Why Is It a Good Idea to Invest in a Luxury Watch?
Allied Market Research suggests that the luxury watch market is estimated to reach $51,317.3 million by 2027. It is expected to grow at a CAGR of 4.50% from 2021 to 2027. The report also suggests that luxury watches signify the status symbol of people, no matter how much high net-worth individuals deny this fact. But this is not all; luxury watches for men have much more to offer in terms of quality, craftsmanship, features, etc. Otherwise, why would people keep paying over $100,000 for just a watch?
Top luxury watch brands include Rolex, Patek Philippe, and Audemars Piguet. If you are planning to buy a luxury watch, here is why it is a good idea:
Handmade with Extreme Precision
Luxury watches are handmade. This simply means there are not many watches that are going to be produced. Brands spend hundreds of hours building a timepiece to achieve the best possible quality. Thus, luxury watches boast excellent craftsmanship. Everything is built with extreme precision to create a unique masterpiece, and unique things hold value for a long time.
Feature precious materials
Branded watches for men are worth their salt. The use of sapphire crystal, precious metals such as rose gold and platinum, and specially crafted metals, all drive the prices of luxury watches. The use of the finest material is directly related to the longevity of the watch and the value it holds. You will not find a pure rose gold case on an ordinary watch.
Result of years of research and development
When you are buying a luxury watch, you are not just paying for a watch. You are paying for the years of research and development and the best watch technology. Luxury watches are the most accurate watches. You can verify the authenticity of a luxury watch from certifications it has. For example, Swiss watches are the gold standard, but a watch can be called Swiss-made only if its movement is assembled, encased, and inspected in Switzerland.
So, you are paying for something that is rare.
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