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Watch sales in worst quarterly fall since 2009

Singapore retailers attribute the poor business to the haze, on top of the fall in global demand

Published Wed, Oct 21, 2015 · 09:50 PM

Singapore

THE July-to-September quarter was the worst one for Singapore watch retailers, with Swiss luxury watch exports to the Republic tumbling 8.5 per cent from a year ago in real terms.

The Federation of the Swiss Watch Industry, which released the export data, noted that shipments to Singapore, and those to the United Arab Emirates, South Korea and Taiwan, posted "steep declines". Plummeting sales in Hong Kong and China, spreading to other Asian markets, have given Swiss watch exporters their biggest quarterly drop since 2009.

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