Hodinkee
Breaking News: All The Winners From The 2021 GPHG – And Our Thoughts
Bulgari, Zenith, Louis Vuitton, Piaget, Grand Seiko, and MB&F; walk out of Geneva as this year's big winners.
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Gérald Genta's 1975 Roman-coin-inspired design. Bulgari's best-selling watch for 50 years.
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TAG Heuer (1999), Zenith (1999), Hublot (2008), Bulgari (2011), plus Louis Vuitton in-house and Tiffany & Co. Bernard Arnault\'s Paris-based group.
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Wristshot gallery from the Horlogeforum Bulgari thread.
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SJX Watches
Winners – 2021 Grand Prix d’Horlogerie de Genève
The award ceremony of 2021 Grand Prix d’Horlogerie de Genève (GPHG) just kicked off the biggest week in Geneva’s horological calendar. Widely regarded as the all-encompassing awards of watchmaking, the GPHG is made up of fourteen prizes for individual categories, plus a special prize for the watch of there year. And here are the year’s winners. Aiguille d’Or Grand Recognised for its aesthetic and technical qualities – it is the thinnest perpetual calendar wristwatch ever – the Bulgari Octo Finissimo Perpetual Calendar took home the top prize of the event. Audacity The winner certainly lives up to the name of the prize. The Louis Vuitton Tambour Carpe Diem is over the top but finely decorated in an artisanal manner, with an impressive movement that combines an automaton and minute repeater. Innovation Deserving of its prize, the Bernhard Lederer Central Impulse Chronometer is one of the most technically impressive watches of 2021. And that’s because it’s kitted out with a double-wheel escapement powered by twin going trains, each equipped with a remontoir d’egalité constant force mechanism. Men’s Watch Grand Seiko’s Elegance SLGH005 “White Birch” is equipped with an impressive, latest-generation calibre, the cal. 9SA5. It was a worthy winner, though it has to be said that the competition was not especially strong this year. Launched last year for Grand Seiko’s 60th anniversary, the cal. 9SA5 is the brand’s highest-end mechanical movement ...
SJX Watches
Watches & Wonders Will Return to Geneva in 2022
After two years of digital fairs – and several sold-out physical fairs in China – Watches & Wonders is finally happening in Geneva. First announced for 2020 as the successor to the long-running SIHH, which for two decades was the luxury-watch fair in Geneva, Watches & Wonders (W&W;) 2022 will take place from March 30 to April 5 at Palexpo, with 39 brands in attendance. All of the major names that spurred the demise of Baselworld will exhibit at W&W; 2022, namely Rolex, Patek Philippe, Chanel, Chopard and Tudor. They’ll be joined by most of the brands owned by Richemont, the Swiss luxury group that was historically the anchor of SIHH, the event that preceded W&W;. Amongst the Richemont brands are A. Lange & Söhne, Cartier, IWC, and Vacheron Constantin. Another luxury group represented at the fair is LVMH, which has all three of its watch brands – Hublot, TAG Heuer, and Zenith – taking part. Bulgari, however, is notably absent, perhaps because there are already two Richemont-owned jewellers present. One of the significant newcomers is Grand Seiko, which only just announced its participation in the fair. Seiko was a longtime mainstay of Baselworld, so it’s not surprising that its top-of-the-line brand is returning to Switzerland to exhibit its newest watches. The gang returns, except for the independents As was the case with SIHH in the past, W&W; 2022 will include the Carré des Horlogers, a square dedicated to independent watchmakers. In years past the carré co...
SJX Watches
Louis Erard Drops Quirky Regulator in Design-Studio Collab
Since recruiting Manuel Emch, best known as the former chief executive of Jaquet Droz, to advise on strategy and design, Louis Erard has rolled out interesting collaboration watches at a steady pace. To date, the brand has worked with Alain Silberstein and also Vianney Halter, both of whom added their idiosyncratic flair to the brand’s trademark regulator wristwatch. Now Louis Erard has just unveiled its fourth collaborative edition, the Le Régulateur x atelier oï. This time, however, the brand looked outside the watch industry for aesthetic direction. Founded in 1991, Atelier Oï is a design studio with a diverse repertoire ranging from furniture for Louis Vuitton to perfume bottles for Bulgari. The new regulator is the first wristwatch penned by Atelier Oï. The three founders of Atelier Oï: Aurel Aebi, Armand Louis and Patrick Reymond Initial thoughts Like the earlier collaborative editions, the Le Régulateur x atelier oï is all about design – essentially a new dial to go with the standard case and movement. Strikingly distinctive, the latest regulator is radically minimalist, with the dial doing away with all scales, indices, and branding. The dial markings consist only of straight lines arranged in a radiating spiral that create a hypnotic pattern. At the same time, the radial nature of the lines give the dial an expansive feel. Add to that the industrial, monochromatic finish and the effect is magnificent, evoking the fan-like structures found on cable-s...
