Expensive Watches Make for Expensive Repairs

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Guess what, everyone? That ten-pound Patek Philippe you've been lugging around on your wrist may wreak more financial havoc yet: "Some 127 million Swiss watches will be due for maintenance as a five-year export boom that tapped newly rich status-seekers from China to Wall Street ends. The costs may both surprise owners and burden producers." To wit: Montres Villemont SA declared bankruptcy this year, thanks in part to expenses related to filling repair orders. [Bloomberg]