The luxury Swiss watch maker Vacheron Constantin said it has sold all of its 2012 output of 19,000 timepieces in the first two days of the SIHH 2012 watch fair in Geneva.

“It will be a good year, but I think it will be less than last year,” Vacheron Constantin Chief Executive Officer Juan-Carlos Torres said. China, a key growth driver for the watch industry, isn’t likely to see a sharp slowdown, he said.

Vacheron Constantin has been in business for more than 250 years making it the oldest Swiss watchmaker in continuous operation.

Vacheron Constantin is expanding from 29 to 37 stores adding eight new boutiques this year. Two of the new boutiques will be located in Macau and Paris. The company will open another watch making facility to its existing facility in Geneva allowing for 2013 capacity to be 21,000 pieces and 30,000 watches sometime between 2015 and 2017.

The watchmaker was recently added to the portfolio of Cie. Financiere Richemont SA (CFR), the world’s second-biggest luxury-goods company.