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News

Articles on the subject: Economy

Les Collectionneurs © Vacheron Constantin
Economy
Second-hand watches bring first-rate opportunities

The secondary watch market has been one of the year's biggest stories. From takeovers to dedicated sales spaces, from market studies to consumer analyses and brand-hosted events, pre-owned is hot news. And for a simple reason: at 8% growth per year, second-hand is the luxury industry's best-performing segment.

Monday, 30 November 2020
5 min read
9
Morgan-Stanley-cover
Economy
The Swiss watch industry loses a decade

Morgan Stanley anticipates that Swiss watch exports for 2020 will be down by around 20% to CHF 16 billion, thereby returning to 2010 levels. Deloitte is convinced this pillar of the Swiss economy will adapt and bounce back after a year of "accelerated transformation".

Monday, 23 November 2020
4 min read
© SBGA
Economy
Now's the time for watch industry due diligence

Precious metal and precious stone supply chain due diligence is becoming a matter of urgency for watch brands, whose reputations could be put on the line by mining in high-risk areas. The Fondation de la Haute Horlogerie is there to assist them in this crucial social and environmental transition.

Monday, 16 November 2020
5 min read
5
Mine interior in Coodmilla Cooperative Gaelle Tavernier © César Nigrinis
Economy
Artisanal gold mining, a blessing in disguise

Small-scale and artisanal mines have a crucial role in improving the lives of local communities but are also a target for organised crime, which makes them a controversial topic at the heart of the gold supply chain. This third and final article in the series looks at the challenges facing the informal mining sector as debated at the recent Basel Gold Day.

Monday, 09 November 2020
6 min read
6
Fairmined Gold Foundry
Economy
Gold refiner, a high-risk profession

Gold refiners were in the hot seat this summer, accused of inadequately controlling the origin of the gold they refine. This was one of the subjects up for discussion at Basel Gold Day, organised by Mark Pieth. Part two.

Monday, 02 November 2020
6 min read
gold-and-diamonds-cover
Economy
Is "clean" tomorrow's gold standard?

Reports confirm that younger generations are the most sensitive to sustainable development, which includes issues surrounding gold mining. What impact does this have in the field? The recent Basel Gold Day workshop, led by Mark Pieth, put the question on the table, starting with the role of the consumer.

Monday, 26 October 2020
5 min read
Origyn has created an app that enables users to authenticate an object from a photo, as well as obtain information on its identity, provenance, history and ownership.
Economy
Origyn's digital technology takes on the counterfeit industry

A new white knight is joining the fight against fakes. Origyn has developed a form of digital identification, thanks to which anyone can authenticate a luxury watch using nothing more than a photo and an app.

Monday, 19 October 2020
4 min read
3
Watches & Wonders, Shanghai 2020
Economy
Getting physical in China

Watches & Wonders Shanghai and Sanya have the advantage of being experiential events in the only place on earth where watch sales are on the rise. All in all, a winning formula.

Monday, 12 October 2020
4 min read
8
04_IWC_Galapagos_Mood
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