By  on October 21, 2010

PARIS — Swiss watch exports continued their double-digit growth in September, rising 25.5 percent to 1.4 billion Swiss francs, or $1.39 billion, boosted by sales of gold and steel timepieces, the Federation of the Swiss Watch Industry said.

"After nine months, the sector has once more confirmed its clearly positive trend and even picked up the pace slightly," the federation said.

Watch exports rose 20.8 percent between January and September to 11.3 billion Swiss francs, or $10.61 billion. Dollar figures are calculated at average exchange rates for the period in question.

Hong Kong, the largest market for Swiss timepieces, remained the growth leader with an increase of 50.3 percent, while France emerged as the top European market with a 44.3 percent jump.

Italy logged a 4.6 percent gain while Germany recorded a 10 percent drop in sales, the federation said.

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