Swiss watch exports drop in February on weak demand in China, US
Despite strong gold prices, precious metal watches outperformed steel models, offering some resilience in an otherwise declining Swiss watch export market.
Visitors view the Rolex's stand at the ‘Watches and Wonders’ fair in Geneva, on April 9, 2024. Swiss watch exports declined 8.2% in February, with luxury brands like Rolex, Patek Philippe, and Audemars Piguet facing weakened demand in China and the U.S. Image: Getty Images
Visitors view the Rolex's stand at the ‘Watches and Wonders’ fair in Geneva, on April 9, 2024. Swiss watch exports declined 8.2% in February, with luxury brands like Rolex, Patek Philippe, and Audemars Piguet facing weakened demand in China and the U.S. Image: Getty Images