Regardless of the Watch World’s Secrecy, Knowledge Companies Increase

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Not like the patron items, beverage or retail sectors, the observe continued, there are not any giant consultancies publishing market share knowledge on the Swiss watch sector. “That is as a result of impracticality of conducting such surveys and the discreet nature of the Swiss watch business,” it mentioned.

Maybe no model is extra discreet, nor influential, than Rolex, which continues to dominate the market. In accordance with Morgan Stanley’s seventh annual report, launched in February, Rolex’s share is claimed to have grown — to 30.3 % — on the power of its 2023 gross sales, estimated to have topped 10 billion Swiss francs.

But, as a result of the corporate is claimed to forbid its approved sellers from sharing point-of-sale knowledge with third events, Luxurious Watch Barometer’s month-to-month experiences don’t embrace the model.

On the secondary market, the place Rolex is equally dominant, EveryWatch, a brand new data-driven firm, helps make clear what pre-owned watches are price and the place to purchase them.

“EveryWatch was born from a necessity,” Giovanni Prigigallo, the enterprise’s co-founder, mentioned by telephone from Cagliari, on the Italian island of Sardinia, the place he lives and works. “We created this service with the concept there are aggregators in several fields like artwork, automobiles, wine, and so forth. But it surely was utterly lacking within the watch business.”

The corporate publishes month-to-month experiences with statistics about gross sales, aggregated by synthetic intelligence from greater than 300 public sale homes and greater than 180 marketplaces and sellers all over the world. For instance, the report launched in February included particulars resembling the overall worth of watches within the secondary market ($9.4 billion), the Cartier that drew the biggest public sale value that month (a Crash mannequin, for $277,200) and the mannequin that skilled the biggest value enhance in contrast with the earlier month’s outcomes (an Omega Seamaster, at greater than 107.2 %).

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