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☆ The pre-owned luxury watch market is thriving
▼ + stars: | 2024-04-24 | by ( Fawnia Soo Hoo | ) edition.cnn.com time to read: +11 min

Granted, the pandemic-induced second hand luxury watch boom peaked back in March 2022, but the market is still going strong, and price levels remain higher than pre-Covid times. “(They’re) a crucial demographic for the growth and evolution of the pre-owned and vintage luxury watch industry,” added Paul Altieri, founder & CEO of multi-brand online luxury marketplace Bob’s Watches. Don't be shy," said Dimepiece's Brynn Wallner of new buyers' potential nerves when it comes to luxury watch stores. How can you tell if a luxury pre-owned watch is the real deal? “Luxury watches of this caliber will go from one generation to the next to the next to the next,” he explained.

☆ China’s growing love of luxury watches remains strong, despite economic headwinds
▼ + stars: | 2024-04-19 | by ( Leona Liu | ) edition.cnn.com time to read: +9 min

Despite economic challenges looming large — including prolonged downturns in both the housing and stock market — China’s fascination with luxury watches remains undiminished. Cyril Zingaro/WWGF/KeystoneCertainly at this year’s fair, well-dressed, well-accessorized Chinese customers appeared unfazed by economic uncertainties. After more than 20 years working in the region, he believes China’s economic slowdown is just a temporary phase. “The situation may be slightly (more) challenging for mid-level luxury brands (whose clients’ disposable incomes are potentially more at the whim of market forces). Collectors appreciate the craftsmanship, rarity, and heritage associated with luxury timepieces, which can hold or increase in value over time.

Persons: Matthieu Humair, Cyril Zingaro, Jackson Yee, Jaeger, Zhu Yilong, Wang Yang, Xiao Zhan, David Sadigh, Patek Philippe, Van Cleef, ” Sadigh, Valentin Flauraud, ”, Ricardo Guadalupe, “ We’ve, Pierre Albouy, Keystone Carson Chan, Richard Mille Asia, Bonhams, ” Chan, Raphael Young, Lange, Söhne, Wilhelm Schmid, Lumen, Chan, Vacheron, Young, Roger Dubuis, Dior, Louis Vuitton, Gucci — Chanel, Hermes, Hermès, Attelé, Chanel, Mademoiselle Chanel, “ Organizations: Geneva CNN —, Federation of, Swiss Watch Industry, IWC, Digital Luxury, CNN, Keystone, Fondation, “, Berkley, Couture Locations: Geneva, China, Hong Kong, Asia, Switzerland, Chopard, Europe, “, Asia — China, Guadalupe, Swiss, watchmaking

☆ Watch out Jeff Bezos and Lauren Sánchez — Mark Zuckerberg and Priscilla Chan are trying out mob chic, too
▼ + stars: | 2024-04-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Jeff Bezos and Lauren Sánchez aren't the only couple that's stepping it up in the fashion arena. Mark Zuckerberg and Priscilla Chan were seen trying out the "mob chic" look at Saturday's UFC event. AdvertisementStep aside Jeff Bezos and Lauren Sánchez; there's a new it couple in town, and they're coming for the "mob chic" crown. At the time, Zuckerberg wore an army-green T-shirt, while Chan wore a floral print dress. Related storyChan, meanwhile, appeared to be trying her hand at the "mob wife" aesthetic that's gone viral on social media.

Persons: Jeff Bezos, Lauren Sánchez aren't, Mark Zuckerberg, Priscilla Chan, Zuckerberg, swag, Chan, —, Lauren Sánchez, Jeff Bottari, Lauren Sanchez, Gabbana parry, Jacopo Raule, Jensen Huang, Huang, Anant Ambani's Richard Mille Organizations: UFC, Service, Getty, Dolce, Gabbana Party, Milan, Nvidia, Meta, Business Insider Locations: Bezos, Milan

☆ Pep Guardiola’s $1.26m watch makes headlines after Champions League match
▼ + stars: | 2024-04-13 | by ( Issy Ronald | ) edition.cnn.com time to read: +1 min

CNN —While Manchester City manager Pep Guardiola was watching his team play Real Madrid in the first leg of the Champions League quarter-finals on Tuesday, his watch was making headlines around the world. Guardiola was wearing an extravagant Richard Mille watch worth £1 million ($1.26 million) on his wrist at Madrid’s Estadio Santiago Bernabéu, according to TNT Sports, which is owned by Warner Bros. The limited-edition timepiece — one of only 50 ever made — is the lightest mechanical watch ever made, according to the designer, weighing only 18.83 grams including the strap. It was originally designed for 22-time Grand Slam tennis champion Rafael Nadal to wear while playing and so every element was carefully engineered to minimize its weight. Guardiola's Manchester City won the Champions League last year.

