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.
“Repairing” the ocean
The good news coming out of the Watch Forum, organised in Geneva by Watches and Culture on the theme of sustainability, is that marine ecosystems can regenerate. The bad news is that, despite the urgency, the ocean still isn’t at the top of every agenda.
The case for a sustainable business model
For sustainability to be more than a rhetorical question, it must become embedded in business strategy. This was the message at the Watch Forum, organised in Geneva by Watches and Culture.
The power of diversity
In an industry where women are conspicuously absent from managerial positions, diversity and inclusion bring competitive advantage. The Watch Forum on sustainability, organised by Watches and Culture, explored this theme.
Gold supply: “Not as good as we want to be but better than ever”
Artisanal and small-scale gold mines have a poor track record in terms of social and environmental practices, compounded by lack of transparency and traceability. Experts at the Watch Forum, organised by Watches and Culture, were unanimous as to the need to bring these mines into the supply chain.
The benefits of going round in circles
The circular economy is often named as a lever for sustainable development. At the Watch Forum organised by Watches and Culture, the CEOs of Panerai and Ulysse Nardin spoke about their experience, after an informative introduction by the World Business Council for Sustainable Development.
Nature and climate: one and the same battle
Human activity is as destructive for nature as it is for the climate... even if the latter, more quantifiable, dominates the conversation. Such was the message from experts speaking at the Watch Forum on sustainability, organised by Watches and Culture.
