Luxury Watch Industry's Dilemma In Hong Kong
Photo Credit: Jason FungAround the world, people are carefully watching news about the protests in Hong Kong. From the popular #OccupyHongKong hashtag and bloggers on the streets to the mainstream press, I think the world is curious to see how Beijing will handle the delicate political situation in China's strongest economic market. Something that is beginning to make itself clear is that the protests in Hong Kong related to free rule will hugely impact on the luxury watch industry, now and going forward.Let's put things into context. Hong Kong isn't just the "gateway to the Asian watch market," but is one of the world's most important places for the watch industry. In an article on this exact topic, John Revill at the Wall Street Journal reports that exports to Hong Kong alone represent between about 15-20% of the overall global sales at corporations such as the Swatch Group, LVMH, and Richemont. Hong Kong represents a huge part of their business.Furthermore, Hong Kong has been the fo

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