« Home

OMEGA "La Nuit Enchantée" with Nicole Kidman in Vi... »BASEL 2013 - Omega Ladymatic »Has Omega solved the last true technical challenge... »Live Photos of Hamilton Jazzmaster Face2Face »JLC Post-SIHH 2013 showcase at CUT by Wolfgang Puck »IWC & AMG collaboration »Lange & Sohne Opens Singapore Boutique »Horological Art by Vacheron Constantin »Apple iWatch - The future of wrist wear? »SevenFriday - A formula for the future of niche wa... » 

 

Is this the beginning of the end of horological boom?  0 Comments

Published Friday, May 17, 2013 by Harry SK Tan |

 

This report filed in FT seems to suggest that China's market growth fueling the Swiss watch industry is starting to slow down. The horological markets overall globally has had phenomenal growth over the past two decades. But with all things commercial, there will be cycles of boom and bust. Unless the new markets such as Russia, India and South Americas grow faster to take up the supply of watches, brands may find itself reporting a much smaller annual return in 2014.

The brands however will realise that this is not just impacting on watch industry but on luxury items as a whole. When economic growth is reported, luxury growth will always follow. During downturns of the economy, most of the products are usually acquired by those who are financially stable and collectors. The real challenge for brands is to keep these high net worth collectors interested in their new offerings when many owners are putting their own watches in the secondary market during a downturn.

But at least for the moment, FT is not anticipating a worldwide slowdown. Not immediately at least. So I am curious how brands that are highly invested in China are going to respond.


FINANCIAL TIME REPORT - Luxury goods sales slow as China clamps down on gift giving

 

 




Welcome to
Watching Horologytm

 

  • This is a personal blog of Harry SK Tan on all things pertaining to Horology - from watch collecting, horolography, news and developments from all over the world particularly Singapore.
  • ©HarrySKTan2005

Horolography - noun, the art of photographing timepieces

Horolographer - Harry SK Tan

  • ___________________

Please leave a comment by clicking on the grey numbers next to the subject headings.

To contact me write to: "ht @ watchinghorology.com"  (leave out the spaces!)

 

___________________

Email Updates!
IF you like to receive my posts, news, notifications etc. on WatchingHorology direct by email - simply REGISTER HERE

- or get a blog feed here:

 Subscribe for Feed


ATOM 0.3

 
WatchingHorology.com on Facebook

___________________

Search WatchingHorology.com

 

___________________

Related Links

My Column at Luxury-Insider
My General Photography Blog

 

___________________

Read
WATCHING
HOROLOGY
in other languages

Chinese

French

German

Italian

Japanese

Korean

Russian

Spanish

 

___________________


 

 

Archives

 
 
 

___________________

Brand Websites