(Photo by Harold Cunningham/Getty Images) Getty Images Troubles in the luxury watch market continue, as evidenced by the latest report from the Federation of the Swiss Watch Industry. Swiss watch exports in August were 1.2 million units, 125,000 fewer than last year. Despite the decline in unit volumes, the total value of wristwatch exports increased...
Tag: Swiss watch
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Swiss Watch Exports Rose Last Month. Here’s Why the Industry’s Outlook for 2024 Is Still ‘Negative.’
The watch industry in Switzerland is sending mixed signals, reflecting concerns about a slowdown in key markets. Swiss watch exports trended upward in August as the demand for timepieces in China and Hong Kong continues to worsen, Bloomberg reported. Last month, shipments increased 6.9 percent by value compared to last year to 2 billion Swiss francs...
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India-EFTA deal: Swiss watches, chocolates to enter India at lower prices
4 min read Last Updated : Mar 10 2024 | 4:52 PM IST Domestic customers will get access to high-quality Swiss products such as watches, chocolates, biscuits, and clocks at lower prices as India will phase out customs duties under its trade pact with the EFTA bloc on these goods over a period of...