Swiss Watch Prices are Going Up

Swiss FrancWell, as with the previous article we wrote about the value of the Canadian Dollar affecting jewellery prices, the Swiss Franc (Switzerland’s unit of Currency) made a major overnight move on January 15th, 2015, vaulting its value 20%. You would think something like this would be temporary, but in this case, it’s here to stay.

Without getting into the technical mumbo-jumbo and economic jargon, it all boils down to the fact that Switzerland sells watches worldwide and that their prices are going up in consequence to this increase in the Swiss Franc. Brands such as Rolex, TAG Heuer, Tissot, Gucci, just to name a few, produce and export all of their watches from Switzerland. Thus, the unit of currency often used for buying watches made in Switzerland is the Swiss Franc. When the value of the Swiss Franc increases 20%, it costs everyone needing to exchange currency into Swiss Francs an extra 20%.

Swiss Watch Logos

So let it be known, Swiss Watch prices are going up. Increases are scheduled to start in the beginning of March. So if you’re eyeing a beautiful watch and aren’t sure about making the move, now’s probably a good time if you want to save a couple bucks.

Kind regards,

The La Mine d’Or Family


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