Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Wealth Ali Bayramoglu poses wearing glove by Que, watch by Rolex

Ali Bayramoglu poses wearing glove by Que, watch by Rolex (Photo by Levent Kulu/Getty Images For IMG)

By Savannah Young Leaders Staff

Savannah Young

Savannah Young

News Writer

Savannah Young is a news writer for Leaders Media. Previously, she was a digital reporter for WATE Channel 6 (ABC)...

Full bio


Learn about our editorial policy

Mar 27, 2023

Swiss Watch Sales Tick Upward

Luxury watch owners in Switzerland and Japan have the highest financial returns compared to other luxury collectors worldwide.

Key Details

  • Luxury watch collections in Switzerland and Japan have appreciated an average of 40% since purchasing, according to the trading platform Chrono24.
  • Collectors in the two countries own around 6 pieces, but the median collection value (MCV) is $68,700 in Japan and $48,700 in Switzerland.
  • In Hong Kong, collectors have an average of around 7 luxury watches that have appreciated by 38%, with an MCV of $83,000.
  • U.S. watch collectors have an average of 6 pieces worth $38,400 and an average return of 31%.

Why it’s news

Despite the luxury watch market significantly winding down over the last few months, luxury watch collectors see a return on investment, with the highest rate being seen in Switzerland and Japan.

Financial returns earned by luxury watch collectors are the highest in Switzerland and Japan compared to other countries, possibly because both countries are home to many top watch brands, allowing residents to have better knowledge and easier access to high-performing brands. 

Switzerland has many major luxury watch brands, including Rolex, Omega, and Patek Philippe, while Japan is home to Seiko, Grand Seiko, Citizen, and other major brands. 

A study by Chrono24 on its users and 1.3 million watch collectors found that watch collectors in Switzerland and Japan have the highest return on investments, with an average of 40%.

Countries on the lower end include the Netherlands with 24%, Germany with 25%, and Austria and Belgium with 26%. The United States fell in the middle with 31%, along with the United Kingdom with 30% and Spain with 31%.

The total collections tracked on Chrono24 are worth more than $49.7 billion, marking just a small fraction of the estimated $750 billion value of all the watches in the world, according to the company.

The market winds down

Return on investments for luxury watches is high, considering the market dropped significantly at the end of 2022.

Watches of Switzerland Group Plc, the top Rolex seller in the U.K., had disappointing sales in the U.S. for the third quarter. Sales dropped to the lowest level in over two years, disappointing analysts and boosting predictions that the luxury watch market is slowing down.

The luxury watch market had a good couple of years as more people started buying luxury watches during and after the pandemic, but sales in the third quarter dropped considerably, making analysts predict an oncoming downward trend. 

The low spending in the watch market has been linked to U.S. consumers cutting back on spending due to high inflation and slowing economic growth. 

Watches of Switzerland Group has a long waitlist for its luxury watches, but CEO Brian Duffy says many customers on the lists for multiple watches have been declining the purchase when the watches become available. 

He also says that many of the top brands have raised prices this year by an average of 4%, including Rolex, Omega, Patek Philippe, and Zenith, which could lead to a purchasing slowdown.

Home / News / Swiss Watch Sales Tick Upward
Share
FacebookTweetEmailLinkedIn

Related Stories

Fortune 500 Reveals Economic Changes 

by Hannah Bryan Leaders Staff
Wealth

13 hours ago

Fortune 500

Fortune released its annual list of the 500 largest companies in the U.S., revealing the continued success of many big names along with a few changes.

Key Details

  • The 69th annual Fortune 500 list, which ranks the 500 largest companies in the U.S. by revenue, revealed that Walmart still tops the list. 
  • While companies like Walmart have remained at the top of the list for over a decade, this year’s list shows that oil companies are rising again after a brief dip.
  • Healthcare companies are also rising, urged on by growing demand for pharmaceuticals and healthcare needs, Fortune reports. 
  • The report also found that companies on the list are increasingly located in Texas and leaving California and New York. 

Go deeper

FacebookTweetEmailLinkedIn

Becoming a Billionaire Takes Patience

by Hannah Bryan Leaders Staff
Wealth

Jun 2, 2023

Young billionaires often dominate headlines, but the truth about wealth is that it often takes time, and many are past the average retirement age. 

Key Details

  • While entrepreneurs under age 60, like Elon Musk and Mark Zuckerberg, are among the most well-known billionaires, most of the world’s wealthiest are much older. 
  • The median age of a billionaire is around 67 years old, according to a recent report from data firm Altrata. 
  • Of the 3,194 billionaires worldwide, around 42% are over 70 years old, and fewer than 10% are under 50, CNBC reports.
  • While tech wizzes and sports celebrities may frequent headlines as up-and-coming billionaires, the report’s findings indicate that the reality of wealth is that it takes time.

Go deeper

FacebookTweetEmailLinkedIn

The Massive Wealth Of the Fictitious ‘Succession’ Family

by Geoffrey Morris Leaders Staff
Wealth

May 26, 2023

Looking at the accumulated wealth of the fictional Roy family of HBO’s show Succession, the final episode of which releases Sunday evening. 

Key Details

  • The family’s ownership in the company Waystar / Royco is worth around $25 billion.
  • The real-estate holdings add to up to more than $370 million.
  • Private jets, helicopters, and a yacht are valued at about $320 million.

Go deeper

FacebookTweetEmailLinkedIn
Wealth

May 18, 2023

Under Armour Could Make Steph Curry a Billionaire 

by Tyler Hummel Leaders Staff
Wealth

May 16, 2023

Keeping Wealth In the Family 

by Tyler Hummel Leaders Staff
Wealth

May 16, 2023

Many Zeros In Football Player Salaries 

by Tyler Hummel Leaders Staff

Recent Articles

Personal Growth

19 hours ago

The Executive’s Secret Weapon: Morning Meditation for Increased Productivity and Focus

Learn why leaders and executives practice morning meditation for performance.

Leadership

Jun 1, 2023

Transforming Impulsive Behavior: Unleashing the Disciplined Leader Within

Impulsivity can cause financial problems, reputation damage, and legal issues.

Leadership

May 31, 2023

Self-Sacrificing and Hate Attention? You May Be an Echoist, the Opposite of a Narcissist

An echoist, the opposite of a narcissist, is selfless, but lacks boundaries and self-esteem.

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com

x