Baselworld: “The 2018 Event was a success”

Baselworld is, and remains the world's leading trade fair for watches and fine jewellery. This assessment was confirmed by its 2018 event, which recently closed its doors after seven intense days of activity. Luxury watchmaking has experienced somewhat of a crisis in recent years, with the fall in demand from China, a strong Swiss franc and terrorist attacks in Europe. This crisis has manifested itself through a necessary and life-saving refocusing on the historical players in the sector. This refocus is reflected by profound thoughts on the new collections and “essentials”, as well as the price of the models and their method of distribution. Some more recent and fragile players, such as Burberry, have thrown in the towel. But the established houses have held on and delivered a demonstration of excellence in line with their reputation, with fair offers at stable prices, in a climate of renewed confidence.