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Jacob & Co, the American family-owned high-end jewelry company, has posted record growth in 2022. As a result, its revenues increased by +132% between 2020 and 2022.
The U.S.-based company has recorded a +132% growth between 2020 and 2022, with revenues over this period linked to the strong demand for luxury watches. The U.S., Dubai and Mexico remain important markets for the label, which remains poised for further expansion in the Middle East and Asia.
“For the third year in a row, we are outperforming both the market and our own growth forecasts. Doubling our business in two years has been both incredibly challenging and rewarding. Jacob & Co.’s growth is based on the implementation of a strategy founded on total independence, a flexible and agile management structure, and a focus on innovative designs and absolute excellence,” said Benjamin Arabov, CEO of Jacob & Co.
Jacob & Co. owes this exponential growth to its numerous store openings around the world as well as to its links in the markets with first-class partners. And 2023 promises to be another great year.
In January of this year, the company opened two stores in Dubai and Istanbul and has no plans to stop there. A further 13 boutiques and shops-in-shops will open their doors to the public in Saudi Arabia, Hong Kong, Thailand, Australia, Austria and elsewhere. In total, the brand will have more than 90 boutiques and shop-in-shops in 34 countries around the world.
Expanding to the four corners of the globe
Proud of its heritage and global reputation, the family business, led by Jacob Arabov and his son, is gradually expanding into countries where luxury is omnipresent.
India is a priority market. In September 2022, Jacob & Co began delivering its watches to Ethos, a major timepiece retailer in India, which distributes the largest portfolio of high-end watches in the country. It is now the official representative of the American company, with 11 points of sale on Indian soil. Together, they are preparing the opening of the first Jacob & Co boutique in Mumbai, expected in March.
“Ethos fully understands the mindset of customers and their preferences for luxury watches. Jacob & Co is celebrated by enthusiasts around the world for its exceptional watches and high-level engineering. What makes it unique are its unconventional designs and mechanisms that are nothing short of a work of art. In the next five years, India will be one of the leading luxury watch markets in the world. The introduction of the quintessential Jacob & Co to the Indian market is already generating interest and curiosity among Indian buyers,” says Soomya Rastogi, CEO of Ethos.
In Asia, Jacob & Co recently opened a pop-up in Singapore’s temple of independent watchmaking: Sincere Haute Horlogerie. This collaboration continues to grow in a rapidly developing city-state where luxury is ubiquitous and attracts wealthy clients from around the world. Also in Asia, but this time in Tokyo (Japan), the luxury jeweler opened a boutique last October.
Dubai is also a priority target. The Jacob & Co boutique reopened its doors this week after a complete renovation lasting several months. Next April, the jeweler will open a new store in the same region, as part of a partnership with Salujain, a renowned and experienced luxury goods retailer in Riyadh, Saudi Arabia.
The United States remains an unwavering anchor market. In 2021, a new boutique was opened in Miami, in the trendy Bal Harbor district, and continues to record very good results. 2022 was the best year for the New York boutique’s sales since it began operations 40 years ago: “We see attractive opportunities in the United States in further developing our more affordable watches, with substantial growth in 2024 and 2025,” comments Benjamin Arabov.
Thriving projects
This growth is accompanied by other projects. By 2022, Jacob & Co had set its sights on luxury real estate with the construction and marketing of the world’s tallest residential tower in Dubai’s Business Bay district. Called the Burj Binghatti Jacob & Co Residences, it is over 500 meters high.
Last November, Jacob & Co unveiled the first collection dedicated to Cristiano Ronaldo, during the World Cup. Created jointly with the footballer, it includes two watch models: the Epic X Flight of CR7 and the Epic X Hope of CR7. A long-time friend of the brand, the world-famous sportsman is the first soccer player to have his own collection of watches, in tribute to his sporting achievements.
Finally, to name just a few of its many innovations, in 2022 Jacob & Co became the first watch company to present a physical watch with its NFT at the GPHG (Grand Prix de l’Horlogerie de Genève). Shortlisted in the jewelry category, the watch, named Astronomia Metaverso NFT Venus, marked a change in the watchmaking world. The year before, the brand had already presented its first NFT watch (without physical equivalent) to the general public.
The year 2022 was a prosperous one, and the year ahead is also full of projects. Jacob & Co obviously has no more time…
Read also >Jacob & Co. reveals the world’s first metaverse watch
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Jacob & Co, the American family-owned high-end jewelry company, has posted record growth in 2022. As a result, its revenues increased by +132% between 2020 and 2022.
