{"id":18110,"date":"2022-08-17T09:32:24","date_gmt":"2022-08-17T09:32:24","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=18110"},"modified":"2022-08-31T12:36:56","modified_gmt":"2022-08-31T12:36:56","slug":"messika-opens-third-store-in-saudi-arabia-in-al-khayyat-centre","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2022\/08\/17\/messika-opens-third-store-in-saudi-arabia-in-al-khayyat-centre\/","title":{"rendered":"Messika opens third store in Saudi Arabia in Al Khayyat Centre"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\nParisian luxury jewellery brand Messika has opened a store in Jeddah\u2019s Al Khayyat Centre amid its global expansion.<\/p>\n<p>The store, which spans 70 square metres, is the brand\u2019s third in the <a href=\"https:\/\/www.meretailnews.com\/2022\/08\/05\/consumers-in-saudi-arabia-increasingly-open-to-small-businesses-says-report\/\">kingdom<\/a> and 12th in the Middle East.<\/p>\n<p>Last month, Messika launched its Beyond the Light collection, inspired by ancient Egyptian culture.<\/p>\n<p>The Akh-Ba-Kaset design, the collection\u2019s centrepiece, features 15 diamonds cut from a 110-carat stone, the largest acquired by the brand.<\/p>\n<p>In April, Messika launched its first Ramadan campaign, in collaboration with female creatives from across the region.<\/p>\n<p>Collaborators included Saudi Arabian actress Mila Al Zahrani,\u00a0 Emirati singer Almas, and Kuwaiti actress Eman Al Hussaini.<\/p>\n<p>The Middle East\u2019s <a href=\"https:\/\/www.meretailnews.com\/2022\/03\/28\/middle-east-luxury-goods-market-reached-9-7-billion-in-2021\/\">luxury retail market<\/a> in 2021 was valued at $9.7 billion, a 23 per cent increase from its $7.9 billion value in 2019 and a 24.6 per cent increase from its $6.8 billion value in 2020, according to the Chalhoub Group\u2019s <em>GCC Personal Luxury in 2021: A Story of Early Recovery and Growth<\/em>.<\/p>\n<p>The high-end jewellery market was valued at $3.9 billion last year, a 16 per cent growth from 2019, after recording a 19 per cent decline in 2020 amid the Covid-19 pandemic.<\/p>\n<p>The report estimates the jewellery market will grow eight per cent by the end of next year.<\/p>\n<p>The luxury goods market is estimated to reach $11 billion by the end of next year, rising at a compound annual growth rate of seven per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Luxury jewellery brand Messika continues global expansion plans by opening a store in Al Khayyat Centre, Jeddah. <\/p>\n","protected":false},"author":39,"featured_media":18111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,1],"tags":[4259,4258,4257,2683],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/18110"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=18110"}],"version-history":[{"count":6,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/18110\/revisions"}],"predecessor-version":[{"id":18370,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/18110\/revisions\/18370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/18111"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=18110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=18110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=18110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}