The high-end Swiss watch industry seems to be isolated from the economic storm.
Executives at the Baselworld watch fair in Basel, Switzerland, and the Salon International de la Haute Horlogerie show in Geneva said business remains red hot, thanks to thirsty luxury customers in emerging markets such as Russia and China. This high energy comes despite economic woes stemming from record-high energy prices around the world and a lagging U.S. market.
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