{"id":32680,"date":"2025-05-12T09:17:22","date_gmt":"2025-05-12T07:17:22","guid":{"rendered":"https:\/\/xoinvestments.ch\/?p=32680"},"modified":"2025-05-13T12:26:39","modified_gmt":"2025-05-13T10:26:39","slug":"the-language-of-the-world-and-the-world-of-languages-2","status":"publish","type":"post","link":"https:\/\/xoinvestments.ch\/en\/actualites\/the-language-of-the-world-and-the-world-of-languages-2\/","title":{"rendered":"Swiss watchmaking"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"32680\" class=\"elementor elementor-32680 elementor-32679\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4c595ff elementor-section-full_width elementor-section-height-min-height pbmit-col-stretched-none pbmit-cursor-color-blackish-color pbmit-bg-color-over-image elementor-section-height-default elementor-section-items-middle\" data-id=\"4c595ff\" 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data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5b8cb75 pbmit-bg-color-over-image\" data-id=\"5b8cb75\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5bb3ae6 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5bb3ae6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-47a28e8 pbmit-bg-color-over-image\" data-id=\"47a28e8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bdfd794 elementor-widget elementor-widget-text-editor\" data-id=\"bdfd794\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>XO INVESTMENTS&#8217; services for private clients range from wealth management to pension advice.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c6760e4 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"c6760e4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div 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0 19 19\" xml:space=\"preserve\">  <line x1=\"1\" y1=\"18\" x2=\"17.8\" y2=\"1.2\"><\/line>  <line x1=\"1.2\" y1=\"1\" x2=\"18\" y2=\"1\"><\/line>  <line x1=\"18\" y1=\"17.8\" x2=\"18\" y2=\"1\"><\/line><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Back to blog posts<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-bb9af50 pbmit-bg-color-over-image\" data-id=\"bb9af50\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cd7b22e pbmit-btn-shape-rounded elementor-align-left pbmit-btn-color-white pbmit-btn-hover-color-blackish pbmit-btn-style-flat 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posts<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-82ffc4f pbmit-col-stretched-none pbmit-cursor-color-blackish-color pbmit-bg-color-over-image elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"82ffc4f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d3eeb96 pbmit-bg-color-over-image\" data-id=\"d3eeb96\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5f7a55b pbmit-col-stretched-none pbmit-cursor-color-blackish-color pbmit-bg-color-over-image elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f7a55b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-ea0dcbf pbmit-bg-color-over-image\" data-id=\"ea0dcbf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6edc1bc pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"6edc1bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h4 class=\"pbmit-element-subtitle\"><span>\r\n\t\t\t<\/span>\r\n\t\t\t\r\n\t\t\t\tMay\r\n\t\t\t\r\n\t\t\t<\/h4>\r\n\t\t<h1 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tSwiss watchmaking\n\r\n\t\t\t\r\n\t\t\t<\/h1>\r\n\t\t<div class=\"pbmit-heading-desc\">The potential introduction of customs duties on Swiss watches has raised fears of a slowdown for Swiss watchmakers, whose biggest market is the United States.<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d93635 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"5d93635\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tWatches and Wonders\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b224f9b elementor-widget elementor-widget-text-editor\" data-id=\"3b224f9b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Switzerland, the cradle of watchmaking, organises its \u2018Watches and Wonders\u2019 Fine Watchmaking Fair in Geneva every April. The watch brands present unveil their new products, and it&#8217;s a chance for them to meet all their professional customers in the space of a few days. Unfortunately, the surprises were not confined to the show floor this year, as Donald Trump&#8217;s decision to raise export taxes on Swiss timepieces (+31%) has led the sector to fear a slowdown in a context that is already tense due to the difficulties in the Chinese market.  <\/p><p>With more than 65,000 jobs, the watch industry is the country&#8217;s <sup>3rd<\/sup> largest export sector, behind the chemical and machinery industries. The cantons of Neuch\u00e2tel, Berne and Geneva account for more than half of these jobs. Watch exports slowed by 2.8% in 2024, with an export value of more than CHF 25 billion. Switzerland accounts for only a fraction of the wristwatches sold in the world, but the largest in terms of value.   <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f8a6f0 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"9f8a6f0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tSwiss watch exports (CHF billion)\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d10eab pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"7d10eab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"494\" height=\"315\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-1.jpg\" class=\"attachment-full size-full wp-image-32686\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-1.jpg 494w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-1-300x191.jpg 300w\" sizes=\"(max-width: 494px) 100vw, 494px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf29c10 elementor-widget elementor-widget-text-editor\" data-id=\"cf29c10\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Given the importance of the American market to Swiss watchmakers, it is easy to understand their concern at Donald Trump&#8217;s decisions. With 17% of the market, the United States is ahead of China and Hong Kong. Japan is one of the top three export markets for Swiss watches. The leading European country is Great Britain, followed by France.   <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-601daa1 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"601daa1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tExport markets by value, 2024\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dde8938 pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"dde8938\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"492\" height=\"392\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-2.jpg\" class=\"attachment-full size-full wp-image-32688\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-2.jpg 492w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-2-300x239.jpg 300w\" sizes=\"(max-width: 492px) 100vw, 492px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df45eb0 elementor-widget elementor-widget-text-editor\" data-id=\"df45eb0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Over the last 25 years, Europe has seen its share of watch exports fall, to the benefit of the Middle East and Asia.