Luxury Timepieces

Dubai has a global reputation as one of the top destinations for trade in gold and diamonds. This is a category that tends to be susceptible to considerable seasonal fluctuation as well as fluctuations in the price of gold and exchange rate risks ...

Economic indicators still show slight recovery. Luxury timepieces recorded compatible value growth in 2019, still underperforming in comparison to pre-crisis years. Prices in the area are one of the barriers for consumers, many of whom look to save ...

Over the forecast period, volume and value sales of luxury timepieces are projected to continue increasing. Growth is expected to be supported by Swiss-made timepieces and signature models by well-known brands, which remain popular with watch lovers ...

Luxury timepieces are targeted at high-income earners, a group that in 2018-2019 was not generally impacted by Mexico’s economic slowdown and political incertitude arising from presidential elections. This buyer group is able to maintain its ...

Luxury timepieces in Germany is highly dependent on consumer confidence. Political and economic stability are therefore important for the good performance of multiple luxury brands. In the review period, substantial economic development benefited ...

With an expanding young urban middle class displaying increasingly aspirational demand, India is seeing a surge in interest in affordable luxury items. In watches, there is a strong collectors’ market and, increasingly, a consumer base that does not ...

There is a growing appetite among locals for luxury brands, especially accessories such as jewellery and watches. For consumers who are unable to purchase new products, second-hand items are often the next best option. This niche and lucrative ...

Despite continued difficulties for watches at mass price points due to competition from smartwatches, luxury timepieces returned to growth in recent years thanks in large part to interest from younger luxury consumers. While the Apple Watch and other...

Mild growth within luxury timepieces is being supported by the offering of more product variety in terms of price and design. This is helping to attract millennials, whose importance to sales continues to increase. In response to the lower spending ...

While luxury timepieces showed an improved performance in current value growth terms in 2019, volume growth was down on 2018. The development of the category looks set to continue along similar lines during the forecast period, with current value ...

The luxury timepieces category saw a slightly improved performance in 2019. Imports increased as retailers re-stocked due to uncertainties arising from the political issues and extended period of civil unrest in Hong-Kong, the US-China Trade War, and...

Demand for luxury timepieces remained stable but undynamic in Romania in 2019, a trend that is predicted to continue into the forecast period. One of the few personal luxury categories to be dominated by men, due to the traditional affluent status ...

Luxury timepieces have always been a status symbol in Sweden. A strong economy and rising disposable incomes have helped to drive sales in recent years. However, further growth drivers in recent times have been higher tourism levels and the weak ...

Although luxury timepieces increased in current value terms in 2019, and this is expected to continue in the forecast period, a gradual slowdown in the growth rate is expected from 2019. A sluggish economy and trade uncertainty are expected to limit ...

In 2019, the performance of luxury timepieces remains closely tied to the ongoing uncertainty caused by Brexit negotiations. Currency fluctuations have impacted sales of luxury timepieces as after the pound reached historical lows in 2017, there was ...

Luxury timepieces recorded modest positive current value growth for the third year in a row in 2019, with current value growth rates expected to gradually improve over the course of the forecast period, showing the ongoing recovery of consumer demand...

Luxury timepieces maintained a reasonable current value growth rate in 2019, although this was slower than in the previous two years. The consumption of luxury timepieces is increasingly influenced by tourists, with the share of international retail ...

With luxury online sales booming, timepieces brands are working to expand their distribution through e-commerce channels. This is becoming increasingly important as luxury brands look to build sales amongst the younger consumers driving the ...

The political and economic crisis of 2014 and 2015 hit the demand for luxury timepieces, since their replacement cycles can be extended until the situation improves. In spite of the economic recovery, retail volume sales continue to decrease, as such...

Although luxury timepieces continued to be dominated by the men’s category in Russia, the ongoing weak performance by the latter influenced overall sales. Male consumers in Russia are becoming increasingly selective in their choices, and are ...