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?
Reinhart Casutt, director of the Geneva School of Horology, explains the role played by the Swiss Exhibitions in the training of horology students; there is still a marked difference in the reception of students at the Basle and Geneva Exhibitions. Details below.
After four record years, the Swiss watchmaking sector is expected to slow down as from the second half of this year; Asia will undoubtedly be unable to compensate the decline forecast for Japan, the United States, and Europe.
As the recent Intellectual Property Day at Geneva University's School of Law clearly spelled out, counterfeiting is a global scourge and the weapons with which to fight it still lack bite. The first in a three-part file.
With the Basel and Geneva watch fairs just around the corner, more and more watch brands are inviting journalists, and often retailers, to exotic destinations in order to familiarize them with their latest product lines before they go officially on display.
The watch industry turns regularly to Ecole Polytechnique de Lausanne (EPFL) to feed its appetite for innovations in microtechnology and materials. More importantly though, companies see the school and its graduates as providing a highly-qualified workforce.
With exports growing 16% last year to almost CHF 16 billion and a further 23% in January 2008, the Swiss watch industry, if we needed reminding, is hot property. Were we to look only at Fine Watches, the market goes from hot to boiling-point, gaining 25.3% in value terms over the twelve months of 2007 to reach CHF 7.83 billion (up 16.7% in volume terms), and almost 40% for the first month of 2008 (+45% in volume), according to statistics published by the Federation of the Swiss Watch Industry.