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Like every year and for now eight consecutive times, swiss watch industry consultancy firm luxeconsult and financial institution morgan stanley have worked together to bring their annual report of the swiss watch industry, and the estimated revenues of the top 50 brands. Expert analysis of the 2024 luxury watch market reveals surprising trends, performances, design preferences and which models dominated sales through the year. Since 2023, there has been a worldwide slowdown for luxury watch sales, with swiss watch exports falling by 2.8 per cent in 2024 and declining sales figures at some of the world’s biggest brands.
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We spoke to executives and checked out a bunch of new timepieces. Jewelry, in comparison, has been performing well, with a 2024 bain & company report on luxury goods stating there had been a 2 percent increase in global sales, which totaled 31 billion euros ($36. The new us tariffs are leading to a sharp drop in export volumes and posing exceptional challenges for the swiss watch industry
Despite 39 out of 50 brands seeing their sales decline, the total value of sales for the top 50 swiss watchmakers dropped by only 2.3%
A new everywatch report shows the secondary watch market is booming in 2025, with rolex, patek philippe and audemars piguet driving demand.
