By  on February 7, 2012

PARIS — Swatch Group said net profit rose 18.1 percent in 2011 as the world’s largest watchmaker posted record results, and the trend continued in January with double-digit growth in the watches and jewelry segment.

The parent of brands including Omega, Breguet, Blancpain and Swatch said net profit last year rose to 1.2 billion Swiss francs, or $1.4 billion, despite a strong Swiss franc and a sharp rise in the price of gold and diamonds.

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