Swiss Watch

India-EFTA deal: Swiss watches, chocolates to enter India at lower prices

Domestic customers will get access to high-quality Swiss products such as watches, chocolates, biscuits, and clocks at lower prices as India will phase out customs duties under its trade pact with the EFTA bloc on these goods over a period of time. India and the four-European nation bloc EFTA signed a trade and economic partnership agreement (TEPA) on Sunday to boost trade and investments between the two regions. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It will take up to a year to implement the agreement due to an elaborate ratification process of these pacts in different countries. "We are giving duty concessions on Swiss watches, and chocolates," an official said. Some famous Swiss watch brands are Rolex, Omega, and Cartier. Nestle, which is a Swiss brand, is a major player in the Indian FMCG industry and manufactures chocolates in India. It is the third-largest listed entity in the Indian FMCG segment. According

Swiss watches import jump 21% in India first six months of 2023

Imports touched 98.5 million Swiss francs (nearly Rs 933 crore) in the January to June period this year period from 81.2 million francs a year earlier

Good times for the Swiss watches; 2022 saw highest ever demand in India

India imported Rs 1,722.88 crore worth of Swiss watches in 2022. This is nearly 20% more than in 2021

Luxury Swiss watches still beat stocks and crypto despite Rolex, Patek drop

The number of Rolex watches on the secondary market increased by 19 per cent in the fourth quarter alone, Morgan Stanley and WatchCharts estimated

Global intrigue: What Kim Jong's $12,000 Swiss watch says about his health

North Korean leader's weight has long been tracked by spy agencies for clues about the stability of his regime.

Swatch shuts half-a-dozen flagship stores in malls, bets on kiosks

It is likely to see closure of its last operating mono-brand store at the Grand Central Mall in Seawood, Vashi, in a few months

Luxury made-in-India watches are a surprisingly popular new trend

The Indian customer, once unconcerned with the intricacies of watchmaking, is now more appreciative of quality craftsmanship

Watchmakers are betting big bucks on green this year

Timepieces with green dials are invading stores, at price points of every hue

Some Swiss watchmakers are ticked over new rules

Switzerland's regulations governing the Swiss made label have watchmakers wound up