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Horological Meandering

Some statistics...As

 

As I mentioned previously in another thread.

China accounts for nearly a third of Swiss watch exports, and China + Singapore accounts for almost 40% (Source: Financial Times, March 19 2010).

I do agree with Bernard that if there are still people in the watch industry to think that the majority of their sales come from "old money", they need to have a little talk with their Trade Minister.

There's no denial that the "old money" is still there, but the market have definitely developed beyond that in the last couple of decades. Surely some of them might be content with just the "old money" clients, but these businesses in time will miss out on potential growth, and will lose out to the others that are strategically more adaptive. Let natural selection go to work.

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