Baselworld, the world’s largest fair for luxury watches and jewellery that even attracts Indian watch retailers, may be struggling to stay afloat
Updated : April 27, 2018 12:10 PM IST
Baselworld has lost almost 40% of its luxury watch exhibitors over the last two years.
A slowdown in the Chinese market, and the non-deliverance of high returns in the Indian market, has affected the Swiss luxury watch industry that traditionally showcased its new launches at Baselworld.
Yet, brands such as Patek Philippe and Chopard continue to launch their new timepieces at the annual fair.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more