Year: 2026

Tiffany and Co has unveiled a stunning Knot mini key pendant to honour the Lunar New Year, featuring exquisite 18k rose gold and a pink sapphire. Launched in China on January 1, the design encapsulates themes of connection and new beginnings, resonating with the celebratory spirit of the holiday. While initially available in China, a wider rollout is set for 2026. This piece continues the legacy of Tiffany’s Knot collection, rooted in designs dating back to 1889.

Lunn’s Jewellers has recorded a modest 2% rise in sales, totaling £38.5 million for the financial year ending February 2025, with operating profits steady at £2.8 million. Significant investment in a new £5.5 million Rolex boutique, unveiled in June 2025 at Queen’s Arcade in Belfast, signals a commitment to transforming the area into a luxury shopping hub. The company plans to enhance its Patek Philippe offerings, aiming to create an inviting experience that encourages customers to linger and appreciate the brand’s prestige.

The Lunn family has redefined Belfast’s luxury watch and jewellery landscape, evolving from a modest counter into a pivotal player in the industry. Their newly unveiled Rolex boutique in Queen’s Arcade marks a significant milestone for the family business, which has thrived through three generations. Executive chairman Peter Lunn, alongside his children, reflects on a journey marked by resilience amid economic challenges, emphasizing the importance of exceptional customer service and deep community ties. With planned investments to enhance the retail experience, the Lunns are poised to continue their legacy as integral contributors to Belfast’s vibrant retail scene.

Swedish watch manufacturer GoS is set to transition its pricing from US dollars to euros starting in 2025, citing a significant devaluation of the dollar. The company expects prices to increase by around 17%, with new euro rates reflecting January 2025 USD levels. Patrik Sjögren, GoS’s owner, emphasized the need for this shift to align with production costs predominantly incurred in Europe, while still allowing clients to pay in USD at current exchange rates. This change marks a significant evolution for a brand renowned for its exquisite timepieces crafted with traditional Scandinavian artistry.

In a tumultuous year for the luxury watch market, pre-owned Rolex prices peaked at £17,000 before settling at £16,310, reflecting an annual increase of 8.7%. Meanwhile, Patek Philippe watches experienced a decline, falling from £73,700 to £70,300. In contrast, both Audemars Piguet and Richard Mille saw modest gains, with prices rising to £46,000 and £291,000, respectively. Overall, the market closed 2025 with a 2% decrease, indicating a cooling trend in high-value timepieces.

As 2026 approaches, the focus shifts to family time and the spirit of forgiveness, prompting a need for thoughtful gifting. Watch expert Robertino Altieri recommends a selection of exquisite timepieces under $5,000. Notable mentions include the elegant Omega Constellation for women, priced around $1,400, and timeless Cartier models such as the Tank and Ballon Bleu, perfect for couples seeking matching gifts. Vintage enthusiasts will find appealing options with Rolex and Tudor watches, each combining style and value, making them ideal choices for meaningful presents that celebrate cherished moments.

Rolex has raised its prices by an average of 5% in the UK, effective January 1, reflecting broader global trends such as surging gold prices and fluctuating currency values. In contrast, US customers face an even steeper hike of 7%. Tudor and Audemars Piguet also see significant increases, with Tudor prices rising 5.6% in both the UK and US. Notably, Audemars Piguet’s US prices soared by 7.5%, while the UK experienced a modest 2.5% adjustment, highlighting varying strategies amid a competitive luxury watch market.