China, which weighed on watch exports at end 2022, will be the key to activity in 2023, a year that opens with mixed prospects. Will China’s impact on luxury sales be as great as in 2021?
Once dismissed as a hang-out for unscrupulous traders touting fakes, in little more than a decade the pre-owned watch market has grown to remarkable proportions and is expected to surpass sales of new watches. Consultancy firm LuxeConsult predicts this reversal in roles for 2033.
Not only did exports hit a record high; 2022 proved to be a great year for the sheer scope of new releases. Brands had every category brilliantly covered. Part Two of a roundup of some of the watches that debuted in 2022.
Not only did exports hit a record high; 2022 proved to be a great year for the sheer scope of new releases. Brands had every category brilliantly covered. Part One of a roundup of some of the watches that debuted in 2022.
Switzerland’s watch industry recorded a bumper year in 2022. Figures from the country’s customs administration show that exports climbed by more than 10% to CHF 25 billion, bucking the trend of the global economic slowdown.
Holder of a PhD in economics, Head of Environmental Economics at Centre Scientifique de Monaco and lead author of the IPCC Special Report on the Ocean and Cryosphere in a Changing Climate and the Sixth Assessment Report (2021), Nathalie Hilmi talks about the ocean and blue finance.
Vast amounts of capital are needed to restore ocean health but investment falls short. The blue economy is gaining momentum but is still outpaced by the urgency of the situation. Not forgetting that this financialisation of nature is tied to limitless economic and financial growth – a premise many contest.
Pollution, carbon capture, energy production and biodiversity are all crucial factors in ocean conservation. Science advances our understanding and provides solutions.