Hong Kong’s Global Watch Dominance Comes to an End
Hong Kong was the Swiss watch industry’s No. 1 export market for more than a decade. Not anymore. “It is the end of El Dorado,” Thierry Huron, founder of The Mercury Project, a Swiss watch and jewelry consultancy, wrote in an email. With its tourism-driven sales dented by pro-democracy demonstrations in 2019 and then blocked…
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