How much is the Swiss watch industry worth?

Annual Swiss watch export figures recently published by trade body Federation of the Swiss Watch Industry (FH) reached an all-time high of CHF22. 3 billion in 2021, with CHF 21.2 billion of that for wristwatches alone.

How big is the Swiss watch industry?

Worldwide exports of Swiss watches rose 2.7% to CHF 22.3-billion (about $24.089-billion) in 2021, according to the FH, just ahead of the all-time high of CHF 22.25-billion ($22.04-billion in 2014. The U.S. had a stellar year, with exports up 55% over 2020, and 28% over the pre-pandemic year of 2019.

Who owns Watches of Switzerland Australia?

Eric van der Griend
A Family Affair. Watches of Switzerland was founded by Eric van der Griend, who today serves as our Chairman. After spending 10 years importing and developing premium Swiss brands into the Australian market, he recognised the opportunity to do more.

Who is the largest watch manufacturer in the world?

The Swatch Group
The Swatch Group is the world’s largest watch company and employs about 36,000 people in 50 countries. In 2016, net sales were 7.533 billion Swiss francs (CHF), a decrease of 11% from 2015 results.

What country buys the most watches?

As 2021 begins, the Swiss watch industry is navigating a new and unfamiliar retail landscape: For the first time, China is the world’s largest market for its products. China’s almost 1.4 billion residents have been the biggest buyers of luxury watches for several years.

Which watch sells the most?

The Rolex brand generated approximately 4.7 billion U.S. dollars in turnover in 2020, making it the leading luxury watch brand in the world. Swatch’s Omega brand was the second leading watch brand in terms of turnover, however, there was a significant gap between Rolex and Omega in second place.

Who makes the best watches in the world?

The Top 25 Watch Brands To Know Now

  • Jaeger-LeCoultre. Jaeger-LeCoultre.
  • Audemars Piguet. Audemars Piguet.
  • Frédérique Constant. Frederique Constant.
  • Piaget. Piaget.
  • Cartier. Cartier.
  • Harry Winston. Harry Winston.
  • Blancpain. Blancpain.
  • Longines. Longines.

Who are the big three watchmakers?

Also known as the ‘Big Three’, the holy trinity of watches includes Audemars Piguet, Patek Philippe, and Vacheron Constantin. These brands have been at the forefront of watchmaking, innovation, luxury, and continue to make watch news today.

Who owns the Watches of Switzerland group?

It was then bought by Landsbanki in 2009 before coming under the control of Apollo Global Management in 2013. The company was briefly known as Aurum Holdings before re-branding itself as Watches of Switzerland in advance of an initial public offering on the London Stock Exchange in May 2019.