Timm Delfs - In September 2006, Rolex bought a plot of land in the city of Biel. Following a public consultation on June 1st 2008, it can now build on it. Rolex says it intends developing a new complex that will combine existing buildings into a single unit, thereby considerably facilitating logistics.
Christophe Roulet - Record recruitments in 2007, high-end watch exports increasing some 40% in May, and a 6% rise in the number of high net worth individuals last year… life is beautiful for Fine Watches.
Florence Noël - The world’s second-largest luxury group moves ahead with its project to separate its tobacco interests from its luxury business, which will have its head office in Switzerland.
Christophe Roulet - With just 0.5% growth in March, Swiss watch exports have lost momentum. Certain analysts see this as the sign of an inevitable slowing-down. Meanwhile, Fine Watches continue to stay the course.
Florence Noël - Parmigiani has signed a partnership deal with Pershing, the Italian luxury yacht builder, an alliance that has resulted in an exclusive collection of sports chronographs.
Christophe Roulet - Virtually every brand currently recentering its activities, or intent on catching a second wind, swears by the Fine Watch segment, the golden ticket into the markets. Demonstration with Corum and Hublot.
Christophe Roulet - How to sum up Baselworld 2008? With 2,087 exhibitors, over 100,000 visitors and revenues of CHF 1.2 billion for Switzerland alone. For one week, the city-on-the-Rhine becomes the world capital of luxury.
Christophe Roulet - After four record years, the Swiss watchmaking sector is expected to slow down as from the second half of this year; Asia will undoubtedly be unable to compensate the decline forecast for Japan, the United States, and Europe.
Christophe Roulet - That the profession should be plagued by bottlenecks in production is no surprise, as Swiss watch exports grew 16.2% in 2007 to almost CHF 16 billion, a first in 18 years. Once again prestige watches have performed exceptionally well.
Marc Gaudet-Blavignac - The watch making sector is on a real roll with the increasingly insistent presence of wealthy Russian bidders, a safe investment and an anecdotal impact of the subprime crisis: there are endless reasons to explain the avalanche of records that has electrified sales at 2007 auctions.