Top 20 Independent Luxury Watchmakers 2026

This article is part of the HNW Ranking Luxury & Heritage Rankings Series published by Ranking News. The ranking evaluates independent luxury watchmakers and independent haute horlogerie brands serving ultra-high-net-worth collectors, private clients, family offices, watch collectors, and specialist horology enthusiasts.

Independent luxury watchmaking continues to represent one of the most intellectually sophisticated segments of the global luxury industry. While large watch conglomerates dominate global production volumes, marketing reach, and retail distribution, independent watchmakers typically operate on smaller scales and emphasize craftsmanship, technical originality, creative autonomy, and the personal vision of a founder, master watchmaker, or independent atelier.

Many independent watchmakers maintain small workshops where master watchmakers, movement engineers, dial artisans, case specialists, and finishing experts remain closely involved in the production process. From movement architecture and hand finishing to final assembly and regulation, these ateliers preserve many of the traditional skills that have defined Swiss and European mechanical watchmaking for generations.

Over the past decade, independent watchmaking has attracted increasing attention from serious collectors, horological scholars, auction houses, and specialist watch communities. Collectors often view independent watchmakers as the creative frontier of mechanical horology, where technical experimentation, artistic design, low production volumes, and unusually personal craftsmanship continue to evolve.

This ranking identifies independent luxury watchmakers and independent haute horlogerie brands that demonstrate sustained collector relevance, technical credibility, creative identity, craftsmanship standards, and influence within the global landscape of contemporary horology.

Market Overview

The global luxury watch market has become increasingly polarized. Large heritage brands continue to dominate production volume, retail presence, celebrity visibility, and mainstream luxury awareness, while independent watchmakers occupy a more specialized collector-driven segment defined by scarcity, craftsmanship, intellectual originality, and personal narrative.

Independent watchmakers have benefited from this environment because collectors increasingly seek timepieces that demonstrate originality rather than mass-produced prestige. Many independent watches embody the philosophy of a specific watchmaker or creative team, creating a deeper connection between the maker, the object, and the collector.

Auction markets and secondary-market activity have also reinforced the prestige of independent watchmaking. Rare watches produced by respected independent brands frequently attract attention because production volumes are extremely limited and waiting lists can be difficult to access. For ultra-high-net-worth collectors, this scarcity can be as important as brand visibility.

The independent watchmaking ecosystem is also becoming more collaborative. Some small ateliers work with specialized movement engineers, independent case makers, dial artisans, guilloché specialists, engravers, and finishing experts. This allows independent brands to create technically ambitious watches despite limited internal production scale.

As global wealth continues expanding and collector sophistication deepens, independent watchmakers remain among the most admired creators within the luxury watch ecosystem.

Industry Trend — 2026

In 2026, several structural trends continue shaping the independent watchmaking landscape.

First, finishing quality and artisanal craftsmanship remain central to collector demand. Independent watchmakers frequently devote extraordinary attention to movement finishing techniques such as anglage, black polishing, interior angles, hand engraving, frosted bridges, hand-guilloché dials, and finely executed movement architecture.

Second, collectors increasingly distinguish between independent ownership and independent creative identity. Some brands may have outside investors or minority shareholders, but they continue to be evaluated as independent where they remain outside major watch conglomerates and retain a distinct founder-led or atelier-driven horological identity.

Third, a younger generation of independent watchmakers continues gaining visibility. Ateliers such as Akrivia, Grönefeld, Krayon, and Ressence have shown that independent watchmaking can combine classical craftsmanship with modern design languages, experimental time displays, and innovative mechanical concepts.

Fourth, the category is no longer limited to small classical ateliers. Brands such as Richard Mille, MB&F, H. Moser & Cie., and De Bethune demonstrate that independent watchmaking can also support larger creative platforms, strong global recognition, and more visible luxury positioning.

Finally, ultra-high-net-worth collectors increasingly view independent watches as cultural objects rather than only luxury accessories. The strongest independent watchmakers are valued for originality, scarcity, craftsmanship, technical discipline, and the ability to express a coherent horological philosophy.

