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The world's richest people are likely to see the value of their assets shrink for the first time in at least 12 years in 2008, according to a report by Capgemini SA. Weaker spending may cause a drop of as much as 15 percent in Swiss watch exports next year, John Guy, an analyst at MF Global Securities, estimated. "The pain will be shared by all," wrote Alessandro Migliorini, an analyst at Helvea SA in Geneva. "The shock replica Baume & Mercier MOA08572 Ladie's watches wave from the financial crisis has finally hit all major markets. "Heiniger, who replaced his father Andre in 1992, will leave Rolex at the end of the year, the watchmaker said Dec. 16. He was the third executive to lead the company since the brand was created by Hans Wildorf in 1908.
