Swiss watch exports posted the leading quarterly drop since 2009 given that the industry faces declining demand across its main markets.

Shipments fell 8.9 percent within the first quarter, adjusted for business days, depending on data from Switzerland's customs office. Exports declined 16 percent in March to one.5 billion francs ($1.5 billion), the lowest level for that month in five-years, the Federation within the Swisstag heuer watches for saleIndustry said in the separate statement. The falloff was broad-based, reaching 38 percent in Hong Kong, 33 percent on the U.S. and 14 % in China.

"What's most surprising is the fact a lot of topomega watches replicafinance industry is in the red," said Zuzanna Pusz, an analyst at Berenberg within. "Even once you adjust for the challenging comparison base, it's really a really big drop. And what's most worrying is the fact that there is no clear outperformance elsewhere, no shift even to another region to partially comprise for what's lost in Asia."

A boom in recent times very busy for Rolex, Omega and Cartier timepieces has ventured into bust as Swiss watchmakers confront a laundry number of challenges. That's generated job-cut negotiations at Cartier, Vacheron Constantin and Piaget. It could be prompted some brands to reshuffle management: Parmigiani Fleurier's interim chief executive officer resigned last month just five months after he replaced outgoing Jean-Marc Jacot.

The export figures contrast with Swatch Group AG Founder Nick Hayek's comment inside of an interview with Le Temps recently how the publication rack healthy. He was quoted with the newspaper saying the Swiss franc is entirely overvalued, causing terrible damage in Switzerland. Hayek says he desires to avoid job cuts within the downturn.

Shares of Swatch, which will make Omega and Longines watches, fell as much as 2.Five percent. Richemont, the owner of Cartier, dropped just as much as 1.9 percent, and LVMH, whose brands includelongines watches replica, declined nearly one.1 percent.

"It's season number," said John Guy, an analyst at MainFirst Bank london. "But in addition, we had no great expectations starting the March exports. We do expect April to enhance, of course, if that continues to be soft, its going to mean trends are weaker than we expect."