Exports of Swiss watches ticked ahead nearly 14 percent in April, trade figures showed Tuesday, aided by strong demand from prime market Hong Kong. "After a relatively calm March, growth moved ahead strongly in April," the Federation of the Swiss Watch Industry said, noting exports for the first four months of the year rose 11 percent on the...
May 29, 2018
Swiss watchmaker Swatch said Friday that its profits rose in the first six months, but its performance was dampened by the strength of the Swiss franc. "The overvalued Swiss franc dampened growth in the first half of the year," Swatch said in its first half report. "As in the previous year, the first half of 2017 was characterised by worldwide...
Jul 21, 2017
The world's biggest watch fair will open in Switzerland this week, even as slumping exports of luxury Swiss timepieces appear to dash hopes of a market rebound. Global exports of Swiss watches slid 10 percent in February to 1.5 billion Swiss francs (1.5 billion dollars, 1.4 billion euros), the Federation of the Swiss Watch Industry (FHS) said...
Mar 22, 2017
A Swiss watchmaker on Thursday unveiled a one-million-euro "Swiss Mad" wristwatch with a case made of local winter cheese and a dial recalling the nation's distinctive red-and-white flag. The tongue-in-cheek edition by H.Moser targets new strictures on watchmakers using the "Swiss Made" label who now have to source 60 percent of the components...
Jan 12, 2017
A stainless steel Patek Philippe watch has sold for a record 11 million dollars (10.2 million euros) in Geneva, an auction house said Monday. The piece from the Swiss company's 1518 series sold on Saturday for 11,002,000 Swiss francs following a 13-minute bidding war, according to a statement from Phillips, a leading watch auction firm based in...
Nov 15, 2016
Global exports of Swiss watches plummeted in March, amid a dramatic contraction of sales in main markets Hong Kong and the United States. Exports fell 16.1 percent from March 2015 to 1.5 billion Swiss francs (1.5 billion US dollars, 1.4 billion euros), the Federation of the Swiss Watch Industry (FHS) said. In 2015, watch exports recorded their...
Apr 21, 2016
Swiss watch exports slumped in 2015, marking their first fall in six years, an industry body said Tuesday, as the key Hong Kong market tanked. After several years of record growth, exports last year fell by 3.3 percent to 21.5 billion francs (21.2 billion US dollars, 19.5 billion euros), the Federation of the Swiss Watch Industry (FHS) said. In...
Jan 27, 2016
The new head of Hermes Watches is hoping a more feminine touch, added with the fashion group's own in-house know-how, will help it navigate through the turbulence rocking the sector. Laurent Dordet, who took the helm of the watch division at the famous Paris fashion house last March, told AFP in an interview he wants to focus even more heavily...
Dec 2, 2015
Some one million fake Swiss watches were seized and destroyed around the world last year in the fight against counterfeiters, said the Swiss watch industry organisation on Thursday. The Swiss Watch Industry Federation (FHS), in cooperation with local authorities, lawyers, detectives and others worldwide, helped bring about the seizures of the...
Jun 27, 2014
