South Africa’s pre-owned luxury watch specialist is opening a new headquarter facility in the picturesque town of Paarl in the Western Cape. Since Topwatch SA partnered with global watch tycoon, Watchbox, founder and CEO, Johan Dreyer, had no choice but to expand the business into a 200 square meter facility. Housing all operations from a state of the art watch workshop to HR and finance, this will be the beating heart of the watch veteran.
“With the amount of growth we have seen over the past year, it was the next logical step to gather all operations into one building.” says Dreyer. Having seen a positive demand for their client services and premium pre-owned inventory , having everything in one place will allow them to open more stores across SA and focus on these key areas.
Pre-owned is on the map and global growth is staggering.
The luxury watch industry saw a decline in sales over the past 4 years, but that is certainly not the case for the pre- owned segment. Experts predict that pre-owned watch sales will overtake the “new watch” sales (equating to $40 billion annually) within the next 5 years.
It is with this vision in sight that Dreyer decided to found Topwatch and start the pre-owned watch industry in South Africa. Having the same quality control, client service and business model it was inevitable for Watchbox and Topwatch to collaborate and expand even more. There seems to be a big shift in the local as well as global luxury watch industry, with the pre-owned segment only tapping into the whole trade at this stage. Currently the pre-owned market equates to only 5% of all watches sold globally. With an estimated 500 billion dollars’ worth of pre-owned watches in the world, there’s massive space for growth.
Topwatch is the purveyor of pre-owned luxury watches in South Africa and has set the standard for price and quality in the local market. Discovering them puts an end to any questions on where to buy watches in South Africa.