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.
Articles on the subject: Economy
From early 2022, Panatere will be ready to supply the watch industry with recycled titanium produced using waste recovered from companies in the Swiss Jura, through a system initially set up for recycling steel. The company is also working on an itinerant solar furnace.
Since October 1st and until end December, Watches and Wonders has taken up residence in Sanya, in the island province of Hainan. This “Chinese Hawaii” is the subject of a recent report by McKinsey. At stake: a $40 billion market.
The Deloitte Swiss Watch Industry Study 2021 confirms a positive outlook for the sector, though not entirely without risks and challenges such as supply chain disruptions, greenwashing, falling export volumes, a diminishing appeal of Swiss-Made and reliance on China. There is still a lot to think about in a post-pandemic environment.
In partnership with the Responsible Jewellery Council, Cartier and Kering are launching the Watch and Jewellery Initiative 2030. Open to watch and jewellery brands across the globe, it lays down a common core of goals for the climate, natural resources and inclusiveness.
Xi Jinping’s call for “common prosperity” sent shudders through the stock market. This new policy, which portends a drop in purchasing power for the wealthiest Chinese, pushed down luxury share prices, which includes watch brands. What implications does this have?