Mainland China's hard and targeted lock down has limited economic damage and led to it becoming the biggest export market in the world for Swiss watches in June.
Research
Watches of Switzerland Group executive vice president says people are looking for watches that will retain or increase their value.
Latest report from the Federation of the Swiss Watch Industry shows exports recovered slightly in May, but the Covid-19 crisis was still raging.
Fashion and accessories sales increased by 188% in May as stores reopened, but remain 63% lower than the same month in 2019.
Garmin was the fastest growing of the major smartwatch manufacturers in the first quarter as key models launched last year hit the mark.
Geneva analyst says he is already aware of a dozen companies filing for bankruptcy, and that figure could increase five-fold.
Overall prices are stable, Chrono24 says, as it reports rapidly rising sales since the darkest days of the Coronavirus crisis.
Classic timepieces seen as a safe haven investment, according to the company's CEO John-Paul Savant.
Share prices for the major luxury conglomerates have risen sharply this week as hopes rise that the spread of Covid-19 Coronavirus is being contained.
