Despite Consumer Demand, The Luxury Watch Industry Will Have To Shrink Before It Recovers

ASIA'S PREMIER LUXURY & LIFESTYLE MAGAZINE

SENATUS.NET

Shared Items

Despite Consumer Demand, The Luxury Watch Industry Will Have To Shrink Before It Recovers

https://www.forbes.com/sites/arieladams/2017/06/23/despite-c...

Circa 2017, the once proud luxury watch industry is in its weakest position since the late 1970s and early 1980s. At that time, the prevalence of inexpensive quartz movement-powered watches produced in Asia versus Europe almost completely decimated the mechanical watch industry. Cost and better technologies prompted an event called the "quartz crisis" which assaulted an industry that specialized in the production of spring-powered versus battery-powered timepieces. In short, better, cheaper watches unsurprisingly outsold less accurate and more expensive products to a mainstream market.

All Rights Reserved. SENATUS © 2024
 

SENATUS is a registered trademark of SENATUS PTE LTD. The material on this site may not be reproduced, distributed, transmitted, cached or used otherwise, except as expressly permitted in writing by SENATUS.