Shares of major watchmakers have taken a hit amid ongoing market volatility, with Swatch shares experiencing a peak of CHF 200 before retreating to CHF 165. Richemont’s stock fell by 19% to CHF 131, and The Watches of Switzerland Group saw a 17% drop following a previous high of £5.18. In contrast, Seiko’s shares surged by 158% before a 20% pullback. The Middle East remains a crucial market for luxury watchmakers, with significant sales growth in the region, underscoring the high stakes for the industry amid economic uncertainty.
Day: 23 March 2026
Laings revitalizes Glasgow’s jewellery scene with new showroom
Laings, a prominent name in Glasgow’s jewellery scene since 1840, is set to unveil a new showroom in the iconic Argyll Arcade, previously its longtime home. This development, part of a broader strategy to blend tradition with innovation, aims to elevate the shopping experience by showcasing cutting-edge diamond and jewellery offerings. Serena Gough, Services Director, highlighted the showroom’s focus on craftsmanship, while CEO Joe Walsh emphasized the importance of returning to Laings’ roots. As the city awaits the details, the project promises to further enrich Glasgow’s luxury retail landscape.