RapNet


Rapaport News

 

Retail

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Swiss Watch Exports Rebound in October

Shipments of timepieces priced above $3,000 see largest increase.
Nov 20, 2018 8:57 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
 Shipments of Swiss watches bounced back in October after a drop the previous month, benefiting from stronger exports of high-end timepieces.

Total exports rose 7% year on year to CHF 1.99 billion ($2 billion) for the month, the Federation of the Swiss Watch Industry reported Tuesday. Orders for watches priced above CHF 3,000 ($3,024) climbed 12% by value, while exports of those worth less than CHF 200 ($202) dropped 7%. Shipments remained flat for mid-priced watches, including those priced at CHF 200 to CHF 500 ($504) and CHF 500 to CHF 3,000.

“After the isolated fall in September, watch-industry exports have reverted to the sustained trend reported previously,” the federation said.

Total orders from Hong Kong, the Swiss trade’s largest export market, grew 10% to CHF 270.5 million ($272.7 million), while supply to the US rose 11% to CHF 206 million ($207.7 million). China recorded one of its largest monthly increases this year, the federation said, as shipments jumped 24% to CHF 184.9 million ($186.4 million).

Exports of watches made of gold and steel strengthened in October, rising 11% to CHF 314.2 ($316.7 million). Supply of timepieces made from precious metals went up 8% to CHF 616.7 million ($621.7 million), while shipments of steel watches increased 6% to CHF 790.7 million ($797.1 million).

Image: Rolex window, Geneva, Switzerland. (Torange.biz)
Tags: Federation of the Swiss ‎Watch Industry, Rapaport News, Swiss watch exports, Swiss watches
Similar Articles
Hong Kong retail dataHong Kong Luxury Retail Sales Plunge
Dec 02, 2019
Sales of jewelry and other luxury items in Hong Kong slid...
Tiffany, Pandora Receive Top Sourcing Scores
Hong Kong Troubles Weigh on Luk Fook
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us