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Middle East War Disrupts Global Economy, Luxury Watch Industry

The U.S. and Israeli war against Iran that began on February 28 has triggered widespread global economic impacts, including increased energy prices and disrupted trade, negatively affecting the outlook for the luxury watch industry. This comes as the Watches and Wonders fair in Geneva, a premier industry gathering, concluded on April 15, 2024, setting new records but facing a cloud of uncertainty.

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