While other designers are making moves to scale back, Polo Ralph Lauren is taking on a new luxury market: watches. The American label will release a line of upscale timepieces under an agreement with the Richemont Group, known for making fabulous watches by Cartier, IWC, and Officine Panerai. The new line debuts in Geneva later this month, at the Salon International de la Haute Horlogerie. Sure we're all in the economic doldrums, but the luxury market still exists. In Geneva. [Luxist]