Hodinkee
Our 6 Favorite Watches From Geneva Watch Days
Bulgari, Breitling and more.
SJX Watches
Interview: Guido Terreni, CEO of Parmigiani Fleurier
Parmigiani Fleurier is one of the pioneering independent watch brands, having been established in 1996 by Michel Parmigiani, watchmaker and restorer extraordinaire. While Parmigiani is a company of relative youth, its founder is a legendary watchmaker universally acknowledged as one of the most talented restorers of vintage watches and clocks. Mr Parmigiani has repaired timepieces in the world’s most venerable watch collections, including the Patek Philippe Museum. Over 25 years of existence, Parmigiani has garnered respect for the quality of its timepieces, though commercial success has consistently eluded it. Being owned by Sandoz Family Foundation, Parmigiani has long enjoyed the largesse possible only with a multi-billion franc endowment funded by a Swiss pharmaceutical fortune. But now perhaps change is in the air. Just earlier this year, Parmigiani tapped Guido Terreni for the top job. Prior to Parmigiani, Mr Terreni spent two decades at Bulgari, the second half of which as head of its watch division. And it was during his tenure that Bulgari’s timepiece business enjoyed a revival of the sort that Parmigiani’s owners are no doubt hoping for. I caught up with Guido earlier in the year to discuss his plans for Parmigiani, including the product line up as well as Mr Parmigiani’s continued role at the company. The interview has been edited for clarity and length. SJX: Let’s start with an easy question.You joined Parmigiani in January 2021, at a difficult time ...
Hodinkee
What The Heck Is Tantalum?
How the The Bulgari Octo Finissimo Perpetual Calendar Tantalum was made.
Hodinkee
Announcements: The Year’s First Trade Show Kicks Off Tomorrow With The Second Edition Of LVMH Watch Week
Bulgari, Zenith, and Hublot are all launching new timepieces, with TAG Heuer notably absent.
SJX Watches
Highlights: The Creatives at Phillips’ Hong Kong Watch Auction
Having rounded up some of the interesting and probably overlooked at Phillips’ upcoming Hong Kong watch auction, we now take a look at some of the independent watchmaking highlights in the sale. The auction includes big ticket headline lots like a F.P. Journe Tourbillon Souverain, and of course the F.P. Journe tourbillon disguised as Harry Winston. But it also encompasses the less obvious, including a Alain Silberstein Tourbillon Marine, Singer Reimagined Track 1, a Bulgari-era Gerald Genta perpetual calendar in gold and tantalum, and an early-generation H. Moser & Cie. Perpetual 1 that’s excellent value. The Hong Kong Watch Auction: XII takes place in the evening of June 5 (lots 801-852), and on June 6 (lots 853-1112). The full catalogue and registration for bidding are available online. Lot 809 – Alain Silberstein Tourbillon Marine Black Sea Cheerful and eminently affordable, the Tourbillon Marine is typical Alain Silberstein. Mr Silberstein’s once explained his approach was to create unique, personalised wristwatches that arouse the emotion. By that measure, the Tourbillon Marine succeeds – it sets itself apart from every diving watch. In his 1990s heyday, Alain Silberstein was rebellious and avant-garde, standing in stark contrast to the strictly conservative style that dominated high horology at the time. This watch is from the early 2000s, but still very much a quintessential Alain Silberstein creation. The dial is quirky and playful – the deep sea ren...
