Day: 30 September 2026

Rolex UK has reported a 5% growth in turnover, reaching £736.7 million for 2025, despite a 10.4% decline in operating profit, attributed largely to unfavorable exchange rates. The significant depreciation of the pound against the Swiss franc has impacted costs, while employee numbers fell from 208 to 197, even as total staff costs rose markedly. Notably, the absence of official production statistics since 2015 leaves the luxury watchmaker’s output largely speculative, with estimates suggesting a production of around 1.15 million watches by 2025.

The Leaders in Luxury event recently celebrated Houlden’s 50th anniversary, a milestone marked by rich discussions on the evolving landscape of luxury retail. Established in 1975 by Stuart Laing, Houlden continues to champion independent jewellers through collaboration and innovation. Highlights included the prestigious Houlden Awards, recognizing outstanding contributions to the community, and the launch of a commemorative book detailing Houlden’s significant history. Managing Director Denise McLaughlin underscored the enduring principles of independence and collaboration that remain central to the organization’s mission as it embarks on the next chapter.

Omega celebrated the 70-year legacy of its iconic Speedmaster at an exhibition in Dubai, showcasing the watch’s evolution from a precision racing chronograph to a symbol of exploration linked with NASA’s lunar missions. The event highlighted significant models that defined the Speedmaster’s journey, culminating in the unveiling of seven new 38mm references. These latest designs emphasize a sporty character while honoring the collection’s heritage, featuring streamlined dials and classic bracelet styles. Omega’s president, Raynald Aeschlimann, noted that the updates draw even closer to the beloved Moonwatch, adding a new chapter to the Speedmaster’s storied history.

Four exceptional Rolex Daytonas, part of the exclusive Four Seasons collection, have been sold for a staggering £37.3 million at a Phillips auction in London. The proceeds will benefit the Federer Foundation and conservation group Re, co-founded by Leonardo DiCaprio. The Summer Daytona led the sale, fetching £10.3 million, while the entire collection showcases unique designs representative of each season. Rolex’s decision to auction rather than privately sell these one-of-a-kind pieces marks a significant moment in the luxury watch market, reflecting a potential shift in the brand’s approach to exclusivity.

The Manchester Watch Show returns on November 7, promising an impressive lineup of over 50 brands at Bridgewater Hall. With last year’s event selling out, demand is expected to be high as watch enthusiasts gather to explore a diverse range of timepieces, from affordable models to luxury Swiss designs. The day’s agenda includes discussions with notable independent watchmakers and insights into the auction market. Tickets are priced at £12, with discounts for students and free entry for children and carers.