Over the millennia, the crown represented power, legitimacy, honor and glory. Rulers often wore crowns decorated by jewels. The news of the Indian Kohinoor that decorates the British still ruffles numerous patriotic Indians. Crowns are gone but for a photo op at symbolic events that have no impactful relevance. In addition to the irrelevance of most monarchies, people are also fully aware of their monarch’s and they would not need to keep this on to just communicate their position.
According to a recent Euro monitor report , global wrist watch sales is likely to go up by another 30 % by about 2017 from the current $ 47 billion. With smart mobile phones be on coming the order of the day, the role of the wrist watches is likely to be limited. Wake-up alarms are now set on the mobile phone. Logically, this should be the first step in the start of the extinction of the wrist watches. Brands like Rolex, Omega , Cartier and plethora of other premium brands have positioned watches as a lifestyle product that reflects the persona of the wearer. This might be able to hold the fort for a few years, but the digital tide of smart watches with biometric options should eventually take over.