Once the preserve of private dealers and small-scale retailers, the second-hand watch market is becoming a member of the mainstream. Not solely that, it’s set to turn into the industry’s fastest-growing segment, reaching $29 to $32 billion of gross sales by 2025. Brands should work hard to capitalise on this shift, and digital platforms have to sharpen their business models in an increasingly aggressive surroundings.
- 2014 was a pivotal year as a result of that is when the jewellery market recovered all that it lost in the Great Recession.
- In North America, average transaction value was up greater than 15%