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The Hour Glass Limited (SGX: AGS) [1] is a Singapore-based specialty luxury watch retail group. [2] The Hour Glass' has multi-brand and standalone boutiques in Singapore, Kuala Lumpur, Bangkok, Phuket, Ho Chi Minh, Hanoi, Hong Kong, Tokyo, Sydney, Melbourne and Brisbane. [3] It works as the official retailer for a number of luxury watch brands. [4]
Following moves in the past year to launch its own certified pre-owned service — and boost new watch supply by opening new production facilities — Rolex is now ... Rolex made 1.05 million ...
It was the first UK website dedicated to the online sale of second-hand watches when it started in 2002. [3] It was the first retailer to offer a "buy-back guarantee", in which the company refunds the cost of a watch if returned in good condition after two years. [5] It services and repairs at least 600 watches per month in-house. [6]
As of 2023, Compagnie Financière Rupert, a Swiss company that holds shares controlled and principally owned by Johann Rupert, was the only significant shareholder of Richemont with 3% or more of the voting rights.
Rolex watch in original packaging. Rolex SA (/ ˈ r oʊ l ɛ k s /) is a Swiss watch brand and manufacturer based in Geneva, Switzerland. [2] Founded in 1905 as Wilsdorf and Davis by German businessman Hans Wilsdorf and his brother-in-law Alfred Davis in London, the company registered Rolex as the brand name of its watches in 1908 and became Rolex Watch Co. Ltd. in 1915.
The Financial Times stated that in 2022 there was market of over a billion dollars for grey market Swiss watches such as Rolex, Breitling, IWC, Cartier, Patek Philippe, Audemars Piguet, Breguet and Bulgari. [28] [29] Barron's has said that in 2017 fine Swiss watches were available for up to 40% lower prices from the grey market.
Creation of the Panthère de Cartier watch. 1984 – Launch of the second New Jewellery collection on the theme of gold and pearls. Creation of the Fondation Cartier pour l'Art Contemporain in Jouy-en-Josas. 1985 – Launch of the Pasha de Cartier watch. [3] 1986 – Launch of the third New Jewellery collection on the theme of the panther.
In 2020, due to the circuit breaker measures as a result of COVID-19 pandemic in Singapore, the Great Singapore Sale was cancelled on 3 May and moved online from 24 August, making it the first online GSS in its 26 year run. [5] In 2021, the Great Singapore Sale [6] teamed up with online shopping platform Lazada [7] and transformed the retail scene.
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