Category: Watches

Swiss Watch Exports Plunge Amid Halt in Asia Demand

Shipments to China and Hong Kong were lower than in March 2020, at the height of Covid-19.

Decline is result of “significant” drop in demand in Hong Kong and China.

Supply to municipality down 5% in January.

Stronger-than-expected demand from US and recovery in Hong Kong drive increase.

Total shipments for November up 3.1% year on year.

Swiss watchmakers will operate as separate companies.

Patek Philippe and Rolex pieces tie for spot.

Global shipments saw growth slow in October.

Company purchased 19 Ernest Jones watch showrooms from Signet in October.

Timepiece by renowned horologists George Daniels and Roger Smith leads Sotheby’s Geneva auction.

The September issue looks at the spending trends, gemstones, and styles shaping retail shopping this festive season.