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WMR - January 2018


WMR - January 2018

Dear friends,

Welcome to the first issue of 2018!

We start the year on a very optimistic note. The past year had been one with many tribulations, and momentous changes for the industry. We went through the demonetization exercise. Then, there was the implementation of the GST first at the higher tax rate and then, much to the relief of the watch business fraternity, at the rate of 18%. Looks like the dust has settled and we are all set to go again on an upward growth trajectory!

By the time you read this, our team will be at the first horological fair of the year- the 28th Salon International de la Haute Horlogerie (SIHH), taking place January 15th to 19th 2018 in Geneva. The highly selective and very exclusive fair promises to unravel many secrets of bespoke timepieces. Do watch out for our curated picks and detailed reports on the fair in the forthcoming issues.

This issue also features the Titan Raga-Masaba collection. Titan has always assumed a leadership role when it comes to the Indian market and the brand is raring to traverse the year with more creative collaborations that speak to the modern customers.

We also feature conversations with two retailers. We talk to Bharat Kapoor and Gaurav Bhatia from the Art of Time. We also converse with Viraal Rajan, Director, Time Avenue. Both these interviews give us a sense of the current market in India.

Of course, you will enjoy reading our regular features that cover the varied aspects of the watch market. Essentials and Time Unleashed present curated watch picks. In Talk of the Town we discuss new watch releases. The Events section takes you through the exciting happenings and events in the watch world.

On behalf of the Watch Market Review Group I wish all of you a very happy and prosperous new year!

SK Sign
Sunil Karer