The Swiss watch industry continues to tick over, only occasionally disturbed by the boom of the counterfeit market.This content was published on August 9, 2006 - 09:59
That Switzerland is the home of watchmaking is an established fact. Its origins stretch back four centuries, and Swiss watches account for half the world market in terms of value. The industry continues to tick over, only occasionally disturbed by the boom of the counterfeit market. But Swiss watchmakers could lose some know-how to competitors in Asia because of their mistakes.
95% of Swiss watch production is for the export market.
25 million Swiss made watches were assembled in 2005. At the same time, over 40 million were produced.