Methodology — Core Eligibility Criteria

To ensure consistency within the Independent Luxury Watchmakers category, brands included in the ranking were evaluated based on the following criteria:

• Operates independently from major luxury watch conglomerates or maintains a clearly distinct independent haute horlogerie identity
• Demonstrates original horological engineering, creative design philosophy, or exceptional artisanal craftsmanship
• Produces high-end mechanical watches with limited or selective production volumes
• Maintains recognized reputation among collectors, watch experts, auction specialists, or horology institutions
• Shows visible market activity, current production relevance, and operational traceability
• Contributes meaningfully to the independent watchmaking ecosystem through innovation, finishing quality, or collector influence

Brands primarily controlled by major watch conglomerates, mass-market watch companies, inactive ateliers, and historically revived brands without clear independent creative or operational identity were excluded from this ranking.

Methodology — Ranking Factors

Institutions were evaluated based on qualitative and structural factors including:

• Horological innovation and technical complexity
• Reputation among collectors and watch experts
• Craftsmanship and finishing quality
• Brand recognition within independent watchmaking
• Historical influence within the independent horology sector
• Founder or atelier identity
• Production scarcity and collector desirability
• Current visibility within auction, retail, and collector communities
• Balance between horological credibility and HNW luxury relevance

The Ranking News Top Independent Luxury Watchmakers 2026 ranking reviewed approximately 60 independent watchmakers and independent haute horlogerie brands, from which 20 institutions were selected.

Tier classifications reflect relative institutional positioning within the independent horology community and do not represent investment advice, resale-price forecasts, or purchase recommendations.

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Tier I — Leading Independent Luxury Watchmakers

Philippe Dufour

• Headquarters: Le Sentier, Switzerland
• Founded: 1978 workshop origins / independent wristwatch production from the 1990s

Philippe Dufour remains one of the defining figures in modern independent watchmaking. His work is widely associated with classical Swiss horology, traditional hand finishing, extreme production scarcity, and a philosophy of watchmaking rooted in manual craftsmanship rather than industrial scale.

Dufour’s most famous watches, including the Simplicity, Duality, and Grande & Petite Sonnerie, are admired for their restraint, proportion, movement finishing, and mechanical purity. Unlike many luxury watch brands that rely on marketing visibility, Dufour’s reputation has been built through the esteem of collectors, watchmakers, and horological specialists.

His work represents the artisan end of independent watchmaking. Each watch is valued not only as a mechanical timepiece but also as the personal output of a master craftsman whose standards have influenced an entire generation of independent watchmakers.

Philippe Dufour fits Tier I because he remains one of the clearest benchmarks for independent watchmaking excellence. His production scale is extremely small, but his influence within serious collector culture is disproportionately large.

F.P. Journe

• Headquarters: Geneva, Switzerland
• Founded: 1999

F.P. Journe is one of the most important independent watch brands in contemporary haute horlogerie. Founded by François-Paul Journe, the company has built a strong reputation for technical originality, distinctive movement architecture, elegant dial design, and the guiding principle expressed through its motto, “Invenit et Fecit.”

The brand’s watches frequently combine classical chronometry with inventive mechanical solutions. Models such as the Chronomètre à Résonance, Tourbillon Souverain, Sonnerie Souveraine, and Chronomètre Bleu have become highly recognizable within the collector community.

F.P. Journe’s strength lies in its balance between independent creative identity and institutional maturity. It is larger and more structured than a one-person atelier, but it still carries a strong founder-led philosophy and a distinctive technical language.

F.P. Journe fits Tier I because it is one of the most influential independent haute horlogerie brands in the world. Its combination of technical creativity, collector demand, scarcity, and brand recognition makes it essential to this ranking.

Greubel Forsey

• Headquarters: La Chaux-de-Fonds, Switzerland
• Founded: 2004

Greubel Forsey is one of the most technically ambitious independent watchmakers in contemporary horology. Founded by Robert Greubel and Stephen Forsey, the brand is known for complex tourbillon architectures, experimental chronometric systems, deep movement construction, and extraordinary finishing standards.

The firm’s watches often explore precision through multi-axis tourbillons, inclined balance systems, differential mechanisms, and highly sculptural movement layouts. The brand’s technical language is intentionally complex and is aimed at collectors who value mechanical research as much as visual elegance.

Greubel Forsey’s finishing standards also contribute to its institutional standing. Bridges, plates, wheels, screws, and case components are frequently finished to an exceptional level, reinforcing the brand’s reputation for labor-intensive haute horlogerie.

