The return of Watches & Wonders to Geneva disturbed by Ukraine and lockdown in China

The return of Watches & Wonders to Geneva disturbed by Ukraine and lockdown in China

Sumary of The return of Watches & Wonders to Geneva disturbed by Ukraine and lockdown in China:

  • But in the digital age, this fair is also becoming a valuable communication tool to reach watchmaking enthusiasts on social networks, with many videos and online presentations being shown during the event.
  • After two years of pandemic and 100% remote editions, it was important to be able to reunite the main players in our industry, he added.
  • Italian version of Text size Italian version of The Haute Horlogerie Fair returned to Geneva this Wednesday, but the ongoing conflict in Ukraine and the new lockdowns in China have cast a shadow over this long-awaited event after two years of pandemic.
  • For example, Jon Cox, an analyst at Kepler Cheuvreux, expected watch exports to grow by 8% at the beginning of the year, but has reduced the estimate to 5% for the time being.
  • After a 21.8% decline in 2020, Swiss watch exports rebounded up to + 31.2% in 2021, according to customs, surpassing the pre-pandemic level, but also their all-time high The new lockdowns in China, one of the largest markets for Swiss watchmaking, adds a further shadow to the picture.
  • The show, called Watches & Wonders, is an important event for this sector, which employs 57,491 people in Switzerland, according to data for 2021 from the assembly of employers of the watch industry.

Want to know more click here go to news source.

From -

Close

Languages