1 the market international luxury goods industry is profiting from renewed desire for ex pensive watches clocks and refined jew ellery in past year has recorded a perceptible upswing after still having suffered effects of recession as well iraq war sars previ ous years back demand al though not strongly germany which on brink crisis but to make up this all more us asia eastern europe by now are part growth markets dustry economic these countries particular contributed watch clock there already almost been return euphoric mood that prevailed at end nine ties swiss world leader was able record an export boom 2004 also anticipating significant although trade jewellery precious stones with increasing revenues german jewellers traders best stagnating income