What is the value of the luxury watches market in Romania?
Adrian Stoican: This question is difficult to answer, but the market value could range between 25 and 30 million Euro by the end of 2008. This is a very high value, considering Romanians’ purchasing power. The assortment and the value are both comparable to the European market. I can say that some of the brands, such as Vacheron Constantin consider us among the best retailers on the European market. We sold around 30 Vacheron Constantin watches in only one store in one year BH: What type of customers are you targeting? Adrian Stoican: The customers are generally businesspeople. The ladies represent a big percentage of our customers, but men watches sell best. But the ladies are wearing lately men’s watches as well, so the destination of a men’s watch is hard to determine. We have both Romanian and foreign customers. Among the foreigners, the Chinese are our most faithful clients. BH: The watches and the jewels markets evolve in parallel? Adrian Stoican: We also have 5 jewel brands in o
