The Watch Market Continued to Slow Down in Q1: Report

of 2024 shows a slight cooling off, with declines in sales overall of just 0.49 percent. That may sound like bad news, but, by comparison, Q1 of 2023 saw a full 2.23 percent decline. Taken as a year-long curve, this looks like the run off of a soft landing—perhaps even a stabilization—of the international watch market.the watch market soared ever upwards during the pandemic

However, the psychology behind these market shifts are far more difficult to discern, though that rarely prevents any of us from speculating. Ferenczi says that, “We even set a new record for transactions on our marketplace in Q1 2024. This could also be a sign that watch enthusiasts are speculating that prices will rise again, and thus are getting their dream watch at a potentially lower price.

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