Quote:
Originally Posted by watchmaker
The word 'blame' suggests there is a problem.
The availability, or lack thereof of a luxury product can never be described as a problem in my view. It is by definition a nice to have thing that we do not need.
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Agreed
It's all a matter of perception.
The way I'm looking at it, it's not surprising to see China's Swiss watch volume to grow year-on-year because it's a rapid growing economy. The Chinese are the world's largest consumer of luxury goods according to a
McKinsey report (among others) aaand it's projected to grow steadily in the next five years.
The Swiss watch industry is a business, after all, therefore it is just natural that more products are shipped in that direction.
Not to mention Asia's 4.5 billion population dwarfs (by comparison) North America's 579 million. Considering, for instance 5% of each of those population will buy Swiss watches, where would you
naturally export most of your products?