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Bloomberg Report on Basel 2011 - Watchmakers Reassess Growth Forecasts  0 Comments

Published Tuesday, April 19, 2011 by Harry SK Tan |

 

BLOOMBERG VIDEO REPORT

An interesting news report about the forecast of the Swiss luxury watch industry for 2011. Due to natural disasters in Japan and the middle east conflicts, the expected growth will not be as good as recent past.

Will the cooling effect on the industry result in a slowdown of the price inflation of Swiss luxury watches? I suspect not unless the downturn continues for an extended period causing retailers to provide higher levels of discounts to move their merchandise and continue a healthy turnover of goods and transactions. The brands may however plan to move the surplus watches into China - a market that currently has a voracious hunger for luxury goods with nouveau riche looking for jewelery to show off their wealth.

- HT

 

 




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