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.
Articles on the subject: Economy
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".
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.
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.
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.
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.
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.