A year of the rabbit for watch brands?
China, which weighed on watch exports at end 2022, will be the key to activity in 2023, a year that opens with mixed prospects. Will China’s impact on luxury sales be as great as in 2021?
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What next for the pre-owned market?
Once dismissed as a hang-out for unscrupulous traders touting fakes, in little more than a decade the pre-owned watch market has grown to remarkable proportions and is expected to surpass sales of new watches. Consultancy firm LuxeConsult predicts this reversal in roles for 2033.
Gucci looks to Haute Horlogerie to rekindle growth
After meteoric growth between 2015 and 2019, Gucci is looking for new ways to boost performance. The roadmap for 2021, the brand’s 100th anniversary year, includes a foray into Haute Horlogerie. The first watches are already on display, Place Vendôme in Paris.
Diamond enters the blockchain
LVMH, Richemont and Prada have just announced the launch of the Aura blockchain. In the diamond sector, nanotechnology and blockchain-enabled solutions are emerging as the future of traceability.
Asia breathes life into luxury sales
As Europe continues to lag behind, Asia surges ahead and the United States is recovering well, signalling a strong start to the year for the luxury industry.
Watch brands turn to blockchain
As discussed at one of the Watches and Wonders Geneva panels, blockchain technology is making inroads in the watch industry as a means of authentication that also opens up new possibilities for customer relations.
Mission accomplished for a successful Watches and Wonders
An ambitious initiative that delivered on its promises. After ten intense days that put watchmaking worldwide in the spotlight, Watches and Wonders 2021 brings down the curtain on a truly successful edition. New releases, major announcements, exceptional creations, panels, discussions and a hugely popular Morning Show kept interest at a high throughout what was the most important watch Salon ever held online and offline. The enthusiasm surrounding the leading names gathered in Geneva then in Shanghai can be measured by how widely the event was relayed around the globe, generating hundreds of millions of views on social media, to single out Watches and Wonders as a key gathering in a particularly delicate sanitary context.
A new Panerai Luminor Marina made with recycled steel
Panerai forges ahead with its mission to bring more circular practices to the world of watchmaking with a Luminor Marina built from an innovative metal.
