Swiss replica watch exports to UK rise as tourists make most of fall in sterling

— Increase taps into surge of visitors to UK, exploiting what has become the cheapest luxury market in the world, say analysts

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A man looks at expensive watches in a shop window in Bond Street, central London.

Swiss replica watch exports to the UK rose by 13.4% in July as tourists exploited the drop in the value of the pound to snap up luxury goods.

The Federation of the Swiss Replica Watch Industry said watches worth 110.2m Swiss francs (£87m) were exported to the UK last month, the best figures since November 2015.

The figures are the latest sign of a boost for luxury retailers following the EU referendum result, which has pushed down sterling and made British shops more attractive to foreign visitors, with sales of jewellery and watches across the UK growing by more than 16% last month.

Pound against the euro

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The UK is now the cheapest luxury goods market in the world, according to analysts at stockbroker Exane BNP Paribas, which has predicted an uplift for British brands such as Burberry, Mulberry and Stella McCartney, as the stronger euro and dollar against the pound fuel tourist visits.

“Tourist inflows and spend are highly correlated to exchange rates. Continental markets such as France have suffered from relatively higher prices and terror attacks. “The likely consequence is a tourist spend boom in the UK,” said Luca Solca, a luxury goods analyst at Exane BNP Paribas.

The increase in Swiss replica watch exports to the UK compared with July 2015 makes Britain the fastest-growing major market for the sale of brands such as replica Omega, Breitling and Rolex.

Brian Duffy, the chief executive of Aurum, which owns the Goldsmiths, Mappin & Webb and Watches of Switzerland chains, said his outlets had seen an immediate pickup in sales of luxury replica watches (above £500) on the day after the Brexit vote. This was most evident in London and at the group’s airport stores, he said.

In July 2016 Switzerland exported 110.2 million swiss francs worth of watches to the UK

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“It’s very clear there’s a boom going on. We are selling a lot of very high-end pieces where the absolute amount of savings can justify the cost of foreign travel. The savings on a £300 watch can pay for a flight,” he said.

Michael Wainwright, the managing director of Boodles, which sells Patek Philippe replica watches, said the British luxury jeweller had seen good business from Asian and Middle Eastern clients, who usually visit the UK at this time of the year, because the exchange rate had made desired items about 18% cheaper than anywhere else in the eurozone. The pound has fallen by 11% against the euro and dollar since the vote to leave the EU.

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A Breitling replica watch with diamonds. Savings on luxury watches can justify the cost of flights, experts say.

Wainwright said the chain had also recorded a rise in American buyers last month, when Swiss replica watches were as much as 30% cheaper in the UK than in the US.
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“To some extent, it is commodity dealing. Collectors will gravitate to the country offering the lowest price and at the moment that is the UK,” he said.

Jewellery sales were also benefiting from the pound’s decline, although the market was less commoditised, and so differences in design, service and other factors had a bigger role to play than the watch market, where collectors know exactly what they want.

“The weaker pound doesn’t have such an enormous benefit as it does on replica watches, but it will help London, retail and luxury goods,” he said.

Mario Ortelli, a luxury goods analyst at Bernstein, agreed that the UK luxury market was likely to benefit as a whole from the lower value of the pound. “Many tourists will decide to come to the UK, not because they like the weather, but because they think the exchange rate is improving prices,” he said.

But the global market for luxury goods was not likely to benefit overall from strong sales in the UK, he said, as shoppers were merely shifting from one country to another.

However, Ortelli said luxury brands were likely to put up prices to ensure that they protected sales and profits, meaning the boost to the UK may not last. “The benefit will be short term,” he said.

Pound against the dollar

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Jewellers said brands including Patek Philippe and Cartier had already put up prices by between 8% and 10%, although Rolex, Omega and Breitling had yet to change.

Meanwhile, Ryanair said it was carrying 20% more Americans and 10% more Chinese from Europe on shopping trips to the UK this summer, which it attributed to the fall in sterling.

The rise in luxury spending in the UK might help brands with British heritage such as Burberry, which have suffered from falling numbers of Chinese visitors to Europe due to terror fears, and to Hong Kong because of visa changes.

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Cartier Panther Replica Watches For Women Hands On

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When it comes to signature motifs, nobody owns the panther like Cartier does. Jaquet Droz has its birds. Omega has James Bond. But for replica Cartier, the panther has been an authentic, recurring design motif since 1914, when Louis Cartier designed the company’s first wristwatch with a “panther-spot” motif. It was inspired by a painting he had commissioned called Dame à la panthère, depicting an elegantly dressed woman with a panther at her feet. At the turn of the 19th century, the panther was a popular symbol of feminine power and elegance.

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Since that first watch, the panther has been used as a motif in the company’s jewelry and replica watches uk, a recurring symbol of strength combined with elegance. It also defines Cartier replica, as well as its high-profile clients. Some of the more famous pieces include a bracelet and necklace designed in 1931 for heiress Daisy Fellowes, depicting a panther with rubies and pearls. In 1948, Cartier made a brooch for the Duchess of Windsor with a panther reclining on top of a huge emerald.

