Watches and Wonders 2026: Rolex, Patek And Cartier Meet Luxury’s Gulf Shock
Watches and Wonders Geneva entered its final public days Sunday as luxury brands faced sharp sales drops in the Gulf due to Middle East conflict. LVMH, Kering, and Hermès all reported declines tied to weaker Gulf demand, with Dubai mall sales plunging up to 50% in March. Airport retail also suffered as flight cancellations peaked. Swiss watch exports fell for a second year in 2025.