WatchesOct 06, 2021
Jean-Claude Biver Talks Soul, Technology, and Defining a Watch Brand WatchesOct 08, 2021
WatchBox to Open First US Stores Amid Expansion
The seller of pre-owned luxury watches plans to open eight new locations by the end of 2022, including five in the United States.
A WatchBox store in Dubai. The pre-owned luxury watch platform plans to open its first U.S. locations—in New York, Los Angeles, Miami, Houston, and Dallas—and three new international stores by the end of 2022.
Philadelphia—WatchBox is plotting out a global expansion, with plans to open eight new locations by the end of 2022.
The pre-owned luxury watch platform has stores in Dubai, Hong Kong, Singapore, and Neuchâtel, Switzerland as well as U.S. headquarters in Philadelphia.
As part of its expansion, the company will open stores in the United States for the first time, in New York, Los Angeles, Miami, Houston, and Dallas.
Internationally, it is moving into Zurich, Tokyo, and Riyadh, Saudi Arabia.
“At WatchBox, we are powered by our global community of watch enthusiasts, the core pillar of our business. Each time we open a new location, we successfully activate new communities in new markets,” said Justin Reis, CEO of WatchBox, in a press release about the expansion.
“By being closer to our customers, we are able to deliver incredible access to product, our client advisors and our collector community, creating an arena for watch enthusiasts to gather, learn and discover.”
Related stories will be right here …
The pre-owned luxury watch platform has stores in Dubai, Hong Kong, Singapore, and Neuchâtel, Switzerland as well as U.S. headquarters in Philadelphia.
As part of its expansion, the company will open stores in the United States for the first time, in New York, Los Angeles, Miami, Houston, and Dallas.
Internationally, it is moving into Zurich, Tokyo, and Riyadh, Saudi Arabia.
“At WatchBox, we are powered by our global community of watch enthusiasts, the core pillar of our business. Each time we open a new location, we successfully activate new communities in new markets,” said Justin Reis, CEO of WatchBox, in a press release about the expansion.
“By being closer to our customers, we are able to deliver incredible access to product, our client advisors and our collector community, creating an arena for watch enthusiasts to gather, learn and discover.”
The Miami, New York City and Los Angeles locations are slated to open in the first quarter of 2022.
Design firm Studio Mellone, known for crafting luxury concepts and showrooms, will design the first U.S. stores.
The company envisions the new locations as experiential gathering spots, rather than a traditional brick- and-mortar stores.
“These innovative spaces will be dynamic gathering places where enthusiasts can connect and share their love of luxury timepieces, view unique inventory, and build relationships that will enhance their watch collecting experience,” said WatchBox.
The company said it is set to reach $300 million in revenue for 2021 and expects to cross the $1 billion mark in lifetime revenue (WatchBox launched in 2017) before the end of the year.
WatchBox recently invested an unspecified amount in watch company De Bethune as it looks to champion independent watchmaking.
According to McKinsey & Company, the primary and secondary watch markets are expected to grow from $66 billion to $97 billion by 2025.
More on Watches
The Latest
MajorsJan 30, 2023
10 Jewelry News Stories You Might Have MissedA column detailing how independent jewelers did last year and the top watch brands of 2022 were among the most-read stories last week.
FinancialsJan 27, 2023
Tiffany & Co. Shines for LVMH in 2022Acquired in 2021, the brand’s high jewelry sales have doubled and its new “Lock” collection was an instant hit.
MajorsJan 27, 2023
Diamond Council of America Appoints Treasurer, Board MemberExecutives from Fred Meyer Jewelers and Riddles Jewelers have filled the roles.
Brought to you by
Bringing Over 130 Years of Diamond Expertise to Modern GradingDe Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.
CollectionsJan 27, 2023
Piece of the Week: Heavenly Vices’ Lock NecklaceThe Victorian-inspired design is a functional lock and key.
Weekly QuizJan 26, 2023
This Week’s QuizTest your jewelry news knowledge with this short test.
