The rise of Certified Pre-Owned
services in the watch market

As watch aficionados and collectors explore the allure of vintage timepieces, brands are seizing the opportunity to redefine the market and instil trust with potential buyers thanks to Certified Pre-Owned watches.

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Certified pre-owned watch authenticity

What is Certified Pre-Owned

Certified Pre-Owned, or CPO, is an initiative that goes beyond the conventional second-hand market. It's a commitment by brands to thoroughly inspect, refurbish, and guarantee the authenticity of pre-owned watches before they reach the hands of a new owner. This trend has swiftly moved from a niche market to a mainstream choice, offering buyers the chance to own a genuine vintage timepiece with confidence, and live a high-quality customer experience offered by the brands. As of today, brands likehave already embraced this concept.

Why CPO services are important for brands?

  1. Fight Counterfeits: The rise of counterfeits in the second-hand market poses a challenge to both brands and consumers. Certified Pre-Owned initiatives act as a proactive measure, ensuring that every watch is genuine, verified, and backed by the reputation of the brand.
  2. Gain client knowledge: For brands, CPO initiatives is a chance to engage with customers throughout the entire lifecycle of a watch, reinforcing the bond between the brand and its clients.
  3. Control the economic value: In a world of speculation, Certified Pre-Owned watches are an opportunity for buyers to acquire high-quality timepieces at an accessible price point, determined by the brand.
  4. Develop a new revenue stream: the secondary market has grown steadily over the last decade and might overcome the primary market by 2030, according to Deloitte. And nowadays, it is mostly controlled by online marketplaces and auctions houses.
  5. Engage in sustainability: As the world pivots towards green practices, the watch industry follows suit. Certified Pre-Owned watches align with the ethos of sustainable luxury, allowing consumers to buy high-quality watches without compromising on environmental responsibility.

The key role of technology to build high-standards CPO services

The integration of blockchain Digital Product Passports, or DPP, emerges as a game-changer for CPO services. The DPP is a digital twin that creates an immutable link with the physical product and thanks to the blockchain, the watch brands are able to:

The marriage of Certified Pre-Owned initiatives and blockchain technology helps brands gain their customers' trust, and help enthusiasts to acquire watches with a guaranteed authenticity and history. As we navigate this exciting intersection of tradition and technology, the Certified Pre-Owned trend backed by blockchain becomes more than a market strategy. It's a pledge to permanently preserve the legacy of each timepiece.

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