"In view of the latest developments concerning the worldwide spread of the COVID-19 coronavirus, it is the FHH's duty ... to anticipate the potential risks that travel and important international gatherings could entail," the FHH said in a statement.

The show, dominated by Richemont brands like Cartier and IWC, was initially supposed to take place from April 25-29. The cancellation places an even bigger question mark over the rival event, Baselworld, that is scheduled to open its doors on April 20.

(Reporting by Silke Koltrowitz; Editing by Michael Shields)