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?
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.
The Fondation de la Haute Horlogerie (FHH) and the University of Art and Design in Lausanne (ECAL) have joined forces in a project to produce short films on the theme of counterfeiting. This partnership is part of a wider awareness campaign in which the general public and Swiss film-makers also play a part.