The Swiss watch industry is renowned for its precision, craftsmanship, and luxury. It produces a wide range of timepieces, from affordable models to high-end luxury watches. Major brands like Rolex, Patek Philippe, and Omega are known for their innovative designs and reliable movements, often featuring intricate mechanical mechanisms. This industry is a significant part of Switzerland's economy, contributing to both employment and exports. The Swiss Federal Act on the Protection of the Swiss Cross ensures that only watches meeting specific criteria can be labeled as "Swiss Made," maintaining the reputation for quality and authenticity associated with Swiss timepieces.