Luxury watches on the rise

The Federation of the Swiss Watch Industry (FH) has reported on its first half of the year figures and reveals an almost 12 percent growth…

The Federation of the Swiss Watch Industry (FH) has reported on its first half of the year figures and reveals an almost 12 percent growth in the value of exports compared to last year. Swiss watchmakers and their associated network of retail partners exported an impressive 11.9 billion Swiss francs. 

The biggest market was the United States, with China and Hong Kong close behind. The Australian market was 15th on the list of importers that had seen growth in Swiss luxury watch sales with a 1.4 percent increase on last year’s figures.

These numbers cover sales by LVMH, Swatch Group and Richemont—the Swiss watch industry’s trio of giants. Other major Swiss brands, such as Rolex, Patek Philippe, and Audemars Piguet are still privately owned and are under no obligation to report on finances. But each have indicated their own growth statistics, to the point where waiting lists now exist for luxury timepieces.

01 Rolex Oyster Perpetual GMT-Master II

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