* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, August 9, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Peacock’s Biggest Action Show Streams 2 New Episodes Sooner Than You Think – yahoo.com

    Peacock’s Hottest Action Show Drops 2 New Episodes Sooner Than Expected!

    Themed Entertainment Design – Purdue Polytechnic

    Innovative Themed Entertainment Design: Creating Immersive Experiences

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology, History, and Summer Camp at the Rhode Island Computer Museum – abc6.com

    Exploring Technology, History, and Summer Camp Adventures at the Rhode Island Computer Museum

    MBU showcases student work at Occupational Therapy Technology Fair – WHSV

    Discover the Most Innovative Student Projects at the Occupational Therapy Technology Fair

    BlackSky Technology Inc. (BKSY) Reports Q2 Loss, Lags Revenue Estimates – Yahoo Finance

    BlackSky Technology Inc. Reports Q2 Loss, Misses Revenue Targets

    Improved Technology Access: A Key to Closing the Healthcare Gap for African Americans – BIOENGINEER.ORG

    LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

    LMI Expands Technology Team with Dynamic New Leadership Appointments

    Midland Innovation and Technology Charter School closing down – CBS News

    Midland Innovation and Technology Charter School Closes Permanently

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Peacock’s Biggest Action Show Streams 2 New Episodes Sooner Than You Think – yahoo.com

    Peacock’s Hottest Action Show Drops 2 New Episodes Sooner Than Expected!

    Themed Entertainment Design – Purdue Polytechnic

    Innovative Themed Entertainment Design: Creating Immersive Experiences

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology, History, and Summer Camp at the Rhode Island Computer Museum – abc6.com

    Exploring Technology, History, and Summer Camp Adventures at the Rhode Island Computer Museum

    MBU showcases student work at Occupational Therapy Technology Fair – WHSV

    Discover the Most Innovative Student Projects at the Occupational Therapy Technology Fair

    BlackSky Technology Inc. (BKSY) Reports Q2 Loss, Lags Revenue Estimates – Yahoo Finance

    BlackSky Technology Inc. Reports Q2 Loss, Misses Revenue Targets

    Improved Technology Access: A Key to Closing the Healthcare Gap for African Americans – BIOENGINEER.ORG

    LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

    LMI Expands Technology Team with Dynamic New Leadership Appointments

    Midland Innovation and Technology Charter School closing down – CBS News

    Midland Innovation and Technology Charter School Closes Permanently

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

‘Stop Comparing Them To Stocks’: Rolex CEO Says Luxury Watches Are Not Investments

April 21, 2024
in Business
‘Stop Comparing Them To Stocks’: Rolex CEO Says Luxury Watches Are Not Investments
Share on FacebookShare on Twitter

To many people, possessing an expensive watch from a luxury brand can make them feel like they own a valuable asset.

This is because the market value of watches can increase over time, allowing luxury watch owners to cash in, leading to large profits. For those interested in following this hustle, it can be treated as similar to lucrative investment opportunities.

However, Jean-Frederic Dufour, the CEO of Swiss watch manufacturer and designer Rolex, has urged people not to view their luxury watches as something to profit from.

Speaking to Swiss news outlet NZZ at the Watches and Wonders event in Geneva last week, he mentioned: “I don’t like it when people compare watches to stocks. It sends the wrong message and is dangerous. We make products, not investments.”

During the COVID-19 pandemic, the interest in second-hand watches garnered strong interest and led to price surges. From January 2021 to March 2022, the WatchCharts Overall Market Index spiked 72%.

This occurred as retail investors were keen to branch out from cryptocurrency and meme stocks, so they dipped into the watch market to make money from that sector.

The rise of the second-hand watch market caused Rolex to start authenticating its products through official certificates in 2022.

Despite having this popularity during the pandemic, the price of second-hand watches has plummeted recently, with Subdial reporting that there has been a 40 per cent drop in the last two years.

This sharp decline is caused by a lack of economic growth and the recent lifting of interest rates by the Federal Reserve. Borrowing costs shot up from approximately zero to roughly five per cent between May 2022 and last July.

As a result of the Federal Reserve’s decision, people have become more likely to resist spending big on expensive goods such as watches.

