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Results for La Chaux-de-Fonds

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La Chaux-de-Fonds

Industrial capital of Swiss watchmaking. Birthplace of Omega and Girard-Perregaux, home of Greubel Forsey, the MIH, and UNESCO-listed with Le Locle.

Business News: Swiss Watch Exports Forecast to Drop 25% in 2020 SJX Watches
Patek Philippe have shut their factories Apr 6, 2020

Business News: Swiss Watch Exports Forecast to Drop 25% in 2020

Swiss private bank Vontobel has just published its highly-regarded annual report on the luxury watch industry – the news for 2020 is grim. Put together by a team led by managing director Rene Weber, the Vontobel Luxury Goods Shop predicts a 25% fall in Swiss watch exports in 2020 – the biggest drop in 50 years as a result of the COVID-19 coronavirus pandemic. A proxy for the global luxury watch market, Swiss watch exports declined 22% during the 2008 financial crisis, and recovered swiftly the year after. But during the financial crisis there were no store or factory closures, and no halt to international travel. Since mid-March most watch brands, including giants Rolex and Patek Philippe, have shut their factories, or introduced short-time work, with between 60-70% of employees at Swatch Group working reduced hours. File photo of the Rolex factory in Bienne that’s gone quiet for now. Photo – Rolex At the peak of the pandemic in China, when practically the entire country was in lockdown, Vontobel estimated February sales fell 80%, something it expects will be repeated throughout the rest of the world. And even e-commerce is not enough to alleviate the situation substantially, because of logistical challenges. The report notes that as of mid-March,”the Swiss watch industry has come to an almost global standstill.” Unsurprisingly, the bank expects the pandemic to result in a steeper fall and slower recovery for the Swiss watch industry. The bank expects a s...

Business News: Sotheby’s to Start Weekly Online Watch Auctions SJX Watches
Audemars Piguet Mar 31, 2020

Business News: Sotheby’s to Start Weekly Online Watch Auctions

Having postponed its traditional April and May watch auctions till June and July respectively – no doubt with fingers crossed and a quiet prayer – as a result of the COVID-19 coronavirus, Sotheby’s has just announced Watches Weekly, an ongoing series of online-only watch auctions starting April 1, 2020. The auctions will take place on a rolling basis, with each sale lasting a week, then followed by the next sale, and so on. Each auction be centred around a theme while being relatively compact – the first sale is made up of 19 watches by Rolex and Audemars Piguet. The subsequent auctions will be Patek Philippe Design and Horology from April 8-15, then something for bargain hunters, Swiss Wristwatches with no reserve on April 15-22. Sam Hines, Sotheby’s global head of watches, explained the move in the announcement: “[Clients] are also increasingly confident [of buying] important pieces online. This was demonstrated last week, when we set a new record for a watch sold online at Sotheby’s [162,500 Swiss francs for a Rolex Daytona “Paul Newman” ref. 6262].” According to Mr Hines, the newly-announced online auctions will “complement the calendar of live sales and other online auctions already planned for the rest of the year”, implying that the rest of the auction calendar will proceed as planned. Watches Weekly makes Sotheby’s the first mainstream watch auctioneer – its peers are Christie’s, Phillips, and to a lesser degree, Antiquorum – to s...

Why We Will Keep Writing About Watches You Can’t Afford, And Why You (Hopefully) Will Continue To Read This Under The COVID-19 Cloud Quill & Pad
Mar 27, 2020

Why We Will Keep Writing About Watches You Can’t Afford, And Why You (Hopefully) Will Continue To Read This Under The COVID-19 Cloud

Have you seen the prices of high-end (and not so high-end) wristwatches? Crazy! None of us can afford the watches that we want, and the world economy is tanking. So in the middle of the coronavirus crisis why are we still publishing pointless stories about watches and why are you still reading them? Ian Skellern shares his theory here.

5 Celebrity Wrist Checks Featuring Nicholas Hoult/Jaeger-LeCoultre, Aldis Hodge/MB&F;, Miralem Pjaniç/Corum, And Lionel Messi/Jacob & Co Quill & Pad
Jaeger-LeCoultre Aldis Hodge/MB&F; Miralem Pjaniç/Corum Mar 4, 2020

5 Celebrity Wrist Checks Featuring Nicholas Hoult/Jaeger-LeCoultre, Aldis Hodge/MB&F;, Miralem Pjaniç/Corum, And Lionel Messi/Jacob & Co

Watch spotting on celebrity wrists can be a lot of fun if you’re watching a movie or TV show. Oh, who is Elizabeth kidding? It’s always a lot of fun. Here she shares five watches that caught her eye on the wrists of celebrities over the last couple of weeks.