The Swiss watch industry is ticking along nicely, enjoying a period of renewed confidence thanks to buoyant demand for luxury timepieces in Asia, especially China.
There were lots of smiling faces in Geneva this week at the 21st Salon International de la Haute Horlogerie (SIHH) and the Geneva Time Exhibition, which features small independent brands.
“I feel much more confident and serene this year,” Fabienne Lupo, SIHH director, told swissinfo.ch.
2010 was a “spectacular” year for the Swiss watch industry with exports increasing by almost 30 per cent in November compared with the previous year, worth SFr14.6 billion ($15.1 billion). When December’s figures are released soon the total is expected to come close to the 2008 record – SFr17 billion.
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