Highly sought after for their exquisite craftsmanship, precision engineering and timeless elegance, luxury watches have long been a symbol of status and prestige for discerning individuals around the world.
From legacy watch brands to newer players and marketplaces, the world of luxury watches continues to grow in size and popularity. In 2022, the global luxury watch market reached a value of approximately US$45.6 billion. This figure is expected to grow at a compound annual rate of 4.9 per cent between 2023 and 2028, reaching luxury products, increased disposable income and a surge in online sales—especially in the pre-loved, secondary market—luxury watches are now reaching a wider and more diverse audience than ever before.
