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Articles on the subject: Economy

Officine Panerai Piccolo Due Madreperla with alligator strap
Economy
Luxury, biodiversity and the sixth mass extinction

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.

Thursday, 27 January 2022
8 min read
4
Patek Philippe Nautilus ref. 5711 1A-018 Tiffany Blue® lacquer dial (2)
Economy
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.

Monday, 20 December 2021
5 min read
The Swatch Art Peace Hotel was inaugurated in Shanghai at the beginning of November © Swatch Group
Economy
Swatch Group draws international artists to Shanghai

As part of its strategy to double its sales in China, Swatch Group has come up with a novel concept: a hotel that combines luxury, prestige, commerce and art. The Swatch Art Peace Hotel that was inaugurated in Shanghai at the beginning of November is the group’s flagship showroom in China with four luxury boutiques for the brands Swatch, Omega, Breguet and Blancpain.

Thursday, 08 December 2011
3 min read
Philippe Léopold-Metzger, CEO of Piaget © Piaget
Economy
Piaget will never be anything other than exclusive

Philippe Léopold-Metzger, CEO of Piaget, explains why China remains Asia's strongest market for watches and sets out his strategy for the next ten years: exclusivity, a stronger Jewellery business, and control of distribution. There can be no getting away from China, which is now the number-three destination for Swiss watch exports. But what about Asia overall? Philippe Léopold-Metzger, CEO of Piaget, gives his view.

Friday, 02 December 2011
4 min read
9
The National Council will probably rule on the Swissness project during the spring 2012. Thereafter, the project will go before the Council of States
Economy
Swiss made label Strengthening: fillip from the Swiss Parliament

The process aimed at strengthening the Swiss made label for watches has entered a new phase with the decision by the Legal Affairs Commission of the National Council to approve the Swissness project.

Thursday, 01 December 2011
Jean-Daniel Pasche
4 min read
T
Economy
The Swiss watch industry looks set for a record year

Jean-Daniel Pasche, President of the Federation of the Swiss Watch Industry, is confident the sector is heading for a record year in 2011, after the CHF 17 million achieved in 2008.

Friday, 04 November 2011
2 min read
Stephen Urquhart and Joe Steranka, CEO of the Professional Golfers’ Association of America (PGA) © Omega
Economy
Dear Uncle Sam

While the rest of the world has its eyes riveted on China as the luxury industry's new big thing, Omega is busy canvassing the United States, still the second biggest market for Swiss watch exports, growing almost 22% over the first eight months of the year.

Thursday, 20 October 2011
1 min read
5
Vacheron Constantin boutique in New York © Vacheron Constantin
Economy
US Watch Business Could be on the Upswing

If store openings are any indication of the state of the retail market, certain cities may be looking particularly healthy and well poised for retail sales.

Monday, 10 October 2011
4 min read
4
wandw-geneva-shanghai
Event

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