Switzerland exported timepieces worth CHF25 billion ($27 billion) last year and the first two months of 2023 have seen numbers increase 11%.
The Federation of the Swiss Watch Industry is hoping for a bumper year as China opens up from Covid-19 pandemic lockdowns.
Nearly fifty watchmakers unveiled their new timepieces at Watches and WondersExternal link. The fair, which used to be the SIHH, aims to bring together major watch brands such as Rolex, Patek Philippe, Cartier and TAG Heuer, and attracts journalists from all over the world.
Swiss bank vaults swell from geopolitical tensions
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Assets managed by Swiss banks reached record levels in 2024, fuelled by an influx of foreign clients escaping geopolitical uncertainties.
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Watches and Wonders: Geneva event emerges as leading global watch salon
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Support generated by the fair within the watch community is essential, says Serge Maillard, editor of the specialist watch magazine Europa Star.
How Russian sanctions are permeating Switzerland’s luxury sanctum
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Sanctions against Russian assets abroad have resulted in a cat-and-mouse game in Switzerland between regulators and oligarchs.
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If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.