What are the implications of a rise in demand for luxury watches?

Supply chain shortages, the disruption of the pandemic and delays in production outputs and delivery schedules have led to a soaring demand for pre-owned luxury timepieces like Rolex, Richard Mille, Audemars Piguet and Patek Philippe.

The increase in demand for luxury watches is exceeding supply. The insurance implications for you, if you own a luxury timepiece are far reaching. In light of this, we have written some guidance on the matter to ensure that you don’t find yourself underinsured if you need to make a claim.

Read our guide below for guidance, or speak to Ricky Downs, Head of our Private Client division for more information on bespoke, insurance packages for High Net-worth individuals.

Luxury Watches and the insurance market May 2022

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