The Federation of the Swiss Watch Industry (FHS) reported that the country’s watch exports in July rose 3.6 percent in a year-on-year comparison to $1.8 billion (CHF 1.7 billion). This is the third month in a row that exports have risen and the FHS says it is on track for a stabilisation of the industry that had witnessed a steep fall in exports for a year and a half.
Leading the resurgence were exports to China, which grew 22.3 percent to $135 million (CHF 130.9 million) and Hong Kong, which grew 16.8 percent to $212 million (CHF 204.8 million).
Bucking the trend of several previous months, timepieces costing more than $517 (CHF 500) fell 14.7 percent in the number of pieces and 18.2 percent in value, while those costing more registered growth, particularly the segment costing more than $3,104 (CHF 3,000), which grew 6.6 percent in terms of units shipped and 5.9 percent in value.
European markets registered a fall in exports.
https://www.gemkonnect.com/news/high-end-leads-swiss-watch-export-surge-china-hong-kong