I’m always impressed by the Swiss. They manage to charge an arm and leg for regular things that a lot of the world makes nearly as well on purely mystique and vibes. Watches, chocolates, diamonds, banking etc.
I don't think "a lot of the world" makes a clock like this.
Also that "mystique and vibes" is essentially "a reputation of quality", which has to be earned, and I'd say they did that. Whether it still holds is another question.
