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2.1% quarter-over-quarter price decline
- The secondary market for Swiss luxury watches experienced a 2.1% quarter-over-quarter price decline in Q2 2024. This marks the ninth consecutive quarter of declining prices since Q2 2022. The yearly performance for the WatchCharts Overall Market Index is -9.4%, while all three of the big-name brands suffered declines.
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17 hours ago · 4:54. Sales of Swiss-made luxury watches are in sharp retreat as nervous consumers reconsider splashing out on expensive timepieces and demand slumps in one of the industry’s key markets. Fresh ...
1 day ago · Sales of Swiss-made luxury watches are in sharp retreat as nervous consumers reconsider splashing out on expensive timepieces and demand slumps in one of the industry’s key markets. Fresh numbers this week from Switzerland’s two largest publicly traded watchmaking conglomerates, Richemont and Swatch Group AG, confirmed a brutal, China-led ...
Jul 8, 2022 · The total number of watches exported has remained virtually stable since the beginning of the year (+2.3%), according to data compiled by the Federation of the Swiss Watch Industry (FH)....
Feb 28, 2024 · The latest report illuminates the state of the Swiss watch industry in 2024. The Swiss watch industry concluded the year on a positive note, achieving record sales totaling CHF 26.7 billion, with CHF 25.5 billion attributed to wristwatches (+7.7%) sold in a total of 16.9 million units.
May 30, 2024 · Less disposable income, steady price increases due to inflation and the strength of the Swiss franc, and declining secondary market watch values have caused buyers of luxury timepieces to...
The dominant Swiss luxury watch brand produced 1.24 million timepieces in 2023 with sales of 10.1 billion Swiss francs ($11.5 billion). That’s a gain of 11% from 2022, analysts at Morgan...
