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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
Nicolas G. Hayek © Swatch Group
Economy
A watershed moment for Swiss watch production

Obliged by the Swiss competition commission to continue delivering its movement blanks until end 2010, Swatch Group, again in the commission's sights since last September, isn't backing down. It plans to purely and simply cease deliveries of its parts and movements to "bad" competition.

Friday, 04 June 2010
5 min read
3
V
Economy
Verbatim - Luxury has no price, and yet...

Price still isn't an obstacle for consumers of high-end products, although it plays a bigger part than before in purchasing decisions, according to a recent survey by OpinionWay for the International Luxury Business Association.

Wednesday, 19 May 2010
2 min read
Jean-Louis Dumas, who was the group's CEO from 1978 to 2006 and the member of its founding family, died on Saturday 1 May © Hermès
Economy
Verbatim - Hermès inflames desires and poses questions

In the first quarter of 2010, Hermès probably achieved one of the best performances in the industry, with organic growth in sales of 20%. This result has sustained the group's shares, especially with speculation rife over the possible acquisition of Hermès following the death of Jean-Louis Dumas.

Wednesday, 12 May 2010
2 min read
The national colours appear on the dial, while the three Mexican symbols are engraved on the case-backs of these limited editions. Audemars Piguet has chosen the Independence Column © Audemars Piguet
Economy
Revolution, independence, hours and minutes

Mexico and its iconic figures are an increasingly irresistible theme for watchmakers. Audemars Piguet, Jaeger-LeCoultre and Hublot are marking the bicentennial of the country's independence and the 100th anniversary of the Mexican Revolution, led by Pancho Villa and Emiliano Zapata.

Wednesday, 12 May 2010
Manuel Palos
6 min read
3
V
Economy
Verbatim - Citi Group: March Swiss Watch Exports, ticking along nicely

The Swiss watch industry has enjoyed a third consecutive month of growth after 14 months of decline, with exports up 33% in March including +36% in watches (February +14%, January +3%, CY09 –22%). This is the strongest month for more than a decade, albeit it was helped by a very soft comparative (–27%). The two-year cumulative growth rate improves to +6%, another positive. As seen in January and February, exports continue to benefit from exceptional recovery in Asia, the US and the Middle East.

Wednesday, 28 April 2010
2 min read
Economy
Verbatim - Ronnie Bernheim: reinforcing Swiss Made criteria will jeopardize jobs

Not everyone is happy with the "Swissness" project. Far from it, as swissinfo.ch explains. Currently under discussion by the Swiss parliament, it lays down tougher Swiss Made criteria, stipulating that at least 60% of watches' cost price must be produced in Switzerland, versus the current 50%. Around a quarter of manufacturers of low to mid-range watches have formed a Swiss Made Community of Interests to oppose the proposed revision of the law.

Wednesday, 28 April 2010
The FHH Journal editors
2 min read
2
wandw-geneva-shanghai
Event

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