, but creativity and marketing must develop, without compromise, the particularities of each single brand," she concluded.

DIT Group's premium jewellery brands Stefan Hafner, Porrati, Nouvelle Bague and Io Si are available at select Damas Les Exclusives Boutiques across the UAE. Exclusive boutiques of Porrati and Stefan Hafner are located in Wafi and Burjuman Centre, respectively.
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For more information please contact:
The Idea Agency PR Department
Tel: 04-3434424
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About Damas:
The journey of Damas began in 1907, and today it has grown from a UAE based company into a global fashion and jewellery network spanning UK, Italy, Libya, Turkey, Egypt, Sudan, Jordan, Maldives, India, Lebanon, and throughout the GCC countries with about 400 sales points worldwide.
Damas houses internationally acclaimed jewellery and watch brands such as Tiffany & Co., Mikimoto, Daniel K, Gucci, Faberge, Carrera y Carrera, Paspaley, Pasquale Bruni, Roberto Coin, Fope, Chronoswiss, Parmigiani, Perrelet, Quinting, Montega, Frederique Constant, among many others.

The innovative in-house collections include the majestic Bridal jewellery, exclusive jewellery brands such as Damas Cut, Boudoor, Hayati, Riwaya, Jawaher, Farasha, Fairouz, Harmony, Farfasha, Al Manthourah; watch brands Varotti and Aquamarin; and a wide range of other classic and contemporary jewellery and watch collections.
Quality consciousness, inspirational leadership and international reputation have led Damas to win prestigious awards including the exclusive De Beers Award 2000, 2004 and 2007 for jewellery design.

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