Study: Luxury watch prices will rise dramatically

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.

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