Top end Swiss watch maker Ulysse Nardin said the global economic crisis was ratcheting up demand for its ultra-exclusive timepieces as buyers were looking for more conservative values in times of uncertainty.
Italian jewellers are fusing the latest laser technology with traditional lace-making techniques in their efforts to ride out the economic downturn and keep up with growing competition from low-cost rivals in China and India.
A growing number of people are attracted to a career in horology as Swiss watch firms vie to meet buoyant Asian demand and to fill the hole left when industry heavyweight Swatch decided to cut the volume of mechanical watch parts it sells to others.
Safilo Group S.p.A. announces the completion of the acquisition of the Polaroid Eyewear business, a world leader in optics and polarized lens technology and a global eyewear manufacturer and distributor.
Swiss exports fell across most sectors in February, weighed down by the country's strong franc, with only a sharp rise in sales of watches staving off an overall decline as demand for the country's luxury goods stayed buoyant.
Swatch, a leading watchmaker, said on Monday that a lawsuit by US jeweller Tiffany had no legal basis and that it would contest the action in a battle between the luxury product groups.A counter-claim by Tiffany for 541.
In order to celebrate the 30th anniversary of its men’s clothing line Galaxy, the South Korean Samsung Group is launching another menswear brand. Named GX1938, the new line will be destined for the European market, beginning by Italy where it is manufactured.
The world's biggest watch group Swatch said on Tuesday its net profits jumped 18.1 percent to 1.3 billion Swiss francs (1,1 billion euros, $1.4 billion) in 2011 and it expected to sustain growth this year.