By  on July 21, 2009

PARIS — Exports of Swiss watches fell 31.9 percent in June, the steepest decline since the beginning of the year, reflecting wilting demand for expensive timepieces amid the economic crisis.

In the first half of 2009, total watch exports showed a 26.4 percent drop, totaling 6.1 billion francs, or $5.7 billion at average exchange rates.

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