GIA announces the release of a comprehensive global report on Watches and Clocks market. Although tempered by the recent economic recession, the global market for watches is projected to reach $46.65 billion, while the global clocks market is projected to reach $5.42 billion by the year 2017. Growth in the watches and clocks market over the next few years will be primarily driven by resurgence in demand for luxury watches, growing popularity of fashionable and innovative models and robust demand from developing markets, particularly Asia-Pacific.
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