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ZURICH, Feb 27 (Reuters) - The coronavirus is holding Chinese language vacationers away from its London boutiques, British retailer Watches of Switzerland said on Thursday, however local demand for Rolex timepieces is so strong it's making up for the decline. A spokesman defined the slightly slower growth charge in the third quarter of 6.8% was mainly resulting from a Rolex worth increase that had boosted progress in the first half of its fiscal yr. Demand for Swiss luxury watches has been below stress recently, but Rolex is outperforming different manufacturers, which helps Watches of Switzerland as the No.1 Rolex retailer within the UK. Watches of Switzerland, which additionally owns Mappin & Webb, Goldsmiths and U.S.-primarily based Mayors, reported like-for-like sales progress of 8.9% for the nine months to Jan 26. Duffy stated he expected the same development charge for the complete yr. Organisers of the Geneva watch truthful stated on Thursday they were cancelling their occasion as a result of virus. Duffy stated there was some proof of brands delivery unsold stock from China to other markets. Vacationers from China, the place the virus originated in December, have traditionally been the largest consumers of Swiss watches. Duffy said, adding they'd not had any additional allocation of product yet. Demand for Rolex, but additionally Patek Philippe and Audemars Piguet, was so robust there were really supply constraints, he stated. Shares in the group were down round 1.2% at 1220 GMT.