Richemont Completes Baume & Mercier Sale to Damiani Group | Luxury Jewelry Industry

The world of fine watchmaking and haute joaillerie moves with quiet purpose, guided by those who understand that true luxury endures. In one such moment of graceful transition, Richemont has officially completed the sale of Baume & Mercier to the Damiani Group.

The transaction marks a defining milestone for both houses, uniting nearly two centuries of Swiss watchmaking heritage with one of Italy’s most revered luxury jewelry groups.

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Phillips Sets Historic Auction Record as Luxury Watches Reach New Heights

The global market for luxury watches reached another defining moment as Phillips established a new record for the highest grossing watch auction ever held in the United States.

The New York Watch Auction XIV generated an extraordinary $75.8 million across two days, reflecting the enduring appetite among elite collectors for exceptional horological masterpieces.

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Audemars Piguet x Swatch: A New Era for Luxury Brands

Audemars Piguet and Swatch have unveiled one of the most unexpected collaborations of 2026 with the launch of the Royal Pop collection, a colorful reinterpretation of the iconic Royal Oak that brings luxury watches into a fresh cultural conversation.

The collection introduces eight bioceramic pocket watches inspired by Audemars Piguet’s legendary Royal Oak design language while integrating Swatch’s innovative SISTEM51 mechanical movement. The release marks Audemars Piguet’s first collaboration with a global mass-market watchmaker, opening a new chapter in how heritage maisons engage with younger collectors and the evolving luxury landscape.

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