With this, India has become the world's 22nd-largest Swiss watch importer, moving up one place from last year's position.
"The year 2023 performed very well for the watch market, especially luxury," said Pushpa Bector, senior executive director of DLF Retail, the retail arm of the real estate development company. "People are aspiring to buy luxury, and in 2024, there will be more exclusive brand outlets coming up for luxury brands. This is because some of these brands are very successful in multi-brand outlet formats, and they now want to have an exclusive presence for customers. One such example is Rolex. There will also be newer luxury brands that will come into the country in 2024," Bector said.
Shopping for wedding trousseaus kept up demand across categories, Bector said; however, watches in the mid-market to premium category did not perform as well as those at the higher end.
Bu hikaye Mint Mumbai dergisinin February 17, 2024 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin February 17, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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