2016 marked an interesting year for the watch industry. While the Swiss watch industry experienced decline in some markets globally, according to the Federation of the Swiss Watch Industry, the United States for the first time since 2008, once again became the largest market for Swiss luxury watches dethroning China.
Shreve, Crump & Low experienced a milestone of our own the end of 2016, and beginning of 2017, marking the completion of some timely renovations to our Newbury Street Watch Salon in our Boston store. We are pleased to announce Shreve, Crump & Low Boston will welcome Panerai, Piaget and Hublot to our brand offering in that location.
2016 saw the benchmark releases of the Piaget Polo S, a gents stainless steel sport watch with an in-house movement at an entry level price point of $9,350 USD, a Hublot introduction of a sapphire crystal case Big Bang Unico priced at a very competitive $57,900 USD, limited to 500 pieces, and of course the Panerai Luminor Due which is a new slim line collection beginning at $7,900 USD for the stainless steel version.