Watch exports were valued at 10.6 billion Swiss francs in the first half of 2021. This was comparable (-0.5%) to the result achieved in 2019, which is viewed as the reference year given that the historically poor performance recorded in 2020 does not provide a useful annual basis for comparison.
The year 2021 marks the 220th anniversary of the Tourbillon. To celebrate the occasion, Breguet joins hands with K11 MUSEA to host a “Breguet – Inventor of the Tourbillon” Pop-Up to share the Tourbillon stories, featuring virtual voice navigation, and showcase the brand’s spectacular Tourbillon timepieces, including Classique Double Tourbillon 5345 Quai de l’Horloge, which makes its first debut in Hong Kong.
Since its opening in 2018, MB&F M.A.D.Gallery Hong Kong has become a hub for mechanical art enthusiasts to appreciate the tour de force of different artists. To provide its fans with a more chic and artistic environment to appreciate the art pieces and galvanise their imagination, M.A.D.Gallery Hong Kong has been relocated to K11 MUSEA, the brand new shopping and art appreciation destination.
2020 was an unprecedented year, resulting in a sharp decline in activity for the luxury goods sector as a whole, and for the watch industry in particular. The value of Swiss watch exports in this exceptional situation fell to 17 billion francs compared with 21.7 billion a year earlier, a decline of 21.8%.
Following the event held from 26th to 29th August in Geneva, BVLGARI has brought the novelties, including the Octo collection and the gloriously returning BVLGARI Aluminium, to Hong Kong right away to share with media friends and watch enthusiasts. BVLGARI has collaborated with Oriental Watch Company to open a pop-up Octo Café in the watch company’s flagship boutique in Central from September to October.
Like the global economy, the Swiss watch industry experienced an unprecedented crisis in the first half of the year, the consequences of which will affect it for a long time. The market was at a standstill for many weeks during this period and most trade was interrupted.
A new first for the Maison, on 13th April, the new Spirit of Big Bang MECA-10 Black Magic, limited to three pieces, was released via the HUBLOT WeChat Member Centre for HUBLOT members only. Hublotistas will have the chance to order their timepieces before it will be available worldwide. HUBLOT has reworked its famous MECA-10 factory calibre with a 10-day power reserve to combine it with the “barrel” design of its emblematic Spirit of Big Bang 45 mm collection. This cutting-edge encounter has given rise to the Spirit of Big Bang MECA-10.
The Swiss watch industry saw exports exceed the already high level achieved in 2018, in line with the forecasts produced a year ago, in a complex and fast-changing environment. Swiss watches benefited from continued demand in the luxury goods market in general, despite a sometimes challenging economic, commercial, political or social context.
Swiss watches enjoy an unrivalled worldwide reputation.
The Swiss watch industry has decided to strengthen the criteria of the Swiss made label.
Buying or selling counterfeit products undermines know-how, finances organised crime, and threatens jobs and innovation.