By  on December 21, 2010

PARIS — Swiss watch exports jumped 29.7 percent in November to 1.8 billion Swiss francs, or $1.83 billion, despite a less favorable comparison base, fueled by continued strong Asian demand for luxury timepieces, the Federation of the Swiss Watch Industry said Tuesday.

Watch exports rose 21.8 percent between January and November to 14.6 billion Swiss francs, or $13.94 billion. Dollar figures are calculated at average exchange rates for the period in question.

Hong Kong, the largest market for Swiss timepieces, showed an outstanding performance in the month, up 71.2 percent, absorbing 20 percent of total Swiss watch exports. Overall, there was strong demand for watches priced at more than 3,000 Swiss francs, or $3,050, which showed a monthly rise of more than 40 percent, the federation noted.

 

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