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Jewelry

Swiss execs forecast difficult outlook for country’s watch industry: Deloitte

October 28, 2020

95 percent of all watches retailing at over $11,000 are produced in Switzerland. Image credit: Mr Porter

 

By Ellen Kelleher

Most Swiss industry executives are predicting a grim outlook in the near term for their country’s watch industry, particularly for smaller players, as the pandemic has taken a sharp toll on its fortunes, according to a new Deloitte study.

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