Swarovski bullish on watch business
Luxury jewellery retailer, Swarovski, has bullishly asserted that while many industry players suffer from double digit declines, its own watch business is continuing to grow at a rate of over 30 per cent.
Robert Buchbauer, Swarovski CEO, said the development of their watch business is bucking the global industry trend.
“This is due to the uniqueness of our watches which exude the Swarovski design language and renowned sparkle, Swiss made and affordable enough for an everyday style upgrade.”
The luxury retailer recently launched its FW17 watch collection, which favours smaller proportions and numerous colour and size variations.
The Austrian jewellery retailer has also recently opened a new store at Perth Hay Street Mall which features the luxury retailer’s ‘crystal forest’ format, following on from its recent opening of a new boutique in the Sydney CBD, which is the first Aussie store to feature the brand’s crystal drop chandelier.
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