Generation Z finding time for second-hand luxury watches

By Agence France-Presse

Jan 25, 2023 11:58 am

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

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