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Business News: Swatch Group Gets Green Light In Mechanical Movements Case
ETA now can operate freely in Switzerland's more competitive mechanical movement market, COMCO says.
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In-depth: Time Consciousness and Discipline in the Industrial Revolution
One of the most indelible scenes from Modern Times, the 1936 Charlie Chaplin film about the dreary life of an oppressed factory worker in Depression-era America, has Chaplin’s character strapped to a contraption that feeds him automatically, leaving his hands free to continue working on the assembly line below the dining platform. In the film, the scientists behind the feeding machine market it to the factory owner as “a practical device which automatically feeds your men while at work. Don’t stop for lunch: be ahead of your competitor. The Billows Feeding Machine will eliminate the lunch hour, increase your production, and decrease your overhead.” The “Billows Feeding Machine” in Modern Times While Modern Times was a caricature of a factory worker’s life, the film contains much truth, especially in how it illustrated the burgeoning preoccupation with time during the Industrial Revolution. An era marked by drastic shifts in culture, economics, politics, and technology, the Industrial Revolution was also characterised by an evolution in how time was perceived. Propelled by the needs of industry, time as a concept became synonymous with profit. Eventually growing to permeate all levels of society and industry, this time consciousness had a profound impact on the world that continues today. A landscape of factories Predominantly agrarian and rural societies were transformed during the Industrial Revolution, becoming industrialised and urbanised. This started in...
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Glashütte Original Introduces the PanoLunarTourbillon Limited Edition
Contemporary yet traditional, the Pano collection has been a staple of Glashütte Original’s offerings. The latest Pano wristwatch is a departure from the line’s typically clean styling – the PanoLunarTourbillon Limited Edition. Limited to 25 watches with a platinum case, the new watch is a variant the standard tourbillon model, dressed up with impeccable engraving on the dial and movement. Initial thoughts With hand-engraved filigree decoration across the dial (and movement, this is easily one of the most attractive in the Pano collection, more so than the standard PanoLunarTourbillon. Similar to the decoration usually found only on the balance cock of Glashütte Original movements, the engraving is made up of pronounced lines and a complex pattern, giving the watch a markedly different character from the standard model. The hand engraving was executed in Glashütte Original’s dial factory in Pforzheim And the look is further enhanced by the metallic blue of panorama date, hands, indices and moon phase, a blue-on-silver livery that provides a sharp and elegant contrast. While the look is elegantly ornate, it’s a big watch, clocking in at 40 mm wide and 13.10 mm tall, probably a bit too big for a watch of this style. The case size suits contemporary tastes, but something thinner and perhaps 38 mm in diameter would work better with the design. German aesthetic Underneath the decoration, the watch is identical to the standard PanoLunarTourbillon. It retains the a...
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Seiko Introduces the Prospex LX Limited Edition SNR045 Spring Drive Diver
Launched at Baselworld last year, the Seiko Prospex LX is a series of solidly-engineered sports watches conceived for air, land and sea – and designed in collaboration with Ken Okuyama, once the Creative Director at Pininfarina and one of Japan’s most prolific car designers. Powered by Seiko’s trademark Spring Drive movement, the Prospex LX Limited Edition SNR045 retains the familiar design modelled on the Seiko 1968 Hi-beat Diver, but now dressed in green. The textured dial is inspired by an underwater forest of moss pillars – nicknamed “kokebozu”, or “moss child”, by Japanese scientists – located at the bottom of a lake in Antarctica’s Skarvsnes Foreland. The “kokebozu” moss pillars in Antarctica Initial thoughts With both its dial and glossy ceramic bezel in forest green, the watch is immediately striking – and reminiscent of well-known, hulking green dive watch. The all-green dive watch is fashionable now, and Seiko is one amongst a host of brands doing it, so the colour is not unique. But Seiko executes its watches well – quality is excellent inside and out – and excels in highly-functional dive watches that perform well in legibility and usability. That sets this apart from the competition. As a sucker for textured dials, the ribbed dial pattern – meant to evoke the aquatic moss pillars – is highly appealing. It adds depth and character to what is otherwise a no-nonsense “tool” watch. I am not a fan of the power reserve in...
