Chrono24 introduces watch insurance for luxury timepieces

Chrono24 has introduced an innovative insurance service for watch enthusiasts, allowing them to insure their timepieces at current market value. Covering accidental damage as standard, customers can enhance their protection with theft coverage up to €25,000 or £25,000, all without deductibles. Available in several European countries, the policy offers owners peace of mind, simplifying the process of safeguarding their luxury watches against everyday risks. Claims can be managed flexibly, with repairs conducted at a service center of the owner’s preference, marking a significant step in watch ownership security.

Zenith plans major restructuring for luxury market revival by 2029

Zenith, the luxury watchmaker under LVMH, is poised for a dramatic transformation with a three-year turnaround plan aimed at revitalizing its brand by 2029. The strategy focuses on the exclusive “haute horlogerie” segment, anticipating a significant reduction in manufacturing capacity and projected job losses of around 100 globally. CEO Benoit de Clerck emphasized the urgent need to shift towards producing fewer, high-priced watches and acknowledged external pressures impacting the mid-range market. As consultations with affected employees commence, Zenith’s future hinges on adapting its business model to regain profitability in an increasingly competitive landscape.

Women in watches event set to connect industry leaders in Miami

The Women in Watches Miami event on November 6 is set to be a pivotal moment for the watch industry, featuring a brunch and two engaging panel discussions centered on women’s careers and consumer preferences in watchmaking. Held at TIMELUXE in Miami Worldcenter, the event welcomes both women and men, aiming to foster inclusive dialogue and networking among industry professionals. Esteemed speakers will address key topics, from enhancing career opportunities for women to understanding the evolving tastes of female consumers. This gathering promises to be an enriching experience for all attendees.