Dollar’s Weakness Hits Americans

With the dollar continuing to sink against the euro, BaselWorld 2005 was no bargain for American buyers. The European pavilions were conspicuously slower than the generally mobbed buildings for Asian, Indian, Turkish, and other national delegations. European designers responded to the dollar/euro situation either by bringing labor costs down or adjusting their designs to use fewer stones, less metal, or alternative materials. Others had wisely hedged against a currency fluctuation, although this only worked until inventory ran out. The currency issue was of less concern on the higher end. Quite a few European manufacturers said that while the American market is tough right now, there's a tremendous emerging market in both Eastern Europe and non-Japanese Asia, and strong buying from both has helped to offset losses of American business. There was no one single overriding trend. Colo

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