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28c5018 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"28c5018\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tGrowth in market share\n\n\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e638dd8 pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"e638dd8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"493\" height=\"347\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-3.jpg\" class=\"attachment-full size-full wp-image-32690\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-3.jpg 493w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-3-300x211.jpg 300w\" sizes=\"(max-width: 493px) 100vw, 493px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d78e55 elementor-widget elementor-widget-text-editor\" data-id=\"7d78e55\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The decline in export figures between 2024 and 2022 is mainly due to China, which is down by more than 20%. This contraction is partly attributable to economic uncertainty in the Middle Kingdom and its impact on consumer behaviour. The United States has posted growth of more than 10% over the last two years, which is remarkable for a market of this size. Finally, India, which has just signed a free trade agreement with Switzerland and is negotiating special conditions for the watch market, is opening up new prospects for the sector.   <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b5cba7 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"3b5cba7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tGrowth in export markets between 2022 and 2024\n\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49bf5b4 pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"49bf5b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"493\" height=\"673\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-4.jpg\" class=\"attachment-full size-full wp-image-32695\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-4.jpg 493w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-4-220x300.jpg 220w\" sizes=\"(max-width: 493px) 100vw, 493px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49c099c pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"49c099c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tLuxury online\n\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8b7ed2f elementor-widget elementor-widget-text-editor\" data-id=\"8b7ed2f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Swiss watchmaking export market is not an industrial market but a luxury market. 2\/3 of the market in terms of export volume concerns timepieces priced at more than CHF 3,000. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9edf40 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"e9edf40\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tType of watches by number of pieces\n\n\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a56aa39 pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"a56aa39\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"346\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-5.jpg\" class=\"attachment-full size-full wp-image-32700\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-5.jpg 497w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-5-300x209.jpg 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-adde12c elementor-widget elementor-widget-text-editor\" data-id=\"adde12c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Although 55% of exported watches are produced in steel versions, in terms of value it is watches using precious metals that account for almost 40% of the export value.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64d188c pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"64d188c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tType of watches by value\n\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-84dbafa pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"84dbafa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"494\" height=\"349\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-6.jpg\" class=\"attachment-full size-full wp-image-32702\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-6.jpg 494w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-6-300x212.jpg 300w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-6-324x230.jpg 324w\" sizes=\"(max-width: 494px) 100vw, 494px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a0e4223 elementor-widget elementor-widget-text-editor\" data-id=\"a0e4223\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Despite its status as a luxury product, the way it is marketed is gradually changing over the generations. Younger generations (generation Z, for example) are turning away from physical shops, which are still widely present in major urban centres, to buy from the brands&#8217; own websites. Brands must therefore adapt and become more present for these generations on such media.  <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3857a7c pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"3857a7c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tBuying Behaviour\n\n\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5633eae pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"5633eae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"495\" height=\"356\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-7.jpg\" class=\"attachment-full size-full wp-image-32704\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-7.jpg 495w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-7-300x216.jpg 300w\" sizes=\"(max-width: 495px) 100vw, 495px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1602309 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"1602309\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tRolex and others\n\n\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5353f3c elementor-widget elementor-widget-text-editor\" data-id=\"5353f3c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Swiss watch market is outrageously dominated by the giant from Biel and Geneva: Rolex. With an annual export value of over \u20ac10 billion, Rolex accounts for 30% of the market. Rolex is ahead of the Richemont group, which includes the second-largest Swiss watchmaker (Cartier), followed by Swatch, with Omega as its leading brand. LVMH is only in <sup>3rd<\/sup> place. The world leader in luxury can currently count on only 6 watch brands, none of which has sales in excess of CHF 1 billion, a club reserved for just 7 brands.    <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-10334ba pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"10334ba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tSwiss watch sales 2024 (CHF million)\n\n\n\n\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a76512d pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"a76512d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"457\" height=\"1038\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-tableau.jpg\" class=\"attachment-full size-full wp-image-32742\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-tableau.jpg 457w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-tableau-132x300.jpg 132w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-tableau-451x1024.jpg 451w\" sizes=\"(max-width: 457px) 100vw, 457px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38335cd elementor-widget elementor-widget-text-editor\" data-id=\"38335cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Many brands remain independent in a highly competitive market, requiring considerable marketing efforts. There is no doubt that the market will continue to concentrate in the years to come, as crises arise. