While high-end watches are still out of reach for most people, the increasing prevalence of deals on the grey watch market highlights the perplexing predicament in which luxury watchmakers now find themselves.
"Vacheron Constantin - Reference 57260," a new book for watch connoisseurs, is set be released. It showcases the complex features known as grand complications created by the oldest watch manufacturer in the world.
Following Richemont's announcement that Piaget CEO Philippe Leopold-Metzger is retiring, the luxury group has revealed his successor -- Chabi Nouri, the first female to helm any Richemont watch and jewellery brand.
Richemont is replacing the heads of four of its brands, Bloomberg reported on Monday, as the luxury goods company continues a management overhaul aimed at countering weak demand for expensive watches and jewellery.
Swiss watchmakers expect to at least stabilize sales this year after two years of decline as the important Chinese and U.S. markets show signs of turning the corner, executives said at an industry event on Tuesday.