UNITED STATES (OBSERVATORY NEWS) — The latest studies and statistics revealed that the luxury watch industry will witness tremendous growth during the period 2019-2025.
A survey of the luxury watch market of 2019 by Market Research Place data and research company revealed that the prices of watches from famous brands, will see a qualitative increase, and this market will flourish in the next few years.
The global luxury watch market was valued at $ 6.9 billion in 2018, according to a report by the grand view research.
The price of the Rolex Day-Date diamond rose from £ 24950 to more than £ 37,995.
The Rolex Cosmograph Daytona diamond watch rose significantly in 2017 to more than £ 43,000, and the following year reached £ 89,995, more than doubling.
The price of the Rolex Yacht-Master II rose from £ 26,290 to £ 31,800.
This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.
OBSERVATORY — Breaking news source, real-time coverage of the world’s events, life, politics, money, business, finance, economy, markets, war and conflict zones.
Contact us: [email protected]
We are OBSERVATORY — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes OBSERVATORY possible came from you.