Latest news with #luxurywatches
CBS News
4 days ago
- CBS News
Video shows social media influencer "The Watch King" attacked and robbed in Queens
The NYPD is searching for a group of masked men who robbed a popular social media influencer known for selling luxury watches. The disturbing attack last week was captured on surveillance outside victim Moshe Haimoff's home in the Utopia section of Queens. He told CBS News New York's Andrew Ramos he now believes he was set up. Haimoff, better known as "The Watch King" to his 1.6 million followers on Instagram, said he was getting into his car on Wednesday at around 10 a.m., when he was approached by a masked man wearing a construction vest and armed with a stun gun. The encounter was captured on surveillance video. "He shoots the gun, hits me in my leg, my right leg. The one, the second bolt, missed, and hit my belt," the 39-year-old jeweler said. At that moment, Haimoff says he made a run for it, but, as the footage shows, he was tackled on his lawn by the suspect. Then a second man appears and pins him down. "Within 30 seconds, they took my watch, they took chains off my neck. Now, my chain has a logo that says 'Watch King.' The logo they threw back at me," Haimoff said. That logo is part of his brand and has made Haimoff popular online as a sought-after luxury watch dealer. He has a shop in Manhattan's Diamond District. Police said the suspects got away in a waiting vehicle driven by a third accomplice. As police continue to search for the suspects, Haimoff says he thinks he was set up by someone he knows. "I believe I was targeted. I want to know who set me up because my neighbor left the house two minutes before me and they didn't touch him," Haimoff said. While he lost more than $550,000 in jewelry, Haimoff walked away with just minor injuries. "God gave me a second chance at life and I'm grateful. It could have been worse, could have been way worse," he said. While no arrests have been made, Haimoff said he has hired round-the-clock security and will continue doing what he loves. "I'm just gonna go stronger and better. I'm gonna keep on putting [out] content. I'm gonna keep on talking about what I do. I'm gonna keep on going, and, you know, they are not going to stop me from doing what my goal is," he said. Anyone with any information is asked to call the NYPD's Crime Stoppers hotline at 1-800-577-TIPS (8477), or for Spanish, 1-888-57-PISTA (74782). You can also submit a tip via their website or via DM on Twitter, @NYPDTips. All calls are kept confidential.
Forbes
24-07-2025
- Business
- Forbes
A Matter Of Time: Estate Planning And Watch Collecting
Gears and rubies inside an antique watch. Other images in: ... More In 2025, the global luxury watch market is thriving, with its value expected to grow from $104.21 billion to $158.19 billion by 2033; driven by demand for luxury brands like Rolex and Patek Philippe, as well as the continued popularity of smartwatches from Apple and Samsung. The U.S. market alone is projected to increase significantly. The pre-owned luxury watch market has stabilized after previous volatility, and new consumer demographics, especially Millennials and Gen Z, are influencing trends, with a focus on digital engagement and innovation. Aesthetic shifts include a growing demand for retro and vintage-inspired pieces, genderless styles, and bold designs. With this strong market, and the fact that collecting watches is a multi-generational activity, I spoke to Edouard Caumon, the US Country Manager for Watchfinder & Co., about the complexities of the watch market, especially in the context of estate planning. Edouard, with a rich background with prestigious watch companies like the Cartier and Richemont Group, highlighted the pivotal role of Watchfinder in authenticating and refurbishing pre-owned watches. He noted that pre-owned watches offer enthusiasts access to 95% of all watches ever produced, presenting a unique investment opportunity. Notably, 60%-64% of watches from brands like Rolex, Patek Philippe, and Audemars Piguet resell above their retail price, a testament to their enduring value. The conversation also touched on the evolving interest in watch collecting among younger generations, particularly Gen Z. Edouard observed a growing trend of younger individuals viewing watches as viable investments, sometimes even favoring them over traditional assets like gold or real estate. This shift underscores the importance of understanding the asset potential of watches within estate planning. When asked about the common pitfalls collectors and their advisors face in estate planning for collectors of watches, Edouard emphasized the necessity of authenticating and inspecting collections to avoid counterfeit parts, a crucial step in safeguarding their value. He shared anecdotes of a collector who purchased a watch for $90,000 from an online source, only to find out that the watch had a counterfeit movement and is, basically, worthless. Cultural nuances also play a significant role in watch collecting. Edouard noted distinct differences among American, Asian, and European collectors, with varying approaches to secondary goods and trading cultures. American collectors are more accustomed to trading watches, that is buying then selling to acquire better or rarer watches. Asian buyers traditionally preferred buying new watches over pre-owned watches, but that is changing with the younger generation of collectors. European collectors tend not to sell watches but rather hand down watches to family and friends as a legacy. This variability highlights the importance of tailored strategies in estate planning to accommodate diverse preferences and market dynamics. Accessorizing trends are reshaping the watch market, with smaller watches gaining popularity. Edouard shared innovative examples of watches being set into rings and cufflinks, reflecting a broader trend of personalization in luxury items. These evolving trends further complicate the valuation and planning processes for collectors looking to integrate watches into their estates. Our conversation underscored the intricate relationship between the financial and the emotional value of collecting, and its impact on how people collect and therefore how their estate plans are impacted. Watches continue to hold significant financial and sentimental value, and may be one of the best performing investments in the years to come: understanding their role within an estate is crucial. By recognizing the importance of authenticity, cultural differences, and market trends, collectors can better navigate the complexities of integrating watches into their estate planning strategies.
