Switzerland'S Peak Group Is Optimistic About Its Strong Overseas Shopping Momentum.

The luxury industry has been hit by the slowdown in China's economy, the great impact of anti-corruption and the recent stock market turmoil. The devaluation of the yuan last month has also begun to worry that Chinese consumers' overseas consumption will be weakened. In fact, Chinese tourists' desire for high-end watches and jewellery has not diminished.

The Global Blue data showed that the consumption of Chinese tourists increased by 75% in the first half of this year, up from 72% in the past August.

Analyst Thomas Chauvet said on Wednesday that retail demand growth in mainland China was unexpected, but he stressed that "the demand in the US market continues to be sluggish and the wholesale sales situation in the Asia Pacific region is not optimistic."

In terms of sales figures, the group is the second largest luxury group in the world, behind France's LVMH group.

According to the analysis of Vontobel Bank of Switzerland, the sales volume of 38% is from Europe, and it occupies a favorable position in this traditional market.

By comparison, only 12% of Tiffany& Co, the number one luxury jeweller in the US, comes from Europe.

Last month, Tiffany predicted that annual profits would fall beyond expectations.

Due to the high exchange rate of the US dollar and the rising cost of new products, Tiffany continued to decline 16% in the second quarter after a 16.4% decline in first quarter profits.

(see "ornate ambition" previously reported: "the cost of innovation: the increase in R & D costs, leading to the first half of Tiffany profits fell")

Although Hongkong and Macao are still in the doldrums, Mr Li said the mainland has reversed the previous downward trend, with double-digit growth in retail stores.

Bernstein senior analyst Mario Ortelli said: "this shows the advantage and banner of the group in jewelry industry."

The great appeal, especially Cartier (Cartire) and Van Cleef & Arpels (Van Cleef & Arpels), are the two most important brands in the jewelry industry.

Compared with other luxury goods, jewelry has fewer competitors and faster growth.

The business performance of the peak group is in line with the findings of Deloitte (DDT) released this week - the main reason for the poor performance of the watch business is the decline in demand in the Asia Pacific region.

Deloitte, which began in 2012, showed that there were more pessimistic executives in the Swiss watch industry than the optimistic ones.

The study is based on 51 bits.

Industry executives' online surveys and discussions, as well as data agency Research Now, conducted surveys of over 3000 consumers from China, France, Italy, Japan, Switzerland and the United States.

In a rare statement, the Swiss Watch Federation rebutted the report's conclusion. They said: "the sample of the survey is not convincing enough.

Swatch, the world's largest watch maker with Omega, OMEGA, Breguet and Bao Ji Swatch, has not participated in the survey.

Therefore, the results of the survey can not fully reflect the status of the Swiss watch industry, and can only provide a one-sided view.