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At five points in the past 500 million years, life on Earth was almost completely wiped out. We are now on the brink of a sixth mass extinction, and we are the cause. Can humans right their wrongs? The luxury industry must lead by example.
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.
Japanese watch firms are intent on beating the crisis and, with competition rife at entry level, are strengthening their footing in the mechanical market, as shown by last year's takeover of Frederique Constant by Citizen, and by Grand Seiko's international launch.
It's not every day that an insurance company paints the portrait of a typical Rolex owner. A British insurer has done just that, finding out who is behind the numerous policies on its books that include the brand with the coronet.
Swatch Group and the Swiss Centre for Electronics and Microtechnology, in Neuchâtel, have announced a partnership to develop a complete ecosystem for small connected devices, including watches. The first products should be ready for launch at end 2018.
Difficulties encountered in the markets these past 18 months have sparked major upheaval within the branch, with groups reporting a mixed bag of results alongside a raft of comings and goings at CEO level. Who's in, who's out? And more to the point, what to expect?
Falling sales of Swiss watches in 2016 raise questions as to the price hikes observed in recent years. There is, however, no obvious answer to the problem.
After eighteen months, the slump in watch sales is a bitter reality, reflected in flagging profits and redundancy plans. There is good news, however, as brands appear to have climbed down from their flying carpets and now have both feet firmly on the ground. A more stable terrain…