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Richard Mille Introduces the RM 11-05 Automatic Flyback Chronograph GMT
A star of contemporary watchmaking as a result of its consistent innovation in unusual, lightweight materials, Richard Mille watches have a unique style that is instantly recognisable. A bestseller that’s arguably the brand’s signature watch, the RM 11 is large, technical-looking, and now in its fifth generation. The RM 11-05 Automatic Flyback Chronograph GMT is the latest to join the RM 11 line-up, which was first launched over a decade now but regularly face-lifted. Limited to 140 pieces and powered by the same RMAC3 calibre found in its predecessors, the RM 11-05 continues Richard Mille’s material-centric design with a case in grey cermet. Initial thoughts Richard Mille watches are unfailing bold, and often extravagant; the RM 11-05 sticks to that formula and is immediately identifiable. It is a modest, incremental change over earlier RM 11 variants, so it doesn’t offer substantial novelty. But for a fan of the brand and its trademark style, it is very much the traditional Richard Mille look and feel. Blending metal and ceramic The RM 11-05 is novel in its case material – surprising since the brand seems to have used every conceivable modern material – which is grey cermet case, a first for Richard Mille. A contraction of ceramic and metal, cermet is a composite of ceramic and metal alloy, resulting in a material that combines the properties of the two. Cermet is more commonly employed in ballistic protection and aerospace components. Although the m...
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Bovet Introduces the Récital 26 Brainstorm Chapter Two
Helmed by Pascal Raffy, Bovet is a small and independent brand that excels in timepieces that are ornate, original and eccentric – and often highly complicated. The modern-day philosophy of the brand echoes the brand’s origins in the 19th century when it was a leading purveyor of pocket watches to the Chinese market. This year, Bovet furthers its distinctive expression of watchmaking with the Récital 26 Brainstorm Chapter Two. Features an imposing but transparent sapphire case with a sloped, “writing desk” profile, the watch is equipped with a host of complications, from a flying tourbillon to a three-dimensional moon phase. And despite the name, Brainstorm Chapter Two is not just a sequel to the Brainstorm Chapter One, but is more like a newly-conceived watch. Initial thoughts Immediately eye-catching, the sapphire case has a very unconventional inclined shape. Introduced in 2016, the form takes after the traditional sloped-top writing desk and is now a signature Bovet design. While transparent sapphire cases are not new – they are in fact commonplace today with watches with several launched this year, including the Hublot Big Bang Unico Sapphire and the Chanel J12 X-Ray – the Bovet case is unusual in form. It is not entirely sapphire, however, and instead made up of a titanium frame of the case back and lugs, with the sapphire case middle and front mounted on the frame. The titanium case back and its pins that secure the sapphire case middle Though fashi...
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A. Lange & Söhne Introduces the New Lange 1 Time Zone
One of the most high-spec travel watches on the market, the Lange 1 Time Zone has just gotten a major revamp. The new Lange 1 Time Zone looks pretty much like the old one, but it’s powered by a brand-new movement that’s been developed from the ground up. Though it retains the same functions as before – plus a basic daylight savings time reminder – the dial has been improved, both in terms of display as well as details. Initial thoughts The original Lange 1 Time Zone was an ambitious travel watch that did a lot – twin time zones with individual day and night indicators, cities disc, oversized date, and power reserve. Functionality was maximised, but the interface and display was complex. The new Lange 1 Time Zone takes it a step further with the addition of a simple daylight savings time reminder that’s discreet enough to be almost invisible. But because the watch still has so many features, the interface inevitably remains complex, with two pushers plus a crown, making it a bit fiddly to use. Add to that the large and heavy case, and the Lange 1 Time Zone isn’t the most practical of travel watches. It really is for someone who appreciates the technical complexity and also enjoys interacting with the watch. Technical accomplishment remains an appeal in the new model. In typical Lange style, the new watch is powered by a movement developed from the ground up. A substantial amount of effort was expended to retain the same look – as was done with the Lange 1 ...