Greubel Forsey fits Tier I because it represents the technical frontier of independent watchmaking. Its scale is limited, but its mechanical ambition and collector reputation place it among the most important independent brands globally.

MB&F

• Headquarters: Geneva, Switzerland
• Founded: 2005

MB&F, short for Maximilian Büsser & Friends, is one of the most creative independent watch brands in modern horology. Rather than presenting itself as a conventional watch manufacture, MB&F describes its work through the idea of a horological concept laboratory, producing mechanical objects that combine timekeeping with kinetic sculpture, design experimentation, and collaborative engineering.

The brand’s Horological Machines and Legacy Machines demonstrate two complementary identities. Horological Machines often push watch design into futuristic and sculptural territory, while Legacy Machines reinterpret classical watchmaking through highly architectural movement layouts.

MB&F’s collaborative model is central to its identity. The brand works with independent watchmakers, movement engineers, designers, artisans, and finishing specialists, making its watches both personal and ecosystem-driven.

MB&F fits Tier I because it has reshaped collector expectations for what an independent watch brand can be. Its influence extends beyond technical watchmaking into contemporary design, mechanical art, and luxury creativity.

Richard Mille

• Headquarters: Les Breuleux, Switzerland
• Founded: 2001

Richard Mille occupies a unique position within independent luxury watchmaking. The brand is much larger and more commercially visible than traditional independent ateliers, but it remains one of the most important independent luxury watch brands in the world and has transformed the relationship between haute horlogerie, advanced materials, sports culture, and contemporary luxury.

The brand’s watches are known for tonneau-shaped cases, skeletonized movement architecture, high-performance materials, shock-resistant engineering, and close associations with motorsport, tennis, athletics, and celebrity culture. Richard Mille’s watches often use materials and construction methods drawn from aerospace, Formula One, and high-performance engineering.

Its relevance to independent watchmaking lies in its refusal to follow classical Swiss design codes. The brand created a new visual and commercial language for ultra-high-end watches, proving that independent watchmaking could be technologically aggressive, highly contemporary, and globally recognizable.

Richard Mille fits Tier I because HNW Ranking must account for collector visibility and global luxury relevance, not only artisanal small-scale production. Its scale makes it different from Dufour or Voutilainen, but its independent status and market influence make it too important to omit.

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Tier II — Established Independent Luxury Watchmakers

Independent watchmakers in Tier II represent brands with strong technical credibility and growing influence within the collector community. These brands continue to develop distinctive identities through innovative mechanical solutions, refined finishing, and recognizable design philosophies.

Many of these watchmakers have experienced increasing collector attention in recent years as interest in independent horology continues expanding globally.

(Alphabetical order)

Akrivia / Rexhep Rexhepi

• Headquarters: Geneva, Switzerland
• Founded: 2012

Akrivia, led by Rexhep Rexhepi, has become one of the most important younger ateliers in independent watchmaking. Rexhepi founded the workshop in Geneva after gaining experience with major watchmaking houses, and the brand has since developed a strong reputation for classical finishing, disciplined proportions, and exceptional mechanical refinement.

The Rexhep Rexhepi Chronomètre Contemporain helped establish the atelier’s collector reputation, combining traditional chronometer design with extremely refined movement finishing and strong visual restraint. Akrivia’s work appeals to collectors who value the continuity between classical Geneva watchmaking and a new generation of independent artisans.

The brand’s significance lies not only in its watches but also in its generational position. Rexhep Rexhepi is frequently discussed as one of the most important younger voices in independent horology, making Akrivia a key reference point for the future of the sector.

Akrivia fits Tier II because it is still younger and smaller than the Tier I institutions, but its collector recognition and craftsmanship reputation already place it among the most important independent watchmakers.

Bovet

• Headquarters: Fleurier, Switzerland
• Founded: 1822

Bovet is one of the most historically significant names in Swiss watchmaking and remains a distinctive independent luxury watch brand with a strong emphasis on decorative craftsmanship, complex mechanical displays, and artisanal finishing. The brand is especially associated with elaborate dials, convertible cases, hand engraving, miniature painting, and highly ornate watchmaking.

Bovet’s identity differs from minimalist independent ateliers. Its watches often emphasize visual richness, mechanical display, and artistic expression, making the brand attractive to collectors who value craftsmanship as a decorative and technical language.

