Watches and Culture hosted the first Watch Forum on September 13. Themes of transparency, honesty and responsibility emerged from this immensely successful day of debate on sustainability in the watch industry.
The Watch Forum 2022*, which takes place in Geneva on September 13, has sustainable development as its theme. Organised by Watches and Culture, it gives industry professionals a platform to discuss and debate responsible growth.
Eight months of pro-democracy protests in Hong Kong have put paid to the region's status as the number-one market for Swiss watch exports, overtaken by the United States in January. The coronavirus outbreak is likely to have further impact in the first half-year.
For luxury brands to capture and hold the attention of Asia's luxury shoppers, they must listen to fans, go behind the scenes of social media and connect with commerce.
The Fondation Cartier pour l’art contemporain exhibits the work and activism of Claudia Andujar. For over five decades, she has devoted her life to photographing and protecting the Yanomami, one of Brazil’s largest indigenous group.
The outbreak of coronavirus could weigh heavily on watch brands' bottom line, given that the traditional Lunar New Year spending spree didn't happen. Asia, excluding the Middle East, accounts for 44% of Swiss watch exports, suggesting a chaotic year ahead.
Recently published statistics reveal a curious state of affairs: volume sales of Swiss watches are falling, but value and employment are increasing. In other words, the higher the price, the better the business.
During the crucial end-of-year period, Richemont increased sales by 6%. This is excellent news for the group, which has more than made up for the headwinds in Hong Kong that are buffeting every segment of the luxury market.