The United States has officially reduced tariffs on Swiss watches and several other Swiss exports, cutting duties from 39% to 15% as part of a newly announced trade agreement. The White House confirmed the move on 14 November, describing the accord with Switzerland and Liechtenstein—which shares the same customs framework—as a “historic trade deal” aimed […]

The post US Slashes Swiss Watch Tariffs from 39% to 15% in New Trade Pact appeared first on The Jewelry Magazine.

The Swiss government has prolonged its short-time work compensation scheme for the nation’s watchmakers, offering extended relief as the sector grapples with the effects of new US import tariffs. Following the introduction of a 39% tariff on Swiss watches by the United States in August 2025, Swiss authorities confirmed that the scheme—originally designed as a […]

The post Switzerland Extends Support Program for Watch Industry Amid US Tariff Impact appeared first on The Jewelry Magazine.

In a turbulent year for the global luxury watch industry, the second-hand market is proving a rare bright spot. Pre-owned Rolex and Patek Philippe models are leading a modest yet meaningful recovery, even as new watch sales face headwinds from tariffs, currency pressures, and sluggish demand in key regions. The Bloomberg Subdial Watch Index — […]

The post Pre-Owned Rolex and Patek Philippe Watches Shine Amid Luxury Watch Market Slump appeared first on The Jewelry Magazine.

India is on high alert as the U.S. prepares to potentially raise tariffs, threatening to worsen the already fragile state of the country’s diamond and jewelry industries. The Trump administration has stated its goal of addressing trade imbalances by adjusting tariffs, particularly aiming to bridge the current disparity between U.S. and Indian import duties. Currently, […]

The post Trump’s Tariffs: A Looming Crisis for India’s Diamond and Jewelry Exports appeared first on The Jewelry Magazine.