The firm’s historical association with pocket watches, Chinese export watches, and elaborate horological objects gives it a strong heritage narrative. In the contemporary market, Bovet continues to occupy a niche between high complication watchmaking and decorative luxury craftsmanship.

Bovet fits Tier II because it is independent, historically meaningful, and clearly positioned in the high-end collector market. It is less central to the modern independent atelier movement than Dufour or Journe, but it remains a credible established inclusion.

Czapek & Cie

• Headquarters: Geneva, Switzerland
• Founded: 1845 legacy / modern revival in 2015

Czapek & Cie represents a successful modern revival of a historic Swiss watch name. The brand has built credibility by combining classical design references, contemporary movement development, distinctive dial architecture, and an independent ownership model supported by collectors and private investors.

Czapek’s modern collections have gained attention for balanced case proportions, openworked movement design, high-quality dial execution, and collaborations with specialist suppliers. The Antarctique collection in particular helped the brand achieve stronger visibility among collectors seeking independent alternatives to larger integrated-bracelet sports watch brands.

The company’s strength lies in its combination of accessibility relative to the highest independent watchmakers and serious horological credibility. It is not a one-person atelier, but it remains a clearly independent brand with strong collector engagement.

Czapek & Cie fits Tier II because it is active, visible, commercially relevant, and structurally appropriate for a ranking focused on independent luxury watchmaking.

De Bethune

• Headquarters: L’Auberson, Switzerland
• Founded: 2002

De Bethune is one of the most distinctive independent haute horlogerie brands of the past two decades. Founded by David Zanetta and Denis Flageollet, the brand is known for futuristic design, polished titanium cases, floating lugs, spherical moon-phase displays, advanced balance systems, and a highly recognizable visual identity.

The brand’s watches frequently combine traditional high watchmaking with experimental materials and contemporary design. De Bethune has built a strong collector following because its timepieces do not resemble conventional Swiss luxury watches; they express a specific mechanical and aesthetic worldview.

Although its ownership structure includes outside investment, De Bethune continues to be evaluated within the independent watchmaking ecosystem because of its distinctive creative identity and its continued association with Denis Flageollet’s technical vision.

De Bethune fits Tier II because it remains one of the most important modern independent haute horlogerie brands. Its ownership complexity makes Tier II more appropriate than Tier I, but its creative and technical relevance remains strong.

Grönefeld

• Headquarters: Oldenzaal, Netherlands
• Founded: 2008

Grönefeld, led by brothers Bart and Tim Grönefeld, is one of the most respected non-Swiss independent watchmaking ateliers. Based in the Netherlands, the brand has gained strong recognition for movement architecture, exceptional finishing, and a clear identity rooted in the brothers’ watchmaking background.

The firm’s watches often combine classical layouts with modern finishing language. Models such as the One Hertz, Parallax Tourbillon, 1941 Remontoire, and Principia have contributed to the brand’s reputation for technical refinement and distinctive design.

Grönefeld’s importance lies in its ability to demonstrate that independent haute horlogerie is not limited to Switzerland. The brand has helped broaden the geography of serious independent watchmaking while maintaining extremely high craftsmanship standards.

Grönefeld fits Tier II because it is highly respected among collectors and watch specialists. It remains smaller than the Tier I names but has a strong and defensible position within the independent horology community.

H. Moser & Cie.

• Headquarters: Neuhausen am Rheinfall, Switzerland
• Founded: 1828 legacy / revived modern platform in 2005

H. Moser & Cie. combines historical Swiss watchmaking heritage with contemporary independent brand strategy. The company is known for minimalist fumé dials, refined in-house movements, understated complications, and a distinctive marketing voice that often challenges conventional luxury watch norms.

The brand’s modern revival has been driven by a clear independent identity. H. Moser & Cie. produces elegant mechanical watches that often appear simple at first glance but incorporate serious technical work, including perpetual calendars, tourbillons, double hairspring systems, and sophisticated movement finishing.

Its independence is also commercially important. Unlike many small ateliers that remain known only to specialist collectors, H. Moser & Cie. has built broader global visibility while retaining a clear alternative identity to the major watch groups.

H. Moser & Cie. fits Tier II because it is one of the strongest established independent Swiss watch brands. It is more brand-led than artisan-led, but its independence, technical credibility, and collector recognition justify inclusion.

