Rolex and Rocca - a brand of the Damiani Group - have opened a new boutique on the Costa Smeralda, in the central square of Porto Cervo, a destination for VIPs from around the world. The atmosphere is reminiscent of marine environments. Customers and visitors to the boutique will have available all Rolex watch collections, from classic to more sporty models. The Damiani Group closed its annual financial statements for the year ended March 31, 2023 with consolidated revenues in excess of 300 million euros, a double-digit increase over the previous year, confirming a robust growth trend. The Italian luxury jewelry and watch company had filed its annual report as of March 31, 2022, with consolidated revenues of 238 million euros, up 69 percent from the previous year, highlighting the company's exceedance of pre-pandemic business levels. In contrast, according to Morgan Stanley's estimates, Rolex's sales in 2022 stood at 9.3 billion francs (9.6 billion euros), up from 8 billion euros in 2021.
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