LVMH, the world’s largest luxury goods company, has just released its results for 2022. The luxury goods market took a further leap forward, and it has been another record year for the French powerhouse, with a revenue of EUR 79.2 billion, up 23% compared to 2021. The profit from recurring operations is also up 23% […]
Ten years ago, in 2013, Omega presented the first stage of its journey towards higher levels of anti-magnetism and accuracy. With a model based on the Seamaster Aqua Terra, the brand developed a watch capable of resisting magnetic fields up to 15,000 gauss. This was the first milestone in a story that later, combined with […]
Old is gold. Rounding out a collection with some pre-owned timepieces is a very special feeling, especially if we are talking about emblematic or rare models… As the trend for vintage watches consolidates, the market for second-hand luxury watches is growing fast. In its 2022 Swiss Industry Report, Deloitte estimates that the pre-owned market accounts […]
Following a couple of years drastically impacted by the COVID-19 pandemic, the luxury industry in general and the watch industry, in particular, have been on the rise again since the end of 2021. According to consulting company Bain & Co, sales of luxury goods are anticipated to grow by over 20% in 2022, and the […]
Last month, right after the Federation of the Swiss Watch Industry released its monthly press release with watch export statistics, we indicated (in this article) that the Swiss watch industry was about to record its best-ever export performance over the course of a year in 2022. By the end of November 2022, exports were up […]
With a personal passion for watches (especially sports chronographs from the 1960s and 1970s), cars, motorcycles and everything mechanical since a young age, Nicholas Biebuyck has been collecting watches the whole of his adult life. He worked in the auction industry for Christie’s and Bonhams before joining TAG Heuer as Heritage Director in 2021. On […]
Horologically, the new year gets started with the LVMH Watch Week 2023 in Singapore, where Bulgari, TAG Heuer, Hublot and Zenith join forces to present some of their novelties. It was the perfect opportunity for MONOCHROME to interview Antoine Pin, Managing Director of the Bulgari Watch Division, and discover all the new models that the […]
Just like almost every year, brands benefit from the new year to release updated price lists. 12 months ago already, we published an extensive look at the 2022 Rolex Price List, which showed rather substantial inflation, mostly on the steel sports models. And because we just entered a new year, it was expected for the […]
Like almost every year, brands benefit from the new year to release updated price lists. Twelve months ago already, we published a comprehensive look at the 2022 Rolex Price List, which showed rather substantial inflation, mainly on the steel sports models. And because we’ve just commenced a new year, we expected the Crown (and, of […]
The Federation of the Swiss Watch Industry (FHS) has just released its export statistics for the month of November 2022. At over 2.4 billion Swiss Francs for November only (+10.9% compared to last year), Swiss watch exports recorded their best-ever performance over a single month. Over the first 11 months of 2022, at CHF 22,809 […]