Kari Voutilainen

• Headquarters: Môtiers, Switzerland
• Founded: 2002 independent workshop

Kari Voutilainen is one of the most respected independent watchmakers in contemporary horology. His atelier is widely admired for classical movement construction, exceptional hand finishing, hand-guilloché dials, elegant proportions, and a restrained design philosophy grounded in traditional watchmaking values.

Voutilainen’s watches often appeal to collectors who prioritize craftsmanship over spectacle. The brand’s movement finishing, dial execution, and overall aesthetic coherence have made it one of the most admired independent ateliers among serious watch enthusiasts.

The atelier also demonstrates the importance of personal authorship in independent horology. Voutilainen’s name carries significant weight because the watches are understood as expressions of a master watchmaker’s standards, not merely products of a luxury brand.

Kari Voutilainen fits Tier II only because the Tier I category has been kept to five institutions and includes broader HNW luxury relevance. In purely artisanal watchmaking terms, Voutilainen could easily be argued for Tier I.

Laurent Ferrier

• Headquarters: Geneva, Switzerland
• Founded: 2010

Laurent Ferrier is an independent Swiss watch brand known for classical elegance, restrained case design, refined finishing, and technically sophisticated movements. Founded by former Patek Philippe watchmaker Laurent Ferrier, the brand reflects a deeply traditional understanding of fine Swiss horology.

Its watches are often admired for soft case lines, uncluttered dials, discreet complications, and a strong sense of proportional balance. Laurent Ferrier’s work appeals to collectors who prefer quiet refinement rather than aggressive mechanical display.

The brand’s strength lies in its mature aesthetic language. In a market where many independent watchmakers compete through complexity or visual shock, Laurent Ferrier has built credibility through elegance, execution quality, and horological restraint.

Laurent Ferrier fits Tier II because it is an established and respected independent watchmaker with strong collector recognition. It is less disruptive than MB&F or Richard Mille, but its classical credibility makes it an important inclusion.

Romain Gauthier

• Headquarters: Vallée de Joux, Switzerland
• Founded: 2005

Romain Gauthier is a high-end independent watchmaking company based in the Vallée de Joux and led by its founder. The brand is known for precision engineering, distinctive movement architecture, hand finishing, and a no-compromise approach to mechanical detail.

Romain Gauthier’s watches often feature unusual crown placement, finely executed bridges, hand-finished components, and carefully developed movement systems. The brand appeals to collectors who value subtle technical refinement rather than highly visible luxury branding.

Its significance also comes from its manufacturing discipline. Romain Gauthier has developed a reputation for producing small numbers of watches with strong mechanical integrity, clean finishing, and serious collector appeal.

Romain Gauthier fits Tier II because it is a credible, active, and respected independent watchmaker. It may not have the cultural visibility of MB&F or Journe, but it is highly aligned with the ranking’s horological standards.

Urwerk

• Headquarters: Geneva, Switzerland
• Founded: 1997

Urwerk is one of the most distinctive independent watch brands in contemporary horology. Founded by watchmaker Felix Baumgartner and designer Martin Frei, the brand is best known for satellite time displays, wandering-hour indications, futuristic case architecture, and highly unconventional approaches to reading time.

Urwerk’s importance lies in its originality. Rather than producing classical round watches with traditional hands, the brand created a recognizable mechanical language built around rotating satellites, orbital displays, and instrument-like watch design.

The firm’s watches appeal to collectors who view independent watchmaking as a laboratory for mechanical imagination. Urwerk has shown that independent horology can be technically serious while rejecting traditional visual codes.

Urwerk fits Tier II because it is one of the most original and influential independent watch brands of the modern era. It is niche by design, but its conceptual importance is substantial.

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Tier III — Boutique Independent Watchmakers

Tier III brands represent smaller ateliers and emerging watchmakers within the independent watchmaking ecosystem. These watchmakers often produce extremely limited numbers of watches annually while experimenting with new mechanical ideas and aesthetic approaches.

Many of these brands have developed strong reputations among collectors despite their relatively small production scale.

(Alphabetical order)

Andersen Genève

• Headquarters: Geneva, Switzerland
• Founded: 1980

Andersen Genève is a specialist independent watchmaking atelier with a long-standing reputation for bespoke horology, world-time watches, automaton work, and customized mechanical timepieces. The atelier has a distinctive place within independent watchmaking because of its emphasis on personalization and traditional specialist craft.

