BW8

BASELWORLD, WHEN THE LIFEBLOOD OF THE WATCH AND JEWELLERY INDUSTRY IS OPENING ITS DOORS..

BASELWORLD, THE WORLD’S LARGEST WATCH AND JEWELLERY TRADE FAIR WITH ITS 1,400 EXHIBITORS HAS BEEN OPENING ITS DOORS ON MARCH 27 FOR  ITS EIGHT – DAY RUN AND IS EXPECTING 120,000 VISITORS.

 AFTER A DISAPPOINTING 2013 PERFORMANCE FOR THE SWISS WATCH INDUSTRY,  THE WATCH SECTOR IS IN A CONSOLIDATION PHASE HOWEVER THE CHINESE INTEREST IN LUXURY WATCHES SUGGESTS CHINA IS STILLL DRIVING WATCH INDUSTRY GROWTH AND WILL CONTINUE TO LEAD THE WAY FOR YEARS TO COME.

MOST ANALYSTS ARE STILL PREDICTING THE INDUSTRY WILL GROW AT A RATE BETWEEN 6 TO 8 %, MORE OR LESS IN LINE WITH ITS LONG RUN AVERAGE.

 

TODAY, THE TREND IS TO HAVE THE TOP WATCHMAKERS PULLING PRICES DOWN A BIT TO REMAIN COMPETITIVE WITHIN A HIGHLY COMPETITIVE ENVIRONMENT – A NOTEWORTHY CHANGE IN AN INDUSTRY THAT HAS SEEMED ABLE TO FIX PRICES AT WILL IN RECENT YEARS.

WHEN IT COMES TO THE DESIGN OF HIGH-END WATCHES, THE PLETHORA OF NEW MODELS PAYING HOMAGE TO OLD NAUTICAL CHRONOMETERS, ASTRONOMICAL TIMEPIECES AND TO THE COSMOS  IS A SIGN OF THE TIMES THAT EMPHASIZES THE MECHANICAL WATCHMAKING RENAISSANCE.

 

PHLDUCX, Ph.D. - Publisher & Executive Editor – www.conversationprivee.com / www.off-the-recordmessaging.com - Professor of Finance & Strategy -