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State of the Industry: The Luxury-Watch Market in China After the Pandemic
By far the most important markets for luxury watches, China and Hong Kong together accounted for over 21% of Swiss watch exports in 2019 according to trade body Federation of the Swiss Watch Industry. Add to that Chinese travellers who buy watches overseas, and the fact is the luxury-watch business is dependent on Chinese demand. So the crucial question for the watch industry’s future – what’s happening in the Chinese watch market post-pandemic? On May 10, one of the trending topics on microblogging platform Sina Weibo was the US$30 billion plunge in the net worth of LVMH chief Bernard Arnault, mirroring the sharp drop in LVMH shares. But barely a week before – exactly a month after the end of Wuhan lockdown – there were nearly 100 customers queuing outside the Louis Vuitton boutique in Shanghai’s Plaza 66, all eager to shop before the brand’s price hike. The line outside Louis Vuitton reflected the rebounding demand for luxury goods in China as it emerged from a lockdown. “Macro Data Indicates a Surge in Consumption” – read the headline in the business-focused Workers’ Daily newspaper on May 16. The sentiment is backed up by the latest data from the National Bureau of Statistics of China published in mid June. Though the statistics indicate retail sales of consumer goods declined 13.5% on a nominal basis from January to May, totalling RMB1,387.3 billion for the year to date, the monthly figures indicate a recovery is underway. The monthly numbers s...
Quill & Pad
Czapek Antarctique Tierra Adélie & Orion Nebula: The Restraint Stands Out
The newly released Antarctique is Czapek’s first foray into the steel sport watch market, a market segment that has exploded over the last couple years, by dipping its toes in with a “subscription” strategy for the first limited model. Find out what is so special about this particular addition to the sporty steel bracelet watch market.
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Up Close: Patek Philippe Calatrava Ref. 6007A “New Manufacture 2019”
Unveiled just a day ago, the Patek Philippe Calatrava ref. 6007A “New Manufacture 2019” is a commemorative edition for the completion of the brand’s huge headquarters in Geneva. Though it is a just time-and-date watch, the ref. 6007A has a few interesting details that set it apart from the typical Calatrava, and all the details come together nicely for a refreshingly modern – and expensive – Calatrava. While the launch of the ref. 6007A was largely a surprise, in some other ways it wasn’t. When Patek Philippe debuted the Calatrava ref. 5212A Weekly Calendar a year ago, it was a quirky outlier amidst the formality of the Calatrava line. But insiders revealed that the Weekly Calendar was a hint about the Calatrava’s future. While endowed with such a long history that “Calatrava” is almost a synonym for a thin, classical dress watch, the Calatrava line was getting old fashioned. Featuring hand-writing inspired markings on the dial, the Weekly Calendar marked a new design direction for the line. At the same time, the Calatrava collection has been trimmed significantly, leaving just four men’s Calatrava references (the refs. 5196, 5227, 5297, and 6006), and now the ref. 6007A. The Calatrava ref. 6007A “New Manufacture 2019” The Calatrava ref. 5212A Weekly Calendar Initial thoughts I like the look of the ref. 6007A. It doesn’t look like yet another silver-dial dress watch, which makes is especially appealing for anyone who already has a silver-dial d...
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A Collector's Story: My Swatch Collection!
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Tool Watch Revolution: Utilitarian Goes Upmarket – Reprise
Tool watches continue their evolution among the watch industry’s most luxurious and coveted brands. Here, Chris Malburg explores where their evolution has gone and might still go.
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TAG Heuer Introduces the Fragment Design Calibre Heuer 02 Chronograph
TAG Heuer’s first collaboration with streetwear guru Hiroshi Fujiwara of Fragment Design was the Fragment Design Carrera Heuer 02 of 2018. The vintage-inspired watch went down well and sold out quickly. Now the second collaboration has just been unveiled. Once again limited to 500 watches and powered by the same Heuer 02 movement, the TAG Heuer x Fragment Design Calibre Heuer 02 Automatic Chronograph is modelled on the Autavia models of the 1960s and 1970s, but again given a minimalist makeover by Mr Fujiwara, who happens to be a vintage watch aficionado himself. Initial thoughts As a watch collector, Mr Fujiwara no doubt understood the cushion-shaped Autavia case, sometimes known as the “C-case”, is an instantly recognisable Heuer that has presence, making it a good candidate for a collaboration. However, unlike earlier Fragment Design watch that looked almost like a real vintage watch, the latest edition looks far more contemporary, thanks to the high-contrast colours. The use of red is restrained, especially with the tiny hour markers, just enough to give the watch the right amount of auto-racing flair. While I am generally not a fan of a date window at six o’clock, it is nicely done here. The date disc is black to match with the dial, allowing the date display to blend into the dial. And the Fragment Design double lightning bolt logo at 12 o’clock serves as a visual counterweight to the date. The case has been upsized to 44 mm from the 42 mm of the o...
