Boston Consulting Group says that the global market for hard luxury items — primarily watches and jewelry — is worth €21 billion today and growing at 8% per year.
Research
Famously secretive family trust will not reveal financial information about Rolex, but accounting rules in the United Kingdom give fascinating insight into Switzerland's largest watchmaker.
Click to download Volume 2 of our Special Report on Pre-Owned Luxury Watches and the Secondary Market.
"Rolex is still on fire," says Paul Altieri, CEO of Bob's Watches and one of the most respected collectors and experts on Rolex in the United States.
As part of a Luxury in Conversation project, De Vere Diamonds says that luxury watch businesses have 'probably more in common' with luxury automotive than with fashion or jewellery
Exports more than doubled from CHF 87 million in June to CHF 191 million in July as distribution and stores reopened.
NPD research shows the devastation of physical retail but also points to retailers' finding ways to trade during lock downs.
Insight from The Watches of Switzerland Group's quarterly financial update suggests demand has fallen faster than supply for key brands.
Watch brands need to be alert to shifting shopping habits as customers shift towards ecommerce retailers.
