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WMR - January 2017

Foreword

WMR - January 2017


Dear friends,

We started this new year with a profound personal loss. We mourn the demise of Ved Prakash Karer, my father and mentor, who peacefully bid us goodbye on December 22nd 2016. He started Watch Market Review more than six decades ago.  He was 97 and lived a wonderful life filled with many great milestones. May his soul rest in peace. I know that his blessings will continue to guide the group.

The past two months have been very eventful for our country and the economy as well. A lot has been said and written about demonetization. In terms of the watch industry, for the short term, the sale for watches in the price category below rupees 5000 has been affected. For the past 2 to 3 years the luxury watch market is also not doing as well as it should be, due to a slew of global factors. I believe that the move of demonetization is a step forward to a more digital India. It will be instrumental in curbing the menace of black money. We are also awaiting the GST and if implemented it could really streamline the way business is done in the country.

We talk about new offerings from a much loved brand - Fastrack. The independent urban youth brand has come up with a stellar collection of watches commemorating the “Star Wars” craze on the release of the new film Rogue One: A Star Wars Story. 

In this issue we also peek into the The Salon International De La Haute Horlogerie (SIHH) 2017. Our team will be there to bring you the best of SIHH 2017 in the forthcoming issue. Meanwhile, Time Unleashed highlights some of the exceptional timepieces that will be presented at the fair. Essentials features watches that are great choices as gifts for Valentine’s day. We converse with Yashovardhan Saboo, CEO, Ethos Watch Studios, and Founder and Chairman, KDDL about the Indian watch industry, especially in the context of the current changing economic scenario. We also have a design led conversation with designer Marc Newson who has teamed up with Jaeger-LeCoultre to redesign the Atmos.

All this and more is in store for you in this issue. On behalf of our entire team Watch Market Review team I wish all our readers a very happy and prosperous 2017!

Happy Reading!

SK Sign
Sunil Karer  
Editor