By  on September 21, 2017

PARIS — Exports of Swiss watches rose 4.2 percent in August, with growth spurred by pricey timepieces, the Federation of the Swiss Watch Industry said on Thursday.

Sales of Swiss watches totaled 1.42 billion Swiss francs, or $1.44 billion, with timepieces priced at more than 3,000 francs increasing the fastest, rising 6.8 percent. Sales of less expensive watches fell, however, with the steepest drop, of 5.7 percent, coming from timepieces at below 200 Swiss francs. This decline came at a slower rate than in previous months, the federation noted.

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