China represents 23 percent of all watch-related searches, according to the WorldWatchReport, published by Digital Luxury Group.

FORBES: China Overtakes U.S. In Luxury Watch Demand

Additionally, Thailand, at the basic end of production--it is the world's largest rice exporter, for example--has to watch the emergence of low-wage Vietnam as a "China plus one" world supply source.

FORBES: A Mightier Baht

Double-digit growth in jewelry and watch sales, strong demand in China and Latin America, and resurging U.S. and European markets have all contributed to what is expected to be a growth of 13 percent in worldwide luxury consumption in 2011, according to a recently released report.

FORBES: Jewelry and Watch Demand Drives Global Luxury Consumption