The world’s biggest annual watch and jewelry fair, BaselWorld, opened its doors to 100,000 visitors in the Swiss town of Basel over the weekend. With glittering displays ranging from diamond-laden watches to emerald necklaces, it highlights the best, and most expensive, on offer in the world of luxury goods.
Increasingly, the fate of luxury watchmakers and jewelers depends on Asia. In 2011, Swiss watchmakers’ exports to Asia accounted for more than half of annual sales. Exports to China saw the fastest growth rate at 50 percent last year.
And for now, they see no signs of a slowdown in Chinese demand in 2012. Click ahead to see what the elite really want, and how much they are prepared to pay for it.
By Carolin Schober
Posted March 9th 2012