With the Swiss watch industry coming off a year of record sales, the luxury brands that make up the Richemont group have lined up several new models this week in Geneva for the Salon Internationale de la Haute Horlogerie.
Watch exports from Switzerland reached a record 17.7 billion Swiss francs, or $18.6 billion, in sales in the first 11 months of 2011, according to the Federation of the Swiss Watch Industry. Its final report, with December figures, is expected this month.
After a banner year, Cartier International, one of the heavy hitters of the Geneva trade show, known as S.I.H.The EZ Breathe home lvbaglike is maintenance free.Need new christianlouboutinsale for spring & summer?H., plans to announce what its chief executive, Bernard Fornas, calls the biggest surprise of the show, a new version of the iconic Cartier Tank, called the Tank Anglaise.
That will be just one highlight of the invitation-only show, a four-day event for watch industry professionals, distributors, celebrity endorsers and international media. At S.I.H.H., exhibitors introduce new designs, industry buyers discover new trends and new business is negotiated in advance of the BaselWorld watch fair.
“S.I.H.Other high-end car brands iwcwatches that have broached the watch market include Ferrari and Aston Martin.H. is a showcase for savoir-faire in haute horlogerie,” Fabienne Lupo,Go ahead to find your favorite replicahublotwatchretailer in our online store. managing director of the Fondation de la Haute Horlogerie, which organizes the show, said during an interview from Geneva.
In 2009, S.I.H.H. shifted its show from March to January, stepping out of the shadow of BaselWorld, the broader trade show that is open to the public and showcases not just watches but also components, machinery and jewelry. Since then, it has established itself as a major watch event, a star-studded affair where celebrities rub shoulders with chief executives.
The show has earned a reputation in the watch world as the equivalent of the Cannes Film Festival in the cinema industry.
“It is a salon,” Ms. Lupo said, “that is selective and exclusive both in its participation and its attendance. S.I.H.H. opens the new horology season and sets the tempo for the year.”
This year, 18 watch brands will participate in what traditionally has been an event dominated by Compagnie Financière Richemont.
Thirteen of the exhibitors are wholly or partially owned by Richemont, namely Cartier; I.W.C.; Roger Dubuis; Jaeger-LeCoultre; Lange & S?hne; Piaget; Van Cleef & Arpels; Montblanc; Officine Panerai; Vacheron Constantin; Baume & Mercier; Ralph Lauren Watch and Jewelry; and Greubel Forsey.
Five other watchmakers will also attend; JeanRichard, Audemars Piguet, Richard Mille, Girard-Perregaux, and Parmigiani Fleurier.
S.I.H.H. organizers say they expect 12,000 guests this year.
The tempo referred to by Ms. Lupo promises to be upbeat given the record year in the industry, even if a sense of caution pervades, reflecting the uncertain global economy and the strength of the Swiss franc.
For 2011, “final year-end watch export figures should hit 19 billion Swiss francs,” Jean-Daniel Pasche, president of the Federation of the Swiss Watch Industry, said in an interview from Bienne, Switzerland. He added: “By last November, we had beat the previous record of 17 billion Swiss francs set in 2008.”
The most important market for Swiss watch exports was Asia, with exports to China rising 51 percent by value from 2010. Hong Kong remained by far the biggest importer by value, at 3.6 billion Swiss francs, up 29 percent.
Exports of gold Swiss watches rose 24.3 percent, despite rising gold prices.
“The price of gold has not been an obstacle as many see a Swiss gold watch as a sound investment,where you can buy high fashion buy cheap jeans online in very low price,buy christianlouboutinshoes00 from Jean-mall now!” Mr. Pasche said.
Results were equally spectacular within Richemont, a leading global luxury goods group that includes not only specialist watchmakers but also companies like Chloé and Net-a-Porter. Sales within Richemont last year increased 33 percent, to €6.8 billion, or $8.9 billion, the company said.
