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?
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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.
"I don’t believe luxury is in crisis"
The French sociologist and philosopher Gilles Lipovetski was in Geneva to lecture students at the city’s Haute École de Gestion who are preparing the new Masters of Advanced Studies in luxury management. He spoke to Christophe Roulet about the future of luxury.
Greubel Forsey’s new architectural signature
Greubel Forsey’s new manufacture, just outside La Chaux-de-Fonds, makes a subtle nod to the brand’s timepieces whose technical complexity has borne a certain influence on how the space is organised.
From Lehman Brothers to Fine Watchmaking
Symbolically at least, this is how it began. When Lehman Brothers collapsed in September 2008, a wave of panic swept through the world’s financial markets and the global economy. How has this affected the watch segment, which this year risks a shortfall of between three and four billion Swiss francs?
Christmas will bring little cheer for watch brands
Christmas is a critical period for watch brands, with some making up to 40% of their annual revenues over the holiday season. This year, the majority have put together strategies aimed at boosting declining sales.
Patek Philippe: caring for watches for generations to come
Like the Manufacture in Geneva where its watchmakers are trained, Patek Philippe’s service centre in Spain has the expertise to repair contemporary watches and restore vintage models.
Recession notwithstanding, watchmaking is still an attractive career
No courses have been cancelled and, after a slighter smaller intake this year, the number of places will increase in 2010.
