A year of the rabbit for watch brands?
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?
News
What next for the pre-owned market?
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.
A Tribute to Nicolas George Hayek (19/2/1928 – 28/6/2010)
Very few men achieve such high iconic status in their own lifetime as that of Nicolas G Hayek. His pivotal involvement in the reconstruction of the Swiss watch industry will be studied, analysed, and emulated as an example to which many may aspire but only a very select few can achieve.
The Swiss Watch Federation tracks counterfeiters in the field
Michel Arnoux, head of the anti-counterfeiting division at the Federation of the Swiss Watch Industry, talked about the Federation's experience in the field to an audience at the Salon Environnement Professionnel Horlogerie Joaillerie in June.
Breguet offers an apotheosis for its late Chairman
Montres Breguet was active on all fronts when its Chairman unexpectedly passed away: the unveiling of the Type XXII with a 10 Hz movement; stores opening in Shanghai and Singapore; the purchase of Breguet's manuscripts at auction, and completing restoration of the Petit Trianon. A fitting tribute to Nicolas G. Hayek.
"Luxury brands can successfully make the Internet transition"
On June 1st, new competition rules governing online sales of products and services were brought into effect by the European Commission. These give special status to luxury brands regarding sales of their products over the Internet, as IC-Agency explains.
