Day: 15 July 2026

Peter Wong has been appointed as the new vice chair of the National Association of Jewellers (NAJ), set to join the committee in 2024. Succeeding Mehdi Saadian as chair in 2028, Wong aims to enhance education, training, and industry representation. He emphasizes the importance of talent retention within the jewellery sector and expresses a commitment to engaging with the diverse NAJ membership, ensuring their voices are heard. Saadian praised Wong’s integrity and dedication, highlighting a collaborative future for the association.

The recent trade deal between the UK and Switzerland heralds a boost for luxury watch executives, with British passport holders set to benefit from new e-gate access at Zurich Airport by year’s end. This move aligns Switzerland with the EU’s Entry-Exit System, promising more efficient border crossings. Yet, concerns linger over potential technical challenges during implementation, casting a shadow over expectations of swift passage for UK travellers amidst ongoing delays at border controls.

Cartier is currently outpacing other luxury watch brands, with its market interest soaring at a rate 3.5 times faster than its competitors, according to the latest ChronoPulse Index. Despite an average discount of 28.1% on the secondary market, demand for Cartier watches surged, contributing to a remarkable 5.9% increase in its scores throughout June. Overall, the luxury watch market saw a modest rise of 1.2% month-on-month, with ten out of thirteen brands recording price increases. Patek Philippe, in particular, displayed steady growth, while Tudor and Jaeger-LeCoultre also attracted attention as buyers seek value in a thriving sector.

Guess Watches has unveiled the AI Venix, an innovative limited edition timepiece featuring a distinct AI-generated design on its case and strap. This quartz-powered watch boasts three functional subdials, including a second time zone and date display. With only 200 pieces available, the AI Venix combines cutting-edge technology with style and is exclusively sold online at guesswatches.com.

Richemont has reported a robust 20% increase in overall sales, reaching €6.3 billion for the quarter ending June 30. The jewellery segment, dominated by luxury brands like Cartier, saw a remarkable surge of 24%, while the Specialist Watchmakers division also made strides, recording an 8% growth at constant currency. The Americas emerged as the frontrunner in this growth, with a notable 27% rise in sales. Despite improvements, profit margins within the watch division declined, highlighting a challenging landscape as the company adapts its retail strategy amid fluctuating market conditions.

A landmark trade agreement between the UK and Switzerland is set to transform travel and commerce, granting British passport holders access to e-gates at Swiss airports and eliminating mobile roaming charges for travelers. Trade Secretary Peter Kyle heralded the deal as a pivotal service trade accord, potentially boosting UK exports to Switzerland by £5.2 billion annually. The arrangement extends business mobility provisions indefinitely, allowing UK firms greater flexibility in delivering services. Prime Minister Sir Keir Starmer underscored its significance in facilitating opportunities for British businesses and enhancing travel experiences for countless tourists.

As sustainability becomes a key consumer demand, watch manufacturers are prioritising eco-friendly practices in both production and sourcing. Innovative designs now feature recycled components and plant-based materials, while brands engage in conservation partnerships to further their environmental impact. Solar-powered watches offer an alternative to battery dependence, marking a significant stride toward sustainable luxury. This shift not only reflects a commitment to the planet but also shapes the modern watchmaker’s identity, proving that style and sustainability can coexist on your wrist.