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?
Obliged by the Swiss competition commission to continue delivering its movement blanks until end 2010, Swatch Group, again in the commission's sights since last September, isn't backing down. It plans to purely and simply cease deliveries of its parts and movements to "bad" competition.
After cutting the ribbon at its first flagship store in Hong Kong on Christmas Day 2009, Corum continues to expand its network, with the brand's second store scheduled to open in Shanghai, home of World Expo, this June.
According to BernsteinResearch, the Internet is moving to the top of luxury companies' agenda for two reasons: softer European legislation pending on online sales, and the spectacular rise of a number of dedicated sites.
The phenomenon of counterfeiting has now reached an unprecedented scale. The value of the global counterfeit goods market could grow from $5.5 billion in 1982 to nearly $600 billion in 2010, which is 10% of world trade, according to Eric Woerth, the former French budget minister.
Price still isn't an obstacle for consumers of high-end products, although it plays a bigger part than before in purchasing decisions, according to a recent survey by OpinionWay for the International Luxury Business Association.
From its first incarnation with a barrel-shaped case, Chapter One from Maîtres du Temps now lends itself to a round case that is “architecturally-inspired,” in the words of this association of watchmakers, and still with the same fascinating combination of complications.