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Byline: Boonsong Kositchotethana
Dec. 1--The growing affluence of people in the more developed Asian economies, spurred by the revived economic growth and the craving for finer things in life, are giving the upmarket Swiss watch industry a boost.
Demand for luxurious Swiss timepieces such as Ulysse Nardin, Cartier, Corum, Chopard and Piaget is on the rise in various Asian countries including Thailand, though rampant counterfeiting remains a cause of concern.
Asia as a whole is the largest market of Swiss watch buyers in terms of value, followed by Europe and the United States, and the region's importance is likely to expand even further.
Figures compiled by the Federation of the ...
Source: HighBeam Research, Swiss Watch Sales Pick Up in Asia.