A Rolex Submariner watch worn by a British Military army diver during notable operations such as the Mary Rose recovery has sold for £29,348 at Fellows Auctioneers in Birmingham. The classic watch was owned by a diver named Peter Melhuish, who was a part of the Royal Engineers and served in various different diving missions during the 1980s. It was worn during military service and has travelled around the globe enduring key operations including the...
It’s a challenging time for the luxury watch market, with sales dipping in the face of the coronavirus lockdown, new product releases delayed, and trade show Baselworld collapsing. But all this doesn’t necessarily impact the secondary market, and David Hurley, executive vice president for The Watches of Switzerland Group in the United States, says that investment-grade timepieces are still much sought-after: “During Covid, it seems people have doubled down on purchases that hold and grow...
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....
