Watch exports reached the equivalent of 10.7 billion Swiss francs during the first half of the year, an increase of 1.4%. While performance improved by +2.9% in the first quarter, the second three months of the year suffered from the sharp decline in June, causing results to stagnate.
Ulysse Nardin has a new “Ulysses” onboard. Dan Lenard, co-founder of the re-nowned Italian yacht design firm Nuvolari-Lenard, departed on his daring adventure. Ulysse Nardin presented as one of the main sponsors. Dan’s company specializes in the design of yachts for both private clients and shipyards. Based near Venice, the studio has created some of the world’s most ac-claimed superyachts, winning every major award and becoming both prolific and highly sought-after yacht designers.
On 18th March, on the invitation by Julien Tornare, CEO of ZENITH, Eason Chan, who has travelled half the globe to Switzerland, paid a visit to Zenith manufactory in Le Locle. Eason Chan stopped over at the brand’s famous “cabin” and took a look at the tools that were used to make the first El Primero half a century ago. He went on to get his hands on and tried assembling part of a movement.
Curated by Germano Celant, a major survey spanning one decade of the artist’s studio practice, took place at PMQ, 35 Aberdeen Street, Central, Hong Kong, from 25th March to 14th April 2019. Featuring works from 2008 to the present, this comprehensive solo exhibition displayed pieces that have never been presented in Hong Kong before. Curated thematically and chronologically, the survey included some of the artist’s most iconic characters such as the CHUM and COMPANION series as well as his more recent cycle of works titled YOU.
The strong results posted throughout the first six months of the year enabled Swiss watch industry exports to pass the 10 billion francs mark at the end of the first half; that had no longer been the case since 2015. With 10.5% growth over the first half of 2017, they reached 10.5 billion francs, i.e. one billion more than at the same time last year. This was the strongest half-yearly rise since 2012.
The situation of Swiss watch industry exports improved steadily in the course of 2017. After declining for two years and reaching a new threshold, demand gradually picked up again. On the distribution side, a presumably tighter stock level was another factor conducive to recovery. A growing number of markets returned to growth, but several of them are still lagging behind.
Swiss watches enjoy an unrivalled worldwide reputation.
The Swiss watch industry has decided to strengthen the criteria of the Swiss made label.
Buying or selling counterfeit products undermines know-how, finances organised crime, and threatens jobs and innovation.