Friday, September 17, 2021

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Interest in ‘engagement watches’ rises 41 percent

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Global fashion shopping platform Lyst has revealed in its Wedding 2021 Report that there has been a 42% rise in searches for 'couple watches' 'engagement watches' and 'wedding watches', which the business says is expected to lead to a rise in sales of prestige timepieces.

Prices plateau for hottest Rolex, Patek Philippe and Audemars Piguet watches

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After a first quarter surge, driven mainly by rumors and then confirmations of discontinued watches, prices for the world's hottest watches from the likes of Rolex, Patek Philippe and Audemars Piguet are starting to cool.

Watchfinder discovers forgotten watches worth $60 billion are gathering dust in...

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Watchfinder's research surveyed 26,000 watch owners around the world and 42% admitted they have no idea what their watches could be worth.

Novelties and nixed models drive price rises for Rolex, Omega, Patek...

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Chrono24 is reporting extreme volatility for watches fueled by concurrent announcements and rampant rumours of model discontinuations.

Lock down policy has proved futile says Swatch Group chair Nayla...

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Ms Hayek refuses to blame management mistakes for a fall in sales from CHF 8.2 billion to CHF 5.6 billion in 2020.

Pandemic crushes watchmakers’ dreams of joining the billionaire club

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By the end of 2019, eight watch brands had sold watches worth over $1 billion in calendar year and two more were knocking on the door. Covid-19 has shrunk the billionaire club to six.

Rolex SA and Swatch Group are neck and neck in race...

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Swatch Group watch sales fell faster than those for Rolex and Tudor, leaving Rolex AG the largest watchmaking group in 2020.

Rolex gains market share despite production loss of 140,000 watches last...

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Turnover for Rolex dropped by 14% to CHF 4.42 billion, according to a Morgan Stanley research paper on the Swiss watch industry in 2020.

Big five auction houses end 2020 with sales down 19%

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Explosion of online auctions fails to compensate for loss of saleroom events during the pandemic.

Patek Philippe 5711 price rockets 50% since news of its discontinuation...

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Exclusive data from Chrono24 shows the power of internet rumors drove a massive spike in prices.