Time+Tide
FRIDAY WIND DOWN: A Tissot PRX Powermatic 80 Aussie presale, an emo Antiques Roadshow and the best Patek Philippe models of 2021
This week at Time+Tide has been pretty diverse when I look back. We considered the latest Bulgari collaboration with Steve Aoki, the price of Picasso’s these days and the state of domestic Cambodian politics. We also received word that the very first pieces of the Tissot PRX Powermatic 80 collection are hitting Australian shores soon … ContinuedThe post FRIDAY WIND DOWN: A Tissot PRX Powermatic 80 Aussie presale, an emo Antiques Roadshow and the best Patek Philippe models of 2021 appeared first on Time+Tide Watches.
SJX Watches
Christie’s Debuts Online Classes on Major Watch Brands
Christie’s Education, the learning division of the auction house, has just launched Behind the Curtain: Watchmaking Houses, a series of virtual classes catered to beginner enthusiasts that profile the most important watch brands – essentially the names that are typically the most sought after at watch auctions. Conducted by Geneva-based watch expert Antoine Géraud, the weekly courses cover the history, important watches, and key personalities at Patek Phillipe, Rolex, Audemars Piguet, Breguet, Vacheron Constantin, and Cartier. Each lecture is 75 minutes, and recordings of each session will be available for seven days after the class should participants wish to revisit. The programme is essentially a crash course, making it ideal for beginners who want to learn more about key brands. And the length of the lectures seems ideal – punchy and brief, but enough to convey the necessary knowledge. The Patek Philippe ref. 5101P 10 Day Tourbillon Alongside the watch history classes is a separate programme covering the biggest names in jewellery, taught by historian Vanessa Cron. Just like the watch classes, these will go into the stories behind names like Van Cleef & Arpels, Tiffany & Co., Bulgari, and Cartier. With jewellers often being watchmakers as well, burgeoning watch enthusiasts might find the jewellery classes useful too. An Audemars Piguet Grand Complication pocket watch that sold at Christie’s in 2019 The price of a single class is HK$1,200, or about US$150. The ...
Time+Tide
Nick’s 3 favourite watches of 2020, including Cartier, Seiko and Hamilton
In spite of some not inconsiderable distractions, there were some pretty decent watches released in 2020. Quite a few of them actually. Omega relaunched their serially produced caliber 321, Bulgari executed the Octo Finissimo in steel, Grand Seiko launched an entirely new escapement in their SLGH002 and DOXA brought their most iconic design into the … ContinuedThe post Nick’s 3 favourite watches of 2020, including Cartier, Seiko and Hamilton appeared first on Time+Tide Watches.
SJX Watches
Business News: LVMH Bags Tiffany & Co. at a Discount
Having recently ditched its takeover of Tiffany & Co. – citing looming US tariffs on French goods – LVMH has now done what many industry insiders long expected – clinching the deal at a lower price. The owner of Louis Vuitton and Bulgari will pay US$131.50 a share for the American jeweller, instead of the US$135 originally agreed. The discount is more modest than expected, slightly over 2%, which translates into savings of about US$400m, against a total deal value of about US$15.8 billion. The deal is expected to close in early 2021. Regardless of the price, Tiffany is an important addition to LVMH’s expansive stable of luxury brands. Although LVMH is the world’s largest biggest group by a large margin – its 2019 sales were €53.7 billion – it has a comparatively small presence in “hard” luxury, namely watches and jewellery. That segment now makes up less than 10% of its sales, but Tiffany will bulk it up significantly. In fact, the deal’s completion will mean that LVMH owns two of the three largest makers of branded jewellery – Tiffany and Bulgari.
SJX Watches
On Scene: Geneva Watch Days 2020
Twenty-twenty will remain as a most peculiar year for the world as well as for trade fairs. Having taken place August 26-29,Geneva Watch Days (GWD) might be the only physical show the watch industry will see this year, at least in Europe. How did it fare? Was it a success for the brands, media, and public? Here is an overview of the atmosphere. After the demise of Baselworld and the rescheduling of Watches & Wonders to Shanghai (will it really happen?), GWD was a ray of light in the dark times the watch community was experiencing. First mooted by Jean-Christophe Babin, chief executive of Bulgari, and a few other watch brands, GWD quickly grew as many brands hopped on the bandwagon, hoping to salvage what already looked like an annus horribilis. “Phygital” is the new normal More than 20 brands were showing during the four days of GWD, which was a series of exhibitions and events at venues across Geneva, rather than being concentrated in a large hall as the traditional fairs are. Most brands were part of GWD itself – Artya, Breitling, Bulgari, Bovet, De Bethune, Czapek, Ferdinand Berthoud, H.Moser & Cie., Gerald Genta, Girard-Perregaux, MB&F;, Maurice Lacroix, Louis Moinet, Ulysse Nardin, and Urwerk. But the official GWD exhibitors were accompanied by an array of independent brands more than happy to share a common audience. Carl F. Bucherer tagged along by presenting its novelties at the Bucherer store in Geneva, while Le Salon des Horlogers, a small, cosy store i...
