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Year 9 Issue 4 July-August 2009
Bulgari celebrates 125 years of Italian jewels of Rome...
Thai government gives green light to VAT cut on jewellery materials...
 
 
 
       
  Bulgari celebrates 125 years of Italian jewels at Rome
 
     Bulgari celebrated its 125th anniversary by anniversary by inaugurating its first-ever retrospective exhibit recently in the prestigious Exposition Palace of Rome that will remain open to the public to September 13, 2009.

     The "Between Eternity and History: 1884 - 2009" exhibit covers the most significant phases in the history and evolution of Bulgari design, from the opening of the first store on Via Sistina in 1884 to the present day.

     Attending the cocktail party for the inauguration was Rome Mayer Gianni Alemanno and many illustrious cultural figures, show business celebrities, well-known politicians, and important entrepreneurs in the Italian capital.

     Numerous ltalian and international stars journeyed to Rome to celebrate this historic achievement with the Bulgari family, including American television and film actress Jessica Alba, American television and film actress Ginnifer Goodwin, American actress and fashion icon Chloe Sa-vigny, legendary award-winning French actor Alain Dalon, American actor and former fashion model Jason Lewis, Spanish singer, songwriter, model, and actor Enriqua lglesias, American actress Selma Blair, English actress Samantha Morton, and Spanish actress Elsa Pataky.
 
 
a) Jessica Alba attends the Bulgari Between Eternity and History opening exhibition cocktail party held at the Exposition Palace recently in Rome. Photo by Elisabetta Villa / Wirelmage for Bulgari
b) Bulgari bracelet set with rubies & diamonds, circa 1934. The wide flexible openwork band formed of three latticework motifs set with cabochon rubies & small circular-cut diamonds, connect by geometrical set with further circular-cut & baguette diamonds, mounted in platinum
c ) Bulgari's Sautoid in yellow gold with coral, 1970s
 
     Also in attendance at the star-studded Bulgari event vvere ltaIian-Greek film and television actress Valeria Golino, Italian film actor Riccardo Scamarcio, actor Beppe Fiorello, Italian actress \/ittoria Puccini, italian actress Cristiana Capotondi, Italian film director Gabriele Muccino, Turkish film director Ferzan Ozpetek, Italian musician Claudio Baglioni, actor Luca Argentero, actor Stefano Accorsi, actress Valentina Cervi, Italian actress Francesca Neri, actor Giorgio Pasotti, and actress NicoIetta Romanoff.
 
     Francesco Trapani, managing director of the Bulgari Group, hosted tne event vvitn Paolo and Nicola Bulgari, respectively, the president and vice-president of the Bulgari Group.
     
     The inauguration of the retrespective exhibit also gave Bulgari a chance to increase its contribution to Save the ChiIdren’s "Rewrite the Future" campaign, which was created to provide a quality education to 8 millien children living in war—torn countries.. Bulgari has pledged to support this campaign threughout 2009.

     ln the presence of Charlette Petri Gernitzka, General Secretary of the lnternatienal Save the Children Alliance, Charlie MacCormac, managing directer of Save the Children USA, Claudio Tesauro, president of Save the Children Italia, and many other internatienal representatives of the organization, Bulgari presented a limited edition collection, for the tirst time in public, composed of 11 unique couture jewels and 7 luxury watches that will be auctioned off at Christie's New Yerk next December 8, 2009. The total estimated value of the jewelry and watches is approximately 3 million euros, and the entire proceeds will be donated to Rewrite the Future.
 
 
d) Actress Chloe Sevigny attends the Bulgari Between Eternity And History opening exhibition cocktail party held at the Exposition Palace in Rome, Photo by Elisabetta Villa,Wirelmage for Bulgari.
e) Bulgari necklace set with rubies, diamonds & an emerald, 1969. The centre supporting a detachable octagonal pendant set with a cabochon emerald in a frame of rubies & brilliant-cut diamonds, the chain formed of geometrical links set with diamonds & circular-cut rubies & brilliant-cut diamonds, mounted in gold.
f) Bulgari bracelet in 18K gold & diamonds, circa 1955. Designed as wide flexible band formed of four rows of gold palmette motifs each set at the centre with a brilliant-cut diamond.
 
