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Swiss Watch Exports Jump to Highest Since 2014 as Industry Booms

From bnnbloomberg.ca

Swiss watch exports rose again in July, increasing to near record levels and notching their highest value in eight years as demand for pricey Rolex, Omega and Vacheron Constantin timepieces booms. Exports rose 8.3% in July compared to the same month in 2021 to 2.2 billion Swiss francs ($2.3 billion), the Federation of the Swiss Watch Industry said Thursday. That’s the highest value for exports of Swiss watches since a record performance in October 2014. Demand for luxury watches has been soaring after many cash-flush consumers discovered Swiss brands from Rolex to Audemars Piguet and Patek Philippe while stuck at ... (full story)

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