Watch exports from Switzerland fell by 6.2% to $ 1.42 billion (1.43 billion Swiss francs) in the last month, said the Federation of the Swiss Watch Industry (Federation of the Swiss Watch Industry) . These figures continue to the November and December the trend of weaker decrease in exports of hours.
Overall, in 2016 exports of Swiss watches dropped by 10% due to reduced demand in Hong Kong.
Watch exports from Switzerland to Hong Kong in January fell by 3.9%, to $ 197.3 million (199.7 million Swiss francs), while for all of last year it fell by 25% compared to 2015.
Exports to the United States and China was somewhat better. Shipments to the US in January rose by 5%, to $ 164.2 million (166.2 million Swiss francs), while exports to China jumped by 7.8%, to $ 120.9 million (122.4 million Swiss francs), an increase the fourth consecutive month.
In January of this year, exports of Swiss watches made of gold fell 9.7% to 429.4 million (434.7 million Swiss francs), and exports time products made of steel or steel / gold decreased by less than 1%.
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Deputy Finance Minister of the Russian Federation Alexei Moiseyev, commenting on the meeting of journalists with the World Diamond Council (WDC) in Moscow, noted the importance of this event. "The fact that the first working meeting of the World Diamond Council is taking place in Moscow is really a great honor for us, especially in view of the fact that recently, thanks to the efforts of both the company and the government, ALROSA has become the largest producer of rough diamonds in the world" , - he said.
"We believe that we can and should play a key role in regulating the diamond and diamond market around the world, including excluding the so-called" conflict "diamonds that are used for financing, as the United Nations defines it, Insurgent movements to overthrow legitimate governments, "he said further, noting the need for cooperation in this area with the World Diamond Council.
In addition, according to Alexei Moiseyev, this meeting discussed the issue of resuming species marketing. In his opinion, it is very important to restore the attitude to diamonds as a tool for preserving value, which has recently faded somewhat. In this sense, he noted, it is necessary to come up with new solutions that will help to increase the popularity of diamonds in the world.
"The government introduced a bill, and in May a new law was adopted that regulates the industry. It has many advantages. In particular, it renews the constant control in the production and trade of precious stones and precious metals. He first establishes a boundary between what is a precious stone and what is not. Now very small, very high quality synthetic stones have appeared - and so the law firmly says that they can be as good as they want, but they are not precious stones, "he said.
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