Major brands are opening new shops, local entrepreneurs are growing their lines and collectors are getting new contenders.
Singapore is flourishing as a market for Swiss watches, and its homegrown watch brands are blossoming, too.
Fifty years ago, according to its profile on the World Bank site, the country suffered from severe unemployment and poor infrastructure, but decades of internal investment have helped develop a high-income economy. And many of its approximately 5.5 million residents are buying high-end watches.
Between January and May, exports of Swiss watches to Singapore rose to 676.4 million Swiss francs, an 8.6 percent increase over the same period last year, according to the Federation of the Swiss
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