Watches and Wonders: watch fair returns to Geneva under the shadow of the Ukrainian war

Watches and Wonders: watch fair returns to Geneva under the shadow of the Ukrainian war

Sumary of Watches and Wonders: watch fair returns to Geneva under the shadow of the Ukrainian war:

  • Continued large-scale lockdowns in China (one of the biggest markets for Swiss watches) have also cast a shadow over the industry and this week’s show.
  • In 2020, when exports fell by 21.8%, the Swiss watch industry saw a fantastic recovery last year.
  • After two years of pandemic and 100% digital editions, it was important to be able to bring together again the main actors of our industry.
  • Many retailers make an annual trip to Switzerland during the fair season to place orders for the year.
  • At first glance, the illegal (and brutal) invasion of Russia is unlikely to have much of an impact on the industry.
  • High-end watchmaking fairs have long been an event in Switzerland, where nearly 57,500 people work in the country’s world-renowned watchmaking industry.
  • Russia accounted for just 1.1% of Swiss watch exports last year, and several brands stopped their exports to the country even before luxury goods were included in European sanctions imposed during the war.

Want to know more click here go to news source.

From -

Close

Languages