New Criteria for "Swiss Made" Label

The watch's technical construction and prototype development must be fulfilled in Switzerland. Production cost does not include raw materials, gems and batteries. under the old ordinance, 50 percent of the movement's value must be relevant to Swiss-made parts. For the mechanical movements, the FH proposed to increase this proportion to a minimum of 80 percent, and to 60 percent for electronic movements.The provisions voted by the assembly are relevant to both the timekeeping mechanism and the finished watch. The new project has suggested a value criterion for finished watches. So, what are the basic rules for the Swiss-Made mechanical watches to be worth featuring the 'Swiss made' label, according to the new ordinance? Consider the following: the Swiss-Made mechanical watch must have at least 80 percent of its production cost relevant to operations conducted in Switzerland. For electronic watches, the rate makes up 60 percent.