Andrea Felsted, Columnist

The Fickle Glow of Swiss Bling

Timepiece makers' valuations are getting blindingly expensive.
RICHARD JUILLIART/AFP/Getty Images
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Swiss watch sales are finally shining like a diamond-encrusted timepiece. But don't get carried away thinking the sparkle is assured.

After a decline in April, exports have risen for each of the past three months, according to the Federation of the Swiss Watch Industry. Even exports to the U.S. registered growth in July.