Even though there has been a decline in the popularity of second-hand watches, Rolex still endured a very successful 2023 as the manufacturer generated a record-breaking $11.5 billion in sales figures. This was a bump of 11 per cent from company sales in 2022.

Despite this recent success, Dufour believes his company is in a difficult period ahead, and it will be tough to lower prices due to the watch market’s vulnerable position.

He explained: “2024 will be challenging. It marks the end of a phase where all manufacturers have been doing well. When markets weaken, retailers come under pressure to cut prices. This is extremely problematic because discounts damage emotional products like ours.”

Partly to do with Dufour’s pessimistic outlook for Rolex in 2024 is the rising costs of raw materials, such as gold. Thirty years ago, one kilogram of gold would cost around 18,000 Swiss francs, but now it can put one back 66,000 Swiss francs.

Last year, the chairman of Patek Philippe, Thierry Stern, was among those in the luxury watch industry who predicted that there would be a noteworthy drop in demand. This led to his manufacturer producing between just 60,000 and 70,000 makes of the highly popular Nautilus sports watch each year.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : IBTimes – https://www.ibtimes.co.uk/stop-comparing-them-stocks-rolex-ceo-says-luxury-watches-are-not-investments-1724357

Tags: businessComparingstocks
Previous Post

Creation of Anantnag-Rajouri seat in J-K done without application of mind, says Ghulam Nabi Azad

Next Post

No.1 2024 WNBA Draft Pick Caitlin Clark To Earn Less Than The Average Police Detective

Technology, History, and Summer Camp at the Rhode Island Computer Museum – abc6.com

Exploring Technology, History, and Summer Camp Adventures at the Rhode Island Computer Museum

August 9, 2025
Veteran sports reporter Wes Rucker joins WBIR – WBIR

Veteran Sports Reporter Wes Rucker Joins the WBIR Team

August 9, 2025
Netflix Scores Canadian Rights To FIFA Women’s World Cup For Next Two Tournaments – Deadline

Netflix Scores Canadian Rights To FIFA Women’s World Cup For Next Two Tournaments – Deadline

August 8, 2025
Professor Emeritus Peter Temin, influential and prolific economic historian, dies at 87 – MIT News

Renowned Economic Historian Professor Peter Temin Dies at 87

August 8, 2025
Peacock’s Biggest Action Show Streams 2 New Episodes Sooner Than You Think – yahoo.com

Peacock’s Hottest Action Show Drops 2 New Episodes Sooner Than Expected!

August 8, 2025
Nebraska doctors struggling with mental health issues had nowhere to go, until now – KSNB

Nebraska doctors struggling with mental health issues had nowhere to go, until now – KSNB

August 8, 2025
White House readies order to fine banks for dropping clients over politics, WSJ reports – Reuters

White House readies order to fine banks for dropping clients over politics, WSJ reports – Reuters

August 8, 2025
Icing‐related injuries in polar bears (Ursus maritimus) at high latitudes – Laidre – 2024 – Ecology – ESA Journals

Frozen Peril: The Devastating Impact of Icing Injuries on Polar Bears in the High Arctic

August 8, 2025
Carnegie Science Center launching new name in September – CBS News

Carnegie Science Center Unveils Exciting New Name This September

August 8, 2025
Petersburg youth explore Coho Creek for science education – Petersburg Pilot

Petersburg Youth Dive into Science with Hands-On Exploration of Coho Creek

August 8, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (760)
  • Economy (783)
  • Entertainment (21,660)
  • General (16,354)
  • Health (9,823)
  • Lifestyle (793)
  • News (22,149)
  • People (784)
  • Politics (793)
  • Science (15,996)
  • Sports (21,281)
  • Technology (15,764)
  • World (766)

Recent News

Technology, History, and Summer Camp at the Rhode Island Computer Museum – abc6.com

Exploring Technology, History, and Summer Camp Adventures at the Rhode Island Computer Museum

August 9, 2025
Veteran sports reporter Wes Rucker joins WBIR – WBIR

Veteran Sports Reporter Wes Rucker Joins the WBIR Team

August 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version