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The price of raw materials impacts the watchmaking sector

The price of raw materials impacts the watchmaking sector

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Rising steel and copper prices in particular are affecting suppliers to the Swiss watch industry.

 

The global rise in prices, including industrial metals such as steel and copper, is affecting Swiss suppliers to the watchmaking sector, who are anticipating a drop in their margins for this year, 2022.

 

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We are not currently suffering from supply disruptions, but from a steady increase in delivery times,” Pierre Dubois, managing director of Dubois Dépraz, a manufacturer specializing in watch components and complications, told AWP. “Prices have increased by an average of 10% to 20% depending on the alloy and the different suppliers. (…) “If prices are adjusted, it is to reflect a generalized increase in costs, from labor to energy to materials. As well as investments in machinery and other means of production,” he continued.

 

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Featured photo : © H. Moser and Cie

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