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entrepreneurSpotted July 2026

Entrepreneur Otabek Umarov spotted wearing a Richard Mille

entrepreneur Otabek Umarov spotted wearing a Richard Mille RM 011
Who & what: Brown Ceramic Richard Mille RM 011 Felipe Massa Limited Edition – Asia Exclusive (Limited to 50 Pieces)

Otabek Umarov, Vice-President of the Olympic Council of Asia and FIA Senate member, appeared at the FIFA World Cup final alongside his wife, Shahnoza Mirziyoyeva, a member of the World Aquatics Bureau. The Uzbekistan-based executive wore a brown ceramic Richard Mille RM 011, a limited-edition collaboration with three-time Formula 1 champion Felipe Massa, distributed exclusively through Richard Mille's Asian boutiques.

The RM 011 houses the proprietary RMAC3 calibre, a high-frequency automatic chronograph movement operating at 4 Hz with a power reserve exceeding 55 hours. The tonneau case measures 49.94 × 41.94 × 15.45 mm and combines brown ceramic—a material chosen for its thermal and scratch-resistant properties—with a titanium caseback. The dial features a skeletonised layout revealing the movement's architecture, with subdials positioned at 3 and 9 o'clock for elapsed seconds and minutes. Water resistance reaches 100 metres, adequate for daily wear but not diving. The brown ceramic bezel houses a sapphire crystal insert, and the matching brown rubber strap with titanium deployant clasp completes the design.

Richard Mille released this Felipe Massa variant as part of its partnership with the retired Ferrari driver, leveraging motorsport credibility to justify the brand's premium positioning. Limited to 50 pieces globally, the Asia exclusivity further restricts secondary-market supply, intensifying demand among collectors in Hong Kong, Singapore, and the Middle East. The RM 011 in steel and titanium represents one of the brand's flagship chronograph references, but ceramic versions command significant premiums due to material scarcity and limited production runs.

Omarov's choice reflects contemporary ultra-high-net-worth tastes: Richard Mille appeals to entrepreneurs and sports-connected figures seeking visibility through technical achievement rather than heritage branding. The pairing of a motorsport-linked chronograph with a World Cup appearance signals aligned interests in performance, exclusivity, and international sporting prestige.

Retail pricing for this limited edition exceeded $330,000 USD at launch. Secondary-market examples rarely surface; when they do, asking prices typically range from $380,000 to $450,000 depending on condition and provenance. Asian grey-market dealers occasionally list comparable RM 011 ceramics in the $360,000–$420,000 range, though demand outpaces supply significantly.

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