With the economy back in business and exports on the rise again, brands are newly inclined to show off their capacity for innovation and imagination. Here are some of the watches from the stream of recent releases.
Xi Jinping’s call for “common prosperity” sent shudders through the stock market. This new policy, which portends a drop in purchasing power for the wealthiest Chinese, pushed down luxury share prices, which includes watch brands. What implications does this have?
Taken over by Hublot in 2011, Profusion has virtually doubled in size since. As well as finishing, assembling and gem-setting cases for Hublot's most exclusive timepieces, it brings to the table unique expertise in carbon, a coveted material and a speciality at Hublot.
The excellent result for May 2011 was comfortably exceeded. Swiss watch exports increased by 16.2% last May to a level of 1.9 billion francs. This growth is in phase with the level at the beginning of the year and seems not to have suffered from a very unfavourable base effect, contrary to April. Over the first five months, watch exports were up 15.2% to 8.2 billion francs.
At end March this year, Vacheron Constantin announced the creation of the Cercle 250. This autumn, the company will present the half-dozen corporate patrons who will form the heart of the initiative and its commitment to safeguard time-honoured skills and heritage.
An initiative of the magazine GMT, the Geneva Watch Tour invites visitors to discover Geneva’s watch industry through its shops and historic monuments.
Investment funds, an industry in their own right, couldn't fail to spot watches' potential to yield high return. Enter Precious Time, an investment vehicle launched in January 2011 by Elite Advisers.