     The inaugural cocktail as followed by an exclusive dinner at Castel Sant' AngeIo for all the celebrities who participated in Bulgari's important Charity campaign, the international Save the Children board, and a select number of Italian and international journalists. The Bulgari jewels and watches created to support Save the Children was also featured to promote Bulgari's commitment to the "Rewrite the future" campaign.

www.bulgari.com
 
 
g) Bulgari brooch with diamonds & sapphires, 1960. Of stylized flower-head cluser design composed of Oval cabochon & facetted sapphires of light & dark hues, highlighted by brilliant-cut diamonds.
h) Bulgari necklace in gold set with emeralds, rubies, sapphires & diamonds, 1967-1968. The front decorated with 10 large floral clusters set with cabochon sapphires in frames of brilliant-cut diamonds, cabochon emeralds & rubies, the back formed of similarly set foliate motifs.
I) Actress Selma Blair attends the Bulgari Between Eternity And History opening exhibition cocktail party held at the Exposition Palace recently in Rome. Photo by Ellisabetta Villa / WireImage for Bulgari.
j) Donatella Finocchiaro attends the Bulgari Between Eternity And History dinner in aid of the charity Save The children at Castel Sant' Angelo recently in Rome. Photo by Elisabetta Villa / Wirelmage for Bulgari.
k) Ginnifer Goodwin sttends the Bulgari Between Eternity And History opening exhibition cocktail party held at the Exposition Palavr recently in Rome. Photo by Vittorio Zunino Celotto / Wirelmage for Bulgari.
 
  Thai government gives green light to VAT cut on jewellery materials
   
 
 
     Recently, the Thai Gem end Jewelry Traders Asoscciation (TGJTA) held special meeting on "Thai government and its role in driving Thailand toward becoming the world’s Gems and Jewelry Hub " at Bangkok’s Grand Hyatt Erawan’s Grand Ballroom. The keynote speakers were Thailand’s Prime Minister Mr. Abhist Vejjajiva, Finance Minister Mr. Korn Chatikevanij, and Deputy Commerce Minister Mr. Alongkorn Ponlaboot.

     The Thai premier presided over the meeting and delivered a speech, saying the government has given the green light for the rough stones industry to pay 0% valued added tax (VAT) for all their rough stones and raw materiel imports. The manufacturers will pay only 1% tax when they sell the goods in Thailand.

 
 
     The change is aimed at lowering the industry’s tax burden and leading the Kingdom to being the "the World’s Gems and Jewelry Hub." The Thai jewellery manufacturers have long called for the tax break to help reduce their production costs. The industry can expect exports of around baht 300 billion for 2009.

     The PM said the tax cut would certainly improve the industry’s competitiveness in the global markets. Thai jewellers and craftsmen have the skill to compete worldwide, he added. Cutting production costs would further aid the industry’s growth and the development of Thailand as global jewellery and ornaments centre. The industry is one of the country’s biggest foreign-exchange earners, employing 1.1 million people and generating annual revenue of baht 280 billion.

     Meanwhile, Finance Minister Mr. Korn Chatikavanij said a formal decree supporting the tax cut will be drafted and submitted to the cabinet for approval shortly, so that it can then be implemented.

     The Minister mentioned that in 2000 the Thai government slashed import tariffs to zero for gold, a policy shift that helped boost the value for the jewellery sector from baht 60-70 billion per year to baht 200-300 billion currently.

     The tax cut should significantly reduce operating costs for Thai jewelers, who currently have to pay VAT upfront on all imported materials, even those destined for sale to export manufacturers. While importers may claim a VAT refund on materials used for export production,
the carrying costs is a considerable burden for manufacturers.

 
 
     Deputy Commerce Minister Mr. Alongkorn Ponlaboot said that the government policy will make the Kingdom more competitive, and cut production cost for entrepreneurs from Thailand. He believes this measure will benefit many parties, because currently the global economy is improving, which is the main factor to push Thailand as a jewellery production center of the world.

     TGJTA’s President Mr. Vichai Assarasakorn says the tax reforms would help boost the competitiveness of Thailand’s gems and jewellery industry Jewellery exports in the first five months of the year totaled baht 165 billion. Industry officials say they are confident that exports this year will reach the target of baht 300 billion.

     The CEO of the Bangkok Gems and Jewelry Fair, Mr. Somchai Phornchindarak, pointed out that the Kingdom is one of the centers which offer a wide and high—quaIity product range, reasonable labor costs, expert workmanship and manufacturing, as well as excellent service.

     Also at the meeting, Mr. Sornchai talked about the guidelines for the cooperation between the Thai government and the private sector in driving Thailand towards becoming the world’s gems and jewelry hub with the Department of Export Promotion’s Director General Mr. Rachane Potjanasuntorn, the Revenue Department's Director General Mr. Vinai \/ittavasgarnvej, and the Customs Department’s Deputy Director General Mr. Somchai Poonsawat.

     Mr. Somchai and other officials agreed that the tax with-drawal will attract more people to the forth coming Bangkok fair generating even more income for Thailand. He said that the strength of the Thai industry will be showcased at the 44th Bangkok Gems & Jewelry Fair to be held over September 15-19, 2009 at Challenger lmpact Arena, Muangthong Thani.