skip to main content
the israel diamond industry logo

Swiss Watch Exports Soar in July 2021

After a stagnate half year, there was a "marked recovery" in watch exports in July
Luxury Gold Watches
Credit: Creative Lab / shutterstock.com

Figures released by the Federation of the Swiss Watch Industry show a “marked recovery” in watch exports in July, “following a first half of the year that was practically identical to the period before the COVID-19 crisis.”

 

tag heuer jewelry watch
Credit: Iris Hortman

 

Exports of Swiss watches rose 29.1% compared to July 2019 figures, “driven almost exclusively by very strong performance in China”, the Federation said. There was an increase of 7.6% compared with July 2020.

 

The Federation noted “very strong growth” in the US (+48.5% compared with 2019), making it the leading market in July. The rise was “probably buoyed by domestic consumption of some items that would have been purchased abroad before the crisis.”

 

hublot luxury watch store
Credit: Iris Hortman

 

China continued to “perform strongly” (+ 75% compared with 2019) while other main Asian markets, such as Hong Kong (-24.8%), Japan (-4.1%) and Singapore (-3.4%) declined. The United Kingdom (+12.4%), France (+10.2%) and Germany (+5%) returned to growth, while Italy (-24.2%) “fell back sharply after a strong month in June.”



Tags: Diamonds News, Jewelry News, Watches News

More News