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Swiss watchmakers see exports plunge amid pandemic

Swiss watch exports plunged by more than a fifth in March, the Swiss watch industry federation, FH, said Tuesday, warning it expected the situation to deteriorate further in April. Overall, Swiss watch exports fell 21.9 percent in March compared to a year earlier, to 1.4 billion Swiss francs (1.4 billion dollars, 1.3 billion euros) -- with a...

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Apparel

Boom time for luxury watch brands

India’s luxury watch market is booming as Indians are acquainted with higher life and don’t hesitate in splurging. High-end watches cost anywhere between Rs 15,000 and Rs 50,000. There are some limited editions that cost up to Rs 5 crores. Price notwithstanding, people are splurging on these time pieces and keeping the buying capacity of Indian...

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