New World Solutions (OTC: REGRF) (CSE: NEWS) has entered the $31 billion global luxury watch market through its majority acquisition of dialMKT, a digital ecosystem integrating content, e-commerce, and community for watch enthusiasts. This strategic move positions New World Solutions as the first and only "pure play" stock focused on the multibillion-dollar watch enthusiast market, according to Chairman Jack Marks.
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 McKinsey & Co. report. dialMKT's e-commerce platform, set to launch within 30 days, aims to capitalize on this growing market by leveraging its existing community of nearly 18,000 users across various digital channels.
Marks highlighted the potential for significant revenue, noting that many community members have watch collections valued between $50,000 and over $1 million. The company anticipates that a substantial portion of these enthusiasts will engage in buying, selling, and trading activities on the upcoming e-commerce platform.
The digital transformation of the watch market has attracted significant venture capital investment, with platforms like Chrono24 drawing attention from high-profile investors including Bill Ackman, Jay Z, Tom Brady, and Bernard Arnault. This trend underscores the growing importance of online platforms in the luxury watch sector.
As the watch industry continues to evolve, New World Solutions' entry into this market through dialMKT represents a strategic move to capitalize on the digital shift in luxury watch sales and trading. The company's focus on building a comprehensive ecosystem for watch enthusiasts could position it favorably in this rapidly expanding market segment.
