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WATCHES SHINE AS SWISS EXPORTS DECLINE
THE SWISS watch industry was the star performer among the country’s exporters last year, with shipments climbing 19.2 per cent in 2011 from a year earlier, the Federation of the Swiss Watch Industry said yesterday. Watch sales, including luxury brands such as Piaget, vastly outperformed other industries, where demand for Swiss goods fell. Total exports from Switzerland fell in December by a real 1.6 per cent.