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Omega

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Brand-only jewellery and watch stores: Vertical integrators take a foothold
Blog

Brand-only jewellery and watch stores: Vertical integrators take a foothold

The 2024 State of the Industry Report found that the most significant change in the market over the past decade has been the expansion of the international watch and…

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April 4, 2024
Aussie expansion: Swiss watchmaker opens new stores
Blog

Aussie expansion: Swiss watchmaker opens new stores

Swiss watchmaker Swatch has opened two new flagship stores in Australia. The new Melbourne store (Collins Street) will become the watchmaker's largest Australian store (315 square metres), while Perth…

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March 11, 2024
Currency headache: Swatch Group reports strong sales
Blog

Currency headache: Swatch Group reports strong sales

Swiss conglomerate Swatch Group has reported a significant increase in sales for the past financial year despite grappling with currency fluctuations. Swatch Group - which owns brands such as…

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January 28, 2024
Reality check: Watches of Switzerland lowers forecast
Blog

Reality check: Watches of Switzerland lowers forecast

Retailer Watches of Switzerland has lowered its full-year forecast, citing an adverse market for luxury timepieces. The UK-based retailer expects sales of between £1.53 billion ($AU2.95 billion) and £1.55…

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January 21, 2024
World Wildlife Fund criticises watch and jewellery industry
Blog

World Wildlife Fund criticises watch and jewellery industry

The World Wildlife Fund (WWF) has issued a scathing criticism of the jewellery and watch industry, publishing a report raising questions about the environmental impact of the trade. The…

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December 5, 2023
Strong sales: Watches of Switerzland maintains optimistic forecast
Blog

Strong sales: Watches of Switerzland maintains optimistic forecast

Luxury retailer Watches of Switzerland has recorded a revenue increase in the second quarter of the financial year off the back of solid sales performance in the US market. …

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November 20, 2023
Strong sales: Watches of Switerzland maintains optimistic forecast
Blog

Positive sales: Watches of Switerzland maintains optimistic forecast

Luxury retailer Watches of Switzerland has recorded a revenue increase in the second quarter of the financial year off the back of solid sales performance in the US market. …

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November 20, 2023
Rolex rippers: Concerning surge in luxury watch theft
Blog

Rolex rippers: Concerning surge in luxury watch theft

According to The Watch Register, a global database for lost and stolen watches, thefts have increased by 60 per cent in the past year. The London-based company maintains a…

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September 4, 2023
Impressive sales for Swatch – Jeweler Magazine: Jewelery News and Trends
Blog

Impressive sales for Swatch – Jeweler Magazine: Jewelery News and Trends

Swiss conglomerate Swatch Group has reported its strongest financials since the pandemic, with sales for the first half of 2023 increasing by 18 percent. Sales reached CHF4.019 billion ($AU8.6…

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July 16, 2023
Mixed reception to single-day MoonSwatch release
Blog

Mixed reception to single-day MoonSwatch release

The Swatch Group's collaborative interstellar project with Omega has continued, with the release of the 'Mission to MoonShine' MoonSwatch model in Japan – with models available in select stores…

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March 8, 2023
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