In June, Swiss watch exports approached the 2 billion Swiss Francs ($2.1 billion) mark, driven in particular by luxury watch sales. The figure equates to an increase of 12.5% compared to export levels in June 2019, the Swiss watch making federation announced in a press release.  Watch exports had increased by 71% in June 2021 compared to June 2020, according to the federation. For the last three months, the organisation has published the most part of its statistics comparing rates with those in 2019. According to the federation, such a comparison is more relevant (as opposed to comparing figures with last year) in order to understand the evolution of the sector given the magnitude of the shock last year.

Swiss watch exports reported a significant drop during the first wave of th…