Swiss Watch Trade Sees 12th Month of Decline

Longines,Watch

Swiss watch exports fell 11% year on year to CHF 1.59 billion ($1.78 billion) in January, the 12th consecutive monthly drop, as demand slowed in the US and in key Asian markets. Shipments to the US declined 11% to CHF 183.3 million ($204.5 million), partly because strong figures in January 2020 created an unfavorable comparison, … Read more

Swiss Watch Exports Down 81% in April

Swiss Watches

Swiss watch exports plunged in April as coronavirus lockdowns brought the entire supply chain to a near halt. “Swiss watch exports were extremely low in April as a direct result of the standstill in production, distribution and sales, causing them to collapse,” the Federation of the Swiss Watch Industry reported Tuesday. Shipments slid 81% to … Read more

Cartier Sues Alleged Counterfeiter

Cartier love bracelet

Cartier and Van Cleef & Arpels have filed a lawsuit against a Florida jeweler, claiming willful infringement on a number of the luxury jewelers’ famous trademarked collections. Scott King Inc., registered for business as Florida Diamond Brokers and King Jewelers, allegedly sold imitations of jewelry belonging to the Richemont-owned divisions, the May 6 suit, filed … Read more