s most of the leading watch brands are either privately owned or gathered in a broader “watch categories” when they belonged to global luxury groups, it is hard to find official data on their annual revenues. Two reports are hence much expected every year, as they assess the respective turnover of the major brands: the Deloitte watch report by analyst René Weber (read our interview here) and the Morgan Stanley watch report in collaboration with LuxeConsult’s Olivier R. Müller.

The report features 7 watch brands whose turnover exceeded 1 billion in 2018, with Rolex, Omega and Cartier on top, by highlighting that these 7 companies’ overall growth is close to 9% (in comparison with 6,3% for the whole industry in 2018 further to FH).

The average price for the independents remains quite high, with CHF 12,200 for a Rolex to CHF 50,000 for an Audemars Piguet, or CHF 53,300 for a Patek Philippe, rising to CHF 139,000 for a Richard Mille.

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