MoneyNewsWorld

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.

Online:

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.

Our Standards, Terms of Use: Standard Terms And Conditions.

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]

Stay connected with Observatory and Observatory Newsroom, also with our online services and never lost the breaking news stories happening around the world.

Support The OBSERVATORY from as little as $1 – it only takes a minute. Thank you.

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.

Tags