Retail in Switzerland
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UNITED ARAB EMIRATES, 2014/03/06
The price of Swiss watches imported into the UAE has risen 36 % in the last three years, putting the emirates in the top ten of nations for the luxury accessories, official figures showed.
Cumulative 2013 figures released by the Federation of the Swiss Watch Industry have ranked the UAE as the primary Middle Eastern country for the importation of Swiss timepieces.
The total price of Swiss watches into the UAE last year was 934.1 million Swiss Francs ($1.05bn), up a staggering 36 % since 2011 and up 9 % since 2012, reflecting the strengthening position of the UAE’s luxury retail market in 2013.
