The move offers Damiani a foothold in Swiss watchmaking while highlighting the pressures facing mid-tier timepieces in a changing global market.

“With this transaction, Mytheresa aims to create a pre-eminent, multi-brand, digital luxury group worldwide”, says Mytheresa CEO Michael Kliger

Technology proves to be a solid tool for luxury watch brands in their fight against mounting cases of fake timepieces and watch thefts.

Chairman of Richemont Group Johann Rupert put to rest the acquisition rumours and said that the company was not for sale.

For more than a decade, the Kimberley Process is the de facto certification in eradicating blood diamond. As technology advances, more could be done to further complement the KP and strengthen the process.

Richemont gears up for big horological reveals at Watches & Wonders amidst strong revenue growth in its jewellery business