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Swiss watch exports are 29% lower for the first 10 months of 2020, after recovering from drops of 96% drop in April and 77% in May.
There is some optimism from July's report from the Federation of Swiss Watch Industry, which shows that exports rose by 3% in the UK.
Mainland China's hard and targeted lock down has limited economic damage and led to it becoming the biggest export market in the world for Swiss watches in June.
If the wipe out in April and May continues, as expected, into most of June, exports to the UK will be down by close to 50% for the year to date.
Exports to the United Kingdom all but stopped, with a decline of 96.4%.
Data for March shows wholesalers and retailers were already bracing for lock down.
Switzerland's most successful watchmaking brands entered 2020 in good health, with the majority notching a rise in sales last year.
With coronavirus scaring the bejesus out of the luxury Swiss watch industry, memories of a solid performance in 2019 are fading fast.
Exports to the United Kingdom drop by 3.7% in May, but remain 30% up for the year-to-date.
Federation of Swiss Watch Industry says extraordinary growth of exports to Britain is due to fears over no deal chaos.