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It's about time

— Geneva


Neutrality and a stable currency help reinforce Switzerland’s image as a haven of tranquillity within Europe. The same could be said for the country’s high-end watchmakers, who at this year’s Salon International de la Haute Horlogerie in Geneva seemed blissfully indifferent to the downgrades and debt crisis sweeping the continent.

Cartier, Craft, Jaeger-LeCoultre, Panerai Radiomir, Swiss watch, watch, watchmakers

Business at the week-long, invitation-only watch fair Salon International de la Haute Horlogerie, a precursor to the bigger Basel Watch Fair, was anything but dismal. “It has been unbelievable,” said Richard Mille, a niche watchmaker. “After the first day many models were already sold out.”

Known to push the horological envelope, Mille pulled out all the stops with a model sporting a case made of sapphire – the chf1.6m (€1.3m) price-tag didn’t deter collectors from shelling out for five. Meanwhile, Swiss luxury group Richemont, which fielded 12 of…


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