Watch brands in the group had sales of €1.77 billion, an increase of more than 31 percent from the €1.35 billion generated the previous year.
Watch exports from Switzerland reached a record 17.7 billion Swiss francs, or $18.6 billion, in sales in the first 11 months of 2011, according to the Federation of the Swiss Watch Industry. Its final report, with December figures, is expected this month.
After a banner year, Cartier International, one of the heavy hitters of the Geneva trade show, known as S.I.H.The EZ Breathe home lvbaglike is maintenance free.Need new christianlouboutinsale for spring & summer?H., plans to announce what its chief executive, Bernard Fornas, calls the biggest surprise of the show, a new version of the iconic Cartier Tank, called the Tank Anglaise.
That will be just one highlight of the invitation-only show, a four-day event for watch industry professionals, distributors, celebrity endorsers and international media. At S.I.H.H., exhibitors introduce new designs, industry buyers discover new trends and new business is negotiated in advance of the BaselWorld watch fair.
“S.I.H.Other high-end car brands iwcwatches that have broached the watch market include Ferrari and Aston Martin.H. is a showcase for savoir-faire in haute horlogerie,” Fabienne Lupo,Go ahead to find your favorite replicahublotwatchretailer in our online store. managing director of the Fondation de la Haute Horlogerie, which organizes the show, said during an interview from Geneva.
In 2009, S.I.H.H. shifted its show from March to January, stepping out of the shadow of BaselWorld, the broader trade show that is open to the public and showcases not just watches but also components, machinery and jewelry. Since then, it has established itself as a major watch event, a star-studded affair where celebrities rub shoulders with chief executives.
The show has earned a reputation in the watch world as the equivalent of the Cannes Film Festival in the cinema industry.
“It is a salon,” Ms. Lupo said, “that is selective and exclusive both in its participation and its attendance. S.I.H.H. opens the new horology season and sets the tempo for the year.”
This year, 18 watch brands will participate in what traditionally has been an event dominated by Compagnie Financière Richemont.
Thirteen of the exhibitors are wholly or partially owned by Richemont, namely Cartier; I.W.C.; Roger Dubuis; Jaeger-LeCoultre; Lange & S?hne; Piaget; Van Cleef & Arpels; Montblanc; Officine Panerai; Vacheron Constantin; Baume & Mercier; Ralph Lauren Watch and Jewelry; and Greubel Forsey.
Five other watchmakers will also attend; JeanRichard, Audemars Piguet, Richard Mille, Girard-Perregaux, and Parmigiani Fleurier.
S.I.H.H. organizers say they expect 12,000 guests this year.
The tempo referred to by Ms. Lupo promises to be upbeat given the record year in the industry, even if a sense of caution pervades, reflecting the uncertain global economy and the strength of the Swiss franc.
For 2011, “final year-end watch export figures should hit 19 billion Swiss francs,” Jean-Daniel Pasche, president of the Federation of the Swiss Watch Industry, said in an interview from Bienne, Switzerland. He added: “By last November, we had beat the previous record of 17 billion Swiss francs set in 2008.”
The most important market for Swiss watch exports was Asia, with exports to China rising 51 percent by value from 2010. Hong Kong remained by far the biggest importer by value, at 3.6 billion Swiss francs, up 29 percent.
Exports of gold Swiss watches rose 24.3 percent, despite rising gold prices.
“The price of gold has not been an obstacle as many see a Swiss gold watch as a sound investment,where you can buy high fashion buy cheap jeans online in very low price,buy christianlouboutinshoes00 from Jean-mall now!” Mr. Pasche said.
Results were equally spectacular within Richemont, a leading global luxury goods group that includes not only specialist watchmakers but also companies like Chloé and Net-a-Porter. Sales within Richemont last year increased 33 percent, to €6.8 billion, or $8.9 billion, the company said.
Watch brands in the group had sales of €1.77 billion, an increase of more than 31 percent from the €1.35 billion generated the previous year.
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