Hodinkee
Introducing: The Gérald Genta Arena Bi-Retrograde Sport
Bulgari jumps back into the arena with a new Genta design.
SJX Watches
Business News: Frédéric Arnault Appointed Chief Executive of TAG Heuer
Having joined TAG Heuer in 2017, Frédéric Arnault has just been named the watchmaker’s boss, effective July 1. He succeeds Stephane Bianchi, who will then be elevated to head the newly-formed LVMH Watch and Jewellery division – a job that Mr Arnault is perhaps being groomed for – which encompasses the group’s three watch brands, which include Hublot and Zenith, as well as its smaller jewellery brands, Chaumet and Fred. The biggest LVMH jewellery brand, Bulgari, retains its standalone status. Bulgari chief executive Jean-Christophe Babin, who industry sources say enjoys a competitive rivalry with Mr Bianchi, will report only to the number two man in LVMH, Group Managing Director Antonio Belloni. Presumably Tiffany & Co., the American jeweller that LVMH is in the process of acquiring, will enjoy similar independence. A digital leader While Mr Arnault is the fourth son of Bernard Arnault, the founder and controlling shareholder of LVMH, the younger Arnault arrived in the watch business with an impressive résumé. The 25-year old graduated from France’s prestigious Ecole Polytechnique with a degree in Computational and Applied Mathematics, notching up internships at McKinsey and Facebook along the way. He started at TAG Heuer as head of connected watches, just as the brand was ramping up its push into smartwatches, before being promoted to Strategy and Digital Director in 2018, where he led the design of the latest-generation Connected watch. The recently launch...
SJX Watches
Geneva Watch Days to Take Place August 2020
First scheduled for April 2020 to coincide with the twin events Baselworld and Watches & Wonders – how the world of watch fairs changed since then – Geneva Watch Days was postponed to August 2020 after life was halted by the COVID-19 pandemic. But now the event has been confirmed for late August 2020, making it the only “multi-brand watch event in Switzerland” according to its organisers. With eight brands taking part, and perhaps more to come, Geneva Watch Days will be made up of a series of separate events across Geneva – with the central reception desk at the lakeside Four Seasons Hotel – with each brand essentially doing its own thing. Only a handful of evening events will see all the attendees gather, but only as far as Swiss government’s public health regulations allow. But in many respects the event aims to be similar to Baselworld, being catered for the trade – namely retailers and press – rather than the public. Visitors have to register in advance, as well as make appointments with brands to see the latest watches. Bulgari, Breitling, De Bethune, Gerald Genta, Girard-Perregaux, H. Moser & Cie., MB&F;, Ulysse Nardin, and Urwerk have all confirmed their participation at Geneva Watch Days. The event will take place August 26-29, 2020, at various locations across Geneva. To register as an attendee, visit Gva-watch-days.com.
SJX Watches
Gerald Charles Introduces the Maestro Anniversary
Gerald Genta is enjoying something of a renaissance now, with the frenzied demand for his most famous designs. And now one of his more obscure designs is making a comeback. One of the most acclaimed and prolific watch designers, Genta’s heyday in the 1970s and 1980s saw him design a host of iconic watches, including the Audemars Piguet Royal Oak and Patek Philippe Nautilus. After his eponymous brand was acquired by Bulgari in the year 2000, Genta founded another brand named after his first and middle names – Gerald Charles. Though Gerald Charles went dormant after Genta’s death in 2011, the brand has been revived on its 20th anniversary by Genta’s former business partner. The inaugural launch is its first stainless steel watch – the Maestro Anniversary, which is distinctive, eccentric, and very much reflective of Genta’s late-career style. And 30% of the proceeds from each Maestro sold will to donated to the COVID-19 fund set up by the World Health Organisation (WHO). Initial thoughts I like Genta’s designs, and I like the Maestro. It is a unique case that manages to draw a balance between being sporty and elegant – an endearing trait that I find common amongst Genta’s designs. The new Maestro keeps the dial functional and simple, and adds a pattern rubber strap to the mix, giving it a casual yet distinctive look. But at over US$9,600, the price is too steep, especially in light of the Soprod-based movement inside. The hefty, 30% donation to the WHO’s C...
