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Swiss watch exports jump to highest since 2014 as industry booms

The Straits Times LogoThe Straits Times1 mo ago

Swiss watch exports jump to highest since 2014 as industry booms - The Straits Times

Quick Summary:

August 18, 2022 3:48 PM - Exports rose 8.3 per cent in July to 2.2 billion Swiss francs (S$3.2 billion) compared with the same month in 2021.

Exports to the United States increased 13.5 per cent from the year before.

Demand for luxury watches has been soaring after many cash-flush consumers discovered Swiss brands from Rolex to Audemars Piguet and Patek Philippe while stuck at home during the pandemic.


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Article Details

Category: Economy

Topics: Francs July Value Exports Month 2021 Swiss Watches Cent Watch Rose

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-18, 15:48:48

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 3 minutes read

Article Length: 416 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 147621

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About The Straits Times

The Straits Times Logo

Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 15 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #25

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