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Wednesday, 26th October 2005 (5817 views)

Swiss watch exports in September were given a boost by strong sales of 18-carat gold watches, which rose nearly 11 per cent.

The Federation of the Swiss Watch Industry's most recent report shows that the market for Swiss watches is booming, with a ten per cent rise in exports last month.

The value of exports of 18-carat gold watches rose 10.8 per cent, contributing "significantly", the federation said, to the total rise in value of finished watch exports of 10.3 per cent.

In total, the Swiss watch export market brought in 1.0437 billion Swiss francs in September.

Helvea analyst Alessandro Migliornini was quoted by Reuters as saying that the figures gave "quantitative evidence" for the "strong optimism" of most watch manufacturers in Switzerland.

The US is the biggest market for Swiss watches, with Hong Kong and Japan also high contenders. Meanwhile the three main European markets for Swiss watches, Italy, France and Germany, ensured that demand for luxury pieces was still strong.

 

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