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Swiss Watch Shipments Approach 35-Year Low

  • Slump in lower-end timepieces weighs on exports by volume
  • Such low levels last seen in the tail-end of the quartz crisis
Watches of Switzerland Ltd. Considers IPO
Photographer: Simon Dawson/Bloomberg

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Switzerland is on track to export fewer watches than it has in any year since 1984 as demand for low-end timepieces plunges and the industry increasingly focuses on reselling secondhand Rolexes and Patek Philippes.