Persons: Pep Guardiola, Guardiola, Richard Mille, Estadio Santiago Bernabéu, Rafael Nadal, Oscar J . Barroso, Antonio Miró Organizations: CNN, Manchester City, Real Madrid, Champions League, Estadio, TNT Sports, Warner Bros, Europa Press, Barcelona FC Locations: Spanish

☆ Mark Zuckerberg and Jensen Huang just gave us a Meta-Nvidia crossover we never saw coming
▼ + stars: | 2024-03-27 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg seems to be a huge fan of chip giant Nvidia and its CEO, Jensen Huang. AdvertisementMeta and Nvidia CEOs Mark Zuckerberg and Jensen Huang just gave us a Big Tech fashion crossover for the books. AdvertisementA meeting between Zuckerberg and Huang wouldn't be surprising considering Zuckerberg's ambitions to expand aggressively into the AI space. In an earnings call last year, Zuckerberg told investors that AI will be Meta's "biggest investment area in 2024 for engineering and compute resources." Advertisement"We have built up the capacity to do this at a scale that may be larger than any other individual company," Zuckerberg told The Verge.

Persons: Mark Zuckerberg, Jensen Huang, Huang, Zuckerberg, Meta, —, he's, Ambani, Priscilla Chan, Alexander McQueen, Anant Ambani's Richard Mille, Huang wouldn't Organizations: Nvidia, Service, Big Tech, Meta Locations: Jersey, Asia

☆ Mark Zuckerberg got major timepiece envy over Anant Ambani's Richard Mille watch
▼ + stars: | 2024-03-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg says he "never really wanted to get a watch" until he saw Anant Ambani's. "After seeing that, I was like, watches are cool," Zuckerberg said while admiring Ambani's watch. Ambani told Zuckerberg and his wife, Priscilla Chan that he was sporting a Richard Mille watch. Zuckerberg was seen admiring Reliance Industries' heir, Anant Ambani's luxury timepiece in a video circulating on social media. Mark Zuckerberg & his wife Priscilla was surprised to see Anant Ambani's watch.

Persons: Mark Zuckerberg, Anant Ambani's, Zuckerberg, Ambani, Priscilla Chan, Richard Mille, —, didn't, Anant, Chan, Priscilla, — Nibraz Ramzan, @nibraz88cricket, Ambani's, Bill Gates, Donald Trump's, Ivanka, Rihanna Organizations: Service, Reliance Industries, Hindustan Times, Indian, Business, Microsoft, Business Insider Locations: Asia, Japan, South Korea, India

☆ The Fall of the Timepiece Gentleman, the Luxury Watch Dealer Who Ran Afoul of the Feds
▼ + stars: | 2024-02-04 | by ( David Kushner | ) www.businessinsider.com time to read: +29 min

Farrer is better known as the Timepiece Gentleman, the flashiest online dealer in the $75 billion luxury watch trade. All he needed was the right name for his luxury watch business — something distinctive, something memorable. In his mind, he pictured what the ultimate luxury watch dealer would look like. To launch his career as the Timepiece Gentleman, Farrer boned up on the jargon of horology, from escape wheels and spring barrels to flinques and guilloches. Despite the staggering size of the luxury watch trade, nobody had thought to market its glamour and mystique.

Persons: Reddit, I've, Anthony Farrer, Farrer, Mark Wahlberg, Marky Mark, Patek Philippes, Sharf, Prada, he'd, Cameron, Travis Baker, chronograph, Richard Chance, He'd, timepieces, Farrer boned, they're, Kevin Hart, It's, Buyers, Darby McVay, McVay, Liz Guilliams, Guilliams, You've, Dallas —, Crimepiece, vouching, Santa Monica, —, Darth Vader, y'all, reselling, Anthony, stiffing, Wesley Stokes, Stokes, Bob Schober, Joe Haden, Richard Mille, Schober, He's, Peter, Paul, didn't Organizations: YouTube, FBI, Timepiece Gentlemen, Watch, Buffalo Wild Wings, Business, Boston Consulting Group, Texans, Craigslist, Lamborghini, Malibu, Downtown, Hollywood, Cleveland Browns, TPG, Ducati, Venice Locations: Venice , California, Venice, backwoods Texas, Reddit, cowpoke, Sherman , Texas, Dallas, It's, Salt, Riding, Los Angeles, In Dallas, LA, Santa, Texas, Downtown Los Angeles, South Carolina, Scottsdale , Arizona, Stokes

