Swiss Exports, Swatch Group Set New Records

The value of Swiss watch exports in 2005 topped $9.3 billion, a new record for the Swiss watch industry and 10.9 percent higher than 2004 figures, said a report by the Federation of the Swiss Watch Industry FH. Exports to the U.S. market, the top market for Swiss watches, rose 14.1 percent to $1.6 billion. Swatch Group, the world’s largest watchmaker, said its total 2005 sales rose 8.3 percent to a record $3.5 billion. Both said their record results were driven by demand for luxury timepieces, despite unfavorable economic conditions, especially in Europe. Boosting the Swiss industry’s year-end results was a 23.1 percent rise in December to $927.2 million. The Federation expects 2006 results to top 2005’s by as much as 6 percent. For Swatch Group, sales in its watch and jewelry division rose 9.4 percent. The luxury segment, particularly the Blancpain, Breguet, and Jaquet Droz
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out