“
1. Graff Diamonds Hallucination – $55 Million
Graff Diamonds also holds the record for the most expensive diamond-encrustedwatch, an astronomical $55 million for the amazing Hallucination. This magnumopus has a platinum bracelet and is embellished with more than 110 carats ofcolored diamonds including yellow, orange, green, blue, and pink.Natural colored diamonds are very valuable and rare compared to whitediamonds. On the Hallucination, the combination of different colored diamondscreates a stunning rainbow effect. Diamond watches are usually encrusted withbrilliant and baguette cut diamonds, but Graff has embellished this beautywith a mix of round cut, emerald marquise, pear, and heart shaped diamonds.The ingenious platinum setting generates the impression that the gemstones areseamlessly held together. This exquisite ladies watch was produced overthousands of hours by an expert designer, gemologists, and a squad of mastercraftsmen. The end result is a stunning artwork that is truly inimitable anddistinctive.Allan Jay is FinancesOnline’s resident B2B expert with over a decade ofexperience in the SaaS space. He has worked with vendors primarily as aconsultant in the UX analysis and design stages, lending to his reviews astrong user-centric angle. A management professional by training, he adds thebusiness perspective to software development. He likes validating a productagainst workflows and business goals, two metrics, he believes, by whichsoftware is ultimately measured.Industry Share, Size, Growth – Mordor Intelligence
9. Watches of Switzerland
Searching for Watches of Switzerland reviews? Watches of Switzerland offerscustomers a huge collection of superior pre-owned luxury and vintage watches,all from the finest and most popular Swiss brands from across the globe. Thecollection of used luxury watches offered by this company is changingconstantly due to the ability the staff has to source the very best timepiecesavailable in the market of pre-owned items. Some of the prestigious brandsbuyers can expect to encounter online when shopping with Watches ofSwitzerland include TAG Heuer, Omega, Breitling, Cartier, Jaeger-LeCoultre,Rolex and Patek Philippe.Watches of Switzerland 2 Elland Road Braunstone, Leicester LE3 1TT 0800 111 4116 http://www.watches-of-switzerland.co.uk
Competitive Landscape
The watch market is highly competitive, with the presence of both global anddomestic players. Some of the major players in the market include Fossil GroupInc., Citizen Watch Co. Ltd, Titan Company Limited, and Apple Inc. Majorplayers are focusing on leveraging the opportunities posed by innovation inthe market to expand their product portfolios so that they can cater to therequirements in various product segments, especially within the category ofintegrated analog and smartwatches.These players are now focusing on social media platforms and onlinedistribution channels for the online marketing and branding of their productsto capture the maximum attention of the customers.
Pre-owned Luxury Watches – price crash
If a surfeit of new-in-box luxury watch inventory deflates new watch prices,pre-owned pieces will get hit with a triple-whammy: stronger competition fromdealers, stronger competition from gray market sellers and the smell of adownturned market. What savvy buyer buys pre-owned when they can buy new-in-box for slightly more or the same money? Unless they want to pay a lot less.Again, if the coronavirus takes hold here, demand for luxury watches will die.Prices will be softer than a cashmere scarf. Free from manufacturers’ pricingconstraints, the price of pre-owned luxury watches will crash, how do I putthis? Bigly. Yes, even pre-owned Royal Oaks and Nautili.I’ll say it again: it’s a good time to sell a luxury watch, a good time towait to buy. That’ll be doubly true if the coronavirus outbreak breaks out inThe Land of the Free. I pray to God it doesn’t.UPDATE: Well it sure did! Click here to read our March 27, 2020 update on themarket for grail watches.
