import duties on Swiss watches lowered

China cuts import duties Swiss watches 60% - trade agreements
China aims to reduce import duties on watches from Switzerland over a period of 10 years by 60 percent. Behind this is the goal of the two countries to expand the common trade.
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China aims to reduce import duties on watches from Switzerland over a period of 10 years by 60 percent. Behind this is the goal of the two countries to expand the common trade.

China's fear of Swiss watches

To a rich neighborhood exports of Swiss watches has declined to China in a year. This is also because China's new government castigates the luxury of political cadres.

Until recently, Chinese object of desire: the moment but are tourists from China in the Swiss watch purchase in shops reserved.

Watches wholesale
Huge range of watches and jewelery the most popular manufacturers

On the phone the Kirchhofer branch on the Jungfraujoch, a staff report in Chinese. The linguistic charm offensive of Interlaken watch and jewelry business now makes even more sense, because the demand of Chinese tourists to Swiss watches has recently subsided significantly. Business with customers from China remained stable only says the Japanese managers, since more and more Chinese Tours come to the Jungfraujoch.

Foreigners are buying less Swiss Watches

The watch industry exported nearly 4 percent in May, less than in the previous month. One particularly striking decline of 14 percent in gold watches.

Significantly fewer clocks were exported to Hong Kong and China. (
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A little delight for the Swiss export sector in May: With 17.4 billion Swiss francs, exports decreased compared to the same month last year again by 0.9 percent. Also corrected for working with the 1.3 percent decline in exports was considerable.

Swiss watch care tips to maintain your watches

HOME CARE - WEAR

Do not wear jewelry at home and gardening, playing sports, taking a shower, soaking up the sun or during the sauna bath. Rinse water and sweat damage permanently the surface. Shocks cause deep dents and scratches which usually can not be repaired.

Gold and silver jewelry will quickly lose color and shine when you wear it while swimming. Chlorine and salt water are particularly damaging to your jewelry. Particularly delicate gems can be very affected. Extraordinary careful with is pearls offered, since the thread will get wet and can not dry properly. The result is usually the rotting of pearl inside.

online glossary of Swiss watches

WATCHES - GLOSSARY


A / h
Semi-oscillations per hour of the Unruh

Amplitude (half cycle)
Amplitude of the balance

3 ATM
Watch this label have to be resistant to perspiration, water droplets, rain, etc. and against immersion in water for 30 minutes at a depth of 1 m and may not be used in conditions where water pressure and temperatures vary considerably.

5 ATM
Watch this label have not only the requirements for 3 ATM be resistant to immersion and vigorous agitation in water (swimming).

10 ATM
Watches with this designation are considered watches and in addition to the requirements for 3 ATM 5 ATM and for temporary immersion, provided 2 hours, can be used.

Elevator shaft
Shaft to the outer end of the crown is attached. The elevator shaft connects to the movement.

Self winding
A clock with automatic winding uses the centrifugal force and gravity as an energy source. A semi-circular weight, rotor or flywheel called pulls the arm movements of the wearer of the watch spring. Because an automatic clock constantly self raising, the tension spring has one end hook instead a slip clutch. When fully wound slips to the spring, and a spanning is not possible.

Watch industry with significantly more employees

The increased demand for Swiss watches has an effect on the number of the industry: The number of employees has nearly reached record levels again.

End of September 2011 were 52'803 people in the watch-and microtechnology industry operates, that is 4255 or 8.8 percent more than a year before, as the Association of Swiss Watch Industry (CP) announced on Wednesday.

2008 was a peak of 53'300 employees have been recorded before in the wake of the financial crisis in 2009, a decline of 7.9 percent and in 2010 again was followed by a slight loss of 1.1 percent.

Swiss watch in global demand again - record in sight for 2011

In recent years Swiss watches have been in demand worldwide again:
Exports increased compared to the crisis of 2009 to one-fifth.

Switzerland exported a similar number of timepieces in 2007. For
this year a new record is in sight.

"Geopolitical disaster could not happen, this year will exceed the
peak value of 2008," said the President of the Federation of Swiss
Watch Industry (FH), Jean-Daniel Pasche, the news agency SDA. 2008 had
the watch exports worth 17 billion francs.

Last year resulted from the industry products worth of 16.2 billion
CHF - these are 22.1 percent more than in 2009. In December, the
increase was even 25.8 percent. "The growth was even more pronounced
than we expected," said Pasche.

Particularly well-priced watches sold in the 200-500 franc and
expensive copies for 3000 francs. Almost 94 percent of foreign sales
made ​​watches with the manufacturers, more than half of all clocks
were made ​​of steel, such as the FH announced on Thursday.

The industry felt the continued economic strength in Asia: In this
region, it resulted in about a third more products. The main market
for the watch industry, Hong Kong, grew by almost 47 percent. China's
fourth largest export destination, grew by 57 percent. Exports to the
U.S. and Europe rose by 14.5 and 10.4 percent.

Only the rosy situation for the watch manufacturer does not look:
The strength of the Swiss franc remains a major concern for
businesses, said President-FH Paschen.

In addition, no growth in exports is a synonymous with higher
profits for the company: Some companies in the industry would continue
to have problems, said Pasche