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.
On paper, the climate emergency fails to convince
As the planet and its population edge closer towards disaster and despite increasingly alarming IPCC reports, responses to climate change lack the necessary sense of urgency. Switzerland is one example.
Working towards sustainability
At end 2021, Kering and Richemont, represented by Cartier, launched the Watch & Jewellery Initiative 2030 in partnership with the Responsible Jewellery Council. This ambitious project comes on the tail of the Fashion Pact, and has the support of companies that are already well advanced on the road to sustainability.
Recycling: what’s not to like?
Whether recycling or upcycling, watches are a perfect fit for sustainable practices and the circular economy. Provided brands follow through. So far, it’s a case of “could do better”.
From dive watches to environmental advocacy
Dive watches are the only category of timepiece that must comply with an international standard. Having benefited from multiple technical advances, they are now synonymous with another vital challenge: ocean preservation.
Sustainability: a drop in the ocean?
The One Ocean Summit in Brest aims to mobilise the international community to take tangible action to save the ocean. Yet another emergency for the stricken planet. Part one: taking stock.
Luxury, biodiversity and the sixth mass extinction
At five points in the past 500 million years, life on Earth was almost completely wiped out. We are now on the brink of a sixth mass extinction, and we are the cause. Can humans right their wrongs? The luxury industry must lead by example.
