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Story summary
- The war in the Persian Gulf has raised energy prices and disrupted supply chains, threatening the Watches and Wonders fair in Geneva.
- Ming Liu, an industry analyst, says uncertainty remains high due to geopolitical tensions.
- Swiss watch exports are expected to decline.
- Rolex and Cartier continue to gain market share as high-end watches dominate exports.
- Swiss-made watches account for 96% of the global luxury market, underscoring Switzerland's enduring prominence.
