March 29, 2023

Tissot watches still for sale in Pyongyang, despite UN Security Council sanctions

Image reveals high-end luxury goods being sold in the North Korean capital

Wristwatches produced by luxury Swiss manufacturer Tissot continue to be on sale in North Korea, images taken in January and obtained by an informed source show, despite UN sanctions forbidding the DPRK from importing luxury goods.

One watch pictured at a hard-currency shop in Pyongyang included a price tag of KPW148,000 – about $1,450 based on NK Pro official exchange rate data in late April – up some 40% from the timepieces’ $975 selling price on Tissot’s official website.