Cartier, delegated by Richemont, and Kering launched the Watch & Jewellery Initiative 2030 driven by a common conviction that the UN Sustainable Development Goals (SDGs) and aspirations for a sustainable industry can only be achieved through collaborative initiatives. The global initiative is open to all watch and jewellery players with a national or international footprint. It is committed to a common core of key sustainability goals in three areas: building climate resilience, preserving resources, and fostering inclusiveness.
Rolex is offering the opportunity to purchase from its official retailers pre-owned watches that are certified as authentic and guaranteed by the brand. These timepieces benefit from the exacting quality criteria inherent to all Rolex products and from a two-year international guarantee, valid from their date of resale in the Rolex network.
Deloitte, in a recent survey study indicates that there will be a significant increase in watch sales this coming year, with growth in online purchases along with shoppers looking for pre-owned watches in efforts at finding more sustainable consumer solutions.
Rolex a notable brand and player in the Antwerp diamond scene has reportedly bought 100,000 square meters of land in Bulle the equivalent of ten football fields about fourteen miles north of Montreux on Lake Geneva, in Western Switzerland. To keep up with increased global demand for their signature watches the company has plans to build a facility employing up to 2,000 people.
Rolex currently employs around 30,000 people, according to industry sources.