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watchtime1
7
May 26, 2017
To those wondering about the Glycine brand being devalued with such price reductions, the market for Swiss watches overall is in decline. Swiss watches exported were down last year and are below last year's pace thus far this year. It appears that Swiss brands are competing for a smaller slice of a shrinking pie as exports to Asia, Europe, Australia and even the U.S. are in steady decline. Top tier brands like Rolex and Omega are not feeling the pinch yet, but I suspect they will begin offering modest discounts shortly. There are websites where you can purchase both brands at anywhere from 25% to 48% off retail. Which leaves the smaller brands with no option but to offer significant discounts.