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”.
Articles on the subject:
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.
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?
As the effects of climate change become more and more “tangible”, luxury’s leading names are responding to the need for urgent action to stem environmental destruction and loss of biodiversity.
Richemont’s sales for the year ended March 31, 2021 fell by 8%. The group’s jewellery business, online retail and strong performance in Asia-Pacific enabled what are “solid” results in a global pandemic.