Luxury Watch Market Sees Digital Transformation with New World Solutions' Entry
TL;DR
New World Solutions (OTC: REGRF) (CSE: NEWS) is the first and only “pure play” stock focused on the multi-billion dollar watch enthusiast market.
dialMKT, a majority-owned subsidiary of New World Solutions, is creating a digital ecosystem integrating content, e-commerce, and community to address the digital transformation of the luxury watch market.
New World Solutions' digital ecosystem for luxury watch enthusiasts aims to provide a platform for collectors to buy, sell, and trade their collections, potentially generating significant revenues in the future.
The global pre-owned watch market for luxury brands such as Rolex(™) and Patek Philippe(™) is expected to reach $29-32 billion by 2025, according to a recent report from McKinsey & Co.
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New World Solutions (OTC: REGRF) (CSE: NEWS) is making waves in the luxury watch market with its majority-owned dialMKT platform, positioning itself as a pioneer in the digital transformation of the multi-billion dollar global wristwatch enthusiast market. This move comes as the pre-owned luxury watch market is projected to reach $29-32 billion by 2025, according to McKinsey & Co.
Jack Marks, CEO of dialMKT and Chairman of New World Solutions, highlighted the company's growing online community of nearly 18,000 users across various digital platforms. Many of these enthusiasts boast watch collections valued between $50,000 to over $1 million, presenting a significant potential customer base for the company's upcoming e-commerce platform, set to launch within 30 days.
The entry of New World Solutions into this market is particularly noteworthy as it represents the first 'pure play' stock focused exclusively on the watch enthusiast market. This strategic positioning could attract investors looking to capitalize on the growing trend of online luxury watch trading and collecting.
The digital transformation of the watch market has already caught the attention of high-profile investors and venture capitalists. Platforms like Chrono24 have attracted investments from notable figures such as Bill Ackman, Jay Z, and Tom Brady, as well as institutions like Google Ventures, underscoring the potential of this market segment.
As the luxury watch industry continues to evolve, New World Solutions' initiative could potentially disrupt traditional buying and selling methods, offering enthusiasts a comprehensive digital ecosystem that integrates content, e-commerce, and community engagement. This development may signal a broader shift in how high-value collectibles are traded and appreciated in the digital age, potentially influencing other luxury goods markets in the future.
Curated from News Direct
