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Learn moreJan 2021
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Many consumers in Russia have lost their businesses, their employment, or are in conditions of economic uncertainty in 2020, due to myriad impacts from COVID-19. In such circumstances, consumers are not willing to purchase additional, or even first, luxury timepieces.
Luxury timepieces priced between RUB100,000 and RUB300,000 are seeing stronger declines in 2020, because they cater to middle class consumers who have suffered from the economic consequences of COVID-19. Luxury timepieces between RUB300,000 and RUB700,000, however, are experiencing a more favourable situation in sales in 2020.
Mercury Group maintained its lead in luxury timepieces in 2019, thanks to the strength of its portfolio as a luxury goods distributer in Russia. The player manages brands including the top Rolex brand, along with Patek Philippe, Hublot, Breitling and Chopard, plus others.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Luxury Timepieces industry in Russia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Luxury Timepieces industry in Russia, our research will save you time and money while empowering you to make informed, profitable decisions.
The Luxury Timepieces in Russia market research report includes:
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.