Month: June 2017

The Italian Scenario for Luxury Watches,2017!

After Becoming the Prime European Market for Swiss Watches, The Italian Watch Market found Hardship in 2016. However Italians’ Enthusiasm for Watches has been Known and Recognized for Decades. Europa Star’s Serge Maillard speaks with Sylvain Rousmant, Partner at Mazars Italy, A Specialized Auditor, on the topic. In 2015 The Italian Watch Market became the …

Watchmakers Hope for a Better 2017!

High demand for Swiss luxury watches is boosting sales and the market is expected to reach a CAGR of more than 7.6% during the forecast period. Rise in disposable income and a burgeoning upper middle class in emerging countries such as India, China, and Brazil is contributing to market growth.  Manufacturers are also entering the …

Analysis and Perspective: Watches and Jewelry Markets – 2017

The Hard Luxury Sector is more Voluntary and Experienced from political unreliability as well as slowing demand in key markets. Nevertheless the Industry will Stabilize in 2017, based on positive Macro-Economic factors and on-the-ground Market Outlook. The World Presentation of Haute Horlogerie (WPHH) and The Salon International de la Haute Horlogerie (SIHH), Two Watch Exhibitions …

Global Watch Market: 2017 to 2020

Market research analyst predicts the global watch market to grow steadily at a CAGR of around 8% by 2021. One of the key factors responsible for the growth of this segment is the rise in the demand for Swiss-made luxury watches. This growth in demand is attributed to the superior quality, enhanced design and craftsmanship, …

Diamond Facts: Know your Diamonds!

The first diamonds were discovered in India and Brazil. Diamonds were believed to be “precious tears cried by the gods” or “splinters from falling stars” by the Ancient Romans and Greeks. Diamonds are a natural product of the earth that were formed billions of years ago under intense heat and pressure. Diamonds got their name …

Germany – The New Market of Jewelry, Watches and Personal Accessories!

People will continue to enjoy buying personal everyday Companions in future and giving them as gifts. This Germany’s Jewellery Market is expected to grow on average by 2.2 percent per year until 2019. This means it will increase from EUR 9.6 billion at present to EUR 10.7 billion. Surveys by the Cologne Institute of Retail …

Why Jewelry Retailers need a Comprehensive Inventory Management Software?

Many still aren’t using, or don’t even realize they need, the kinds of cutting-edge tools that integrate inventory with point-of-sale and customer engagement efforts. For instance, tools that capture a customer’s information at the time of purchase and integrate those details with your existing customer relationship management platform are a simple but effective way to …

The Future European Union Jewelry Market

Worldwide jewelry sales is still on the rise and were estimated at € 119 billion in 2007. The main markets were USA (€ 36.0 billion), EU (€ 23.9 billion), Middle East (€ 11.4 billion) and, since 2005, China (€ 10.4 billion) and India (€ 9.7 billion). Together these markets accounted for nearly 75% of global …

A Multifaceted Future: The Jewelry Industry in 2020

The jewelry industry seems poised for a brighten up future. Annual global sales of €148 billion are expected to grow at a healthy clip of 5 to 6 percent each year, totaling €250 billion by 2020. Internationalization of brands and Industry consolidation In the 1980’s, National apparel Brands were the pronounced leaders in their assigned/target …