SINGAPORE – Asians, particularly these from mainland China, love luxurious watches.
Based on figures from the Federation of the Swiss Watch Trade, China beat the USA to develop into the world’s high single shopper for luxurious timepieces in 2020, with exports to the nation hitting US$2.4 billion (S$3.2 billion) between January and November – a rise of 17 per cent from the 12 months earlier than.