☆ Jay Z's luxury watch collection is worth millions and includes one of the most complicated timepieces ever made
▼ + stars: | 2024-01-21 | by ( Julie Gerstein | ) www.businessinsider.com time to read: +9 min

Richard Mille RM011 Felipe Massa Chronograph Rose GoldJay Z expanded his collection of Richard Mille watches with this RM011 Felipe Massa Chronograph in rose gold. The rapper's Audemars Piguet Royal Oak 26585CE has an openwork sapphire dial and rose gold dial markers. Patek Philippe Nautilus 5711 in Tiffany BlueThe Patek Philippe 5711 was released in limited quantities in early 2021. The watch is based on the AP Royal Oak design that debuted in 1972 from watch designer Gérald Genta. Patek Philippe 2499Patek Philippe produced this watch from 1950 to 1985 in extremely limited quantities — only 349 were made.

Persons: —, Jay Z, Shawn Carter, Audemars Piguet, Hublot, Otis, Beyoncé, de Genève, Jay Z's Shawn Carter Hublot, Shawn Carter Hublot, Richard Mille, Richard Mille Jay Z's, freestyled, Rich Schultz, Richard Mille RM011 Felipe Massa Chronograph Rose, Felipe Massa Chronograph, Felipe Massa, Mille, Richard Mille RM027 Rafael Nadal Richard Mille, Matthew Stockman, Richard Mille RM027 Rafael Nadal, Rafael Nadal, Novak Djokovic, Nadal, Richard Mille Rafael Nadal, Roger Kisby, Audemars that's, 26585CE, Philippe, Phillip, Tiffany, Tiffanys Jay Z, Patek Philippe collab, Tiffany Blue, Audemars, Yves Klein, Klein, Gérald, Paul Newman Dial, Paul Newman, Newman, Jay, Z, Patek Philippe, Phillip Patek Jay Z, DJ Khaled, Patek, Patek Philippe Grandmaster, Getty, Jay Z's Patek Philippe, Tony Kavak, Kavak Organizations: Service, Business, GQ, Getty, Radio City Music Hall, Philippe Nautilus, AP, IFL Locations: Swiss, Brooklyn, Mille, Paris, French, Christie's, Geneva

☆ Meta's VR technology is helping to train surgeons and treat patients, though costs remain a hurdle
▼ + stars: | 2023-09-09 | by ( Ashley Capoot | ) www.cnbc.com time to read: +14 min

David Paul Morris | Bloomberg | Getty ImagesJust days before assisting in his first major shoulder-replacement surgery last year, Dr. Jake Shine strapped on a virtual reality headset and got to work. Kettering Health Dayton is one of dozens of health systems in the U.S. working with emerging technologies like VR as one tool for helping doctors to train on and treat patients. Since the beginning of last year, Meta's Reality Labs unit, which develops the company's VR and AR, has lost over $21 billion. Meta Quest 3 VR headset. "The first virtual reality headset that I used was this big clunky headset that had all these wires it had to be connected to a laptop to function."

Persons: Mark Zuckerberg, David Paul Morris, Jake Shine, Shine, Zuckerberg, didn't, Jan Herzhoff, Brennan Spiegel, Spiegel, Caitlin Rawlins, Rawlins, there's, Brent Bamberger, Reem, she's, it's, Daboul, PrecisionOS, Danny Goel, Richard Miller, he's, Miller, They're, It's, Goel, Kettering's Bamberger, Rafael Grossmann, Grossmann, Glass, Hollie Adams Organizations: Bloomberg, Getty, Kettering Health Dayton, CNBC, Meta, VR, Facebook, Labs, Apple, Elsevier Health's, U.S . Department of Veterans Affairs, Spiegel, Software, Doctors, PrecisionOS, University of Rochester, Portsmouth Regional Hospital, Google, of Fine Locations: San Jose , California, U.S, Ohio, Sinai, Los Angeles, Cedars, New Hampshire, Mayfair , London

☆ It’s a ‘Superhero Cape’ for the Wrist
▼ + stars: | 2023-06-15 | by ( Victoria Gomelsky | ) www.nytimes.com time to read: +2 min

WONG I totally hear you about the superhero cape. WONG I don’t know if I’d call myself a collector. I know collectors who have rooms of watches and they don’t know what they have. I’m going to come out and say I am a watch collector because I actually do put some thought into curating what I have. I experienced the best version of a watch meet-up on my very first one because it was a very diverse group.