![Business News: Baselworld 2021 Cancelled and Exhibitors Get Refunds [Updated]](https://watchesbysjx.com/wp-content/uploads/2019/03/Baselworld-2019-hall-3.jpg)
SJX Watches
Business News: Baselworld 2021 Cancelled and Exhibitors Get Refunds [Updated]
This year’s Baselworld saga has finally arrived at its epilogue and the inevitable outcome has been made official: MCH Group just announced that Baselworld 2021 has been cancelled. Simultaneously, the event’s organisers also announced that an “agreement on the settlement for the cancelled Baselworld 2020” – presumably with more substantial refunds – was reached with exhibiting brands. That settles the brief-but-intense circumstances surrounding Baselworld 2020, which began when this year’s fair was cancelled and then “postponed” to January 2021. Along with the “postponement”, exhibitors for the 2020 fair were only offered partial refunds of the event fees. Both moves, which were regarded as unilateral and unfair by watch brands, led to a stinging response from the exhibitors, led by their committee chairman, a senior executive of Rolex, the world’s largest luxury watch brand. A week later, Baselworld suffered its death blow when the fair’s biggest exhibitors – Rolex, Patek Philippe, Chanel, Chopard, and Tudor – pulled out of the event and decamped to Geneva, where they will join Watches & Wonders in a brand-new event that’ll take place in April 2021. They were followed shortly after by the brands owned by LVMH, which include Hublot and Bulgari. With that, the cancellation of Baselworld 2021 was fait accompli, even though Baselworld responded by insinuating the exhibitors had long been conspiring to exit the event. The cavernous Rolex booth...
SJX Watches
Cartier Introduces the Pasha de Cartier
As it does every couple of years, or decades, Cartier reintroduces one of its iconic wristwatches, this time the Pasha de Cartier. Launched in 1985 and a big hit in the decade after, the Pasha was Cartier’s original round-case bestseller, long before the Ballon Bleu. Three decades on, the new Pasha makes its debut once again at Watches & Wonders 2020 as a full-fledged collection with models for both men and women, from time-only to skeleton tourbillon, as well as diamond-set versions. Variants of the new Pasha 41 mm for men Mysterious origins Despite having a round case – Cartier is most famous for its shaped watches like the Tank and Santos – the Pasha is amongst the most historically-important Cartier timepieces, apparently. Legend has it that Cartier first created a water-resistant watch in 1934 for the fabulously wealthy Pasha of Marrakesh, Thami El Glaoui, who wanted a watch he could wear while swimming. The result was one of the first-ever luxury-sports watches. While the Parisian jeweller no doubt made a watch to fulfil the Pasha’s request, it was most likely a rectangular Tank Etanche, rather than anything resembling today’s Pasha watch. Inspired by that tale, the modern-day Pasha was born in 1985, penned by the hand of Gerald Genta, the prolific designer whose heyday in the 1970s and 1980s saw him create a string of hits, ranging from the Audemars Piguet Royal Oak to the Bulgari Bulgari. Genta’s creations were often avant-garde in their day, and his...
