As more and more people use their smartphones to tell the time, watch makers are worried the old fashioned timepiece is an endangered species. But the global market looks pretty robust.

The Swiss watch industry estimates the global market is worth 21 billion dollars. And new figures out show that across the world demand for luxury watches – brands like Rolex and Cartier – grew nearly six per cent last year. Ladies have the most appeal. That sector grew nearly 8 per cent. There’s nothing like making your friends jealous of your new watch. The photo sharing app Instagram is the most popular method for sharing pictures of the most expensive watches. Founder & CEO, Digital Luxury Group ,David Sadigh explains this trend.

Luxury Watches Worldwide Trends

As more and more people use their smartphones to tell the time, watch makers are worried the old fashioned timepiece is an endangered species. But the global market looks pretty robust.David Sadigh Founder & CEO, Digital Luxury Group explains why.