WatchPro editor James Buttery was quizzed on the state of the Chinese market for luxury watches on BBC World News on Friday.
BBC World News GMT Business presenter Jamie Robertson turned to WatchPro for a view of the Chinese market for luxury watches when reporting on the news that The Europe Asian Watch, Jewelry and Antique Coins Show in Macau, due to take place in May, had been cancelled.
Organisers have stated on the website that because government official are prohibited from entering casinos due to the Chinese government’s anti-corruption measures, and the show was to be staged in a casino hotel, many of its VIP customers would be unable to attend.
The show’s cancellation seems to stem from its politically incompatible choice of venue rather than a catastrophic fall in demand for watches in China, although the region is definitely going through a period of consolidation after more than a decade of staggering growth.