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A year later, the Duchess commissioned a panther brooch with the cat perched upon a sapphire cabochon of 152.35 carats, considered one of the master creations of long-time replica Cartier design director Jeanne Toussaint. Toussaint herself became known as “La Panthère,” not just because of her frequent use of the panther motif, but because of her fearless style and formidable personality. Whenever the panther appears in the fake Cartier collection, it is embellished. So it continues in recent years, with the increased interest in metiers d’art and the opening of Cartier’s new Maison de Metiers d’Arts in La Chaux-de-Fonds, Switzerland.

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For the past several years, Cartier replica has debuted four or five exceptional pieces at SIHH in Geneva, with sculpted panthers embellished with diamonds, gemstones, enameling or marquetry, with onyx or black lacquer used to depict the spots. Okay, technically a panther does not have spots – it’s all black – but Cartier’s panther is representative of all wild cats, including leopards. This year, four Cartier panther replica watches were introduced.

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The Cartier Panthères et Colibri watch with on-demand power reserve, makes a big show of the power reserve indicator. At the press of a button, a panther cub protrudes from the mother panther’s stomach (my colleagues dubbed it “the kangaroo panther”). Symbolically, the baby is chasing the gold hummingbird on the dial, which “flies” to a point on its arc that indicates the remaining power reserve. This is surely the most creative and poetic power reserve indicator ever made. There are several patents attached to the function. The sculpted Panther is set with 270 diamonds with spots in black lacquer and an emerald eye. The 42.75mm case is set with 314 diamonds and the dial is set with 11 diamonds on a black background. The black alligator strap has a double adjustable folding clasp in 18k white gold set with 43 diamonds. The Cartier Panthères et Colibri contains the manual-wound Caliber 9915 MC, with a three-day power reserve.

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The Cartier Panthère Mysterieuse embodies two signature Cartier elements – the panther and the mystery movement, in which the hands are suspended between two sapphire crystals, driven by a movement that is out of sight, so the hands seem to be floating in the air. The panther on this fake watch is perched around the circumference of the bezel and appears to be stalking the dial. She is sculpted in 18k gold and set with 533 diamonds. Two pear-shaped emeralds form the eyes, and the spots are black lacquer. The 40mm case is set with eight diamonds, the crown is set with 37 diamonds, and the buckle on the black alligator strap is set with 43 diamonds – all round brilliant-cut. The case is 8.50mm thick. The Cartier Panthère Mysterieuse watch contains the manual-wound Caliber 9981 MC, with 158 components. It operates at 4Hz, with a power reserve of 48 hours. It is also available on a gem-set bracelet.

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The Ballon Bleu de Cartier Granulation is a limited edition of 30 pieces, which makes sense when you consider the amount of work that goes into it. Each one takes a month to create, and there are only two people at Cartier replica who have the skills to do it, so they can’t even make 30 in a year. It combines two skills: enameling and the ancient art of granulation, traditionally done with gold balls. In this case, enamel balls are individually attached to the dial to form the composition, a panther’s head. Because the dials are made by hand, each one is slightly different. The 42mm case is 18k gold and set with 124 diamonds. The crown is set with a sapphire cabochon. The 18k gold buckle is set with 43 diamonds. The Ballon Bleu de Cartier Granulation contains the automatic Caliber 049 MC, and has a dark blue strap to match the dial’s background.

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The Cartier Panthère Mysterieuse Pendant replica watch is a unique piece that falls into the category of high jewelry. It is made of white gold, with an agate, onyx, and obsidian dial and more than 17 carats of diamonds altogether. The Fake Cartier Panthère Mysterieuse Pendant contains the manual-wound Caliber 9981 MC, a mysterieuse movement with hands moving between sapphire crystals. The 18k white gold case and chain are set with 1,256 brilliant-cut diamonds totaling 16.25 carats of diamonds. There are five triangular-shaped diamonds totaling 1.25 carats, one baguette-cut diamond of 0.05 carat. The eyes are set with pear-shaped emeralds.

Price for the pendant is on request. Price for the Cartier Panthères et Colibri is $188, the Cartier Panthère Mysterieuse is priced at $173, and the Ballon Bleu de Cartier Granulation is priced at $156.

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Luxury replica watches retailer seeks investment

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A Kent-headquartered retailer of pre-owned luxury replica watches is on the lookout for additional investment as it gears up to expand into international markets.

Stuart Hennell and Lloyd Amsdon, the majority shareholders and co-founders of BuyWatchesTop, have confirmed they are in early stage discussions with unnamed parties. Both financial and strategic investors will be targeted.

A company spokesman said minority shareholders, which include John Gill, Matt Bowlings and investors Beringea and Piton Capital, are “being kept informed regarding the matter”.

The stake available or the amount to be sought has yet to be determined.

The cash raised will be used for international expansion. In January 2016, BuyWatchesTop launched both US and Australia-focused websites, with the focus now on getting a physical presence.

The spokesman said although acquisition talks have taken place with several US and Australian companies, “it is unlikely BuyWatchesTop will use this method to expand”.

BuyWatchesTop reported turnover of £38.7m for the year ended March 2015, a 54 per cent increase from a year earlier.

Founded in 2002, BuyWatchesTop sells pre-owned luxury replica watches such as replica Rolex, Cartier, Tag Heuer, Breitling, Omega and Patek Philippe watches. Aside from website sales, the company operates four shops throughout the UK, as well as a concession stand in Harvey Nichols, Knightsbridge.

A 15 per cent stake in the business was sold to Piton Capital and Beringea for £6m in September 2015.

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