{"id":7085,"date":"2010-12-27T18:12:01","date_gmt":"2010-12-27T18:12:01","guid":{"rendered":""},"modified":"2010-12-27T18:12:01","modified_gmt":"2010-12-27T18:12:01","slug":"In-China--Year-of-the-Watch","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=7085","title":{"rendered":"In China – Year of the Watch"},"content":{"rendered":"

Asian buyers walked away from with some pricey bling in 2010.
\n1. Luxury in China = watches:<\/strong> Watches became one of the largest categories for luxury spending in China, thanks largely to the growing group of wealthy male consumers.<\/p>\n

2. Pink diamonds<\/strong>: The crown gems at both the Sotheby\u2019s and Christie\u2019s jewelry auctions around the wolrd this year were pink diamonds. With a healthy Asian economy, one of these rare stones fetched a record price at auction \u2014 US$23 million for Christie\u2019s \u201cPerfect Pink.\u201d It was the highest price ever paid for a precious stone in Asia.<\/p>\n

3. V-VIP treatment:<\/strong> To cater to a new group of top-tier buyers, watch and jewelry retailers this year developed specialized VIP services \u2013 from wine and cigars to stand-alone private shops and service centers.<\/p>\n

4. Bespoke is it:<\/strong> Though big luxury brands \u2014 Patek Philippe, Rolex and Piaget \u2014 are household names in China, smaller independent watchmakers, such as Greubel Forsey in Switzerland, are getting attention from sophisticated Asian buyers who are demanding more \u201cbespoke\u201d timepieces.<\/p>\n

5. Made-in-China luxury:<\/strong> There are budding signs of Chinese brands establishing themselves in the watch industry. China-based Shanghai Watch has won over many collectors with the first China-made tourbillion timepiece.<\/p>\n

6. Your wish is our command:<\/strong> Chinese collectors now make up 35% of Sotheby\u2019s customers, which has auction houses scrambling to understand better what they want.
\n<\/p>\n","protected":false},"excerpt":{"rendered":"

Asian buyers walked away from with some pricey bling in 2010. 1. Luxury in China = watches: Watches became one<\/p>\n","protected":false},"author":6,"featured_media":72448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[],"tags":[],"class_list":["post-7085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","medium_large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","1536x1536":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","2048x2048":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-highlighted-post":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-small":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x90.jpg","colormag-featured-image":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-default-news":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","colormag-featured-image-large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-block-extra-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-small-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg"},"magazineBlocksPostAuthor":{"name":"njaiyo","avatar":"https:\/\/secure.gravatar.com\/avatar\/255e26fc52858afad234c2c1d44c946e16c565fd0ef5615b0c1caa793897759d?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"1","magazineBlocksPostExcerpt":"Asian buyers walked away from with some pricey bling in 2010. 1. Luxury in China = watches: Watches became one","magazineBlocksPostCategories":[],"magazineBlocksPostViewCount":156,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"medium":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"thumbnail":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg",113,150,true]},"magazine_blocks_author":{"display_name":"njaiyo","author_link":"https:\/\/asiancemagazine.com\/?author=6"},"magazine_blocks_comment":1,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/255e26fc52858afad234c2c1d44c946e16c565fd0ef5615b0c1caa793897759d?s=96&d=mm&r=g","magazine_blocks_category":"","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/7085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7085"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/7085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/72448"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}