Ladies Cartier: March 2021

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Watches. Hong Kong. The two go hand in hand, significantly like me and Vacherons (vintage or modern, I’m not fussy. When a watchnerd/ WIS visits Hong Kong, one query seems to usually pop up - where are the pre-owned and vintage watch shops? Google searches and going through watch fora and blogs only brings up a dozen or so locations, so I believed, on my recent trip there, that I’d attempt to compile as complete a list as doable, as a resource. There are also a number of places that I have chosen not to include - the businesses which are Ads for a varying number of brands, but which seemed, inevitably, to have the anomaly of a small section of a window with Panerais and usually Rolexes as effectively, but which do not appear to be Ads of either brand. The city loves its watches, whether it’s haute or hot pink. I have personally only bought from two of these listed places, over the years, and I will determine them and give my private practical experience. I walked previous, even when I made repeated attempts at random times of the day. They did appear to exist in the sense of there being signage, and in a single case, an on line presence. For all of these dealers, the usual caveat emptor applies. You will locate certain brands dominating (Rolex, Panerai, Patek, Omega, Cartier), and the vintage/ contemporary quantity and proportions variable.

While demand for luxury watches - about a third of Richemont's sales - has contracted sharply in the course of the COVID-19 pandemic, jewellery, exactly where Richemont's Cartier brand is noticed as the global leader, has fared much better. Much of the world's jewellery is unbranded, giving common labels like Cartier, and LVMH's Bulgari and not too long ago acquired Tiffany, stellar growth prospects. Richemont's jewellery brands Cartier and Van Cleef & Arpels delivered 14% continual currency sales growth in the quarter to Dec. 31, even though its watch labels saw sales fall 4%, less than feared, according to analysts. Europe declined 20%, hit by the absence of tourism and shop closures, and the Americas stagnated. RBC analysts stated the luxury jewellery category was amongst the most attractive within the sector with extended-term historical growth prices of 7-8%, even though Citi analyst Thomas Chauvet stated Richemont had outperformed most jewellery peers in the quarter. Even even though Richemont's pricey IWC and Jaeger-LeCoultre timepieces are much less vulnerable to smartwatch competitors than peer Swatch Group's they face stiffer competition from watch category leaders Rolex, Patek Philippe and Audemars Piguet which are privately-owned. The similar is not accurate for watches that have also been penalised in the course of COVID-19 lockdowns by their nevertheless high dependence on multibrand retailers and low e-commerce penetration. Shares in Richemont had been up 1.% at 84.36 Swiss francs at 0957 GMT, following hitting 87.94 francs earlier in the session, also boosting Swatch Group and LVMH.