Investment

Watch & Jewelry Market Insight

by NS Partners

Luxury Market Pulse

The global luxury market confirmed its low single-digit growth, however the hard luxury sector recorded another negative month.

Holiday sales were mixed, as entry-price (< $1,000) watches & jewelry performed better than previous months, brands benefitting from this trend were value-for-money companies such as Movado, Fossil, Dinh Van or Signet Jewelers.

High-End products (> $3,000) did slightly better in Europe and absolute luxury items (> $10,000) performed better in Asia, helped by better domestic consumption in China, which partially offset lower tourism flow to Europe during the period. Consumers gave momentum to niche brands like Richard Mille and historical market leaders like Cartier, Patek Philippe and Rolex.

2016 was a difficult year for the industry but the holiday season confirmed the recovery for jewelry sales but watchmakers continued to struggle due to a lacklustre environment in Asia, particularly in Hong-Kong. Watch distributors fear price war and currency volatility but remain cautiously optimistic for 2017 after recent signs of stabilisation, easier comp. basis.

Please check the latest Watches and Jewelry Market Insight directly from Franck Muller Geneva: Watch & Jewelry Market Insight

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Antonio Mira
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Antonio Mira joined NS Partners in 2006 as Group Chief Financial Officer. He heads the corporate functions and is involved in coordinating and implementing the decisions of the Executive Committee.
An experienced bank auditor, Antonio started his career in 1995 with Arthur Andersen, where he worked for some 7 years before joining Ernst & Young in 2002 as a Senior Manager.
Antonio is a Swiss chartered accountant and a Business graduate of Lausanne University (HEC).

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Sébastien Poiret joined NS Partners in 2008 and manages funds of hedge funds and private client mandates. He also oversees the development of the Group’s offices in Mauritius.

Prior to joining NS Partners, he served as a Trader, Head of Manager research and Portfolio Manager in the USA and Switzerland for a single hedge fund (1998-2004) and for Optimal (2004-2008), Grupo Santander’s fund-of-hedge funds operations.

Sébastien holds a Bachelor’s degree in Corporate Finance from the ESPEME Business School (EDHEC Group) and an MBA in Finance and Economics from the Institute of Business Administration, both in Nice.

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Abir Oreibi joined the Board of the NS Partners Group in 2018, where she brings her truly international perspective and rich experience.
Among many other ventures, Abir set up Alibaba.com’s first European office. After living and working in Shanghai, Hong Kong, Bangkok and London, she now lives in Geneva, where she is CEO of Lift Events, an organization that identifies technology trends, their business and social impact through the organization of events and open innovation programs. Issues related to the challenges and opportunities created by new technologies as well as the strategic responses from organizations are at the heart of Lift’s activities.
Abir holds a BA in Political Sciences from the University of Geneva. She is an investor, and member of advisory and innovation boards.

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He started his financial career in 2005 as Head of Quantitative Analysis for a Swiss Family Office, selecting funds and managing portfolio allocation. In 2008, he switched to the alternative world and joined Peak Partners as hedge funds analyst.
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