Italian automaker Ferrari has dabbled in the manufacturing of elegant, high-quality timepieces for years. However, the luxury automotive brand has had a shaky relationship with many manufacturers. The move to join with Movado will allow Ferrari to offer products to the general public, as the watch maker is well-known for affordable luxury timepieces. Unlike Ferrari’s vehicles, which have been for the rich and elite, their accessories will become affordable to low-to-moderate income collectors and the general public.
Italian automaker Ferrari has dabbled in the manufacturing of elegant, high-quality timepieces for years. However, the luxury automotive brand has had a shaky relationship with many manufacturers.
That won’t mean the pieces will be cheap. Even with the new collection, watches are expected to cost approximately $2,000 USD (1,500 Euros). The multi-year deal will open Ferrari watches for distribution in wholesale outlets in addition to Ferrari stores and its online shop. The new watch collection by Movado will debut in 2012 at the Annual Watch & Jewellery Fair in Basel, Switzerland.
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