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Swiss watchmakers mull over raising prices on surging franc

Thursday, January 22, 2015 - 05:50
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If watchmakers adjust their prices to the new reality, the price tag on their goods in countries using the euro would leap 15-20 per cent overnight. Executives from the big brands were reluctant to talk about the issue or to discuss what measures they might be forced to take.

Geneva

SWITZERLAND'S luxury watchmakers are considering raising prices on their timepieces in the eurozone by up to 7 per cent due to the ballooning franc, but they are in no rush, industry insiders have hinted.

Watchmakers gathered at a luxury watch show in Geneva this week were