By  on December 1, 2008

PARIS — As economies nosedive and stock markets crumble, major watch brands are hoping their most expensive collectable pieces will help cushion the financial blow.

Executives are counting on the top end to drive business, as the truly rich prove less affected by recession than middle-class buyers. The same is not expected for the $3,000 to $5,000 segment, which executives expect to suffer the most. Already signs of that segment’s ill health have started to accumulate.

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