Diamond Rolex, anyone? This holiday season may call for it
The slowdown in the luxury sector is hitting watches and jewellery. It’s probably a good time to put some bling under the tree
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IN THE market for some sparkle this Christmas? It may cost less than it did the last few festive seasons.
The slowdown in the luxury sector that has hurt big European names such as LVMH and Gucci owner Kering is touching everything from watches and jewellery to diamonds.
So, it is probably not a bad time to put some bling under the tree. Rough diamond prices have begun to stabilise, but man-made diamond values remain under pressure. As for watches, Rolex and Patek Philippe timepieces continue to change hands for much less than they did 18 months ago, making some bargains likely. And there is little to suggest they will not get even cheaper still.
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