The latest watch
exports news from Switzerland is showing a massive drop in figures. The watch
industry is facing a slump as shipments fell by almost 9% in the first quarter
of 2016. Exports are declining at an alarming rate as the demand for Rolex,
Cartier and Omega the key brands driving Swiss made watches in Asia and other
parts of the world is becoming sluggish.
The trend is across
the board and there are many factors for Hong Kong {which was rated as the
watch capital of the world for registering high sales of luxury branded watches
year upon year} has slipped due to downturn in China's economy. Closer, in
Europe with Brexit and terror uncertainty in France and Germany business in the
EU is facing serious issues. The result is watchmakers in Switzerland are
re-negotiating job cuts with major brands and massive management shake ups. The
one redeeming feature of the watch industry is Glassehutte in East Germany,
which continues to hire quality people and produce top of the line luxury watches with exports touching the half billion euro mark..
In all these
downturns, the watchmakers and horologists who repair, service and restore are
not as troubled as the business is witnessing steady growth. After all manual
watches need servicing at least once in 3 to 4 years and people have a fortune
on their wrists turn to reputed watch service people like Perpetual Time in
England to handle the elegant timepieces. Whether it is a Piaget or a Vacheron
or even the fabled A. Lange Sohne, Perpetual Time have the skill and
reputation. Countless are the Perpetual Time reviews who
have thanked them for the professionalism and care they bestow on the
magnificent beauties that adorn the wrists of men and women.
Related Source: https://perpetualtimereviews.wordpress.com/2016/09/14/watch-restorers-are-the-true-keepers-of-time/
No comments:
Post a Comment