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                                                                      EXHIBIT 24
 
                               POWER OF ATTORNEY
 
     The undersigned Directors of Movado Group, Inc., a New York corporation
which proposes to file with the Securities and Exchange Commission, Washington,
D.C. under the provisions of the Securities Act of 1933, as amended, a
Registration Statement on Form S-8 with respect to certain shares of its common
stock and certain deferred compensation obligations to be issued to employees
pursuant to the Corporation's 1996 Stock Incentive Plan and the Corporation's
Deferred Compensation Plan for Executives, respectively, hereby constitutes and
appoints Efraim Grinberg, Michael Bush and Timothy Michno, and each of them as
his or her attorney, with full power of substitution and resubstitution, for and
in his or her name, place and stead, to sign and file the proposed Registration
Statement and any and all amendments and exhibits thereto, and any and all
applications and other documents to be filed with the Securities and Exchange
Commission pertaining to such securities or such registration, with full power
and authority to do and perform any and all acts and things whatsoever requisite
and necessary to be done in the premises, hereby ratifying and approving the
acts of such attorney or any such substitute.
 
     IN WITNESS WHEREOF, the undersigned has hereunto set his hand this 19th day
of June, 1996.
 


                         NAME                                  DATE
- ------------------------------------------------------    --------------
                                                       
                /s/  GEDALIO GRINBERG                      June 14, 1996
- ------------------------------------------------------
                   Gedalio Grinberg
               /s/  MARGARET HAYS ADAME                    June 14, 1996
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                 Margaret Hays Adame
                 /s/  DONALD ORESMAN                       June 14, 1996
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                    Donald Oresman
             /s/  LEONARD L. SILVERSTEIN                   June 14, 1996
- ------------------------------------------------------
                Leonard L. Silverstein