London is the hub for watch sales in the world
Whilst Brexit has seen many retail sectors take a hit, the London watch market has thrived during this year. When Britain decided to leave the EU, many assumed this would mean trouble for all retail sectors. However, the Federation of the Swiss Watch Industry (FHS) reported the watch exports to the UK from Switzerland went up an incredible 23% to SFr327m (which is around £255m) from the previous year already. This result means that the market looks positive, with many customers investing in antique watches in 2016, as sales for watches valued at £1,000 or over increased by 19.5%, July to September, on the previous year.
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