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?
The recent spring sales in Geneva certainly lived up to expectations, particularly at Christie's. At the end of an eight-hour marathon, the auction house garnered a total CHF 30.3 million (EUR 25.5 million), its second highest ever result including record prices for two Breguet timepieces. The international head of Christie's watch department, Aurel Bacs, spoke enthusiastically about the depth of bidding with buyers from 42 different countries, and the strong presence of private collectors who took eight of the day's top ten sales.
In Emilia, a fertile region of northern Italy, time stood still for long seconds. Again and again. Clock towers, medieval turrets and ancestral homes where locals gathered in times of celebration or danger are now just a pile of rubble.
A portrait of Julien Schaerer, managing director of Antiquorum Geneva since end 2010, fresh from the auction house's two spring sales, which garnered a total CHF 13.8 million.
The FH centre in Japan has published the results of a survey carried out among 1,500 Japanese consumers aged 20 or older with an interest in luxury watches.
The group, based in La Chaux-de-Fonds, has set up a new company, Optimo Assortments, which will supply full assortments to the watch industry as of the second half of the year, with the capacity to produce 400,000 kits a year. In doing so, it positions itself as the only serious alternative to Swatch Group.