Move reflects market shift to higher-value diamonds.
Category: Watches
Recent moves by Rolex and others to consolidate the new- and used-timepiece markets have created uncertainty for independent dealers in the US and Europe.
Global shipments saw growth slow in October.
Company purchased 19 Ernest Jones watch showrooms from Signet in October.
Timepiece by renowned horologists George Daniels and Roger Smith leads Sotheby’s Geneva auction.
Shipments to municipality rose 24% year on year in September.
Shipments up 3.5% year on year in August.
Takeover prompts concerns that authorized dealers of the famous timepiece brand could lose out.
Shipments to China and Singapore declined in July.
Revenue down 2% year on year in first fiscal quarter.