Highly sought after for their exquisite craftsmanship, precision engineering and timeless elegance, luxury watches have long been a symbol of status and prestige for discerning individuals around the world.
From legacy watch brands to newer players and marketplaces, the world of luxury watches continues to grow in size and popularity. In 2022, the global luxury watch market reached a value of approximately US$45.6 billion. This figure is expected to grow at a compound annual rate of 4.9 per cent between 2023 and 2028, reaching a value of US$60.8 billion by 2028. Fuelled by social media, a rising demand for luxury products, increased disposable income and a surge in online sales especially in the pre-loved, secondary market-luxury watches are now reaching a wider and more diverse audience than ever before.
This includes female, Millennial and Gen Z collectors-many of whom started trading Swiss watches at home during the pandemic as a hobby and for investment. In 2022, Swiss watch exports exceeded the pre-Covid figures of 2019 by 15.5 per cent, proof that the demand for global luxury watches has not been dampened by the effect of Covid-19.
In Hong Kong, watch collectors needn't go far to find their next coveted timepiece. Located in the heart of Central, Landmark is home to the world's most prestigious luxury brands and is the ultimate destination for all things watches, jewellery, fashion, art and dining-a reputation that is expanding even further with the launch of Tatler GMT magazine.
Esta historia es de la edición August 2023 de Tatler Hong Kong.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición August 2023 de Tatler Hong Kong.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
THE LAST WORD
Every issue, we ask our cover star a round of quickfire questions that give us a little more insight into their personalities. This month: Gulf Kanawut lays it bare
WOMEN AT THE WICKET
Asia's women's cricket teams from outside the Indian subcontinent have been rapidly rising up through the ranks, creating opportunities, breaking barriers and changing the game as they go
TIME TURNER
A 2024 Turner Prize nominee, British Filipino artist Pio Abad talks to Tatler about carrying on family legacy, unearthing historical connections and why the Philippines is always at the core of his work
ROYAL RICHES
Ahead of the opening of Prince and the Peacock, Black Sheep Restaurants' latest establishment, Tatler joins the hospitality group on a culinary pilgrimage to India
MAKING HER POINT
Foil fencer Daphne Chan is happy to see the rising interest in her sport since Cheung Ka-long's historic win, and is headed to the Games with impressive wins behind her. But she's not allowing the pressure to get to her, and is most excited about who she might meet in Paris
IN IT TO WIN IT
Hong Kong freestyle swimmer Ian Ho, whose Instagram handle @Amphlb_ian playfully alludes to his aquatic prowess, competed at the 2020 Summer Olympics in Tokyo and won silver in the men's 50 metres freestyle at the 2023 Asian Games in Hangzhou. This month, he will represent Hong Kong at the Paris Olympics. He talks to Tatler about making Hong Kong proud, life as a student and professional athlete-and why relaxing is the way forward
UNFINISHED BUSINESS
Two-time Olympic swimmer Camille Cheng thought Tokyo 2020 would be her last Games, but competing in Paris was too big a draw for the French Chinese athlete
INTRIGUE AND INTRICACIES
Parisian artist Ugo Gattoni takes us through his elaborately designed poster for the Olympics and Paralympics in his home city this month
Crafting a New Legacy
Nicholas Lieou, creative director of high jewellery at Chow Tai Fook Jewellery Group, is reimagining jewellery, as the brand celebrates its 95th anniversary
A Lasting Legacy
Tatler explores Cartier's latest Watches and Wonders novelties with the maison's image, style and heritage director, who explains how the luxury house continues to create designs that are relevant today, yet rooted in legacy