As the effects of climate change become more and more “tangible”, luxury’s leading names are responding to the need for urgent action to stem environmental destruction and loss of biodiversity.
Pushing the boundaries of its artistic design even further, Louis Erard reveals a completely unique triptych. Alain Silberstein was given carte blanche, designing the series of three watches like a picture over three panels. Three lots of 178 models at accessible prices.
Michel Arnoux, head of the anti-counterfeiting division at the Federation of the Swiss Watch Industry, talked about the Federation's experience in the field to an audience at the Salon Environnement Professionnel Horlogerie Joaillerie in June.
Montres Breguet was active on all fronts when its Chairman unexpectedly passed away: the unveiling of the Type XXII with a 10 Hz movement; stores opening in Shanghai and Singapore; the purchase of Breguet's manuscripts at auction, and completing restoration of the Petit Trianon. A fitting tribute to Nicolas G. Hayek.
On June 1st, new competition rules governing online sales of products and services were brought into effect by the European Commission. These give special status to luxury brands regarding sales of their products over the Internet, as IC-Agency explains.
Figures published by the Swiss watch industry's employer organisation, Convention Patronale de l'Industrie Horlogère Suisse, show that the sector shed 4,200 jobs in 2009 and now employs 49,100 people, the same as two years ago. As the organisation points out, fewer jobs have been lost than forecast and staff are more qualified than before.
The weather forecast is a daily ritual for millions of people. It has nothing to do with premonition; just a simple and rather ordinary announcement of what we can expect the next day, democratically broadcast to all.
The world's population of High Net Worth Individuals grew 17% in 2009 while their global wealth increased 19% to $39 trillion, according to the 2010 World Wealth Report. For the first time, HNWIs in Asia-Pacific, a prime destination for luxury goods, outnumber those in Europe.