Interest in luxury watch brands sees continued growth

SIHH 2013

GENEVA, SWITZERLAND – Luxury watch brands continue to fuel growing interest, as measured by internet searches worldwide. Searches in 20 markets grew for a third consecutive year in 2012, up seven percent according to a preview of the World Watch Report released Tuesday 22 January. The figures were issued to coincide with the International Luxury […]

When Harry meets Hayek

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Two companies exploring option of joint diamond polishing venture GENEVA, SWITZERLAND – American jewelry firm Harry Winston, whose diamonds have long been popular with celebrities, will have a new owner, Swatch, once the authorities clear the US$750 million deal. Swatch, the world’s top finished watchmaker in terms of sales, will take over the 535 employees […]

Watch sales strong at Swatch

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GENEVA, SWITZERLAND – Swatch Group sales remained strong in 2012, the company said Thursday 10 January, with turnover up by CHF1 billion, a 14 percent increase for a total of CHF8,143b. The lion’s share of turnover is in the watches and jewelry sector, which saw 15.6 percent growth. “Good operating profit and net income [are] […]

“Made in Switzerland”: at least 80%

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BERN, SWITZERLAND – Both houses of parliament are now backing legislation to strengthen the label “made in Switzerland”, after the upper house agreed Monday 10 December to require 80 percent of raw materials to be from Switzerland in food products and 50 percent of total production costs for industrial products. The Federal Council has been […]

‘Tis the season for mega-sales of diamonds and watches

The Archduke Joseph Diamond ©Tony Falcone

GENEVA, SWITZERLAND – Geneva is hosting auction houses’ annual November watch and diamond sales, with the highlight likely to be the Archduke Joseph diamond auction Tuesday 13 November, starting at 19:00 at the Hotel des Bergues. The diamond’s historic and gem purity value has its estimated sales price at CHF15 million, a figure given out […]

Best of the pricey baubles – what a week in Geneva!

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GENEVA, SWITZERLAND – Going, going, gone! For CHF11.28 million, the world’s “largest known pear-shaped fancy vivid yellow diamond”, a rarity for colour at its size and a newcomer on the market, went to an individual who wishes to remain anonymous, says Sotheby’s. The diamond was the hottest item in the auction house’s semi-annual Geneva fine […]

Swiss-Indian trade shows “fulgarant” growth, says Bern

BERN, SWITZERLAND – Trade between India and Switzerland, currently negotiating a bilateral free trade treaty, has grown at a “fulgerant” rate in the past 20 years, the Swiss Customs Office says. Exports from Switzerland to India grew by 18 percent in the first nine months of 2011 and have now crossed the threshold of CHF3 […]

Geneva sets out a menu of watches, jewels and fine wine

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Geneva, Switzerland (GenevaLunch) – This is a week where spending your spare millions will be very easy in Geneva, the week when auctions are offering rare watches, an extraordinary emerald tiara and a bottle of Château Lafite-Rothschild, vintage 1887, Pauillac, 1er cru classé that would make grandfather sit up in his grave and ask for […]

Diamond thieves mar Baselworld show

Basel, Switzerland (GenevaLunch) – A group of what police are calling highly professional thieves stole four diamonds from a stand at the Basel watch and jewelry fair Wednesday 30 March. The gang of possibly five got away despite the alert being raised quickly and the hall being sealed off within minutes to prevent them from […]

Swiss chocolate, watches, fragrances: outlook good despite strong franc

The Tristan chocolate, a Swiss delight

Swiss cut back on imported chocolate but eat a little more Swiss chocolate: 12 kg per person Zurich, Switzerland (GenevaLunch) – Key companies in three Swiss industries whose business is linked to the country’s reputation, have noted, noted Tuesday 8 February that while the strong franc has not helped them, they are upbeat about the […]