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Results for Swiss Made

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Swiss Made

Legally regulated country-of-origin mark. Since 2017 requires at least 60% Swiss production cost, Swiss movement, Swiss development, and Swiss assembly and inspection.
Introducing the Novel, Made-in-Russia Ouroboros SJX Watches
Feb 28, 2021

Introducing the Novel, Made-in-Russia Ouroboros

Conceived by Russian watch journalist Mikhail Goncharov and executed with the help of watchmaker Maxim Sushkov, the Ouroboros is a simple-but-smart take on the 24-hour time display. The watch evolved from an idea of Mr Goncharov’s, which combines a novel time display along with design elements from the Jewish faith. Initial thoughts Unusual and striking, the Ouroboros is imaginative in how it conveys the time, but also surprisingly straightforward mechanically. As a result it is notably affordable, starting at about US$2,700 for the steel version. The case appears basic in style and finish, but it is sufficient given the cost of the watch. The only possible shortcoming of the watch might be the obvious elements related to Judaism, like the case back motif for instance, which might not be suitable for everyone, but they do not take away from the intrinsic appeal of the watch. The snake eating its own tail The watch gets its name from the ouroboros, an ancient symbol of life and renewal that is represented by a serpent or dragon consuming its own tail, forming a circle or a figure of eight. The ouroboros forms the minute hand, which is a dragon rendered in considerable detail. Its eye is inlaid with a tiny piece of metal taken from a missile of Iron Dome, the air-defence system employed by Israel to protect against short-range rockets. Mr Goncharov describes the tiny missile fragment as a protective talisman within the watch. Also specific to Israel is the dial, which ...

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How Dials Are Made At The Glashütte Original Dial Factory In Pforzheim, Germany Quill & Pad
Glashütte Original Dial Factory Jun 30, 2020

How Dials Are Made At The Glashütte Original Dial Factory In Pforzheim, Germany

Glashütte Original dial factory manager Michael Baumann guided Bhanu Chropa through the complex process of manufacturing dials. He explained that depending on the complications of a given watch model, it takes 70 to 80 steps to manufacture a perfect dial. See for yourself in this interesting personal tour behind the scenes in Pforzheim, Germany.

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Business News: Richemont Fortifies Balance Sheet with €2 Billion Bond Sale SJX Watches
Panerai which make up about May 19, 2020

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...

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