The Deloitte Swiss Watch Industry Study 2021 confirms a positive outlook for the sector, though not entirely without risks and challenges such as supply chain disruptions, greenwashing, falling export volumes, a diminishing appeal of Swiss-Made and reliance on China. There is still a lot to think about in a post-pandemic environment.
Articles on the subject: Economy
In partnership with the Responsible Jewellery Council, Cartier and Kering are launching the Watch and Jewellery Initiative 2030. Open to watch and jewellery brands across the globe, it lays down a common core of goals for the climate, natural resources and inclusiveness.
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?
As Apple Watch sales continue to climb and Swiss watch exports slide, how much does customer experience contribute to the respective appeal of these two very different products?
As the effects of climate change become more and more “tangible”, luxury’s leading names are responding to the need for urgent action to stem environmental destruction and loss of biodiversity.
With Swiss watch exports to the United States rising 20% over the first five months of the year compared with 2019, the US has a lot to offer. Despite being a “difficult” market for Swiss brands to work in, it represents a welcome complement to China.
As Chopard celebrates the 25th anniversary of its movement-making facility in Fleurier, co-president Karl-Friedrich Scheufele talks about the family values of a brand that has made independence its hallmark.