Supplier BulletinJan 26, 2023
JA New York Spring Brings the Industry TogetherFor over 100 years, JA New York has played an integral role in facilitating the evolution of our industry, while also honoring past traditions.
TrendsJan 26, 2023
At Vicenzaoro, Paola De Luca Gazes Into Jewelry’s FutureThe trend forecaster and her guests explored unconventional jewelry designs, NFTs, AI art, and more during her Trendvision presentation.
Brought to you by
De Beers Institute of Diamonds Expands to Offer Education De Beers is sharing over 130 years of experience and expertise through the De Beers Institute of Diamonds with a selection of courses.
CollectionsJan 26, 2023
NDC and Lorraine Schwartz Announce New ‘EDDI’ ClassThe Emerging Designers Diamond Initiative provides diamond credit and mentorship to young brands helmed by BIPOC designers.
IndependentsJan 26, 2023
Lee Michaels Fine Jewelry Set to Open 10th StoreIt will be located in San Antonio’s Alamo Quarry Market and will be Lee Michaels’ third location in the city.
Policies & IssuesJan 26, 2023
Diamonds Do Good Names 10 to Board of DirectorsStephanie Gottlieb, Jewelers Mutual’s Mike Alexander, and Craig Rottenberg of Long’s Jewelers are among the new board members.
MajorsJan 25, 2023
John Hardy Names New CEOLuxury retail executive Frédéric Levy has taken on the role.
Events & AwardsJan 25, 2023
Couture DAC Accepting Applications for Mentorship ProgramJewelry designers have until early February to apply to take part in Couture's Diversity Action Council program.
CollectionsJan 25, 2023
Stephanie Gottlieb Announces First President, CCO HireMorgan P. Richardson joins from La Perla.
Policies & IssuesJan 25, 2023
PGI’s New Portal Wants to Teach You About PlatinumThe new portal will share information on responsible platinum sourcing and how it’s used beyond jewelry.
SourcingJan 24, 2023
Tiffany Buys 35 of the Last Diamonds Recovered From Argyle Purchased directly from Rio Tinto, the collection consists of pinks, purples and one red, none larger than 1.52 carats.
ColumnistsJan 24, 2023
On Data: Here’s How Independent Jewelers Did in 2022 Sherry Smith breaks down retailers’ performance last year, including how natural diamonds fared vs. lab-grown.
GradingJan 24, 2023
GIA and AGS Launch Diamond Light Performance Supplement ReportThe AGS Ideal Report by GIA is a digital-only addition to GIA diamond reports.
MajorsJan 24, 2023
WJA Announces New International Board MembersThe seven newcomers include executives from David Yurman, De Beers, and GIA.
EditorsJan 23, 2023
Designers to Watch in 2023: Aurelia DemarkThe designer finds the modernity in classic motifs and family heirloom jewels.
Policies & IssuesJan 23, 2023
Melanie Grant Named Executive Director of RJC She has more than 20 years’ experience in watches and jewelry, and says sustainability is the “greatest single issue” facing the industry.
Policies & IssuesJan 23, 2023
AGTA Forms Committee to Standardize Industry ‘Sustainability’ TermsIts focus are words like “sustainability,” “ethics,” and “responsible sourcing.”
IndependentsJan 23, 2023
10 Jewelry News Stories You Might Have MissedAnother “Designer to Watch” and Kim Kardashian’s auction purchase were among our most-read stories.
MajorsJan 20, 2023
Quality Gold Acquires Herco Herco President Reuven Itelman is retiring and selling the company, which will relocate to Ohio from California.
Lab-GrownJan 20, 2023
Siobhán Duffy Promoted to Chief Executive of Element Six She was previously the executive director of sales and marketing for the De Beers Group-owned company.
TrendsJan 20, 2023
Piece of the Week: Loquet London’s Lunar New Year CharmIt’s from a new collection of charms designed to go in the brand’s signature lockets.
IndependentsJan 20, 2023
Edge Retail Academy Announces Annual Award WinnerLonnie Iannazzo of Vincent Anthony Jewelers is the 2022 William (Wag) Wagner Business Excellence Award recipient.
