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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.
Since the crisis triggered by the advent of the quartz watch in the 1970s, training new watchmakers was no longer a priority. Now the industry is seeking staff with the same urgency as jobs were cut back then. IWC in Schaffhausen, though, has never stopped training watchmakers.
Hong Kong is the bridgehead from which brands distribute their products in Asia, as this autonomous region's top export ranking clearly shows. Logistics and financial considerations are the two main reasons behind this success.
In September 2006, Rolex bought a plot of land in the city of Biel. Following a public consultation on June 1st 2008, it can now build on it. Rolex says it intends developing a new complex that will combine existing buildings into a single unit, thereby considerably facilitating logistics.
Plans are well under way for the establishment of an English chronometer test certificate. And its qualifying standard is to be higher than the Swiss COSC and German equivalents. Watchmaking in England, a new story.
