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Industry Prospective

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Economy
Swiss watch industry is over the crisis

Watch exports gained 1.4% over the first ten months of the year compared to 2019 and pre-pandemic levels. Financial results for the main luxury groups confirm this resurgence.

Thursday, 25 November 2021
4 min read
Photo 5 - De Bethune DB Kind of Two Tourbillon
Culture
Independents Day

A whirlwind weekend in Geneva of auction sales, Only Watch and the Grand Prix d’Horlogerie de Genève has confirmed the rise and rise of independent watchmakers.

Thursday, 18 November 2021
7 min read
12
W&W Sanya 2021
Economy
All eyes on Hainan, China

Since October 1st and until end December, Watches and Wonders has taken up residence in Sanya, in the island province of Hainan. This “Chinese Hawaii” is the subject of a recent report by McKinsey. At stake: a $40 billion market.

Tuesday, 02 November 2021
4 min read
9
The post-pandemic Swiss watch industry
Economy
The post-pandemic Swiss watch industry

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.

Thursday, 21 October 2021
6 min read
Photo 4 - Ninety, in London, is a certified seller of pre-owned Richard Mille watches.
Trend Forecaster
Second-hand mania

Philippe Dufour is setting salerooms alight; WatchBox has invested in De Bethune; Chrono24 has secured LVMH-backed funding; Watchfinder is presenting all the James Bond watches in its Paris showroom; Richard Mille has launched a certified network for its pre-owned watches… for watch fans, the moving and shaking is on the pre-owned market.

Tuesday, 21 September 2021
7 min read
6
China-SSE
Economy
China’s push for “common prosperity”

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?

Wednesday, 08 September 2021
6 min read
Romain-Gauthier-Insight-Micro-Rotor-Squelette
Culture
Mechanical watchmaking gets a boost from UNESCO

UNESCO’s inscription of mechanical watchmaking and art mechanics on the List of the Intangible Cultural Heritage of Humanity was a victory for those involved. Six months on, as the groundwork for future action is prepared, in Sainte-Croix initiatives are already well under way.

Monday, 12 July 2021
7 min read
5
New York flagship © Vacheron Constantin
Economy
All eyes on the US

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.

Monday, 28 June 2021
4 min read
6
industrie-du-luxe-en-2021-cover
Economy
Two scenarios for the luxury industry in 2021

The latest study from Bain & Co – Altagamma reports a return to growth for luxury in the first quarter. Will this play out for the entire year or – the more likely option according to Bain – will full recovery be in 2022?

Monday, 07 June 2021
4 min read
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