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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.
An influx of capital ends a year marked by a boom in sales at auction and on the pre-owned market as watches take on a new role as investment products.
At Dubai Watch Week, organiser Ahmed Seddiqi & Sons and US-based specialist WatchBox announced a joint venture to develop the certified pre-owned watch market in the region.
Fortune continues to smile on luxury companies in 2019, despite a volatile environment. Among them, Richemont is proving its "resilience" to geopolitical tensions.
At $120 per share or €14.5 billion, LVMH's offer for Tiffany was judged too low. Now the battle is on between luxury mastodons, which includes Richemont and Kering, to take control of the storied American jeweller.
Despite all the talk about sustainability and ethical production, environmentally and socially responsible products are still more theory than practice.
With protesters more determined than ever after four months of unrest, Hong Kong is struggling to maintain its status as a world capital of luxury. Economic recession in the special administrative region spells bad news for watch brands as shipments to this main export market have fallen by 6% since the start of the year.
Three months ago, Patek Philippe and Vacheron Constantin were two of the hottest searches on Weibo: not for their watches, but because of customers' attempts to avoid import duty.