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93a1bd5 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"93a1bd5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tSwiss watch sales 2024 groups\n\n\n\n\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7411a9e pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"7411a9e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"497\" height=\"323\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-9.jpg\" class=\"attachment-full size-full wp-image-32711\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-9.jpg 497w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-9-300x195.jpg 300w\" sizes=\"(max-width: 497px) 100vw, 497px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6456ab6 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"6456ab6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tWatch indices\n\n\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67f259d elementor-widget elementor-widget-text-editor\" data-id=\"67f259d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Financial markets traditionally represent a financial translation of a sector&#8217;s performance. Certain indices, for example, provide a visual indication of the watch industry&#8217;s stock market, and therefore financial, performance. This is the case of the BI Global Luxury Jewellery and Watches index, which includes Richemont (14%) and Swatch (7%). This index shows a very large fall in watchmaking stocks, in the same way as shares in the luxury sector as a whole (Herm\u00e8s, LVMH, etc.)..   <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85cfb53 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"85cfb53\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tIndice BI Global Luxury Jewelery and Watches competitive Peers\n\n\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de92bfb pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"de92bfb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"493\" height=\"316\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-10.jpg\" class=\"attachment-full size-full wp-image-32713\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-10.jpg 493w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-10-300x192.jpg 300w\" sizes=\"(max-width: 493px) 100vw, 493px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7db8359 elementor-widget elementor-widget-text-editor\" data-id=\"7db8359\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Nevertheless, indices more specific than stock market indices have been created for the watch industry: indices calculating the average price on the secondary market. The Rolex index is the most widely used. It groups together the brand&#8217;s 30 best models and tracks changes in transaction prices on the secondary market to determine changes in the value of the brand and its appeal to consumers. This is almost like a \u201cbrand awareness\u201d index. As Rolex is not listed on the stock market, this is the only indication available to measure changes in the share&#8217;s value.    <\/p><p>The Rolex Index is down 4.5% over the year, confirming the slowdown in the sector. Nevertheless, the value has remained relatively stable over time. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f25dff9 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"f25dff9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tRolex Index\n\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-21b14a8 pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"21b14a8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"495\" height=\"323\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-11.jpg\" class=\"attachment-full size-full wp-image-32718\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-11.jpg 495w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-11-300x196.jpg 300w\" sizes=\"(max-width: 495px) 100vw, 495px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0df76bc elementor-widget elementor-widget-text-editor\" data-id=\"0df76bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This calculation method is used for all brands by considering the 10 relevant models of each brand and analysing secondary market transaction prices. The overall market index uses 60 watches from the top 10 brands. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-773c267 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"773c267\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tWatch indices (1-year performance)\n\n\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49efa08 pbmit-animation-none elementor-widget elementor-widget-image\" data-id=\"49efa08\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"494\" height=\"718\" src=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-12.jpg\" class=\"attachment-full size-full wp-image-32723\" alt=\"\" srcset=\"https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-12.jpg 494w, https:\/\/xoinvestments.ch\/wp-content\/uploads\/2025\/05\/Graph-12-206x300.jpg 206w\" sizes=\"(max-width: 494px) 100vw, 494px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3cd6b86 elementor-widget elementor-widget-text-editor\" data-id=\"3cd6b86\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This makes it easy to compare brands and groups. The current slowdown is far from uniform. While Rolex and Cartier are holding up very well, other brands are struggling. These indicators point to a form of temporary \u2018disinterest\u2019 on the part of secondary market buyers. The more resilient a brand is in this area, the stronger it will be. Watches worth more than USD 1,000 are showing the smallest price reductions. The \u2018USD 2,000 to USD 5,000\u2019 range is even unchanged.      <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6500da3 pbmit-align-left elementor-widget elementor-widget-pbmit_heading\" data-id=\"6500da3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pbmit_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<div class=\"pbmit-heading-subheading pbmit-reverse-heading-yes animation-style2\"><h2 class=\"pbmit-element-title\">\r\n\t\t\t\r\n\t\t\t\tLuxury challenge\n\n\n\n\n\n\r\n\t\t\t\r\n\t\t\t<\/h2>\r\n\t\t<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3950827 elementor-widget elementor-widget-text-editor\" data-id=\"3950827\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Swiss watchmaking industry therefore faces many challenges: customs tariff barriers, the massive rise in the price of gold, inflationary pressures, the difficulty of finding qualified personnel, and adapting to consumer preferences. Nonetheless, the sector, which really belongs in the \u2018luxury\u2019 range, is in a position to benefit from all the current tensions in the world, with a luxury watch becoming a store of value, just like a piece of jewellery or a diamond. <\/p><p><em>&#8220;The saddest thing I can imagine is getting used to luxury\u201d <\/em><\/p><p><strong>Charlie Chaplin<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The dynamic US economy is focusing investors&#8217; attention on equities with strong growth prospects.<br \/>The level of interest rates should not detract from the attractiveness of international bonds in the<br \/>current environment.<\/p>\n","protected":false},"author":3,"featured_media":32684,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[65],"tags":[72,73,71],"class_list":["post-32680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-investors-en","tag-marketing-en","tag-payment-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Swiss watchmaking | XO Investments<\/title>\n<meta name=\"description\" content=\"Gestion de fortune et conseil pour investisseurs priv\u00e9s et institutionnels. 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