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Swiss watch exports rise 4.5% in November
Sales were dominated by gold and steel watches
By: Diamond World News Service
Jan 1 2013 10:27PM
Reference: 7515  


In November 2012, exports of Swiss watches rose 4.5 percent to $2.4 billion (2.2 billion Swiss francs), as noted by Federation of the Swiss Watch Industry, reports suggest. The value of exports was the highest-ever monthly value, reports add. The sales were mainly dominated by gold and steel watches.

Exports comprising watches worth less than 200 francs (export price) dropped 2.3 percent and was the only declining price segment observed. The watches between 200-500 francs noted the highest gain and the watch price segment 500 and 3,000 francs recorded e stagnant movement, while the price segment above 3,000 francs recorded increase of 6.2 percent.

The Federation noted that the Swiss watch exports in the first 11 months of 2012 rose 12.6 percent on y-o-y basis.

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