Persons: WONG, Richard Mille, you’re, Suzanne, “, I’ve, Complecto Locations: New York

☆ Leclerc asks fans for privacy after home address leaked
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +1 min

April 9 (Reuters) - Ferrari Formula One driver Charles Leclerc has asked fans to respect his privacy after they keep turning up outside his Monaco apartment. "For the past few months, my home address has somehow become public, leading to people gathering beneath my apartment, ringing my bell, and asking for pictures and autographs," he said. "While I'm always happy to be there for you and I truly appreciate your support, please respect my privacy and refrain from coming to my house. Leclerc and Ferrari have had a difficult start to the Formula One season, with the driver retiring from two of the first three races. Reporting by Alan Baldwin, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ Italian police arrest four for stealing Leclerc's watch
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

ROME, April 4 (Reuters) - Italian police have arrested four people wanted in connection with the theft of a luxury watch from Ferrari's Formula One driver Charles Leclerc last year. Leclerc, who is from Monte Carlo, had his exclusive Richard Mille timepiece stolen from his wrist in the Italian seaside resort of Viareggio last April. The theft took place when the Formula One driver was approached by two people wearing motorcycle helmets who asked for a selfie. An investigative source said it was not yet possible to say if either of the watches found were the one stolen from Leclerc. Reporting by Cristina Carlevaro and Giselda Vagnoni; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ James Cameron's 'Avatar: The Way of Water' looks different from every movie you've ever seen—here's why
▼ + stars: | 2022-12-15 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

With "Avatar: The Way of Water" hitting theaters this weekend, director James Cameron is gambling that audiences are ready to not only return to Pandora after 13 years, but that they will be open to a film shot in 48 frames per second. For virtually the entire history of film, movies have been shot and displayed at the cinematic standard of 24 frames per second. This means that 24 still images are displayed on the screen every second, creating the illusion of motion. "It came to kind of define the genre of film," Richard Miller, executive vice president of technology at Pixelworks, says of the 24 frames per second look. Newscasts, live sports and even soap operas typically hit your TV screen at 30 frames per second, which gives them their distinct visual feel.

☆ Cambodian PM to give luxury watches as ASEAN summit souvenirs
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +3 min

[1/3] A view of the mechanism of a wristwatch intended as a souvenir for world leaders gathering at the ASEAN Cambodia 2022 summit, in this undated image obtained from social media on November 10, 2022. Hun Sen official Facebook page/via REUTERSPHNOM PENH, Nov 10 (Reuters) - Cambodian Prime Minister Hun Sen, an aficionado of luxury watches, will hand out intricate, locally made timepieces as souvenirs for world leaders at an international summit he is hosting this week. "These watches have been prepared and assembled by pure Cambodian technicians, which is part of scientific and technology and developments of Cambodia," Hun Sen wrote of the 25 limited-edition watches. While some Cambodians criticised the extravagance of the high-end gift, others praised Hun Sen for promoting the country's fledgling watchmaking ambitions. Sok Eysan, a spokesperson for Hun Sen's ruling Cambodian People's Party, said there was "nothing political or strange" about the watches.

☆ A couple used the empty Florida mansions of top Venezuelan officials to defraud banks of almost $10 million, report says
▼ + stars: | 2022-10-14 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

A couple used the empty Florida mansions of top Venezuelan officials to defraud banks. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA couple used the empty Florida mansions of top Venezuelan officials to defraud banks of almost $10 million, The Wall Street Journal reported. The Trump administration had sanctioned or indicted top Venezuelan officials and associates in 2019, which gave Castañed the idea of targeting mansions and penthouses in Miami owned by Venezuela's elite. With the help of fake passports, Castañeda and Martusciello, as well as their accomplices, impersonated four property owners. They then got banks to lend them almost $10 million against the homes and had the money wired to bank accounts they controlled.

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