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  1. #121
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    Interesting. Tks.

  2. #122
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    Thanks for sharing

  3. #123
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    Just reported hours ago:

    http://www.businesstimes.com.sg/cons...es-second-hand

    Wonder if the other big watch brands will follow suit?

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    Thanka for sharing!

  5. #125
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    Man alleges prospective buyer stole Rolex watch

    $35,000 watch listed on Carousell said to have been swopped for fake one at meet-up

    65861E04-C8AB-47F8-A90A-34BFE0AA5D98.jpg

    A property agent thought he was about to clinch a deal on his $35,000 Rolex watch with an interested buyer after listing it on online marketplace Carousell. But he later found out that the watch appeared to have been swopped for a fake one during a meeting with a buyer.

    The 30-year-old man, who gave his name as Mr Tang Guoxian, told Chinese-language newspaper Shin Min Daily News yesterday that he had planned to use the money from the sale of the watch to buy a house with his fiancee. He has since made a police report about the alleged theft.

    The police, in response to queries, confirmed that a report has been lodged and investigations are ongoing. Chinese-language newspaper Lianhe Wanbao reported that the watch was worth $35,000. Mr Tang told the newspaper that he was an active Carousell user and would often list Rolex and Panerai watches for sale.

    He told Shin Min that the buyer had contacted him on Tuesday at about 5.45pm. As he was busy at the time, he told his fiancee to meet the buyer at the void deck of his Boon Keng Road home with the watch.

    "After looking at the watch, (the buyer) said that he needed some time to consider and then left in a hurry," Mr Tang said.

    He added that the buyer had insisted on placing the watch back into its box, and his fiancee did not think too much of his request. However, when he returned home later that night, he realised that the colour of the watch appeared different and that it also felt lighter. When he realised that he might have been cheated, he tried to contact the buyer but to no avail. He said the buyer has since shut all his social media accounts.

    Determined to track him down, he went online and found the man's home address and mobile number. At the address, he met the buyer's mother at the door. When she heard that her son may be involved in the theft, the woman apologised to Mr Tang and even went on her knees to plead for forgiveness, according to Shin Min.

    A man, who claimed to be the buyer's father, told Shin Min yesterday that he was shocked to hear of the case. He said: "My son is a good person. My family is disappointed to hear of the claims made against him."

    - by Ng Huiwen
    Last edited by Oceanklassik; 25-01-18 at 10:52 AM.

  6. #126
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    the straits times used the correct term - alleges.

    more importantly, it goes on to show that many singaporeans are very trusting people.

    it is also mentioned somewhere that the owner of the watch is about to use the proceeds from the sale of the watch to buy a property.

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  7. #127
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    Quote Originally Posted by triton View Post
    the straits times used the correct term - alleges.

    more importantly, it goes on to show that many singaporeans are very trusting people.

    it is also mentioned somewhere that the owner of the watch is about to use the proceeds from the sale of the watch to buy a property.
    What are you trying to say?

  8. #128
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    Default The Straits Times Life! Style, Friday - January 26, 2018

    Luxury watches move online

    A8303F4B-1539-4629-97BC-309E9BC59219.jpg

    BASEL * Time does not stand still for those who sell watches.

    So even as Richemont has built a conglomerate offering the world's wealthiest consumers the highest-quality product, often in the most luxurious of settings, the hour has come for it to make changes to tick strongly again.

    It used to be that clients walking into a Cartier flagship or a Piaget boutique - both Richemont brands - could expect radiant smiles and impeccable service, with time being no object to perusing the wares on sale. Increasingly, though, well-heeled clients do not want that type of service. Cash-rich, time-starved, customers want their shopping to be done in a matter of seconds from their smartphones.

    Richemont, which also owns upscale brands such as IWC, Montblanc and Van Cleef & Arpels, knows that times are changing. The Swiss luxury group has announced that it is doubling down on investments in high-end Internet retail, making an offer of about US$3.4 billion (S$4.5 billion) for online fashion retailer Yoox Net-a-Porter.

    The surprise bid was a significant about-face in Richemont's strategy and an acknowledgement that wealthy consumers are increasingly comfortable buying an expensive watch with a click rather than a trip to an upscale store.

    Personal luxury goods had been slower than other retails items to migrate online, but their Web sales rose 24 per cent last year, according to a study by Bain & Co. It also estimated that online sales of such products would account for 25 per cent of the market by 2025, compared with 9 per cent now.

    Richemont, which was already restructuring how it sold its watch and jewellery brands, clearly hopes to capitalize on that growth. It is offering to buy the Yoox Net-a-Porter stock that it does not already own at a 25.6 per cent premium to the closing price last Friday. Yoox and Net-a-Porter merged in an all-share deal three years ago. At the time, Richemont was Net-a-Porter's controlling shareholder, and still holds about 25 per cent of the combined company.

    Yoox Net-a-Porter owns and operates online retailers Net-a-Porter, Mr Porter, The Outnet and Yoox. It also operates e-commerce sites for more than 30 luxury brands, including Stella McCartney, Dolce & Gabbana and Chloe.

