Business News: Swatch Group Hikes U.S. Watch Prices In Response To Rising Swiss Franc and Tariffs

The U.S. dollar has slumped in response to the economic turmoil caused by the trade policy decisions, giving strength to currencies such as the Swiss franc. At the same time, the price of gold, a key input cost for the Swiss watch industry, has soared about 10% in a month to record levels above $3,200 an ounce as investors look for safe havens. Rival Swiss watch groups, including brands owned by Richemont, LVMH, and Rolex SA, have yet to announce price increases in the U.S. Swatch Group’s move to hike prices for some models could see other brands follow suit.

Stay tuned to Hodinkee for more on this developing story.