SJX Watches
The Baselworld Saga: MCH Group Responds, and a Bit of Background
Hours after the momentous but unsurprising exit from Baselworld by Rolex, Patek Philippe, Chanel, Chopard, and Tudor, the fair’s organiser, MCH Group, issued a strident response expressing “great surprise and equally great regret” at the brands’ departure, while noting that all the brands were privy to the discussions about “postponing” Baselworld 2020 to January next year. And MCH Group then took a swing at its former exhibitors, implying a long-planned conspiracy to depart Baselworld: “[We] must therefore conclude that the relevant plans [to leave Baselworld] have been in preparation for some time and that the discussions concerning the financial arrangements for the cancellation of Baselworld 2020 are now being put forward as an argument.” Memories of days past – the main hall of Baselworld 2019. Photo – Baselworld Unilateral decisions, and more According to insiders, however, the MCH Group statement is only half the story. Most crucial were the circumstances surrounding the negotiations for changing the date of Baselworld, once the world’s largest watch and jewellery fair, a status that likely buoyed MCH Group’s confidence to unsustainable levels. The major brands, led by exhibitors’ committee head Hubert J. du Plessix – who is also the chief of investments and logistics at Rolex – were amenable to postponing Baselworld to January 2021. Amongst the most vocal proponents for the move were the LVMH-owned brands, namely Bulgari, Hublot, TAG...
Time+Tide
Andrew reveals five of his own watches in a Media Watch Death Match against Josh from Watchonista (and gets a slapping)
It started with an invitation to join Watchonista’s ‘Home Time Live’, a new series on Instagram that takes followers into the homes of the industry’s leaders and luminaries for an intimate interview. Georges Kern, CEO of Breitling. Jean-Christophe Babin, CEO of Bulgari. Max Büsser of MB&F;. And now, a Happy Hour version of the usual … ContinuedThe post Andrew reveals five of his own watches in a Media Watch Death Match against Josh from Watchonista (and gets a slapping) appeared first on Time+Tide Watches.
SJX Watches
Business News: Watchmakers Announce Geneva Watch Days [Postponed]
Following the cancellation of both the year’s biggest watch fairs – Baselworld and Watches & Wonders Geneva (WWG) – due to the COVID-19 coronavirus, a consortium of watch brands have come together to show their wares come April. The event, dubbed Geneva Watch Days, was the brainchild of Bulgari and its chief executive Jean-Christophe Babin – one of the first brands to pull out of Baselworld – and conceived with European press and retailers in mind. [Update March 24, 2020: GWD will now take place August 26-29, 2020 instead.] WWG to GWD Taking place when WWG was due to happen, April 26 to 29, Geneva Watch Days now has a line-up of brands big and small: Girard-Perregaux, Gerald Genta, Ulysse Nardin, Breitling, MB&F;, De Bethune and Urwerk. A handful more might sign on, including H. Moser & Cie. and Chopard. However, at present, none of the brands belonging to the major watchmaking conglomerates, Richemont or Swatch Group, or either of the Geneva giants, namely Rolex and Patek Philippe, has announced their participation – and are unlikely to due to the complexities of the industry. Crucially, Geneva Watch Days is not a fair per se, rather it is a series of events organised by brands in separate venues, including boutiques and hotels, but happening during the same period. Because the individual events during Geneva Watch Days are small-scale and discrete, none of them will run counter to the Swiss government’s temporary ban on events with over 1,000 people. ...
Hodinkee
Business News: Watch Brands Join Forces For Geneva Watch Days
Bulgari, Breitling and other high-end brands will show their watches in the Swiss capital of watchmaking April 26-29.
SJX Watches
Breaking News: Watches & Wonders Geneva Cancelled
Watches & Wonders Geneva (WWG), the trade show formerly known as SIHH, has just announced its cancellation. Scheduled to take place in Geneva from April 25 to 29, the event was canned due to “the latest developments concerning the worldwide spread of the COVID-19 coronavirus”. Organising body Fondation de la Haute Horlogerie (FIHH) said in a statement that the decision was made “to protect the health and wellbeing of all our guests, press, partners and teams.” Its announcement comes not long after Switzerland confirmed its first patient with the coronavirus on Tuesday, alongside a sudden spike in cases in Italy. A scene from SIHH 2019 WWG is the second major Swiss event to be cancelled, following the Swatch Group’s decision to call off Time to Move in Zurich, a launch exhibition of its new watches, which was scheduled to take place from February 28 to March 2. Industry insiders now expect Baselworld 2020, slated to take place right after WWG, to follow suit. Several exhibitors at Baselworld, including Bulgari and Citizen, have already pulled out of the fair. But as of February 20, the world’s biggest watch and jewellery trade show is still going ahead.