80% of our clients seek made-to-order reports. How do you want us to
tailor yours?Luxury Watches MarketLuxury watches are considered to be exclusive items and wearing them signifiesstatus symbol for men and women. Rising brand preferences among the populationis resulting in the noteworthy growth of the global luxury watches market.Manufacturers of luxury watches are focused on different marketing strategiesin order to gain a larger part of the market share. Manufacturers understandthe importance of using social media as a means to promote their productsamongst the population. Upgrades, to visual merchandising in supermarkets andhypermarkets in order to grab customer attention is resulting in the highdemand for luxury watches in recent years. Additionally, development ofdigital channels has become a new strategy among key players to lure morecustomer attention toward purchase of watches.The global luxury watch market has been segmented on the basis of producttype, gender type, and distribution channel. By product type, the globalluxury watch market has been segmented into mechanical quartz and others. Onthe basis of gender type, the market has been segmented into women’s luxurywatches and men’s luxury watches. Women’s luxury watches dominated the globalluxury watch market owing to inclination of women toward fashion and luxury.Men’s luxury watches are expected to show the fastest growth during theforecast period due to the rising trend of fashion among men. On the basis ofdistribution channel, the market has been segmented into two types – onlineretail channel and offline retail channel. Online distribution channel of theglobal luxury watches market showed the fastest growth rate owing to therising penetration of different apps and presence of different brand options.Convenience that consumers derive from online shopping has also resulted inthe high growth rate of the global luxury watch market.The global luxury watch market is mainly driven by the emerging fashion trendsamongst the population. In addition, blend of traditional and modern style ofwatches has resulted in the rise in demand for luxury watches. Moreover,watches with smart technology are also propelling the growth rate of themarket. However, high production cost is resulting to increase in inventory isrestraining the global luxury watch market. Counterfeit products by differentlocal players is also a major threat to the global luxury watch market.Additionally, rising demand for premium quality luxury watches in developingregions such as Asia Pacific is projected to generate opportunity for theglobal luxury watch market during the forecast period.In the region-wise study, the global luxury watches market has been segmentedinto North America, Europe, Asia Pacific, Middle East & Africa, and SouthAmerica. Europe which comprises Germany, France, Italy, the U.K., andSwitzerland among the other countries dominated the global luxury watch marketowing to the rising demand for premium quality products amongst thepopulation. Switzerland compared to the other countries in Europe dominatedthe market and also enjoys a position of monopoly. For instance, Rolex isconsidered to be the most valuable watch brand of Switzerland. Additionally,Asia Pacific which comprises China, India Japan, and Australia is likely toshow the fastest growth rate during the forecast period. China compared to theother countries in Asia Pacific grabbed a larger part of the market shareowing to the presence of large number of manufacturers.The luxury watch market comprises several key players who are highlycompetitive in nature. With the changing consumer tastes and preferences,manufacturers are focused on developing high end watches. Some of the majorparticipants of this market include LVMH, Richemont, Swatch Group, Rolex,Burberry, Breitling, Festina, Fossil Group, Seiko Watch, Patek Philippe, andChopard International among others.The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections aboutmarket size. The projections featured in the report have been derived usingproven research methodologies and assumptions. By doing so, the researchreport serves as a repository of analysis and information for every facet ofthe market, including but not limited to: Regional markets, technology, types,and applications.The study is a source of reliable data on: * Market segments and sub-segments * Market trends and dynamics * Supply and demand * Market size * Current trends/opportunities/challenges * Competitive landscape * Technological breakthroughs * Value chain and stakeholder analysisThe regional analysis covers: * North America (U.S. and Canada) * Latin America (Mexico, Brazil, Peru, Chile, and others) * Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) * Eastern Europe (Poland and Russia) * Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) * Middle East and Africa (GCC, Southern Africa, and North Africa)The report has been compiled through extensive primary research (throughinterviews, surveys, and observations of seasoned analysts) and secondaryresearch (which entails reputable paid sources, trade journals, and industrybody databases). The report also features a complete qualitative andquantitative assessment by analyzing data gathered from industry analysts andmarket participants across key points in the industry’s value chain.A separate analysis of prevailing trends in the parent market, macro- andmicro-economic indicators, and regulations and mandates is included under thepurview of the study. By doing so, the report projects the attractiveness ofeach major segment over the forecast period.Highlights of the report: * A complete backdrop analysis, which includes an assessment of the parent market * Important changes in market dynamics * Market segmentation up to the second or third level * Historical, current, and projected size of the market from the standpoint of both value and volume * Reporting and evaluation of recent industry developments * Market shares and strategies of key players * Emerging niche segments and regional markets * An objective assessment of the trajectory of the market * Recommendations to companies for strengthening their foothold in the market Note: Although care has been taken to maintain the highest levels of accuracyin TMR’s reports, recent market/vendor-specific changes may take time toreflect in the analysis.This study by TMR is all-encompassing framework of the dynamics of the market.It mainly comprises critical assessment of consumers’ or customers’ journeys,current and emerging avenues, and strategic framework to enable CXOs takeeffective decisions.Our key underpinning is the 4-Quadrant Framework EIRS that offers detailedvisualization of four elements: * Customer Experience Maps * Insights and