Try GOLD - Free
Aspiration: Behind the rise of luxury watch market in India
Mint Kolkata
|June 25, 2025
Swiss shine
India's appetite for Swiss watches shows no signs of abating. Exports of these timepieces to India rose over 10% year-on-year in the first five months of 2025, driven by aspirational buyers and evolving tastes.
Exports of Swiss watches to India rose to 104.3 million Swiss francs (₹1,100 crore) in January-May, up from 94.2 million francs in the same period of 2024, according to the Federation of the Swiss Watch Industry (FH). This follows a strong performance in 2024, when exports reached nearly ₹2,600 crore.
While globally Swiss watch markets such as China and Hong Kong have slowed, India has emerged as a bright spot with the strong momentum expected to carry through the wedding and festive season. Industry players say demand is not only rising, but also shifting towards higher price points and more design-driven choices.
This year, growth is likely to match or even surpass last year's, retailers and distributors told Mint.
This story is from the June 25, 2025 edition of Mint Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Kolkata
Mint Kolkata
ACME to invest ₹5k cr in green steel
CME Group is planning to invest ₹5,000 crore to set up a direct reduced iron (DRI) facility, according to industry sources.
1 min
October 13, 2025
Mint Kolkata
'FPIs, capex and earnings will drive markets up in Samvat 2082'
India is a market where exit is easy but entry is tough, says Nilesh Shah, MD of Kotak Mahindra AMC, the fifth-largest mutual fund based on quarterly assets under management (AUM) as of September-end.
4 mins
October 13, 2025
Mint Kolkata
Etihad focuses on premium India mkt
Etihad Airways, which operates 185 flights a week across 11 Indian cities, is banking on premium travel experience, customer segmentation and strategic partnerships to drive its business growth in the country, which is among the top three global markets for the airline, said an official of the Abu Dhabi-based carrier.
1 min
October 13, 2025
Mint Kolkata
Inside the West's race to defend the Arctic
Russia holds a large advantage in the high north. NATO’s effort to catch up is beset by challenges.
5 mins
October 13, 2025
Mint Kolkata
Meet Indian experts training AI models
60% of revenue derived from US clients. Since then, the market has significantly accelerated
2 mins
October 13, 2025
Mint Kolkata
Chip supply chain braces for China’s new rare earth curbs
Businesses across global semiconductor supply chain are bracing themselves for disruptions from China’s most targeted move yet to limit supplies of rare-earth materials as part of an escalating trade war between the Asian nation and the US.
2 mins
October 13, 2025
Mint Kolkata
India IMDb's second-largest market, led by multilingual content
India, known for its rich entertainment ecosystem and linguistic diversity, is now the second-largest audience for IMDb, the Internet movie database owned by Amazon, after the United States. Over the last five years, IMDb’s monthly visitors from India have doubled, said Yaminie Patodia, head, IMDb India, in a conversation with Mint.
1 mins
October 13, 2025
Mint Kolkata
Is Al cutting women out of leadership roles?
A recent report highlights anew culprit behind the ‘leaky pipeline’ that is excluding women from the workforce
3 mins
October 13, 2025
Mint Kolkata
Will new capital rule aid SBI Cards?
SBI Cards and Payment Services is seen as a potential beneficiary of the Reserve Bank of India's (RBI) revised risk weight-based capital adequacy norms.
2 mins
October 13, 2025
Mint Kolkata
Electricity reform: This time, let's make a go of it
Proposed legislative amendments aimed at fixing what ails this vital sector could help make Indian industry more competitive. Two proposals stand out that spell hope over experience
2 mins
October 13, 2025
Listen
Translate
Change font size