    "Richemont aims to provide additional resources that further strengthen and accelerate YNAP's long-term leadership in online luxury," Mr Frederico Marchetti, Yoox Net-a-Porter's chief executive, said. "This means investing even more in product, technology, logistics, people and marketing."

    With much speculation over the death of retail, the steady decline of department stores and the looming threat of online giants like Amazon, one bright spot in the shopping landscape has been businesses such as Yoox Net-a-Porter - high-end, multibrand e-commerce companies that have attained sky-high valuations.

    Moda Operandi, the luxury online retailer based in New York, raised US$165 million in its latest round of funding in December, just a few months after Apax Partners bought a majority stake in London-based Matchesfashion.com, which had a valuation of roughly US$1 billion.

    In May, LVMH Moet Hennessy Louis Vuitton, the world's largest luxury group, made its own foray into the sector with the boutique shopping website and mobile app 24 Sevres.

    Just weeks later, however, Conde Nast closed Style.com, its own high-stakes experiment in online fashion retail, a lesson to companies such as Richemont that even the most reputable names in fashion can struggle if they arrive late to the game. But time waits for no one in the race to stay alive and Richemont has put money on the table.

    - NYTIMES
    Last edited by Oceanklassik; 26-01-18 at 03:25 PM.

  9. #129
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    Watch fair ticking along well

    214CE7E2-82D9-4345-A666-CFE2115546A3.jpg

    The mood was upbeat at the Salon International de la Haute Horlogerie, with the industry showing recovery from the slump

    There was a common gripe among journalists and retailers attending the Salon International de la Haute Horlogerie (SIHH) in Geneva last week: It was not easy to grab lunch. Although there were many stations offering free drinks and servings of lobster bisque and "Japanese ravioli" (gyoza), empty seats were hard to come by.

    There was no such problem in the last couple of years at the annual watch fair, one of the two most important (the other being BaselWorld) in the Swiss watchmaking calendar. The reason? This year's event attracted some 20,000 visitors, 4,000 more than last year.

    Many pundits attribute this to a recovery in the industry which has been dogged by a slump in the last few years. Indeed, figures appear to bear this out. According to the Federation of the Swiss Watch Industry, Swiss watch exports last November were 6.3 per cent higher than the same month in 2016. Exports for the first 11 months of 2017 were also 2.8 per cent higher than the same period in 2016.

    There were other indicators. Share prices for watch conglomerates such as Richemont and Swatch grew by double digits in the past year. Sales for independent luxury watch brand Audemars Piguet rose 12 per cent to hit nearly one billion Swiss francs last year.

    It explains why CEO Francois-Henry Bennahmias was in such a jolly mood at SIHH 2018, gifting journalists who asked "good" questions with bottles of champagne as the company unveiled its new collection and novelties for the year, including Royal Oak RD#2, the world's thinnest self-winding perpetual calendar.

    The number of exhibitors at this year's SIHH - the 28th edition - has also increased. There were 35 exhibitors who took up 30,000 sq m of booth space this year, compared to last year's 30. One of the latest, and most famous, newcomers was Hermes.

    The mood at the Palexpo, a cavernous convention centre where the annual SIHH is held, was buoyant. Exhibitors tried to outdo one another with elaborate booths. Piaget's was decked out like a seaside resort; Ulysee Nardin even had a "boudoir" decked out with fox's masks and handcuffs to display its X-rated watch Classic Voyeur which featured naked figures locked in coital embrace.

    Adding to the glitz were watch ambassadors, who are well-known actors. Piaget brought in Ryan Reynolds, Jaeger-LeCoultre had Benedict Cumberbatch while Montblanc trotted out Hugh Jackman and new Chinese ambassador Yang Yang.

    The star attractions, of course, were the watches. Exhibiting brands pulled out all the stops. The trends which have hogged the limelight for the last few years, as brands grappled with a downturn brought on by economic disruptions and shifts in consumer spending, were still there. For instance, Vacheron Constantin, Baume & Mercier, Panerai and Jaeger-LeCoultre all launched solid new lines of more affordably priced timepieces.

    But perhaps indicating that a recovery is on the cards, more brands unveiled technologically innovative watches. Richard Mille, for instance, showed off its RM 053-01, designed for Argentinean world champion polo player Pablo Mac Donough, which boasts a laminated sapphire crystal that can weather heavy blows, a world first.

    The Straits Times looks at some of the most exciting timepieces unveiled at the show.

    526E7FDF-DE21-479B-8DED-8B7AB49CF23C.jpg

  10. #130
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    in the latest development of this saga, the person who lodge the police report now say someone hacked the alleged accused account. more interestingly, the fiancée now cannot correctly identify the original accused. it is more interesting to note that the fiancee's phone is said to be hacked via someone else locking the phone with another password while inside the police station.

    hack here hack there, someone forgets that if really want to check, authorities can just seized the computers and mobille phones involved and do a digital forensics and see what has been done. but only question is does the relevant authorities want to go that far. if go that far, i fear consequences.


    there is more than it meets the eye. if you still cannot read in between the lines, call me.

    Quote Originally Posted by Oceanklassik View Post
    What are you trying to say?
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