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Luxury-watch show opens amid tough times

Swiss watch industry faces high costs, low-growth key markets and end of Swiss franc-euro minimum exchange rate

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STEALING A MARCH: (From left) IWC Schaffhausen's Portugieser Annual Calendar, A Lange & Sohne's Saxonia Dual Time, Saxonia and Saxonia Automatic, and Audemars Piguet's Royal Oak Concept were launched 'pre-SIHH'

Singapore

THIS year's annual Salon International De La Haute Horlogerie (SIHH), one of the two biggest luxury-watch trade fairs, kicks off in Geneva on Monday against a backdrop of high costs and low growth in many key markets, including Singapore.

Sales at the Richemont Group,

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