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ASK ARIEL: Are retailers sleepwalking towards disaster by focusing too much on pre-owned watches?
Selling pre-owned alongside new does not necessarily pose a serious risk to an otherwise healthy market for luxury watches, but 2019 has so many headwinds, retailers and brands would be wise to stick to their day jobs of finding customers for the latest models. |
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Watches of Switzerland Group sales rise 18% to $253 million in its first quarter
Stripping out new store growth, the company's turnover increased by 10.8%. There was no update on profits in the quarterly financial statement. |
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Patek Philippe owned by Eric Clapton appears on British pre-owned site
Patek Phillipe 175th Anniversary Watch previously owned by rock legend Eric Clapton could be yours for $103,000. |
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TAG Heuer is sticking with quartz movements for its 2019 Aquaracer watches for ladies
The 2019 ladies models are larger at 35mm and come with a blue sunray dial with an engraved wave pattern. |
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Rolex and Patek Philippe prices rocket on The RealReal
Secondary market platform's research says Aquanaut prices rose by 42% in the past 12 months while Rolex GMT Master prices rose by 34%. |
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Doxa brings back its 1969 SUB 200 T.GRAPH in steel
The SUB first launched in 1967 as what the company claimed was the first purpose-designed diver's watch intended for the general public. The SUB 200 T.Graph was added to the line in 1969. |
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Garmin enhances Instinct series with new outdoor GPS smartwatch with tactical functionality
The product builds on the company’s Instinct series, adding various enhanced features such as night-vision compatibility mode |
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WatchTime New York to return for biggest event yet this October
The fifth edition of the luxury wristwatch exhibition will take place from October 25-26 with 37 brands set to participate. |
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