Its work frequently appeals to collectors seeking unusual complications, bespoke finishing, and watches with a strong sense of individuality. Andersen Genève also represents an older generation of independent Swiss horology that predates much of the contemporary independent-watchmaking boom.

Andersen Genève fits Tier III because it is historically meaningful, active, and respected, but more specialized and lower-profile than the broader Tier I and Tier II brands.

Armin Strom

• Headquarters: Biel/Bienne, Switzerland
• Founded: 1967 legacy / modern independent manufacture from the 2000s

Armin Strom is an independent Swiss watch manufacture known for openworked movement architecture, skeletonization, resonance mechanisms, and visible mechanical construction. The brand has developed a clear technical identity around exposing the movement as a central part of the watch’s design.

Its modern collections demonstrate meaningful engineering ambition, particularly in resonance and complex movement architecture. Armin Strom’s watches appeal to collectors who value mechanical transparency, contemporary design, and manufacture-level watchmaking.

Armin Strom fits Tier III because it is credible, active, and technically serious. It is more manufacture-like and less culturally influential than several Tier II brands, but it remains an important independent inclusion.

Krayon

• Headquarters: Neuchâtel, Switzerland
• Founded: 2017

Krayon is a young independent Swiss watchmaker known for technically sophisticated mechanical concepts, particularly complications related to sunrise and sunset indications. The brand has gained attention for transforming complex astronomical and geographic information into elegant mechanical displays.

Its watches appeal to collectors interested in unusual complications that go beyond conventional tourbillons, perpetual calendars, and chronographs. Krayon’s strength lies in originality, mechanical ingenuity, and a clear independent technical identity.

Krayon fits Tier III because it is still young and highly specialized, but its creativity and technical seriousness make it relevant within the boutique independent watchmaking ecosystem.

Moritz Grossmann

• Headquarters: Glashütte, Germany
• Founded: 1854 legacy / modern revival in 2008

Moritz Grossmann is a German independent watch brand based in Glashütte, one of Europe’s most important watchmaking centers. The brand combines German horological tradition with modern independent production, emphasizing hand-finishing, restrained design, and classical movement construction.

Its watches are often characterized by finely finished German silver movements, hand-crafted hands, elegant dials, and strong attention to detail. Moritz Grossmann provides important geographic diversity because high-end independent watchmaking is not confined to Switzerland.

Moritz Grossmann fits Tier III because it is credible, traceable, and historically grounded. It is less central to the global independent collector conversation than the Tier I and Tier II names, but it remains an important specialist inclusion.

Ressence

• Headquarters: Antwerp, Belgium
• Founded: 2010

Ressence is an independent watch brand founded by industrial designer Benoît Mintiens and known for radically rethinking the way time is displayed. Instead of traditional hands, Ressence watches use rotating discs and highly legible graphic layouts that give the dial a fluid, almost digital appearance while remaining mechanically driven.

The brand’s Orbital Convex System and oil-filled display concepts have made Ressence one of the most distinctive modern independent watch brands. Its work appeals to collectors who value user-interface innovation, design clarity, and a contemporary approach to mechanical timekeeping.

Ressence fits Tier III because it is highly original and increasingly visible, but its design-led identity differs from the classical hand-finishing tradition of many higher-tier independent watchmakers. Its inclusion adds conceptual diversity to the ranking.

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Remarks

Independent luxury watchmakers continue to play an essential role in the evolution of modern horology. Their work introduces new mechanical ideas, experimental complications, unusual design philosophies, and artisanal finishing standards that influence the broader watch industry.

The firms recognized in this ranking represent a mix of master watchmakers, founder-led ateliers, independent haute horlogerie brands, experimental time-display specialists, classical finishing houses, and larger independent luxury watch platforms. This mix is intentional. A credible HNW Ranking article must recognize both the artisan purity of independent watchmaking and the broader collector relevance of independent luxury brands.

The ranking does not represent investment advice, resale-price guidance, purchase recommendation, or technical testing. Tier classifications reflect relative institutional positioning, collector relevance, horological credibility, creative identity, current activity, and market recognition within the independent luxury watchmaking sector.

As collectors continue to seek originality, scarcity, craft, and creator-led mechanical expression, independent watchmakers are expected to remain among the most intellectually and emotionally significant participants in the luxury watch ecosystem.

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