New Market Report Now Available: Watches in Indonesia
Watches continued to be increasingly regarded as a status symbol among the wealthy. For this reason, luxury watches had the strongest growth both in mechanical and quartz analogue watches. Mechanical watches in particular are dominated by male luxury watches. They also command higher unit price compared to the female counterpart. Across different price segments, watches still enjoyed double digit value growth in 2013 supported by growing fashion lifestyle and rising disposable income.
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