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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QJGrUFiUTps3TKBqmR6Ii2lT1h9QBg7nzD92SwEjxELhq4Sk3ftzYHItulPjZ3PclLzU2SQKo9Sr3Jh8OMb2GcnLh8RbKdOzcrP++p4aWoJJyE7bNNP1zBmGFXGt9TzVB+kiNFq7kCgioCD8ZOEafFqiMUfWoN5WbpdDJJQYWehVoIqcE4UIakmwJQ+ALhW7KQ70iUiJzyy4MiZJKdev5XGSismLRoK3GOvpl+MwV9OvHut2LBs9qD\/1Ljg8ZOiDRSZyJZKyPl0V+ggHMxi2yYc4E9mlsoPpPVxVqNSdjlahPFBkYE13pbfBcUN0LoLOxSgTTa3Y+FCtlP1yg7t0Vr6R0cu2Rxk9E8F\/enTmaNB54xdqRkZL4RNwNGghCTzKerxwfvfuimIswIYD2hAeYgWb877vz6TYDMsOL6HKkJMobnEUJq1G9+5YWLaj\/0BpmnRGeFO2\/QtoPpR2ml91fS4dtIs7YkYci\/wYld3KmjiB2WpNbdqS5\/U8OF4q3FJxQ6sLogFlkGA8eGWetoQA0sg1koEZ7A29C5HsHGgk0gV1k1SzPPWylS7jTIZssPkQkKfBGgVkX4A3plWFsbcOYLNbfL3ezKMXfnYZvRsJ4Mp3K\/bw3nwNnKWO6woJzY8NYyv+ifPLwR0mkVE7+H5RIumISNl1u\/aIpYU7lP4rq5xM2vkiE86\/DFDnfyGgItNSqY0PmHPn7xtKFIuUiPRXVEpzpOUdz9YUDR6WiwfUgixzfaZcRVkD6zbhLBBNThAryXIB80uJIVKKubuJCbap8JH\/WQmWsNVIdOuT45yYMB\/R4BLwdcTtmfl\/pGIgqvErhdEUuS7dYEfC7gaUgbjd+xSbbBrAdMLUbbQDjqlAv+J1K+8vszbMAQLs62fMAOIc45\/fzXj+PEvypxUMmQ5nKhf67vJ2HVXOf2BQt4Sb14Eo1gQFBxDrLHkRhgNaS6dCnam1pkVXACYBe7NLqJE4uDC\/Gs+epeJEkD0RK53uW0vSYnZIXUDW5jIG3m2O0KaKSmGGr61G+LHOgf5Z2cbAw1dffNkIqKgPL09O5TSXRLo4o2z++OOkjLqRLWMvgE8VQwvU0n\/uhuLLU1DSwBag6C1Lanu2W+OfUXkhcMw0g3ch+1Gs27MeQPQwF0V4\/sgsCC9FkacrXlcj00MitXWw\/6ZDne7KGoRNmdj3M6MU8uB4umVBa0ePmrEOHYKkKOrfMvvD4gz+yeFiEmwFPmeljzqVnqmQ7XT1VxEA6RNbCZqkcdpPgRofmAuEOZCXJUDshsksvSR3yUQEBmtr9t1uxGrrUxikKbhZaCom5+qyAjygax7nWjBa6iTSmkBBuQMYDwZoYC+RyK2niyVaHbdC1Y9XVqTAfVkGjePUdfTMJQ2eNzrFO1tB3GjK+R4H\/LSZTlmvMRMktiCO\/RElXMl6nRVgcumFsVX4zG406lhfeiK8ykeyAfzus00xR8VtrXR+rhRlI7nydsNEDgoO+WzkfAPHf3gzF5b68FKUy\/0xHg9jnUbOr2NMol7r\/YoL4EkHLN2EJO3UHsImq9qjphk26zCvowl63tyvzOeZUPCBM0ja4ju9URauhFRDYB1ge7feuBqWPiBBAEQ3iL60Eb72QBrl1IYEaB7+6lH7KG5EdxAMpxpdn2n7zqUvUMtGax6DqDJUMD2WwvCDNbooJ4\/4cshZnL0\/ofp159dsNqGSRuhoy6lQwfa8oOZQuRB6ILPTFZwQtFmUiv1jQKquwLG30Gb\/TegJseRWo396XMuujTRgpPkgjI7hO9FtzjNSXh9Y7oliwhH45KLUn12y5eLEwf+CxyjUGx5I0PYvkOKm0IC1LshVbXG9Y\/thpaDOsiN19Bj9EzLn1oH\/k\/XuRStN9Do1\/QOmwMdzdvGlfz1g+gAp7FUcW9iMm6VDlOcCbU5CrXBd5ik0hSAuaLBRfS1eOUojz3RnoHH0+Iu0oTTCkjtNSrx49oZFUT5pkn9H4Zj2cFUD8otoOo0K0uzm2LyaeD72Q9CdlwLB6h+W6XS7cNDlGWQSA4wer8UQhnKJlGuXn9BqVg+MjKffqWFwjzJ\/NVMpkLBiR3bw3yuTeEZLRdiLiZBeDjeWR\/nCujzNJK39S7VSU6oLsaO1ioCf7DylMImSYWl0DBieox5sfnGPTL2pVAY9jyjPhA+vy6Q3v1VS3IygKnlpBUPC0\/o4q8GfjiTWekV9j182wMD9fICZb4Kzh7sXz1nbncGK5vDimKQk8+GsdpGL3ezAiep\/kRjLnIW3ifAkN6omMAcPra\/QwcAby+8EN9rJEenMVR453VmBCFwyl9jLdO73e1gdK6cOTJFce3UzVB8m\/Z1jlhDI5YlX9rh1RhM4HjQzwE+haUAufIXe+rJDf5U1710FauGg+A4i4sb2Su6\/yGx9UWs7jDMOS0byYXakBDgtQhVrJN0BE5f\/eazYqBH\/sk13LhHyPp9g0cqDv\/zT7XmXHm+eCCCqrBXSDOsAGfxoS\/zr7O+yr0ZT2jJicnnxSssDbdl1q3Rit0KTyMGGakckwvyx91zllMVa3BTS5HS+ouCMTpGRg7tPCxBTnQvfyMcQcB9DF+2OnB1h6+MmvkDIZ9MwNTZ6nHMhQos1NelWnP5EavDU80dtugh+kCCo7slBbI3ulxcWSzuDyZNQLZR4DgYsTkiP3rXnBQlrADEd+FY75XlKuW\/SRNsUxayaXDREdd1QRENhmYeribxCWtpveTbFCrETBnU7Es2tIz5c0gxTWwDqKcHugBnSy+6Cfm53hjgQMZvtp6yEp\/XqCnSKVkRKpQX1FAouCG48ZZhwvaJ2zcbUa2H9AB6t55V91s4PXgxVrBKBhUY9l4MQt86MiGmBG9ENggiiZ4ph9izOm+Q9Uko4jgh07L5tKF9l+flqzMSxuiAPc0Tnh5RZBWQB6MtOjFiQa+Vgd4czgozjzmAe5s3YgfC7+PFf6giJbNItHp679US9ojtqijYBlUBXDXkToI3XKsVAIGkbitjVaJNtFOqZnmfIsnSjW\/znEsxwOl8cg\/1iZWFSJlIe\/KcX4FS10yvnruCpXoTzmUj5GxAmZgj+CwA1j9iqb2PpGz9E2sXcyDEjhbpWnJHSLZDH\/h9HFBoisxu43dWd3CI4efHYMVBI30vHRVpg7oj4eECr9e9kTiwWuQltr6Ke764sNg6nKPsx0WeHU4DafBeBtJ0d1rvCUZxQY\/KITqIfuSmbH5GsRbfB5Py+7lycSvPmR6y7ZK27hPwmmS5YVjqRYOlNOJP5JYgzLPXZmt+e7jCjc2Slwnudtwm2tXuslX\/jdRre3ZtWGa7vH36hX4YBV8Ohukj+vn7S+LYcek1xEYZ\/aRgnerrXk6q\/fOA10NKcpSqP5wXv0iITYzM50IewiSnbB3sjvz779iVb4UVaO4m7