Credits: Article and images by Celine Yap @ Revolution Watch Magazine. See the original article here - https://revolutionwatch.com/review-on-vacheron-constantin/
In February this year it was reported in the latest Morgan Stanley x LuxeConsult report that Vacheron Constantin had closed 2023 with an estimated record turnover of CHF1.097 billion based on estimated sales volume of 35,000 units. The venerated haute horlogerie maison has always enjoyed steady success throughout most of its long history spanning more than two centuries long, but the last five years had seen unprecedented growth even as the company — indeed the entire Swiss watch industry — negotiated trying times wrought by the pandemic.
But just as quickly as cities locked down, wallets opened up and consequently the years 2022 as well as 2023 in the first half ultimately went down as some of the best moments for the luxury watch business. From world number 11 in 2021, Vacheron Constantin jumped to eighth place in 2022, holding firm to that position in 2023. Closing 2022 with an estimated turnover of CHF825 million based on estimated number of units sold at 32,000, the maison grew by CHF272 million within one year to close 2023 with a spot in the Swiss watch industry’s highly exclusive billion-dollar club. Other watch companies here include Rolex, Cartier, Omega, Audemars Piguet, Patek Philippe, Richard Mille and Longines, with Audemars Piguet and Richard Mille being the two newer members.
Credits: Article and images by Celine Yap @ Revolution Watch Magazine. See the original article here - https://revolutionwatch.com/review-on-vacheron-constantin/
