Watches in precious metals were the worst affected by weaker demand. At the other extreme, bi-metal timepieces achieved significant growth. Overall volumes were affected by the substantial fall in the Other Materials category.
Watches priced at less than 200 francs (export price) reported a heavy fall. Their value contracted by 21.8% against April 2016. Above 200 francs, the fall proved uniform, at -4.5% in terms of both value and volume.
The main markets differed widely in the month of April. Hong Kong (-16.8%) and the United States (-19.0%) reported a steep fall, while China (+38.9%) and the United Kingdom (+30.0%) grew even faster than before. Japan (-7.3%) remained in negative territory, as did Italy (-13.4%) and Germany (-5.3%).