Major Japanese watchmakers have found a lucrative market for luxury watches, despite the rise of smartwatches. In recent years, these companies have tapped into a worldwide demand for high-end timepieces with price tags reaching hundreds of thousands of dollars. Citizen Watch, for example, recently introduced new models from its high-end line called The Citizen. While a mechanical version is priced at 880,000 yen ($6,225), a limited-edition model with only 200 units available will cost 1.045 million yen ($7,392). Citizen plans to focus on mechanical watches due to stable demand and anticipated market growth, with overseas sales starting next year.   Citizen is also actively developing other upscale lines, such as the Campanola model, which displays real-time constellations on the dial panel, and the super-thin Eco-Drive One line, featuring a movement measuring just 1 millimeter in thickness. This strategic move comes as Citizen faced challenges selling watches priced between ...