The auction house’s first “Fine Jewels” event on June 1 will feature designs by Geneva-based Michele della Valle.
The eyewear group envisions a future where it will fulfill consumer orders direct from the warehouse, meaning less inventory.
The timepieces are created from the blue wood on original stadium seats.
The transaction would be among Asia’s largest consumer buyouts.
Nostalgia for vintage plays into demand for products.
The Federation of the Swiss Watch Industry revealed a 7.5 percent increase in international sales after 20 consecutive months of declines.
Carel has repositioned — moving its average consumer age from 60 to 35 and under.