Watches and Wonders news and archive

Swiss watchmakers say time will tell on effects of Mideast conflict

The Middle East war has plunged Swiss watchmakers into uncertainty, testing the resilience of an iconic national industry already shaken by several crises. Behind the opulent booths at the Watches and Wonders fair in Geneva, the industry's biggest annual showcase, the conflict is on everyone's lips. The war is not the first crisis that...

Fairs

Geneva watch fair set to show war's effect on luxury sector

The Geneva watch fair opens on Tuesday and will be taken as a barometer of how the Middle East war is affecting the luxury goods sector. The Watches and Wonders salon -- the industry's biggest annual event -- sees 65 major watch brands, including Rolex, Patek Philippe, Cartier and Bulgari, display their latest creations until April 20. Despite...

Member

Business

Tmall Luxury Pavilion sees growth and partners with Watches and Wonders

While this past year has been challenging for the luxury industry with luxury tourism grinding to a halt and offline stores shuttering, the bright spot for many brands was Alibaba’s Tmall Luxury Pavilion. Sales on the luxury platform grew 159 percent year-on-year from January to March in 2021. Currently, more than 200 leading luxury brands, an...