Allegra Catelli

Swiss watch exports barely expanded in May after two months of declines, suggesting the industry is feeling the effects of fallout from the conflict in the Middle East.

Labor shortages are complicating a recovery in Europe’s construction market, with Asian contractors increasingly stepping in to fill the personnel gap, according to Swiss cement maker Holcim AG.

Watches of Switzerland Group Plc plans to drop a target to more than double sales and profit by 2028 as the luxury market has deteriorated since the forecast was set, according to people familiar with the matter.

It’s a good time for luxury watch collectors to buy a used Rolex Daytona Oysterflex watch. Especially if you can find one in yellow gold.

If you're coveting a used gold Rolex, now could be your moment The price of that model has dropped 4% since April. By Allegra Catelli, Bloomberg

Watches of Switzerland Group Plc shares jumped after Reuters reported without identifying the potential suitors that Britain’s largest Rolex reseller held talks in recent months over offers to take it private.

Watches of Switzerland Group Plc’s annual revenue jumped by 13%, supported by strong US demand that the luxury watch retailer said is laying the foundation for long-term profit growth.

Richemont sales expanded nearly twice as strongly as expected in the quarter through the end of June, supported by robust demand among wealthy Americans for its Cartier rings and bracelets.

Richemont sales surge on robust US demand for luxury jewelry Sales rose by 20% at constant exchange rates. By Allegra Catelli, Bloomberg

Panerai stands out in Richemont’s stable of watches — for all the wrong reasons.