PARIS — Swiss watch exports fell 3.9 percent in May, sapped by a drop in sales of gold watches and an unfavorable comparison with the same period last year, the Federation of the Swiss Watch Industry reported on Thursday.
Foreign sales of Swiss timepieces reached 1.8 billion Swiss francs, or $1.93 billion, in the month, according to the federation. This followed increases of 5.7 percent in April and 0.6 percent in March.
Dollar figures are calculated at average exchange for the period to which they refer.
Growth in the first five months of the year totaled just 1.7 percent, reflecting a sharp slowdown in key markets like Hong Kong and China, where a government crackdown on corruption has dented sales of luxury timepieces.
The number of exported wristwatches fell 7.9 percent in relation to May 2012, due mainly to a 13.9 percent drop in the amount of gold watches. Over the first five months of the year, 840,000 fewer watches were exported, representing a drop of 7.3 percent, the federation noted.
Only timepieces costing between 200 and 500 francs, or $210 to $524, were exempt from the slide. Sales of watches costing less than 200 francs fell by 14.2 percent in volume terms. Meanwhile, exports of watches costing more than 3,000 francs, or $3,142, were down 4.1 percent, their first monthly decline in more than three years.
Hong Kong and China continued to report declining sales, with drops of 15.7 percent and 19.4 percent, respectively. Sales in the United States eased by 0.9 percent, while France posted a 14.7 percent decrease. Italy was up 4.7 percent, and Germany recorded a rise of 8.4 percent.
@beyonce chose a custom gown by @falgunishanepeacockindia for mother @mstinalawson 's second annual Wearable Art Gala last night. The gown, which took 10 days to make, was inspired by Nubian warrior queen Amanishakheto. Reporting by @hernameislex . #wwdeye 👑 🐝#beyonce
After dressing @justintimberlake for his Super Bowl halftime performance last month, @stellamccartney has designed the star’s "Man of the Woods" tour wardrobe. Timberlake will be wearing a mix of pieces from McCartney’s fall men's collection as well as custom designs and items from his own closet. #wwdfashion
@carmeloanthony is upping his fashion game once again, introducing a hat collection with @goorinbros. Called Fresh Greens by Melo x Goorin, the line consists of five unisex models, all of which are made in America from 100 percent wool. Each hat is lined with Anthony’s signature and the inscription “Knowledge of self, wisdom and understanding.” You can purchase the collection line at Goorin’s website as well as three off its stores in San Francisco, New York City and Las Vegas #wwdaccessories
“I am of tradition, but that doesn’t mean I have an old outlook on life,” Hubert de Givenchy told WWD in an interview in 1978. The legendary designer, who died last week at the age of 91, achieved wide success soon after launching his own couture boutique in the early ’50s, but he refused to pine for that time. For the first time since its original publication, read our interview with Givenchy on his awe for Audrey Hepburn and looking forward. Link in bio. #wwdarchives #fbf (📷: Pierre Schermann)
About last night: @alexachung and @supergausa toasted the launch of their capsule collection. “It’s the shape that I love, so rather than amend the last and make the sole crazy or do anything wild, we just did really subtle additions that I think make it look really luxe-y,” said Chung. #wwdfashion (📷: Marc Patrick)
Exclusive: @off____white’s @virgilabloh is launching an exclusive eyewear capsule collection @sunglasshut. The unisex collection, which is made up of three styles, first made its debut on the brand’s fall runway show in Paris. Get all the details on WWD.com – link in bio. #wwdnews #wwdfashion