swiss watches news and archive

Swiss watch exports enjoy another record year in 2023

Swiss watch exports set a record for the third year running in 2023, rising 7.6 percent to 26.7 billion Swiss francs (31 billion dollars), an industry group said on Tuesday. Exports were boosted by sales in their largest market, the United States, where they rose 35.1 percent for the full year, the watchmakers' federation said. On the other...

Business

Swiss watch exports dip 35.1 percent in June

Swiss watch exports plunged again in June, an industry body said on Tuesday, though there were early signs of a potential uptick thanks to renewed demand from China. In April, exports plummeted by an annualised 81.3 percent, and were followed in May by an impressive decline of 67.9 percent as global sales took a time out amid the coronavirus...

Business

Swiss watch exports to Hong Kong plunge in 2019

Swiss watch exports to Hong Kong, the sector's biggest market, plunged 11.4 percent in 2019 due to a wave of pro-democracy protests there, the Swiss watch industry federation said Tuesday. Overall, however, watch exports were up by 2.4 percent to 21.7 billion Swiss francs (20.3 billion euros, 22.4 billion US dollars) because of growth in other...

Video

What is behind the Swiss watch hype?

When consumers thinks "luxury wristwear", more often than not a Swiss watch pops into their mind. Have you ever thought about why Swiss watches hold such a high reputation? What makes Swiss watches so special, standing out from a booming watch market? Mr Porter takes a look at why the words “Swiss Made” on a watch means so much to us? Source:...