All these developments sum up to a word that brings music to the industry’s ears: recovery. The Salon International de la Haute Horlogerie closed with attendance up 10 percent from last year. The 19 exhibiting brands, despite greater selectiveness in extending invitations, still reported an increase in orders. And at BaselWorld, visitor numbers reported an increase of seven percent, with a noticeable return of buyers from the US. After 15 months, Swiss watch exports were finally back on the positive quadrant (2.7 percent in January and 14.2 percent in February, in terms of value), definite signs of recovery. And though it may be slow – a couple of years, at least – the only way to go is up. -ER
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