South China Morning Post
23-07-2025
- Business
- South China Morning Post
Why the Tiffany blue Patek Philippe watch wound up so many rich people
Tiffany salespeople called them the 'watch monsters'. The obsessives. The wealthy shoppers who were sure they should be among the chosen few to get their hands on a rare timepiece from Patek Philippe. They descended on Tiffany & Co. a few years ago, when the retailer began offering a limited-edition Patek Philippe Nautilus 5711 with a dial in Tiffany's signature robin's-egg blue. Patek crafted 170 of them, a tribute to the number of years the brands had worked together. Tiffany hoped that the timepiece would help attract and retain high-end shoppers who were not already regular customers. Yet the Blue Dial, as it became known, was never for sale in the traditional sense. Demand was so high that Tiffany executives, including Americas head Christopher Kilaniotis, realised clients would be willing to spend millions of dollars on other jewellery for the chance to buy the coveted watch, which was priced at US$52,635. Salespeople were instructed to guide top prospects toward spending US$2 million to US$3 million, according to people familiar with the sales strategy. No official wait-list. No guarantees. Only 170 of the 'Blue Dials' were made. Photo: Tiffany & Co. When the Blue Dial arrived, wealthy shoppers' desire for luxury watches was in overdrive amid a pandemic-era buying frenzy. It instantly became one of the most talked-about objects in the luxury world.
Yahoo
23-07-2025
- Business
- Yahoo
Movado (MOV) Stock Trades Up, Here Is Why
What Happened? Shares of luxury watch company Movado (NYSE:MOV) jumped 3.2% in the afternoon session after a broad market rally as the United States and Japan reached a new trade agreement. The deal, which set a 15% tariff on Japanese goods imported into the U.S., was viewed favorably by investors and spurred optimism across the market. This positive sentiment contributed to gains across multiple sectors as the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all climbed. While there was no company-specific news driving Movado's stock, the watchmaker likely benefited from the overall risk-on mood that lifted many consumer-focused companies. The improved trade outlook appeared to ease investor concerns about potential economic headwinds. Is now the time to buy Movado? Access our full analysis report here, it's free. What Is The Market Telling Us Movado's shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 11 months ago when the stock dropped 13.3% on the news that the company reported weak second quarter earnings. Full-year revenue guidance was lowered and missed. In addition, EPS missed, but Movado exceeded analysts' revenue expectations. The company cited a "challenging consumer spending environment compounded by increased expenses to support future growth." Overall, this was a weaker quarter, but expectations were also seemingly low going into the print. Movado is down 12.6% since the beginning of the year, and at $17.08 per share, it is trading 34.1% below its 52-week high of $25.92 from July 2024. Investors who bought $1,000 worth of Movado's shares 5 years ago would now be looking at an investment worth $1,599. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Forbes
23-07-2025
- Business
- Forbes
Royal De Versailles Welcomes H. Moser & Cie With POP Collection Event
Bertrand Meylan Toronto's luxury watch scene has always had its crown jewel in Royal De Versailles, Canada's largest and most extravagant watch and jewelry retailer. Known for its extensive Rolex selection, showcased in a boutique fully renovated in 2023 with marble counters and a striking colour palette perfectly in tune with Rolex branding, RDV has long been the destination for collectors in search of both breadth and exclusivity. Over the decades, the retailer has offered some of watchmaking's most prestigious names, and while certain brands such as Audemars Piguet have since shifted to their own boutique networks, RDV continues to evolve, focusing on partners that offer exceptional creativity and horological significance. Moser Vantablack Dial That ethos was on full display on June 12th, 2025, when RDV officially celebrated the arrival of H. Moser & Cie with a launch event at Toronto's Storys Building. It was an evening that reflected not only the momentum of this independent Swiss manufacturer but also RDV's ongoing ambition to broaden its offering to some of the most interesting names in watchmaking today. 2025 Moser Novelties Guests were welcomed by Moser's CEO, Bertrand Meylan, who spoke passionately about the brand's philosophy of innovation rooted in independent craftsmanship. A wide range of Moser watches was on hand, including some of the latest 2025 novelties and, notably, the new POP collection, a vibrant take on Moser's refined design language, featuring playful dial colours and bold strap pairings. Moser POP Collection Candy The décor carried this theme through in clever ways, with mini POP stands displaying watches surrounded by candy in matching tones, creating a whimsical yet luxurious atmosphere that felt true to both the collection and the spirit of the evening. Moser POP Collection Stand For collectors, the addition of Moser to RDV's already impressive roster marks an attractive milestone. Moser has become one of the most talked-about independents in recent years, winning praise for pieces like the minimalist Endeavour Centre Seconds with its gradient fumé dials, the sculptural Streamliner chronograph, and its technically ingenious perpetual calendar that adjusts almost intuitively. Often unconventional, like their Vantablack dials, Moser brings something fresh to the Canadian market, and its new POP collection amplifies this creative edge even further. POP Collection RDV's decision to embrace a brand with this kind of artistic and mechanical boldness signals an openness to the future of watch collecting. For years, its status as Canada's premier retailer has been secured by its scale and by its strong relationship with Rolex, but the addition of Moser shows a current willingness to explore a more niche side of the industry and tap into a new segment of dedicated watch collectors. For Moser, meanwhile, partnering with Canada's largest watch retailer provides access to a collector base eager for innovation but unwilling to compromise on traditional horological excellence. POP Collection Tourbillon The result is a partnership that feels mutually beneficial, a convergence of a historic Canadian luxury institution with one of Switzerland's fastest-growing independents. With the full Moser lineup (minus boutique-only exclusives) now available through Royal De Versailles, and with events like this launch showcasing just how much energy exists around the brand, it's clear that both RDV and Moser are poised to make an impact on the Canadian watch landscape for years to come.