Time+Tide
VIDEO: The Longines HydroConquest 41mm in Khaki Green is flat out the best value dive watch on the market right now
The Longines HydroConquest 41mm in Khaki Green possesses two of the most popular characteristics found on any timepiece today – it’s a dive watch, and it’s green. But there’s so much more to this watch than those en vogue features. In fact, when you consider its very reasonable retail price, it might be one of … ContinuedThe post VIDEO: The Longines HydroConquest 41mm in Khaki Green is flat out the best value dive watch on the market right now appeared first on Time+Tide Watches.
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INTRODUCING: The TAG Heuer Connected Golf Edition, pre-loaded with 40,000 golf courses
It was only three months ago that the latest TAG Heuer Connected watch was launched, the third generation of the luxury Swiss smartwatch that first hit the market in 2015, the same year as the first generation of the Apple Watch. One (eventful) quarter later and we see the launch of the brand new TAG … ContinuedThe post INTRODUCING: The TAG Heuer Connected Golf Edition, pre-loaded with 40,000 golf courses appeared first on Time+Tide Watches.
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In-Depth: The Definitive Guide to the A. Lange & Söhne Handwerkskunst
When Walter Lange celebrated his 90th birthday in 2014, A. Lange & Söhne marked the occasion with a short interview. Asked how he would define the brand, the great-grandson of Ferdinand Adolph Lange quoted the late Günter Blümlein: “A Lange watch is a fusion of the arts… [and] the unique technology and artisanship to which we are committed.” Lange has created many special watches since it was re-established in 1994, but one family of timepieces embodies Blümlein’s description – Handwerkskunst. A line of limited-edition watches, Handwerkskunst – which translates as “craftsmanship” – is defined by traditional artistic techniques of decoration and exemplary hand-finish, a combination that is truly a “fusion of the arts”. The goal of this article is to provide the context behind the creation of the Handwerkskunst series, and to detail the individual models. The focus will be on the details of each model, how they differ from their standard counterparts, and the realised prices at auction – livened up by my personal experience and opinion. Five of the eight Handwerkskunst models launched to date, without the Richard Lange Pour le Merite, Cabaret Tourbillon, and Datograph Why handwerkskunst? I am often asked why I love Lange watches. It’s a long answer, but one reason goes beyond the watch themselves – it is the brand’s determination to preserve and develop the artisanal crafts in Saxony. In fact, Lange is something of a hub for artisans in the ...
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Two Broke Watch Snobs
The History of the Rotating Bezel and Reviewing the Longines Weems Reissue (In Two Parts)
Within the watch world, companies are always quick to recount their milestones and marks on watchmaking history. And yet, it’s puzzling as to why a feature as influential as the rotating bezel never really got its due...
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Jaquet Droz introduces Paillonnée Enamel “Fleur de Lys” and “Fleur de Vie”
Jaquet Droz was historically renowned for elaborate and ornamental pocket watches, often decorated with enamel and pearls, reflecting the brand’s on the Chinese market, which demanded lavishly decorated timepieces. The brand’s newest pair of paillonné enamel wristwatches – the Fleur de Lys Grande Seconde Paillonnée and Fleur de Vie Petite Heure Minute Paillonnée – embody the brand’s past aesthetic sensibilities. French for “spangled”, a reference to the tiny decorative pieces of gold foil that make up the pattern, paillonné enamelling has been a specialty of Jaquet Droz since its modern-day revival, starting with the very first Grande Seconde Paillonnée of 2004 that had a dial made by enamel artisan Anita Porchet. Jaquet Droz has since mastered the fine art of paillonné enamelling, with recent editions like the Paillonnée Enamel “Gold Arabesques” featuring dials made in its own workshops. Initial thoughts The new pair of paillonné enamel watches do not fail to impress with their vivid colours and patterns – gold paillons against translucent blue enamel over guilloché makes for a dynamic combination that immediately catches the eye. And up close, which is the best way to appreciate the enamelling, the gold paillons are tiny yet intricate and nuanced. The ring circling the sub-dials on both watches is made of 18k red gold Out of the two, I gravitate towards the Fleur de Vie due to its 35 mm case, which is fitting for a dress watch, esp...