The U.S.-based company has recorded a +132% growth between 2020 and 2022, with revenues over this period linked to the strong demand for luxury watches. The U.S., Dubai and Mexico remain important markets for the label, which remains poised for further expansion in the Middle East and Asia.
“For the third year in a row, we are outperforming both the market and our own growth forecasts. Doubling our business in two years has been both incredibly challenging and rewarding. Jacob & Co.’s growth is based on the implementation of a strategy founded on total independence, a flexible and agile management structure, and a focus on innovative designs and absolute excellence,” said Benjamin Arabov, CEO of Jacob & Co.
Jacob & Co. owes this exponential growth to its numerous store openings around the world as well as to its links in the markets with first-class partners. And 2023 promises to be another great year.
In January of this year, the company opened two stores in Dubai and Istanbul and has no plans to stop there. A further 13 boutiques and shops-in-shops will open their doors to the public in Saudi Arabia, Hong Kong, Thailand, Australia, Austria and elsewhere. In total, the brand will have more than 90 boutiques and shop-in-shops in 34 countries around the world.
Expanding to the four corners of the globe
Proud of its heritage and global reputation, the family business, led by Jacob Arabov and his son, is gradually expanding into countries where luxury is omnipresent.
India is a priority market. In September 2022, Jacob & Co began delivering its watches to Ethos, a major timepiece retailer in India, which distributes the largest portfolio of high-end watches in the country. It is now the official representative of the American company, with 11 points of sale on Indian soil. Together, they are preparing the opening of the first Jacob & Co boutique in Mumbai, expected in March.
“Ethos fully understands the mindset of customers and their preferences for luxury watches. Jacob & Co is celebrated by enthusiasts around the world for its exceptional watches and high-level engineering. What makes it unique are its unconventional designs and mechanisms that are nothing short of a work of art. In the next five years, India will be one of the leading luxury watch markets in the world. The introduction of the quintessential Jacob & Co to the Indian market is already generating interest and curiosity among Indian buyers,” says Soomya Rastogi, CEO of Ethos.
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Jacob & Co, the American family-owned high-end jewelry company, has posted record growth in 2022. As a result, its revenues increased by +132% between 2020 and 2022.
The U.S.-based company has recorded a +132% growth between 2020 and 2022, with revenues over this period linked to the strong demand for luxury watches. The U.S., Dubai and Mexico remain important markets for the label, which remains poised for further expansion in the Middle East and Asia.
“For the third year in a row, we are outperforming both the market and our own growth forecasts. Doubling our business in two years has been both incredibly challenging and rewarding. Jacob & Co.’s growth is based on the implementation of a strategy founded on total independence, a flexible and agile management structure, and a focus on innovative designs and absolute excellence,” said Benjamin Arabov, CEO of Jacob & Co.
Jacob & Co. owes this exponential growth to its numerous store openings around the world as well as to its links in the markets with first-class partners. And 2023 promises to be another great year.
In January of this year, the company opened two stores in Dubai and Istanbul and has no plans to stop there. A further 13 boutiques and shops-in-shops will open their doors to the public in Saudi Arabia, Hong Kong, Thailand, Australia, Austria and elsewhere. In total, the brand will have more than 90 boutiques and shop-in-shops in 34 countries around the world.
Expanding to the four corners of the globe
Proud of its heritage and global reputation, the family business, led by Jacob Arabov and his son, is gradually expanding into countries where luxury is omnipresent.
India is a priority market. In September 2022, Jacob & Co began delivering its watches to Ethos, a major timepiece retailer in India, which distributes the largest portfolio of high-end watches in the country. It is now the official representative of the American company, with 11 points of sale on Indian soil. Together, they are preparing the opening of the first Jacob & Co boutique in Mumbai, expected in March.
“Ethos fully understands the mindset of customers and their preferences for luxury watches. Jacob & Co is celebrated by enthusiasts around the world for its exceptional watches and high-level engineering. What makes it unique are its unconventional designs and mechanisms that are nothing short of a work of art. In the next five years, India will be one of the leading luxury watch markets in the world. The introduction of the quintessential Jacob & Co to the Indian market is already generating interest and curiosity among Indian buyers,” says Soomya Rastogi, CEO of Ethos.
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