Swiss Watch Exports at Near-Record Levels as Industry Booms
- Bumper figures are a surprise, says Vontobel analyst
- Demand for ultra high- and low-end watches soars, data show
Swiss watch exports rose again in July, increasing to near record levels and notching their highest value in eight years as demand for pricey Rolex, Omega and Vacheron Constantin timepieces booms.
Exports rose 8.3% in July compared to the same month in 2021 to 2.2 billion Swiss francs ($2.3 billion), the Federation of the Swiss Watch Industry said Thursday.