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 value of Swiss watchmaking exports reached 1.7 billion francs in April. The 7.9% growth calculated against the month of April 2011 reflected a slowdown following an excellent first quarter. This increase is less pronounced but still robust. It suffered in particular from the unfavourable base effect, since April 2011 had seen a progression in excess of 30%. Despite this slowdown, April still achieved the highest value in absolute terms since the beginning of the year.
Young people are treasures of humanity, but how many are truly aware of the fact? How many will have access to a level of instruction that will enable them to turn their talent into their trade?
Geneva's May sales saw 940 timepieces change hands for CHF 45.8 million, of which CHF 30.3 million for Christie's, which realised its second-highest result for a watch sale and scored two-thirds of sales in three days dominated by Breguet.
Among the lots at a forthcoming sale at Christie's in Milan will be three exclusive Jaeger-LeCoultre watches, made in support of the Salam Centre in Khartoum, which is run by Emergency, an Italian humanitarian organisation which provides otherwise unobtainable treatment for children and adults suffering from heart disease.
In ten years, mechanical watches have seen their share of total exports increase from less than half to almost three quarters.