Time+Tide
IN-DEPTH: The Longines HydroConquest 41mm in Khaki Green, a value proposition like few others
Right now, the dive watch market is more saturated than a saturation diver’s wetsuit. If you want a fit-for-purpose timepiece made to withstand the pressures and perils of H20, you are most definitely spoilt for choice. Of course, it’s understandable why watches that aren’t going to completely capitulate when coming into contact with water are … ContinuedThe post IN-DEPTH: The Longines HydroConquest 41mm in Khaki Green, a value proposition like few others appeared first on Time+Tide Watches.
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We’ve created a lockdown quiz (with a great prize) based on the epic El Primero video, because we’re bored too
Ladies, gentlemen, prepare to absolutely slay 35 minutes. And in the process, you’re going to put yourself in the running for one of the best two-watch carry options on the market. This week, we launched our second-longest ever YouTube video, and personally I think it’s the single best bit of storytelling we’ve ever put together. It … ContinuedThe post We’ve created a lockdown quiz (with a great prize) based on the epic El Primero video, because we’re bored too appeared first on Time+Tide Watches.
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Zenith Introduces the Chronomaster Revival “Manufacture Edition”
Zenith marked the 50th Anniversary of the El Primero last year with several historical remakes, including the editions for Phillips auctioneers as well as the El Primero A386 Revival, a set of watches that were a near-exact reproduction of the original. Now Zenith has debuted the final A386 remake – in steel like the original – with the Chronomaster Revival “Manufacture Edition” that’s equipped with a dial inspired by a long-forgotten prototype. Initial thoughts The Manufacture Edition is good-looking watch but a crucial factor in its appeal is the material – and price. Last year’s A386 Revival trio was only in 18k gold – one each in white, pink, and yellow gold. The Manufacture Edition is in steel, making it the most affordable A386 yet. Handsome and striking with a well-proportioned case and dial, the watch is very much a typical El Primero A386. The star of the new remake is unquestionably the dial. Employing the same tri-colour palette that’s the A386 trademark, this replaces the traditional tri-colour with different shades of the same blue, ranging from a bright azure blue to a dark midnight navy. For someone who loves the colour, this is appealing. The juxtaposition of the blue registers against the white dial promotes a stark and legible look. And it’s also worth noting the watch is not a limited edition – a wise move to avoid having unlimited limited editions – though distribution will be limited to Zenith’s e-commerce store and the ...
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New TIMEX Marlin Automatic 39mm - 70s inspired Dress Watch - Under $300
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Business News: Richemont Fortifies Balance Sheet with €2 Billion Bond Sale
Having just announced its full-year results while predicting a gloomy outlook for the business, Richemont has successful placed €2 billion of bonds, with coupon ranging from 0.75% for the 8-year note to 1.625% for the 20-year note. The bond placement boosts the Swiss luxury group’s robust balance sheet, which had a gross cash position of €6.34 billion and a net cash position of €2.40 billion at the end of March 31, 2020. The notes received an A+ rating from credit ratings agency S&P;, which also lowered its outlook for Richemont from stable to negative, “citing the possibility of a downgrade if the coronavirus pandemic causes the company’s credit metrics to worsen”. Widely regarded as a savvy investor who transformed his family’s tobaccco-and-banking empire into an even larger one focused the “hard” luxury of watches and jewellery, Mr Rupert’s belief in the severity of the pandemic-induced recession is obvious. That, in turn, does not bode well for the luxury watch business. Richemont’s biggest earner is Cartier – the jewellery division is half the group’s turnover – it also owns a host of luxury watch brands, including A. Lange & Söhne, IWC, and Panerai, which make up about 20% of its sales. During Richemont’s earning conference call on May 15, Mr Rupert explained the bond issue: “We have always believed in protecting our balance sheet… For years, a lot of investment banks questioned us about that it’s a lazy balance sheet. But h...
