8 luxury watches being designed right now
After several uncertain years, the outlook for growth in the luxury market is promising. Debbie Hathway looks at eight new watches that were recently shown at a prestigious fair
Perhaps you have a different fancy watch for every day of the week. Maybe your watch-brand nous reaches near-academic proportions. Or conversely, you just don’t get what the fuss is all about — you just look at the time on your phone. Whatever your stance on the world of high-end timepieces, it’s worth knowing that this microcosm is a key indicator of the luxury goods market. And knowledge of that is critical if you’re thinking of investing in shares or in beautifully crafted pieces to wear on your wrist. It’s good to hear that there are finally signs of recovery in the luxury watch industry. The Deloitte "Global Powers of Luxury Goods 2018" report says Switzerland watch exports rose throughout 2017 and China was the No 1 importer that year. The report highlights positive expectations for growth in the luxury watch industry as "millennials appear to favour luxury mechanical watches rather than digital watches". The outlook has been improving since 2016, with Richemont and the Swatch...
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