Jewelry
October 28, 2020
95 percent of all watches retailing at over $11,000 are produced in Switzerland. Image credit: Mr Porter
By Ellen Kelleher
Most Swiss industry executives are predicting a grim outlook in the near term for their country’s watch industry, particularly for smaller players, as the pandemic has taken a sharp toll on its fortunes, according to a new Deloitte study.
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CvJaXq1FvxCKpMrJheOEPGMFo6Nko5QhgAIhRcjCGcK43C1wy4iP+ZCzlBFgW0YQ276YNDKTI08XY1ZWm00k19zH7ly6Yy10D0SvK0cn86qwT8I7t8YT0OBk24zilQbNj8ZFY46WNODGesS4VnweYwwlJfup5wu\/cjTyessGQsVbEFj60nNQInWr6PlXid\/DYHq2AO8qYJtSUJeWkigAEy4TcOq85J\/rVjkMdd06AEJE8SF1JA9vaUKfRDqvZubnj+brvs2Kc71osCM8s4I86SapNV1dLe7ZQJYpVI8BZmNAAu8CA0HvBBezEpHEgOlnnmraqdoBSDFz88F1AmGDRGVbp7GrkoWVrioeWPkszkAynH4DX2k+A9TpYuhMPHGwXrcSDQPUUoAE0y9y3D3WNHuxF6VoQpdMvi9RDiKFVOZ7lsP6ICDnuj2QkFB057P1qgJCO11iRj464bTOhuToC5qfJ9x+\/M50dB\/pAV5l7AP8QIR6ZaahwnOxyKPI2i2B64sx2c8zM0JQtR9tKc8TkLiXB\/a6be8aKTYxMWu+Edn63sirLtSPnCcS20r3a5zcF3hsfotA6+PkT56or640Y5Ts6AR4h7nIhHo8UFAm5mOWe56b5XcGdUNfjSnugLBIi9TnNo5LrlbEjH1ZyhWwJ1\/l0lPiSCsUFscd0e83FxI8LitlPnhz+GbHzuI34wMJJQc24EVbPbNfQDeyzHojGSOHa1QLUggX26Lszx1hr4DCUflOXErHRmhb\/vRYnGqAap9fcDFIieL0GIwmY4E6iPiXAdqXi0n67Dxkt0GzOASneCPZk9k81uUMc4WQTUctsNC2ulPfkxdKnpHHwiIMFA99Y1Xv2DaUdpNrOhgANnWs13HiP5hpeGuO5NyubKaNrQnJsZiWmPb5kMmRbw9DVz5kEMUustlcte4ld2fj35tZpyNrqePiTVQZaph9zV2rg5l2JIB60fX9Mvrpo9\/dAbAF7W8M8gghYW1iQbv3+1JbpY0SM4kFDGiym8WpS0gaa1EHW1I7KNnPkuu49ecAPTTfeWrNw3BnRZOaJYh8uYgPffWNjmZeYxNg3jRFe19BxB48tZ7dWUU2IdGbFyo8e\/cKS8CzJmTcAHlXUS6ejz4X\/jjGC2Q\/neihCAXeCUd+KjbGqShmd+bR4gRxp6aRRKwekZEAkAtAboAnI2tQfGW91\/x9TlmxSOLxDeGLtIL0H4WG\/CFSFJLJgZMyhC9kOvQg7mt20XEvO1cvQBwJtnmZMfcSnaHildt3c3m8+8Un9LJEEEp\/6NNC7wKEDo6DAFZD+A2mn5w3\/HUH\/WXZlIpr4JYpoMFylIpTLQQd5matcJSI5nKHTDR6rIt8imDtbBtzK+TeE9DeMY26xOm+IuWBnCwEZPo8t58Yyet8YsUc0kL