Day: 20 March 2026

Audemars Piguet has opened a state-of-the-art factory in Meyrin, blending modern advancements with the site’s rich heritage. The former pharmaceutical building, now renovated, spans 100,000 square feet and is set to house 350 employees dedicated to crafting exquisite watch cases and bracelets. CEO Ilaria Resta highlighted the facility’s commitment to collaboration, flexibility, and employee well-being, ensuring an optimal production flow while embracing future technologies. This renovation not only pays homage to the past but also positions Audemars Piguet at the forefront of modern watchmaking.

Signet Jewelers has reported fourth-quarter sales of $2.35 billion, reflecting a slight decline of 0.7% in same-store sales, despite a full-year revenue increase of 1.3% to $6.81 billion. The company’s operating income rose significantly to $318.3 million for the quarter, bolstered by effective cost management and improved margins. As part of its commitment to returning value to shareholders, Signet has raised its quarterly dividend by nearly 10% to $0.35 per share. Looking ahead, the company projects sales for fiscal year 2027 to range between $6.6 billion and $6.9 billion, as it focuses on enhancing its core brands and customer experience.

Rapper Rick Ross has unveiled a stunning watch collection valued at over $4 million, headlined by the remarkable $2 million Jacob & Co. Mystery Tourbillon. Showcasing a journey from a modest $4,500 Geneva watch purchased in 1998 to high-end luxuries, Ross highlights the emotional significance of his timepieces rather than their monetary value. His assortment boasts illustrious brands, including Patek Philippe and Rolex, with each watch telling a story of success and personal milestones. In an engaging interview, Ross reflects on the connections his collection fosters, underscoring that a watch is much more than a status symbol—it is a testament to his life and experiences.