If last year’s Watches and Wonders felt like it was playing against a backdrop of geopolitical chaos (with Trump's tariff bombshell sending a shiver through the Swiss watch industry), the 2026 edition arrives with its own complicated backdrop. The downturn that has been gnawing at Swiss watchmakers for the past two years hasn't fully lifted, and the industry is still finding its footing in a world where Chinese appetite remains muted and a booming secondary market is increasingly the first port of call for buyers discouraged by ever-rising retail prices. And yet Geneva looks set to deliver. The 2026 show is shaping up to be the largest watchmaking gathering ever organized in the city, with a significant storyline being the return of Audemars Piguet , absent from the show since 2019. But above all, 2026 is a year of anniversaries. Patek Philippe is marking the 50th birthday of the Nautilus. Tudor is celebrating its centenary.…