Tools based on data-driven research * Actionable Results to meet all the business priorities * Strategic Frameworks to boost the growth journeyThe study strives to evaluate the current and future growth prospects,untapped avenues, factors shaping their revenue potential, and demand andconsumption patterns in the global market by breaking it into region-wiseassessment.The following regional segments are covered comprehensively: * North America * Asia Pacific * Europe * Latin America * The Middle East and AfricaThe EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions fortheir businesses and stay as leaders.Below is a snapshot of these quadrants.1. Customer Experience MapThe study offers an in-depth assessment of various customers’ journeyspertinent to the market and its segments. It offers various customerimpressions about the products and service use. The analysis takes a closerlook at their pain points and fears across various customer touchpoints. Theconsultation and business intelligence solutions will help interestedstakeholders, including CXOs, define customer experience maps tailored totheir needs. This will help them aim at boosting customer engagement withtheir brands.2. Insights and ToolsThe various insights in the study are based on elaborate cycles of primary andsecondary research the analysts engage with during the course of research. Theanalysts and expert advisors at TMR adopt industry-wide, quantitative customerinsights tools and market projection methodologies to arrive at results, whichmakes them reliable. The study not just offers estimations and projections,but also an uncluttered evaluation of these figures on the market dynamics.These insights merge data-driven research framework with qualitativeconsultations for business owners, CXOs, policy makers, and investors. Theinsights will also help their customers overcome their fears.3. Actionable ResultsThe findings presented in this study by TMR are an indispensable guide formeeting all business priorities, including mission-critical ones. The resultswhen implemented have shown tangible benefits to business stakeholders andindustry entities to boost their performance. The results are tailored to fitthe individual strategic framework. The study also illustrates some of therecent case studies on solving various problems by companies they faced intheir consolidation journey.4. Strategic FrameworksThe study equips businesses and anyone interested in the market to frame broadstrategic frameworks. This has become more important than ever, given thecurrent uncertainty due to COVID-19. The study deliberates on consultations toovercome various such past disruptions and foresees new ones to boost thepreparedness. The frameworks help businesses plan their strategic alignmentsfor recovery from such disruptive trends. Further, analysts at TMR helps youbreak down the complex scenario and bring resiliency in uncertain times.The report sheds light on various aspects and answers pertinent questions onthe market. Some of the important ones are:1. What can be the best investment choices for venturing into new product andservice lines?2. What value propositions should businesses aim at while making new researchand development funding?3. Which regulations will be most helpful for stakeholders to boost theirsupply chain network?4. Which regions might see the demand maturing in certain segments in nearfuture?5. What are the some of the best cost optimization strategies with vendorsthat some well-entrenched players have gained success with?6. Which are the key perspectives that the C-suite are leveraging to movebusinesses to new growth trajectory?7. Which government regulations might challenge the status of key regionalmarkets?8. How will the emerging political and economic scenario affect opportunitiesin key growth areas?9. What are some of the value-grab opportunities in various segments?10. What will be the barrier to entry for new players in the market?Luxury Watch Prices Falling?You might think luxury watch prices would be immune to annoyances like viraloutbreaks and economic downturns. Nope. According to voguebusiness.com, “thelast global recession lopped nine per cent off the size of the personal luxurygoods market,” lowering luxury watch sales and prices. It would have beenworse if not for China. Yes, well, the coronavirus outbreak . . .has taken the Chinese luxury watch market off-line for the foreseeable future.The rest of the key Asian watch market is perched on a knife’s edge.As Asia accounted for roughly half of all Swiss watch exports, if the supplyof luxury Swiss watches doesn’t already exceed demand on a worldwide basis, itwill soon. This glut will impact prices here, eventually, in different ways.Here’s my best guess as to how it might play out.
2. Graff Diamonds The Fascination – $40 Million
Holding second place in our list of most expensive diamond-encrusted watchesis Graff Diamonds’ The Fascination timepiece that commands an astounding $40million. The reason: this masterwork hosts 152.96 carats of white diamondsincluding a center, pear-shaped, 38.13 carat diamond that detaches into aring.The diamonds have been cut and polished by the maker Graff at theirfacilities. The highlight of the watch is the pear-shaped masterpiece that canbe detached and worn as a ring or used as a watch dial on a finely designeddiamond bracelet. The bracelet holding the watch is a skillful work of gemsetting and metallurgy. In short, this astounding diamond bracelet isconvertible and comfortable. Graff Diamonds reveals they produced this “verydaring” timepiece to demonstrate the close working relationship between thecompany’s UK-based diamond house and its Switzerland-based watch makingfacility.
8. Blancpain Tourbillon Diamants – $1.8 Million
A total of 480 baguette-cut diamonds embellish this skillfully craftedtimepiece, with the gems crusting the case, bezel, and bracelet. The diamondsare encrusted like a brick wall inside the dial and in the bracelet. On top ofthat, the glass in the watch face is crafted from high-grade sapphire crystal.The bracelet and case are fashioned from white gold. However, it is tough toget a unit of this magnum opus as it is only available on request.A notable feature of the Blancpain Tourbillon is it has a self-windingfunction with a seven-day power reserve. This watch is so fully encrusted withdiamonds that you can hardly see its actual setting elements, bracelet, andwhite-gold case. In addition, this master timepiece is water resistant up to100m. The 480 diamonds add up to an amazing total of 58 carats. The design iseye-catching too as the baguettes are asymmetrically laid out like pavementslabs on a Parisian courtyard. Despite the lavish excess, this beauty isindeed a work of subtlety.”
