Alphaville Talks The Decline Of High End Swiss Watches, Savonarola Swings By

From FT Alphaville:

A bonfire of the Swiss watches

Ever since the Chinese government cracked down on “gift giving” as
part of its anti-corruption campaign, Swiss watch exports have taking a
beating.


Here’s the trend, courtesy of a UBS European luxury note out Wednesday:




As the analysts note, that slump follows a more than 100 per cent rise in the value of Swiss watch exports over 2010