Swiss watch exports continued to fall in May due to a sharp decline in sales of more hours of precious metals.
Export decreased by 9.7% to $ 1.62 billion (1.55 billion CHF), while the supply of precious metals hours decreased by 24% to $ 512.14 million reported by Industry Federation Swiss hour (Federation of the Swiss Watch Industry). Watch exports worth more than $ 3127 (3000 CHF) fell by 15%, while watch exports in the range of $ 208 - $ 521 fell 17%.
Exports to Hong Kong fell immediately by 17%, which corresponds to a significant reduction in supply hours in the last few months to the largest importer of Swiss watches. Europe is becoming an important market in which there was an increase, which figures, however, have deteriorated significantly, the federation said. Deliveries in Italy fell by 21%, while exports to France fell by 18%. Consumption of Swiss watches in the UK and Northern Ireland fell to a lesser extent, by 2.5%, due to a sudden surge in exports "large volume", and the higher cost, such as watches and alarm clocks.
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The auction house Christie's this week exhibits for sale in Geneva two rare colored diamonds: "Pink" (The Pink), a diamond weighing 16.08 carats, featuring a rare purity of its color, which will be auctioned on Tuesday (November 10); And "Blue Moon" (The Blue Moon), a stone in 12.03 carats, which is called one of the largest diamonds fantasy bright blue. It will be put up for auction on Wednesday, November 11th.
It is assumed that the "Blue Moon" will be sold for $ 35-55 million, an amount that is a record for any precious stone. The estimated price for "Pink" is from $ 23 to $ 28 million, according to NBC.
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