Tag: Watch Industry

The coronavirus plunged the Swiss watch industry into one of its biggest crises since the post-war period, but thanks to Chinese consumers, Switzerland's third...

2019 was a very good year for the Swiss luxury industry, and thanks to this, Switzerland remains the undisputed leader in the global jewelry...

In 2021, Britain will end its VAT retail export scheme, which refunds a large part of the 20 percent VAT for purchases made by...

Exports of Swiss watches fell again in October compared with the same month of the previous year, although not quite as sharply as in...

Chinese consumers love Swiss watches but still show little interest in their own brands; this is slowly changing though, according to some experts: The...

The situation for Swiss watch manufacturers has improved after the coronavirus-related downturn in spring. In July, watch exports did not fall as sharply as...

Despite a strong increase in China, Swiss watch exports were down 35.1 percent in June. Entry-price watches suffered the most (down 48.1 percent), while...

Swiss watch factories reopen and the brands are rejoining the market, but it's unclear what the future has in store for them. Since the...

Due to the coronavirus, Chinese tourists stay away from Switzerland, which is particularly noticeable in the retail sector. Shops there are now reporting massive...

Swiss watch exports to Hong Kong plunged by about 30 percent, and are now behind the exports to Mainland China. Due to the protests,...