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Rolex hit with staggering fine by competition authority - Jeweller Magazine: Jewellery News and Trends

Watch industry juggernaut Rolex has been fined €91.6 million ($AU149.2 million) by France’s competition authority for preventing authorised dealers from selling new watches online.

Rob corderUnion de la bijouterie horlogerieFrance competition authorityAutorite de la concurrenceCompetition authorityPellegrin amp filsWatch industryRances competition authorityAutorite de la concurrenceAtch counterfeitingUnion de la bijouterie horlogerieRob corderLuxury watchesUsiness to business

Rolex and Bucherer: Future of luxury watch industry still uncertain - Jeweller Magazine: Jewellery News and Trends

Rolex surprised the international luxury watch industry three weeks ago when it announced the acquisition of Swiss retailer Bucherer.

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Stunning Patek Phillipe sets new world record at auction - Jeweller Magazine: Jewellery News and Trends

A new world record has been set for the most expensive watch to be sold in an online auction, commanding a $US5,815,300 ($AU7,746,129) price tag.

Hong kongAsia pacificAlexandre biglerPatek phillipeSky moon tourbillonTop of the timeSky moon tourbillonHristies top of the timeAlexandre biglerUsiness to business

Luxury watch market approaching $100 billion milestone - Jeweller Magazine: Jewellery News and Trends

According to a recent report from the Boston Consulting Group (BGC), the luxury watch market will reach $US100 billion ($AU149.5 billion) before 2026.

United statesRob corderBoston consulting groupInhorgenta munichLuxury watch marketBoston consulting groupSwiss watchmakersUsiness to business

Vicenzaoro organiser claims record attendance in Italy - Jeweller Magazine: Jewellery News and Trends

Organisers have declared Italy’s 2023 Vicenzaoro January trade show to be an overwhelming success, highlighted by a record attendance from exhibitors and buyers.

Marco carnielloItalian exhibition groupExhibition group023 vicenzaoro january trade showItalian exhibition groupMarco carnielloJck onlineTrade showsTrade fairUsiness to business

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