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Generation Z finding time for second-hand luxury watches

ZURICH: Swiss watches are in high demand these days, but sales of second-hand timepieces are also booming, driven by Generation Z buyers who want luxury goods but are also sustainability-minded.

The global second-hand watch market is estimated at nearly 20 billion Swiss francs ($21.7 billion) and could reach 35 billion francs by 2030, according to a study out in October by the auditing and consulting giant Deloitte.

In this file photo taken on January 14, 2019, a model by Swiss watchmaker Richard Mille is displayed on the opening day of the 29h International Fine Watchmaking Exhibition SIHH, in Geneva. AFP PHOTO In this file photo taken on January 14, 2019, a model by Swiss watchmaker Richard Mille is displayed on the opening day of the 29h International Fine Watchmaking Exhibition SIHH, in Geneva. AFP PHOTO
In this file photo taken on January 14, 2019, a model by Swiss watchmaker Richard Mille is displayed on the opening day of the 29h International Fine Watchmaking Exhibition SIHH, in Geneva. AFP PHOTO