| Have you seen any growth in India...
We’ve
been growing pretty fast considering the laws changed only a few
years ago. India has so far been a small percentage of our global
growth but we see three frontiers for future growth Russia, China
and India. We do see a lot of growth in the long run
Earlier a lot of Indians went abroad to buy their luxury watches.
What percentage of those buyers have become local buyers?
I think there a few issues of purchasing luxury watches in India.
The first is availability. If the brand doesn’t get the new collections
at a time that coincides with global availability, naturally the
Indian consumer who is aware and well read will be uncomfortable
shopping here. They would go abroad where the latest models are
available. One of our first commitments was that the new items would
be available here on par with global launches. The second is a matter
of choice. Personally, a businessman who works a lot doesn’t get
a chance to shop unless on holiday. The third is regarding pricing.
Customers find the pricing cheaper abroad and hence they have an
incentive to buy there. Our issue is that duties on luxury watches
are very high in India hence they can’t be on par with global prices
but we try to make the margin as small as possible. Also there is
still a slight perception of the Indian consumer that if the item
is from
What have been your key selling collections in India?
The French Tank collection and the Santos collections have been
very successful.
What are the new trends in the global market?
Watches are getting bigger by the year. Designs are almost becoming
kind of unisex. Also, different elements are being used like pink
gold, new materials including ceramics like in the Declaration watch
etc. There is more creativity also with the aesthetic aspects like
the increasing use of diamonds in the watches.
What was the inspiration behind the Santos Dumont?
The first Santos watch was created in 1904 for Alberto Santos Dumont,
a Brazilian living in Paris. He was an aviator- a daring, innovative
man and was actually the first in the world to have a registered
flight. He was a very elegant, well turned out man and a very good
friend of Louis Cartier. He requested Louis to create a wristwatch
for him, as it was inconvenient to use a pocket watch while flying.
It was the first wristwatch to be conceived with a leather strap.
Alberto’s fans began to order the Santos as well and it led to a
collection. Today we are celebrating the 100th anniversary of the
Santos watch so we have come up with new modern models in the Santos
Dumont collection. We have three models the .....
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