There’s no doubt that the global luxury goods market has been hit hard by the coronavirus pandemic – but how are manufacturers planning to bounce back when it’s all over, and what changes will they have to make? A recent Euromonitor report estimated that the global luxury goods market would decline by about 18 percent during the coronavirus crisis – the question is, can it ever regain its previous heights, and if so how long...
The future of Baselworld, the high-end watch and jewellery trade show held annually since 1917, is in doubt with the defection of major exhibitors including Rolex, Swatch, Chopard, Chanel and Tudor. Organised by the MCH Group which also organises Art Basel in Basel, Miami Beach and Hong Kong, Baselworld was already ailing due to the high-profile exit of Swatch in 2019 citing issues including costs, and the loss of others including Dior, Seiko and Breitling....
The luxury watch show Baselworld has been forced to cancel its 2020 show after Switzerland’s Federal Council banned events for more than 1000 people because of fears about the spread of coronavirus Covid-19. A statement from the organiser said “For health safety reasons and in accordance with the precautionary principle following the bans of large-scale public and private events issued today by the Swiss federal and cantonal authorities, Baselworld announces that it has taken the...
Though hit by high exhibiting prices and some big-name absences, annual watch and jewellery show Baselworld, run this year from March 21st-26th, still commands the attention of the luxury goods market. After a drop from around 2,000 exhibitors to around 600 in recent years, the future of the Swiss show seemed in doubt, and the absence this year of Swatch and all its sub-brands hasn’t done it any favours. However, so long as leading watch brands...
Geared towards introducing new models and future trends within the watch and jewellery industries, Baselworld keeps its crown as the key event for timepiece aficionados. Every year, exhibitors, affluent collectors, retailers and members of the press gather in the Swiss city of Basel to view and display the latest ware in the ever-growing watch industry. But Baselworld isn’t just another watch and jewellery show. Here, even the simplest entry-level pieces can cost thousands of pounds...
Geared towards introducing new models and future trends within the watch industry, Baselworld keeps its crown as the key event for timepiece aficionados. This year’s show—which is now in its 101st edition—proved that the watchmaking industry is showing signs of improvement. In terms of attendance, it saw around eight percent more visitors over the first few days compared to last year. As is the case every year, Baselworld was yet again the epicentre of the...
