If you had answered “China”, that would be incorrect. However, you’d still be partially right, technically speaking, because the precise answer is actually Macau, which is part of Greater China.
China is the second largest economy in the world. The United States leads with its Gross Domestic Product (GDP) of US$17.4 trillion in 2014 while that for China was US$10.4 trillion, according to The World Bank.
However, with its large population base of 1.36 billion, China’s GDP per capita became US$7,590 placing it in 90^th position in 2014 on a worldwide scale.

On the other hand, Macau, the Special Administrative Region of the People’s Republic of China, had the GDP of US$55.1 billion. Its much smaller estimated population of 607,500 (as at 31 December 2013) as compared to China means that its GDP per capita will be higher. It stood at US$96,038 in 2014, placing Macau in fourth spot globally and in front of Switzerland’s GDP per capita of US$85,600.
Macau is known for its casinos. In fact, gaming is Macau’s main economic driver as 83% of its government revenue comes from gaming-related taxes. This small city welcomed 31.5 million visitors in 2014 alone. It therefore doesn’t come as a surprise that shopping is also an important revenue source at its casinos.
This also explains why annual events like the DFS Masters of Time exhibition which began on 5 December 2015 and ends on 29 February 2016, makes sense in this former Portuguese enclave. This is actually the seventh DFS Masters of Time exhibition, which is held in partnership with the Shoppes at Four Seasons.

More than 400 timepieces and jewellery from 28 international brands are not only on display at T Galleria by DFS, Shoppes at Four Seasons but are also available for sale.
The participating brands include Arnold & Son, Angelus, Blancpain, Breguet, Bulgari, Cartier, Chaumet, Chopard, Corum, de Bethune, Franck Muller, Girard-Perregaux, Glashütte Original, Hautlence, H. Moser & Cie, Hermès, Hublot, IWC, Jaeger-LeCoultre, Jaquet Droz, Manufacture Royale, Officine Panerai, Omega, Roger Dubuis, Tiffany & Co.. Vacheron Constantin, Van Cleef & Arpels and Zenith.

“This year’s Masters of Time exhibition is inspired by the traveller and the thrill of discovery,” says Philippe Schaus, DFS Group chairman and CEO.
The travel inspiration will relate with Glashütte Original’s Senator Cosmopolite featuring a time zone wheel display offering a choice of 38 world time zones with each indicated by the official IATA (International Air Transport Association) location code for a key international airport in that zone.
As for “discovery”, the notable timepieces to spend time with include the Ballon Bleu de Cartier Vibrating Setting watch with its magical display of moving diamonds on its dial, Franck Muller’s Vanguard Gravity that is not exactly a “tourbillon” but more like a carrousel, Hublot’s stunning MP-05 “LaFerrari” All Black and the Hautlence Vortex.

A “Masterclass” session was held for the first time. Eight experts were roped in to discuss trends, values and innovation within the realm of timepieces. Among them was Caroline Issa, chief executive officer of the Tank Group.
She highlighted that the focus on craftsmanship and specialist ateliers using feathers and embroidery are coming to the forefront. This brings to mind Corum’s feather wristwatch which was on display and in a sense, Vacheron Constantin’s Métiers d’Art Fabuleux Ornements “Chinese Embroidery”. Genuine embroidery isn’t used on the dial but rubies, cuprites and garnets represented flowers like those seen on actual Chinese embroideries.
Issa also pointed out that producers of high-end luxury cheap replica watches should pay attention to their integrity of design and craft for these “sitting alongside modern fashion influence and look will be key”.

Timepieces related to her pointers include Breguet’s Reine de Naples “Day . Night”, the Jaquet Droz Heure Minute Relief Carps, the Excalibur Spider Skeleton Flying Tourbillon from Roger Dubuis and Chopard’s Happy Fish watch.
Interestingly, the DFS Masters of Time exhibition ends on 29 February 2016. This means that there is still some time left to visit this exhibition and that this is a leap year, that is, a year with 366 days.
There wasn’t a perpetual calendar watch among the highlights. It would actually have been meaningful, especially for collectors or a new owner of such a timepiece to view how the complex mechanical calendar mechanism will move its day, month and date displays after midnight on 29 February.
The closest mechanism to the perpetual calendar among the highlights is actually Tiffany & Co’s CT60 Annual Calendar Geneva Limited Edition watch. Limited to 10 pieces, this 18K white gold fake watch commemorated the brand’s opening of Tiffany & Co in Geneva and its design is inspired by a gold Tiffany timepiece presented to US President Franklin D. Roosevelt on his 63^rd birthday in 1945. As it houses an annual calendar mechanism, the owner of such a piece need only set the date once a year and that is on the first of March every year.