Hong Kong and US Boost Swiss Watch Trade

By Rapaport News / March 20, 2018 / www.diamonds.net / Article Link

RAPAPORT... Swiss watch exports increased in February, driven by thestrongest monthly growth in shipments to Hong Kong and the US in six years. Worldwide shipments of Swiss timepieces climbed 13% year onyear to $1.78 billion (CHF 1.69 billion) last month, the Federation of the Swiss Watch Industry reported Tuesday. Exports to Hong Kongjumped 36% to $268.1 million (CHF 255.2 million), while those to the US soared 26%to $196.1 million (CHF 186.7 million). Supply to China grew 22% to $137.6million (CHF 131 million). Globally, exports of watches worth over $3,151 (CHF 3,000) wentup 13% by value in February. Shipments of timepieces priced under $210 (CHF 200) rose8%, after more than a year of declines. Mid-priced ranges all saw moderateincreases in shipments, with exports of goods that cost between $210 and $525(CHF 500) increasing 9%, and those priced between $525 and $3,151 (CHF 3,000)gaining 19%. The improvement in the market comes ahead of the Baselworldshow, an important event in the watch and jewelry industry. The exhibition beginsThursday and runs through next Tuesday.Image: Courtesy of Baselworld

Recent News

Gold's Bull Market Pullbacks

April 28, 2025 / www.canadianminingreport.com

Gold stocks down on metal drop

April 28, 2025 / www.canadianminingreport.com

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com

Gold stocks up, juniors outperform on small cap strength

April 21, 2025 / www.canadianminingreport.com

Gold stocks rebound to new highs

April 14, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok