The ecommerce luxury watches market refers to the online retailing of premium and high. The positive financial performance has attracted new buyers, fueling market growth. After a year of declines, sales of watches and jewelry at luxury giant lvmh rebounded in the latest quarter and continued to shine into january, according to several of.
Most luxury watch brands, whose prices start from a few lakh of rupees and top the crore mark, have seen sales in india grow substantially in 2024, although the base remains low. How will the watch industry recover? Sales of luxury watches in india are hitting record demand in 2024, with significant growth in metro and smaller cities.
Brands like rolex, montblanc, and rado report strong. The latest report shows that swiss watch sales have taken a hit in 2024, with total unit sales dropping from 16 million to just over 13 million, and the combined turnover of the top 50. Revenue in the luxury watches market is projected to reach us$6.61m in 2025. Richemont and swatch report falling sales amid weak china demand, strong swiss franc, and luxury fatigue.
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