Luxury Watch Retailers’ Profit In China Declines Or Improves In 2014

In the context of relatively weak economic growth in Greater China, Franck Muller luxury watch China’s exclusive distributor Sincere Watch saw a decline in profits.

According to the 21st meter bank, as of March 31 this year, its net profit fell 14.7% year-on-year, or 15.3 million US dollars (about 93.93 million yuan). The watch bank’s shares have fallen by 6% in the past 12 months. According to the latest fiscal year statistics, its revenue was HK $ 740 million (about RMB 585 million), a drop of nearly a third.

However, considering the following factors, the watch bank’s revenue is expected to increase next year. First, China’s import tax on Swiss watches is expected to be cut. Second, the watch company is cooperating with Chow Tai Fook Group, a well-known Hong Kong jewelry retailer, to open more and more points of sale.

Xi Xianshi said that although the prospects for faster economic development in Greater China are not optimistic, ‘Asia should continue to drive the development of the global luxury retail industry.’

Oris Tt1 Series Calendar Week And Stopwatch

Oris has four series of ‘Motorsports’, ‘Diving’, ‘Flying’ and ‘Culture’ models, each with a distinctive style and many fans. In the racing series, Oris and F1AT & T Williams F1 Team have entered into a cooperative relationship since 2003, and have cooperated with many well-known drivers such as Mark Webber, Ralf Schumacher, Ouyang Ruoxi … etc. , Successfully shaping the close connection between Oris and the car. Recently, Oris also created two limited edition models for the 2011 RAID Paris Classic Car Rally, which interprets the combination of Oris and racing with different styles.

 The new Oris TT1 models listed this time are divided into calendar weekdays and chronographs. On the calendar week watch, the 43mm stainless steel case has a variety of color configurations to choose from; and the simple dial configuration with a rubber strap provides a direct sense of movement. In addition, the bezel can be divided into ceramic and stainless steel. In addition to the rubber material, the strap is also available in metal smelting. Oris TT1 calendar weekly.

TT1 calendar weekly (left), white TT1 calendar weekly (right)

 In the Oris TT1 chronograph style, the racing elements are further strengthened and presented on the large diameter of 45mm. Black dial with ceramic bezel, gray dial with stainless steel bezel; the bezel is equipped with black silicon shock-resistant thin layer, which can reduce the impact of watch collision and friction. On the dial, 3 and 9 large hour-dotted screens, combined with red and white hands, show great racing pleasure; the strap also has two types of metal straps and rubber straps to choose from. Oris TT1 chronograph style.

Oris TT1 chronograph stopwatch style, according to the choice of style and strap.