Time+Tide
Horological Society of New York responds to Coronavirus pandemic with Working Watchmakers Grant
The watch industry has a remarkable way of pulling together when times are tough. We see it every other year with the Only Watch auction raising money for muscular dystrophy. Jack Nicklaus auctioned his Rolex Day-Date last year to raise money for unwell children, and John Goldberger did the same with his unique white gold … ContinuedThe post Horological Society of New York responds to Coronavirus pandemic with Working Watchmakers Grant appeared first on Time+Tide Watches.
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Business News: Richemont Pessimistic After Weak Results
Richemont’s fourth quarter was one of the victims of the COVID-19 pandemic, pulling down its results for the full year to end-March 2020. Even though the full year’s tally was not down substantially, Richemont chairman Johann Rupert was gloomy in his prediction for the coming year. China, the first country to recover from the pandemic, has “apparently returned to ‘business as usual’ remarkably quickly” and Richemont stores there are enjoying now “strong demand”. But because everywhere else is only partway through the crisis, the plain-speaking South African tycoon raised the possibility of “12, 24 or 36 months of grave economic consequences”, while halving the annual dividend to €1 a share to conserve cash. Johann Rupert. Photo – Richemont The Swiss luxury conglomerate, which owns brands like Cartier, IWC, and Panerai, enjoyed “good sales performance” until the fourth quarter, with its jewellery brands and online retail performing better than other divisions, including watchmaking, which has lagged for several quarters. At actual exchange rates, annual sales eked out a 2% rise to €14.2 billion, with most regions growing slightly, save for a 5% decline in Asia Pacific. Net profit fell 34%, excluding a one-off, non-cash gain due to a share revaluation the year prior. The declines were largely due to the fourth quarter, where Richemont took a massive hit. In the last quarter, sales fell by 18% globally, with Hong Kong crashing 67%. The group end...
Time+Tide
MICRO MONDAYS: The Farer Oxley GMT offers quarantine comfort, for the right amount of cost
Editor’s note: This week on Micro Mondays we focus our gaze on a British brand that has made waves in the space over the last few years, delivering affordably priced watches with ample character to make them stand out from an increasingly crowded segment of the market. Farer are not immune to taking cues from … ContinuedThe post MICRO MONDAYS: The Farer Oxley GMT offers quarantine comfort, for the right amount of cost appeared first on Time+Tide Watches.
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Ming Introduces the 27.01
Ming is a “micro brand” that has gained tremendous recognition in a remarkably short period thanks to a well-cultivated design language and smart pricing. While the brand started out with the affordable 17 series, it then went upmarket with the 19 series. Now the brand has unveiled a new model that’s in-between the two, the Ming 27.01. In many ways it’s an evolution of the entry-level 17 series, with a more elaborately-conceived but notably thin case as well as a major upgrade in terms of mechanics, resulting in a slightly higher retail price of 3,950 Swiss francs. Initial thoughts The 27.01 is a good-looking derivative of the 17 series that launched the brand. But it’s not just a similar design, the watch has been upgraded in a useful way, mainly with slimmer proportions and a more interesting movement. Though the base movement is a pedestrian ETA Peseux, it’s been smartly modified to look different and attractive (though the revamped bridges look a bit skimpy leading to minor worries about shock resistance). While the 17 series was great value for money – and cost very little money – the 27.01 is pricey in comparison. It’s priced substantially higher, at about US$4,000, which is still reasonable value, but less easily compelling than the 17 series. An exercise in reductivism While the 27.01 retains the same 38 mm case diameter as the 17.01, its height of just 6.9 mm 27.01 makes it the slimmest Ming watch to date. Because of its svelte dimensions, the ca...
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