Almost every day we read about the crackdown on the gift giving market among government officials and bodies in China, and how it is causing the watch sector in particular, serious heart problems. Sales are down 60% according to some sources, which is quite possible, but we have to be realistic and observe that sales in 2011 hit a record high, and wouldn’t have attained the previous level anyway…..

The full article content is only available to Luxury Insights China subscribers.