Swiss Central Bank Sets Watch World on Edge (The New York Times)

David Sadigh, founder and chief executive of the Digital Luxury Group, a marketing agency based in Geneva, cited a host of additional factors that drove up the cost of producing Swiss watches in recent years, from the shortage of parts and movements provided by third parties to the rise in labor and material costs — especially gold, which peaked above $1,900 an ounce in 2011 before slipping over time to around $1,200 today.