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Article: GOOD TIMING FOR LUXE WATCHES.
- Article from:
- WWD
- Article date:
- May 3, 2004
- Author:
CopyrightCOPYRIGHT 2004 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GENEVA -- Luxury is making a comeback, and nowhere does the sigh of relief seem as, well, mountainous as in Switzerland, the world's watchmaking hub.
Retailers and watchmakers that attended last month's Baselworld: The Watch & Jewelry Show, in Basel, and the Salon International de la Haute Horlogorie here were brimming with confidence after several challenging seasons. And that's news in itself. After all, the 2003 shows were marred by the economic slowdown, the war in Iraq, terrorism and SARS. Last year's outbreak of the epidemic in the Far East prompted the Swiss government to bar exhibitors from China, Singapore, Hong Kong and Vietnam, and 40 percent of U.S. ...