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Watches and jewelry

Report: Fashion trends influencing luxury watch sales amid declining profit margins

October 28, 2023

Hermès in January launched the Two-Tone H08 watch in titanium and rose gold, pricing the range of four models from $5,500 to $16,000. Image credit: Hermès Hermès in January launched the Two-Tone H08 watch in titanium and rose gold, pricing the range of four models from $5,500 to $16,000. Image credit: Hermès

 

By Staff reports

The luxury watch market size is estimated to grow at a compound annual growth rate (CAGR) of 1.61 percent between 2022 and 2027, or an increase of $2.91 billion.

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