PARIS — Swiss watch exports rose 18.6 percent in October to reach an all-time monthly high in value terms. The gains were powered by strong demand for higher-priced timepieces, in particular those made of gold.
Foreign sales of Swiss watches totaled 1.87 billion Swiss francs, or $2.08 billion at average exchange rates for the period, the Federation of the Swiss Watch Industry said.
Sales in China leapt 67.8 percent in the month, while Germany recorded a 36.4 percent jump and Italy a 36 percent rise. The United States lost ground, with an increase of just 8.2 percent, though it remained within the global average trend for the January to October period.
In terms of price categories, timepieces costing more than 3,000 francs, or $3,344, posted the highest rate of growth, up 24.9 percent.