The latest data out of Switzerland show that despite a sharp drop in the Chinese market, total exports of Swiss watches in May climb 14% to $2.1 billion, powered by strong growth in the U.S and Europe. This sentiment has been echoed by Watches of Switzerland, the U.K. based watch and jewelry retailer that has been expanding recently in the U.S. market. Watches of Switzerland is an authorized retailer for massive watch brands like Rolex, Omega, Cartier, and TAG Heuer.
RAPAPORT. Swiss watch exports grew strongly in May as demand strengthened in the US and Europe while orders of high-end timepieces surged.Global shipments rose 14% year on year to CHF 2.04 billion ($2.12 billion) for the month, the Federation of the Swiss Watch Industry reported Tuesday..
Swiss watch exports saw a more moderate rise in April as China’s coronavirus measures reduced demand in the key market, according to the Federation of the Swiss Watch Industry.While global shipments climbed 7% to CHF 1.92 billion ($2 billion) for the month, the increase was weaker than in the.