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?
After its pioneering use of silicon, Ulysse Nardin strikes again with diamond. The first industrial unit producing silicon components with a nanocrystalline diamond coating is now up and running in Sion.
Since July this year, water-resistant watches must conform to a new standard, ISO 22810. It turns the situation around by defining water-resistance criteria but giving no indication of the procedure manufacturers must follow to comply.
Year after year, LVMH has patiently acquired shares and derivatives in Hermès and now holds 17% of its capital and 10% of voting rights. While the luxury giant denies any takeover plans, it is now Hermès' biggest single shareholder.
Three auction houses - Christie's, Sotheby's and Antiquorum - are in the starting blocks for three days of sales which, twice a year, maintain Geneva at the forefront of fine watch auctions. Will the May 2010 record of a total CHF 42 million be broken? Answer on November 15th.
Zenith has developed a gyroscopic system based on the principle that the regulating organ of a timepiece is never more efficient, in terms of amplitude, than in a perfectly horizontal position. The result, a world first, is the Zenith Christophe Colomb.
With a population of 1.2 billion, India is Asia's third biggest economy yet accounts for just 2% of the global luxury market. At a lunch in conjunction with the Fondation de la Haute Horlogerie, the Financial Times' South Asia Bureau Chief spoke about the prospects for a country yet to reach its full potential.