India Leads Growth in Swiss Watch Imports Worldwide
Mint Bangalore|January 06, 2025
Experts say this growth reflects mixed consumption patterns, and not just luxury demand
Varuni Khosla

Wealthy Indians are increasingly commissioning unique, handcrafted, luxury timepieces from top global watchmakers. For instance, a business family in Maharashtra has ordered a custom-made grand fireplace clock worth ₹5-6 crore from a prestigious French watchmaker. The clock, which will be ready in the coming months, is being created by April H., a private French company that has been making luxury timepieces for over 300 years.

Then, a 40-year-old Delhi-based luxury watch connoisseur recently acquired his first Ludovic Ballouard watch. The Geneva-based independent watch company is a brand very few in the world know about, as most of its watches start at a steep price tag of $70,000 (₹60 lakh) apiece. The buyer customized the piece for himself and etched the dates of birth of his two children, ultimately shelling out ₹1.6 crore for the watch.

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