Revolution
Bamford Now Official Customizer of Girard-Perregaux Cat’s Eye
Custom king: Bamford Watch Department adds Girard-Perregaux to growing list of clients that includes TAG Heuer, Zenith and Bulgari
Hodinkee
In-Depth: The Record-Setting Caliber BVL150 In The Serpenti Seduttori Tourbillon
Blink and you missed it, but Bulgari dropped another world's record at LVMH Dubai Watch Week.
SJX Watches
Business News: Louis Vuitton Buys World’s Largest Uncut Diamond
Just as the inaugural LVMH Watch Week closed its doors – after Hublot, Bulgari and Zenith had presented their new timepieces – Louis Vuitton has something even bigger to boast about. The Parisian luxury brand, which is the biggest component of LVMH, has just acquired a stake in the world’s largest uncut diamond, which is also the second-biggest diamond ever. Discovered last April at the Karowe mine in Botswana, the Sewelô weighs 1,758 carats, or quite a bit larger than a tennis ball. Sewelo means “rare find” in Setswana, a language spoken in Southern Africa. It was the name chosen from some 22,000 entries that were submitted to a contest run by the mining firm that discovered the stone, Canadian outfit Lucara. Despite the moniker, the Sewelo is not unique – it is the second diamond over 1,000 carats mined by Karowe, after the 1,109 carat Lesedi de Rona found in 2015 and then sold for US$53 million to Graff, which cut it into in several smaller stones. Currently stored on the top floor of Louis Vuitton’s jewellery store on the Place Vendome in Paris, the Sewelô is covered in carbon, and its quality is unknown, although it was described as “near gem quality”, and containing “domains of high-quality white gem”, by Lucara. According to Louis Vuitton chief executive Michael Burke, quoted in The New York Times, the luxury house will only cut and set the stone after it has found a buyer, instead of keeping it as an object for exhibitions. Though Louis V...
SJX Watches
The Most Notable Watches of 2019
Oddly enough, one of the year’s highlights is a quartz watch that costs almost US$17,000 – but it is the most accurate wristwatch ever, rated to run within a second a year and probably less in practice. The Citizen Caliber 0100 slightly plain but the technology within is mighty impressive. Also impressive is the thought and effort put into developing the movement; that is extremely Japanese. It feels slightly anachronistic given the alternatives that can sync with GPS or radio waves and keep just as good time, but it is still mighty impressive. The top of the line model is in 18k white gold, explaining the price tag, but fortunately there’s a titanium model with the same movement for half the price. The Citizen Caliber 0100 The 0100S movement Sporty-ish and value For almost exactly the same price, the Bulgari Octo Finissimo Chronograph scores high in terms of value for money. It’s an ultra-thin – really, really thin – chronograph with a second time zone function that continues Bulgari’s streak of extra-flat Octo watches. Though the design is thoroughly modern, its slimness and proportions give it a graceful air. But at 42mm the case is verges on looking like a biscuit because it is flat and wide. And the thinness of the movement, combined with a rather small balance wheel, inevitably invite questions about its robustness. The Octo chronograph That is very flat More expensive but also strong value for money is the A. Lange & Söhne Odysseus. Looks-wise, it...
SJX Watches
Business News: LVMH Buys Tiffany & Co. for US$16.2 Billion
After several weeks of negotiations, LVMH has sealed the deal to buy Tiffany & Co. in a US$16.2 billion, all-cash deal. Despite several years of listless growth and a declining share price – though its current management was in a midst of engineering a turnaround – Tiffany & Co. is the biggest acquisition ever in the luxury goods industry. The French luxury conglomerate, which owns Louis Vuitton and Christian Dior, is paying US$135 a share, about 35% above the last traded price before news of the takeover broke. With the acquisition of the storied American jeweller, LVMH strengthens its presence in the “hard” luxury business of jewellery and watches, a segment traditionally dominated by its Swiss rival Richemont, the owner of Cartier, Van Cleef & Arpels, and most recently, Buccellati. The addition of Tiffany’s to its 75-strong stable of brands, which includes watchmakers like Hublot and TAG Heuer, will also help LVMH grow its presence in China and the United States, where the jeweller’s baubles are popular. And the deal also means Tiffany’s well regarded chief executive, Alessandro Bogliolo, returns to LVMH, where he was once the chief operating officer at Bulgari.