za+4bZZfOPH\/kLG\/r4KPYhIHw8UVQPGsTmLVzOePuKgYAs6sZ+nrsqEqp9Udg\/kNoKjIhK3CYWCVJLKjlYCFmpeAdPXyT48NVPmiqXRREgduZxXHWlA8uTT1+A9JmbPjmA1GEumDRoG2dGSfoimIJvDEIHC6vnRE7oQmN+fFCz8XIHzmpjM\/loqM5a0p6C3GNNwiGoL99\/IBKm8iiElGvfOzRTFc8DoClikG93cHfAehi6DiIaBH2ov296WHFEyOhc8AG1Md6wXiHaXx48i7iTY+HkbO8+7bllOPhfVcVLfRMPvTkf1MfjN41LMsHvLBCauJ+WPplLgYPjKHvEkh3CEKUu4rOPejVz8sGiIC2WHalhBHhUV+glLwSwCKVGIpqA+s2Bwo3PO3aj6aaATMU6\/Xgwd7NjPntpIorKi4q3QKif8\/CO1CzlCqXDc7q9jEFIssL0FYHkaorb9+ipCiFeKEH6bc9jtdnyvEYx7dp+9zycwJ\/u0NClO2Hw6nsmyYLdnZaLwUODGl6LHGENYE6ExXYSE078pour2ZAuz6gGxRS3o59Q+bQKf9j7Ne3yumfTLXOiStuHVql8+ObgXJdelvT36mVTAvr0S6KNzCJgGeY+J8D\/H0pDmmfzAZHv+XaL5vzeF\/qXGStzplfv8a4uoxVPN1LKiyfeVwOwX4A7Nxql0abNtJOZucdb2ywNm9g\/frONaNiqj4AqjAuxdyArNgFGwLkftHgUm4UJoQAA1pzw1mFB5eH6l3PYKre1cGSTlrk6c8ZYl07ThVEXSqVH5kWQkZZkFfHyAU51O2qEjesTG9S7Jb+cdq\/wSkb26CEiPwwjJHUrc+5snfUSEJWwNdVtLITQSnad7Txs0trl2MgzCypCvsOpRg4zsQKJe4LCtRPYt9Oc39JB1Gpetted3NDRC1UNXFbel2bR0NCii\/SYz2tKVBWrTXROoQiUqXQ\/JRycDfXwxeL662xtjrHeJtiZ0zt5LkRqXAt7qeKhjAMMLOTc4iuTqTMfTuh5wRB6QXJA5gGW399ICHd\/mJB8ORR58uC3Wpfxqv\/qzOEBEAlABJTgWxBU3vTHdezRMJjiWii7dLgz4RNrmlNdW19TximXbymeIXnlzYWcLKyxXT7\/iJrqv4Wo6SaPIP1AWXDRgbfF+4oG1GjF4oqwxVPl2aartcA32WNZUZ9NPidoZFY5T1w\/SRXn0irUO9NOBn2RGcbjdjSHlTCHaA4mmRK2nuqG5RaA1og2loCCzv0HbFYkKda\/oE+4wWfaPzCEoA\/8lYW6uOtxNMyd\/66YqKrYVgL70qdrc7VFh3f4m++zDo7Q3v\/B6TcKhGcVWqZUZHtbtZc7FxXSEkS+m+vwoG55kIVpEqbAXSxQ2eA8zIgRq6qdPE4jQWyWjfB3l9OI1KWfXtBr8g+YWNHrqJP5JHduewmKF6vauCqx2CRYjwad+VjlYFvnHkulOl5KMdexJh1y8xzQwBXhvNEAhJFHcKOdgKj6JGSMuXoG3DhiId7N4a3P6cffPw3+ic33o9+s4pft5U53ysuAohKn2mO+Bq7ve+l54YTPYN96irR1ifjDaM8yMn9dacQfDICNT5+JU8M\/lcCH2Qp98ZIOe9K9qjZaDFytORdgt1ODZNMfG1rq\/q2rADM8DaLcYh\/pLLB9c0gxcMr41itxakjIV6ZbNTV4NZKGJKy+6jbkFDiGpd+fZCKkyRmXLeasFcw0MXCgu5MsTDTY6hD51VEsu2QRweT4FaarGKHWCqpgt5fYyGthBUWg2xbDJVyp3b1bxz2rc7x+su2G0nqK5nOe7+FmA0d7CoH0Z60Rho0301C8VSrmjHKIxNnwQ+hjHmJ3Vx5uFyvLmTmJ8GTw+YQLc7ClZWdS6f2PI+bdq2FJjyy\/bb9uLJn+I3hWrOmR1QcXJJ2EO5z4KAiA2c5boZfyiQHx0584h\/YSwcnClF70gG5KXcUfyDh6E4blvBnYxcKDh+SX61W+kXqcJmvWN877r6tUx\/idvRLSjkRL0BD1KHIJV1+Q87hWs+W44X+HDGC\/OTJU6XKEWV35ie94+XxCBwNzKXPVd4VcZ\/lWKRCyOgiDff7AM20dl\/URqSXkU2Y3YgEPIQowySSdoWTodlipxv8bW7iHIiV7IEAmwVumOu1pF7TxWlr6lwIyTNtn2iUWz02gt7seiZKR3HMgMuhItPKLx+FiwlESrcNC6Tl0qJCjCWvPP0X2KbTyApdHjaw6VXOPUH7bDCSR568pHuYhDeEoBP0ZV3zCqKrxX3zkj+kXt8d9ZhsWIKTj73UOqh3AqkjXG65r5qUqE94v50DX56yF1Ehaz+lhBFj277ltPc4cUWxwrStyezXnMzs0gU6g22p2cIxyLtFVnIVdK4FR1NecJGWOCDy+LvopDwuUfomfB17ZXF2\/pu4XHNTtCfOlmD3r28BOPa7immr3J0ITrR91GDKqTXBjZaSJhTXDAAaNz01ATa0lvdZqJlfN0LHimkAieKkdfSU7WNgtFWLBjCMoBkXWsGarObthfT5YdROwTjNfK3uEZ8wjpXzRmrg7Rda0iwgnVYKYffssSfpF5uX\/awJ4x8qJi4fulcUwf4Ju36OsKPyfUFNvshEkLcDMzTHdgroS3hNU3dU+d8e7Whfbb\/4tcFN4R1CeTG6TTerWHM7eQxxoqf6h+EfYw3FhKlvjRntj4YxeYSR5Wa3cvKWCbKDMA+Yq6Qs4V3StmH3lcrK+kqYWGZwsGhyLuWQVRrB4QAJYlcAffypu3cZNObca1YfA39Fkv6ka+oqn10HvtQbik0ZbrD2oAZ0nZMpMQ2EzEleZIagpIxPkcHhIHt8wxwy6041gSZzaaZI22\/P0Ym90d5BTB2FQnRlY8DrPnopNDuzyTCPZc2mhJfmdLdJXNi4tQyZSpg7n8mcVduZIZuKU8VkwPy\/KQ9mPHlQcFT4t6fwOl77fdd7\/c0u5JdmX6Jvc5KwRZCJl\/0Mk0\/iuTSyTJFw+ID6OeGeOGfoTUPgpEJIlRLdbEccgGARHM0BBhh2RCMkOckOn14dZtkqw1IjLnzeB4e\/gDoAa0wk4tnH5KwU0X1zUq+W3aQRx+qRC3NrQmthrfrYoTWAU6mB3CG6T7jpVPq7pnQf71svhPwYi42iwe5gpy5IxxmGyrN5+ZCjVcQcVoaV25UgiT+TNgSE8O9eQnGnjhpnE+C0+yAtVisb6RBgYUPU+6QWb24eAgot0F0guSth4Rkg3uw8+qCjyf\/zBojETx3kQcaJkvPai9Sd0UDduWNkvfe9BLagGdcpTG7TsRGQnuPdMPaW7N111L66uQ\/u7tQpJwzRmMUoGLLxjX4+zUq1FxwBsTd9ohgg8INE+vfWROrqqrMZOd7NJG101Ny6pUmwHaN8cKvtb6qtE5zfUdg==","iv":"bcd3d12e422bf6191c3f727d5942b654","s":"3e5d358e17b0ff6a"}
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