Les Georgettes

Trends and Challenges in the Jewels and Watches Market in France

Trends and Challenges in the Jewels and Watches Market in France

The Comité France Éclat* presented on February 21st the evolution of the watchmaking and jewelry market (HBJO) in France for the year 2016. An opportunity for us to analyze the trends in this sector and to raise the major issues for the years to come. The Comité France Éclat estimates the HBJO sales on the French market at 5.6 billion euros for 2016, down by 2% compared from 2015. In light of all the events to which market players have faced the last year "these results appear relatively satisfactory" according to Didier Bévillon, President of the Fédération de l’Horlogerie. Here again, the jewelry market is performing well and is holding up while the watch market is down 6%, following the global trend. Along with the uncertainty caused by an election period, the market has suffered the d...