Is the luxury watch industry in decline, or just waiting to come back stronger?


Most luxury watchmakers have a fondness for tradition. The recent pandemic is now testing their ability to embrace change.

The timepiece industry is witnessing big changes this year with the impact of a pandemic being felt around the globe. With the major trade shows postponed or converted into digital-only, it is a whole different world for luxury watchmakers (the same goes for fashion and its trends).

Sales have plunged. According to the Federation Of The Swiss Watch Industry, March Swiss watch exports fell 21.9% compared to a year earlier. Not surprising, as watch boutiques in most countries have been shuttered during the Covid-19 lockdown.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

watches , fashion , accessories , timepieces , horology , covid-19

   

Next In Style

New bill in California seeks to ban sales of anti-ageing skincare to children
In Malaysia and around the world, tweens are fast shaping the beauty industry
Wrist takers: Bangles and bracelets that make a stylish statement
'Make me look like a disco ball': The rise of non-traditional bridal fashion
Strike a pose! Fashion models are turning heads and conquering red carpet events
Towering hair, winged eyeliner: Recreating Amy Winehouse’s style on screen
Despite the fashion stigma, 'double denim' is here to stay as a key trend
'Boyfriend blush' is the makeup trend to try out if you want a healthy glow
Beat the heat and look cool with these hot weather fashion must-haves
Corsets seen as couture: These luxury undergarments are for the ultra wealthy

Others Also Read