The craze for luxury watches never goes out of fashion. This craze has only increased in recent years. Luxury brands are continuously evolving to fulfill customers’ diverse tastes, preferences, and needs. You will get to know about the top 10 luxury watch brands here.
From cutting-edge technology to classic design, these top 10 luxury watches provide exclusivity and unparalleled craftsmanship. Whether you simply want to own a luxury watch or are a watch enthusiast, these top 10 watch brands will blow your mind.
The Top 10 Luxury Watch Brands for You
There are so many of the best luxury watches available out there. Each luxury brand has something unique and exclusive to offer its wearer. Here are the top 10 luxury watch brands you must consider among all the best luxury brands.
1. Rolex
It is not a surprise that Rolex is on this list of the most luxury watch brands. Rolex accounts for 30% of the Swiss watch market, including 300 Swiss watch brands. In 2022, 1.2 million Swiss watches sold for an estimated value of $9.7 billion. $12,183 is the average retail price of a Rolex watch.
Rolex’s dominance in the secondary market is also impressive. Some of the smashing hit watches from Rolex are GMT-Master II, Daytona, Submariner, Datejust, Day-Date, and others. Each of these models screams class and sophistication. If you are looking forward to owning a luxurious watch, then Rolex should definitely be on your bucket list.
2. Cartier
Cartier is in second place with an overall 7% market share in the luxury watch segment. It sold at $2.9 billion in 2022, with 620,000 units sold. The average price of one single Cartier watch was $5,653. Getting this watch becomes a style and luxury statement. This luxury watch adds a high appeal. On the other hand, it is also a good investment from an economic perspective.
In the mid-2000s, this brand experimented with super complicated and ultra-creative design timepieces. But ultimately, Cartier returned to its roots and started making its iconic watches. Some iconic Cartier watches are the Ballon Bleu, Pasha, Panthere, Santos, Tank, and others. Each of these models has a high resale value. Hence, owning a Cartier watch will be a good option for you to consider.
3. Omega
Omega is synonymous with the top 10 luxury watch brands in the world. This luxury watch brand has a long history of making precise and innovative timepieces. Omega has been the official timekeeper in many Olympic Games over the years. It has made an estimated sale of $2.6 billion in the year 2022, with 560,000 units sold. They have a market share of 7.7%. The average retail value of 1 Omega watch is around $6,886.
Some of the most famous Omega watches are Seamaster and Speedmaster, but Constellation is known to be the main model that sells most. Known for its pioneering spirit, it is constantly pushing its boundaries in innovation and creativity. Neil Armstrong and Buzz Aldrin wore Omega Speedmaster watches during their historic Moon landing mission in 1969. This is among the top luxury watches.
4. Audemars Piguet
Audemars Piguet has proved one of the top 10 luxury watch brands in the last decade. This watch is where modernity meets tradition. It has quickly climbed the chart of the best luxury watch brands. Despite selling only 50,000 watches in 2022, Audemars Piguet fetched $2.1 billion with a 4.7% market share. This was because the average retail price of its watch is usually relatively high. For example, in 2022, it was $47,202.
The Royal Oak has just completed its 50th anniversary in 2022. This is the flagship watch collection of this brand. On the other hand, there is Royal Oak Offshore, which is sportier. Despite a difficult start, its relatively new entrant, Cody 11.59, has found its footing in the catalog of Audemars Piguet and become a top luxury watch.
5. Patek Philippe
Patek Philippe is a popular name on the top 10 luxury watch brands list. After selling around 68,000 units in 2022, this luxurious brand made $1.9 billion in sales. Their overall market share stood at 5.1%. $37,881 was the average retail price of a Patek Philippe watch. This watch is all about sophistication, class, and timeless elegance.
Aquanaut and Nautilus are Patek Philippe’s two best sports watches. These are the most-hyped models for collectors and serious connoisseurs. Famous historical figures, such as Nelson Mandela, Albert Einstein, and Queen Victoria, wore this luxury brand watch. This brand is also popular for its record-breaking auctions. An auction in 2019 saw the sale of Patek Philippe Grandmaster Chime for $31 million.
6. Richard Mille
Richard Mille also comes under the world’s top 10 luxury watch brands. Despite selling only 5,300 watches in 2022, it racked up around $1.4 billion and has a 2.7% market share. This is due to Richard Mille watches’ staggeringly high retail price, which stood at $257,057. This is considered among the top watch brands in the world.
Some notable Richard Mille watch models are RM 55, RM 67, RM 11, etc. Getting this branded watch will be a class statement for you. As an investment, you are not likely to find a better option than a Richard Mille watch. So, what are you waiting for? Grab it now.
7. Longines
Longines is an entry-level luxury brand. This Swiss watch brand is a gateway to exploring luxury watches. It is one of the top 10 luxury watch brands around the world. In the year 2022, Longines sold 1.7 million units of watches, which amounted to $1.3 billion in total. This helped them to have a market share of 3.9%. The average retail price of this branded watch is $1,140.
The US market for Longines has grown in the last few years. Some of its popular models are Master Collection, Legend Diver, Dolce Vita, HydroConquest, etc. This brand also has some other vintage-inspired aviation and military luxury watches. It is one of the highest-ranking luxury watch brands.
8. IWC
This is another notable luxury brand that has not yet entered the billionaire’s club, but it will surely make the cut. In the year 2022, IWC made a sale of $150,00, raking in a total amount of $952 million. Its average retail price of $8,851 helped it capture a 2.6% market share. If this trend continues, then IWC will achieve higher numbers.
IWC is mainly preferred for Pilot’s and Big Pilot’s watches. On the other hand, other lines like Ingenieur and Portugieser are their other notable models. Therefore, getting any of these watches will surely increase your class and sophistication. Most users purchase this branded watch to enhance their appeal.
To purchase IWC watches, visit here.
9. Breitling
After its inception in the early 2000s, Breitling made long strides in the luxury watch industry. In 2017, George Kern took over the company and took this brand higher. With its present focus on brand-new designs and revamped classics, IWC is on the way to reaching the top soon.
In the year 2022, this brand made a sale of $901 million with 230,000 units sold. With an average retail price of $5,565, it had a market share of 2.6%. Its notable models are the Premier, SuperOcean, Avenger, Chronomat, the Navitimer, etc. You can get any of these watches as you prefer.
10. Vacheron Constantin
This is the oldest operating luxury watchmaker in the world. This brand stays low-profile despite offering some of the most impressive watches. If you are searching for such a unique, classic design, then getting this branded watch would be the best choice for you.
In 2022, Vacheron Constantin sold 32,000 watches and earned $865 million. With an average retail price of $34,212, it has a market share of 2.2%. Therefore, you have all the reasons to opt for this branded watch. There are only so many watches that are better than this.
Things to Consider While Purchasing a Luxury Watch
Do Research
You need to do detailed research before purchasing a luxury watch. A lack of good research may result in a bad deal.
Set a Budget
You must set a budget while buying a luxury watch because your spending will never end. After setting a budget, you can find the best watch in that price range.
Do not ignore the Authenticity
There have been many counterfeit branded products. You must know how to differentiate between an authentic and counterfeit branded watch. It would be wise for you to look for an authorized dealer.
The Conclusion
These top 10 luxury watch brands are the best in the business. Each brand offers something distinct and unique to its wearer. But you need to be aware while purchasing a luxury watch. Considering your needs and preferences is essential while purchasing a luxury branded watch. Talking to someone who owns a luxury watch would also prove to be beneficial for you. The more research you do, the more beneficial it will be for you.
