A year of the rabbit for watch brands?
China, which weighed on watch exports at end 2022, will be the key to activity in 2023, a year that opens with mixed prospects. Will China’s impact on luxury sales be as great as in 2021?
News
What next for the pre-owned market?
Once dismissed as a hang-out for unscrupulous traders touting fakes, in little more than a decade the pre-owned watch market has grown to remarkable proportions and is expected to surpass sales of new watches. Consultancy firm LuxeConsult predicts this reversal in roles for 2033.
Watchmakers stand up for the climate
The watch industry is doing its share to address climate change. This means energy-efficient buildings as well as offsetting measures and support for environmental initiatives.
Investors see opportunity in the watch sector
An influx of capital ends a year marked by a boom in sales at auction and on the pre-owned market as watches take on a new role as investment products.
Panatere: first steel, now recycled titanium
From early 2022, Panatere will be ready to supply the watch industry with recycled titanium produced using waste recovered from companies in the Swiss Jura, through a system initially set up for recycling steel. The company is also working on an itinerant solar furnace.
Swiss watch industry is over the crisis
Watch exports gained 1.4% over the first ten months of the year compared to 2019 and pre-pandemic levels. Financial results for the main luxury groups confirm this resurgence.
Skull watches offer a timely reminder
What better way to convince ourselves that life is for living than a skull on the wrist? As watchmakers like to remind us, we have but a short time on earth and should enjoy it while we can!
All eyes on Hainan, China
Since October 1st and until end December, Watches and Wonders has taken up residence in Sanya, in the island province of Hainan. This “Chinese Hawaii” is the subject of a recent report by McKinsey. At stake: a $40 billion market.
