Swiss watch execs say the market is 'slowing down' — but that just means waitlists for new Rolexes or Patek Philippes are a little less long

• The frenzy for new Swiss luxury watches is softening from its pandemic peak, when exports hit $27.6 billion.
• "The market is a little bit slower than before," Patek Philippe chairman Thierry Stern told Bloomberg.
• That doesn't mean watches from top brands are suddenly available to buy — it just means waitlists are slightly shorter.

The all-out global frenzy for Swiss luxury watches is coming down from its pandemic-era peak, according to executives at leading brands, including Patek Philippe.

"I see in the past two months, the market is a little bit slower than before," chairman Thierry Stern told Bloomberg.