Swiss Watch Exports Fall 17%; Hong Kong Luxury Sales Up 20%

June 3: Swiss Watch Exports Fall 17%; Hong Kong Luxury Sales Up 20%Three stories tonight: Swiss watch exports, Hong Kong luxury retail, and the diamond supply picture.---Tickers covered: UHR.SW | CFR.SW | WOSG.L | MC.PA | SIGIn this episode:Swiss Watch Exports- Swiss watch exports to the US fell 17% YoY in April- Swatch Group (UHR.SW): trading ~CHF 215- Richemont (CFR.SW): watchmakers down 4% in FY2026, but stock near record high CHF 161.80 on jewelry strength- Richemont jewelry maisons (Cartier, Van Cleef, Vhernier): EUR 16.5B at 30.5% margin- Watches of Switzerland (WOSG.L): surged 14% yesterday on FY2026 earnings, US sales +24%Hong Kong Luxury Retail- Revenue from jewelry, watches, clocks, and valuable gifts up 20% YoY in April- Positive demand signal for Richemont and LVMH, both with significant Hong Kong exposure- LVMH (MC.PA): ~EUR 473, down 26% YTDDiamond Supply- De Beers: average cost of natural mined diamond reached $4,063 in 2025, up 25% from 2023- Kao mine going on care and maintenance from July amid rough-price downturn- Signet Jewelers (SIG): raised full-year guidance on improved salesSector Snapshot at Close- LVMH (MC.PA): ~EUR 473, down 26% YTD- Richemont (CFR.SW): ~CHF 161.80, near record high- Swatch (UHR.SW): ~CHF 215- Watches of Switzerland (WOSG.L): up 14% yesterday- Signet (SIG): raised FY guidanceLinks:- ALT/FNDATA: https://www.altfndata.com- Swiss watch exports: https://rapaport.com/news/us-market-continues-to-weigh-on-swiss-watch-exports/- De Beers diamond data: https://rapaport.com/news/natural-diamond-spending-and-sizes-rising-de-beers-says/- Kao mine closure: https://rapaport.com/news/kao-mine-to-shutter-amid-rough-price-downturn/- Signet sales: https://rapaport.com/news/strategic-revamp-still-paying-off-as-signet-sales-improve/Also from ALT/FNDATA:- Open Bid — Mon-Fri at 6 AM ET- Luxury Spending — Wednesdays at 8 AM ET