Make me your Homepage
left corner left corner
China Daily Website

Chinese demand keeps watchmakers ticking in Lucerne

Updated: 2012-12-31 04:48
By Bloomberg News in Geneva ( China Daily)

Chinese demand keeps watchmakers ticking in Lucerne

A Longines booth at a recent watch and jewelry show in Switzerland. Switzerland's watchmakers sold fewer watches to foreign customers this year as lower demand in Asia led to the first decline after 32 months of growth, the Federation of the Swiss Watch Industry said in October. Swiss watch exports to China plummeted almost 28 percent in September, while sales in the major re-selling hub in Hong Kong dropped nearly 20 per cent. Provided to China Daily

Even before the Christmas tree went up at 124-year-old Bucherer AG in the lakeside town of Lucerne, the Swiss watch boutique was already planning decorations for the year of the snake.

Chinese demand keeps watchmakers ticking in Lucerne

...