In case you were wondering
Exports to Italy, one of the countries hardest-hit in the pandemic and which has introduced some of the strictest lockdown rules, saw the sharpest decline, plunging 57.6 percent.
Watch exports to China, a key market for Swiss luxury products, meanwhile saw a rebound of 10.5 percent in March after falling by more than half a month earlier, "probably in anticipation of the end of the crisis and going hand-in-hand with an increase in domestic consumption," FH said.
Exports to the United States, the country currently hardest-hit by the pandemic with more than 40,000 deaths, also showed a perhaps surprising surge of nearly 21 percent compared to March 2019.
"Watches priced at over 3,000 francs grew strongly there, in a market that has been very dynamic since the beginning of the year, probably anticipating future shipping difficulties," FH said.
So the guys who sell jewelry to rich people?
they had an inkling.