Ok. So they’re exporting $4.34 billion in watches. I would say 5% of those are the $10K-$40K range and 1% are the JLC Monsters in the $40K+ range. The real Sultan of Burundi watches. So what rarities are really moving out the door? $4K Rolexen and $1-9K everybody else including Omega, Panerai, etc.
Ladies and gentlemen… when we buy expensive watches, we are buying something as mass-produced as an iPod. I agree that even the iPods are elegant and beautiful, but I’m wondering how many of us are buying as an investment? Generally, I would rethink that strategy.
The Federation of the Swiss Watch Industry (FH) announced that the value of Swiss watches exported for the first six months of this year topped $4.34 billion, rising 11 percent over the same period last year and exceeding forecasts.
Finished watches constituted the bulk of that growth, FH reports. The value of finished Swiss watch exports reached $3.95 billion for the six-month period, growing 12.3 percent compared to the same period in 2004.
Check out the article here.
Thank you for reading this WristWatchReview post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
WristWatchReview is one of the few remaining truly independent watch news outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent watch sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis. We don't play the games the other sites play and we've paid for it when it comes to ad revenue.
We would love for you to support us on Patreon and every little bit helps. Thank you.
–The WWR Team