0nv5eysilYohJKsJXbq3+zfVjWOnP8dowHq2Iogl7Yzrfu\/NdZlGVLLgN+yr4Or0NMsgIVaTRcgkroK6zcz4aXMI7G9zUOZT7e\/w1GAhU9HifLJwzG1VOLmIUbxjnOWPtnxq62zC1t6XZewy8ER3IB3UUbpSndEZDyPN7zjN6aipkCQC8\/NTmVKf117OZ\/35QYSGu9UIRlh9MR9d2mLqteiKEsgY8LwfSvCLMzvyKJA0nVZNxtW+lAXy1PsCYDmaIajwyfpcVfhel7UYcqIksxNEg2Pak23C\/AJ5LNWKudlcxzg9c1G\/wBoS3DeOIPN0u1eiNq6sN8+hePK62A6qcpvVczZGxGLBBoCn6HaDg\/XpGHUABTtPhCMkyosGXodppapMSqDxNJRv\/gEacwTKABm+QRO9CmHdzhIfzPQKW29TDLN+2h+y9I4c2\/oQQxNaYhVQoCdHxCBewtoEbQp4dF4yHl3mT07jBfab9FGoYDz2fsraT3S+EjQXS4ac15y+6ZJ8LOMLdyLIXzNPj\/oRLTpVs6a8ZWvVTaGYr0HumAE836nBi2btU8uqVlBn+fdWNXxzmad2XkrDBmX98wbgPaHxMVH63pSPDeYpsdkYpqTJxQ83cn4ZYiALfSI1dKenAvjOJ+3A3o23oT\/EY3y2C\/ZHZLn41BQuKVz7nXcacb8aw+UvdiZH6RrOm4XQcH4fjuukzKPJBrp\/cBYBAXKkSZi7hCuKrY04uz7CvqV+C0oHoOmmvtayDLx0TIZ\/rFoixRiEITSCW1aup+vbxfBfFQrqS88c2g20A4OTVRJbw8cMf\/Pz14xBE4MjPmEhXbu7VMJjNC2K4dRA+xFV7wpzZwlFG13nrTYfnlz6VJ5ukL6WaFVY3X+fZf8IuSXO2A8P\/WX0LKR+9xKHVLrYCnV6UVTs1zFoa3jFE9bYfud8owkkMis7asUiObUdXoXGTHALdSvXwFr3ez+7ESG6BeKMh\/dgSQb5tsHr1uu8vVaP5V5Ja67xV2SUvBRBpNr7TSB7ycwPrZkMdUfJL7LIclgvSapVg6nig3RPRgg+P+rUz1sdWnQB4LruWZkzvp9Y5rTGwUlsT5PUQpH400Gm3aA5xscp8A3xZlderBXdYbq+iPiya+UG9bFpPhSqTF8fl9VkDRcjh3RCQZfDwvEhckExaqV6NQhARCo+UMO1OdRwOcLgisIY54+digEh12vSRm\/At3gER5LojLzrzbrCysn95Ygg9Tn2QG1HwzbXNwrgz10oG21jKtaCwRHtWsFwFONLoG+adAOM02zKLRk9EgmDYXkmCTetduqvsVdq0BzkFDI2ImY81DpIHXAozXq2PYWws7dwik34Q0z8hRKHQolxjiR\/\/9+UyE4u6h+eg5P8ykH7bNYk+VXGA7APTU5pTJ0R8WoS2xiqIi2wqU0vttLtedjdp\/ySlXnvu43ntlMYJnBdmmFDxY0fsgjr4huKcUwEF2ELhvL2Bnaa72ile4km4d+y7ljwc4JulhYoGKtn3NJv45x\/BLK+ykxitATuxpA\/99Rjx3ToYClcGSlGRYTDnj4\/CGdb\/Spc4Apn37W4cg+RZrXCqXAd3rm84xUW1Wajoyt980HZLb0vACCIqx4lb5tm0Dft4tqzGqyI1OvQG0RJmS0gs+QNDof7bBy0rMpjVm54VmH9cz7ckeBteY\/3YIelFrpL8\/oqu0nbCWjO3jcZ78qGFIU1ujZhkp0uy89RKAP6uqt90mGd3t+PCv2mgJFDK1k\/YP8zvOzYfGA2cRMmR6sQ37mvzNA6QPlBJ5bl7pAXXIi1D5tsCjI+R9Hkiiw4odvlAh1M3CCbI4KuFGEBsprfHsjDMXAxkH+UCNk7emZuLmBoc9hVrbfLF\/hJn987GcHhwQmbWddjTlomn864bBjsfeUUpZsQ3a46CuacD\/UAkPyMyZY73yC56R+6OLi3TCfzNMTDlwc4LKlUY1L0Z4DsB2w3u9\/5y5UJEkHHD5Z+uTsPguyYZNJNHYsRbhiMMlSP7RwVZEHmjj7pO7kQAU7xrtdLbJq\/ntr1rjro3C0LBCFJnzC54vy\/cY0bAP0fxXPkxh3KsqXEpU8UYSBmq0yzPCLy1BIvTmII\/aMBBh\/6vc\/jS6bwjORnrLBQ\/FwouT1lU9i7A6v\/A18o8H+4oiG9PeRgmMZfB6AfhFndiustBYT4+kHOJ8Mo+rN9ruXYnMrtco7FXcIqiNiu9vpeOzlfyoGHVJy3nQU3Lm4cMqQqT+crgkgLFJXynmVhJmSJZt7Fc2z2y39jbZ3KV7CfXO76KGThytdfM+\/XC77nyeBbzbuBZKeYWD6\/8WZbV6dyWxazRQESez246VSOdBb+P7g6UeRYS80hJirF3kN7S+obVn29ofw9pxxRzxLshAwUd1CxBEzDgziA2IHz6nf6jvDX0nj7Ua3bkYg6CQDegXmBMs0mq+u784rKoMSoAYWzZJybW\/JoN+0ULjixmnwKp0yDKL3XojTXlQfaDOTP9LdDG3ZOBgpfo5fZUw5a+78OcgjRsvVp7AwU3I8BXABOKQ2j+2haYY\/EgiOYBpzRF4Yhq1O0+z8kmxHIn25Pw9bh3C30vBwyisMnGjgyenqxsgs2q+RLEbgN6WeOxY0+jDZhfeTQijjZpnEl+ViCuGgvxMTG6lbrqyFM8UOHBlra\/RDfKOH2zwiesFsCso+kIT\/9w6dNegi0zCPk9Ew1B8BMG2RKvejlysmufOErB1m9d2mWkGaQnI1rD5F2vrkKTAIZ6bsQX41s7n3MH6SyPD6jJzX0CthBztxIeLKhJDENcNVOuYhR3rHnd4fQOPyArRr1bpXmnMeZD3qdI0RGlmgx5z0sozedR37gilK+vab2JuNd2DePdymF1Yj\/Mf\/Y9UPIPby+8W8oMouvWWy1TAMMdm2aZyoE+QecGD3OnZpG0IfokeYYetMyiM5gjodco6ejYNL7BVL5g6\/uQTGXJyPZahzoxyqnM+jkco9o5g9LEElawd2qNzFv1XW\/JcanIDV7egRLe6xKw3cjbR9aO5K4C8VQG3RTEfeeKmxPTsy2VQkHG6nYwveAx82yyh4wcSOLIv7gfYTELF7EK3Gm0DpwkhtNQRh5KUWveGPpfzTkeiPgRWZz2Ka2pbr1HH+G9mkjruTLq9qa8FNIPdDsUa2PrLnUWANNzu+oeOxGo1R+ycHCII7itrUyNu8UpEW\/S0zGGbWTULE1slN59\/fXz\/6hxcOM8dDQFdLfV0BRmGlJ7SoaaN4HT+Jo9jgt2N1xMn2ZLg+g2s6WOjOc6K59G+MN1TpKJEwuP0swB9\/q9I7ngsCJX6EUUeCBNgIbC6oL9WrMVZyspus\/YnEvKImjHhnHwjmdS+GJcGnNKrxULfQZSrOtQIiXsUDFpgZmVteHti5bBqw+7vJuNmEbt6SopIl9yUCRSSsuSYNdXaAbOVDwWN6uwyS4d\/tT0e+JlLz0iGq\/O8gQrjD2xppamKpA1f88qy8a0RmtCz8avqkJSZrcs+XavXo2KNcNN6OosWOC+TDOIzuwVJ08MWHDTd5V4wcLC84URVVLQJZfpTvJ11o+YUK4y3wQmd10BJjBWbXySEiBh0ouqxUyATTtp9YwuJFrlzXx6suUoRNrRLUwnAGZ+l8P69aE2D4JtBlHAAJT1i8WcbdWRm1EW9PuXFEe96Im18znvAAesiBC6coBfON+58RaclRn7VBu9SHD7YZ2KmAOl5XsvwoBDAhE5GUSACYvnEZTXBygao1QGztNZ50ZFZBQKLb8t2tf+05iFyjMTIE9s5dg513gYT4z\/D\/XPclr2lnAzuqVZuggd+NfM+Z\/DqH11pJ2QC4VxwJ9+EiRVuemMKgk99v4HIYD4LgA6iEc6T+i7j7csIUjJ0eXmiGzQ8ttrjM0UscEBjngDbdV3fZPMKEMC74QnCstkuzyjnwwAz4OGubF4t1a\/PSkqrCBDs53W3jFctA1FHrxi1g0aBIsUoet\/vIQL91Lh7TMGvP+zKN+QtMoavL0K\/SSfiQNyt7mQaHnsKpQqXs+cSfNfgDfkklOwQEQMZk5muHWWKYX8iKzErLSRo1jSBSJyRpPVYvChESUJlBBUn\/bV1NfmDyegi55wdgdoj2BbDr2aAVANvWnzDjT9TZLQDcQNrdhaXMn7QfUOVyg4hkatbVQL0ifBdgVvXc+wkwpWaf5DLZjWVSKQsiimO43h4ZHeN3LcRTDctWkgi55eJRsHAMz\/36jT7P8vU4uwB9f08HkeM6IrwaxaL12wjM9D8YGXp6MwLXsIQzl6ohjUtTx3I0427JG3z4d9Te75zywGQGVWj9u1zrwc9NCueJEayfAxjauZHBIlSaFJRGxDuQpnW4KmkcL1fdt0yNNIqwiw3YlVL6f9jVll+btKnb2R1jguFuAi7sSEssO3ndJBpivUrredeceJhtfu0jRHbgE41toi6UK9YZwDZRiilhbfUacr+xxFT4Jv8eCBLAlZ74n12RdBhiNyhpjeZnCSHqffUb\/0zxzWipHnVyqMZR32aNtYNNKw8ZUd6jNhCzAPQdVgG4B3vX+zcpfVkRZwqRY6MiFaXs9kMWqxYnB+itqH4OYxgjO5AE6pycs7hpysmvZp55Ws+7doYnXQVV4sUkgpp8x5shvvGYfoXJwCbZjnNHLkeLm8yoxN4v\/WFXqZnOnxOnkDBHgLXRMpASWkYvTur\/VCYBCuIjp0Xy0L+AZXYCgW+EPrAMMaqEBrO7f8Rbs0sEXOAO5qJ3dXjpjsefxuzrBSqOuDryKUhIbLOWjoMXe7ENFEXMOvRbWywlSTOzGIY5\/DnVJB5554RTmTo5kQZ2RS0H\/IFAne66TJzuDS8IpgIb76JBHO7F0zrm2Q02+H05GzqW6BwWXwb2tJ5msiC5KNUXqir\/tm\/mHFfn\/1PZmH7u9n+Tw3vJxOsqoP9lj9qVVkmbLaUTCc\/NSH\/wKGMojZW2p\/OOoEGxCFcSsIMz9zm2DYPteHCIacv8kBminUtBoAbFglB6Q\/7kBfznHaBoKLL6LrdmgUFzsrqovUznYoDClj0RZVREWH+0zBwR+wU7TK0Hkf8sqfJtbE7iM3yJtEciRBYw9Ok3WWgPQfD+KcFtCJJJZGtPdxncBf4gzCb9kP3qJVcP46Bx61T\/GPkkWelJpkNTnbhkkImh1Ih6VqWjeVOFCf0vqJzzeN\/dILFUppQ6TAGYk12Av7vogYVCRPTC3bhOmGMEzxVBiVL45TbFABTixutI1EaNsIr+9HgrT2873SrkXr+Ag8ksGFXBwFxNr\/5I0Z0mCdh0cURvyBw3E6Cv9upKSjNJLaCfqAPvwTp7kb9qvp3ORcHz6SqQwku7r5fgQsCJpuQFDjZlF\/xfzHgczEGm5GrX7VGJp\/\/VcNTMlEx0n1GFNR4Ea7Pk8EiRhUuuw==","iv":"a4cb6ca70e6ecc72c2f6c6a1fdc3840b","s":"c172db2414cc2cb6"}
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