17,575 articles · 99 videos found · page 321 of 590
Monochrome
It is widely known that the watch market, and most luxury markers for that matter, are facing a relatively difficult situation. According to Bain & Company Luxury Study, the global personal luxury goods market is likely to dip by 2% in 2024 – not a dramatic situation, but not a positive one nevertheless. While jewellery was […]
Worn & Wound
My year in watches this year has been…unique in the time since I started collecting watches oh so many years ago. What’s different this year? I didn’t purchase a single watch! For the first time in over 20 years I went the whole year without adding any watches to my collection. For over two decades I’ve always bought some, sold some, or traded some so that I end up at the end of each year with a more refined collection that is usually in the plus column. I have to say that I didn’t even realize this year was different until our illustrious editor Zach gave us this assignment. I’m still always looking at and for watches though, especially for a few specific models. My bi-weekly eBay Finds column keeps me poring through the eBay listings on a regular basis, and I do still see lots of great pieces on Instagram. But how did I end up in this rarest of predicaments, finishing the year without any new additions to the collection? Like most things in life, the reasons are myriad. I would have to say the biggest factors would be that I’m pretty darn happy with the state of my collection as it currently stands, and there are few watches (that I can afford to buy) that I’m still searching for. I mean, I’m always on the lookout for a nice vintage Squale, and there are some pieces that I would still love to add to the Seiko stable, but the models I’m looking for are quite hard to find for sale in the condition I desire. So it’s not that I didn’t want to add any ...
Hodinkee
A bombshell decision on the hotly contested ownership of a seriously special Patek Philippe.
SJX Watches
In an unexpected twist, Jérôme Lambert will return to the top job at Jaeger-LeCoultre (JLC), some 11 years after he left the same role. Mr Lambert’s first spell as chief executive of JLC, which lasted from 2002 to 2013, was a major success. During the 11 years, the brand developed into a contender in haute horlogerie while maintaining its affordable appeal in simpler watches. He then moved on to run Montblanc for almost four years until early 2017, before rising to a series of senior jobs in Richemont, the luxury group that owns JLC. In 2018 Mr Lambert was named chief executive of the group, but in June 2024 he was reassigned. Mr Lambert became chief operating officer, while Nicolas Bos succeeded him as chief executive. In some ways, Mr Lambert is a JLC lifer – he began his professional career in 1996 in the finance department of JLC. When he was tapped to lead JLC in 2002, he was one of the youngest chief executives in watchmaking. The two chief executives who ran JLC after Mr Lambert never quite led the brand to the same heights, so many will be hoping his comeback also signals a return to earlier glory.
Monochrome
In late 2022, luxury powerhouse Louis Vuitton announced a rather surprising but promising concept, the Louis Vuitton Watch Prize for Independent Creatives. A biennial prize organized by its Swiss-based watch manufacture, La Fabrique du Temps Louis Vuitton, its mission is “to recognize a passion for watchmaking savoir-faire, creativity, and innovation in the pursuit of excellence, […]
Teddy Baldassarre
Seizing the final months of the 2024 trend cycle, Casio joins the ranks of watch brands looking to expand their product possibilities beyond the wrist. Close on the heels of the recent Timex and Maison Margiela MM6 collaboration, which included a watch ring, Casio has shrunken down its own legacy design, ready to chart the next frontier of watch-wearing real estate: the finger. Though the Casio legacy extends all the way back to 1946, the watch branch of the business has been celebrating its 50th birthday with a number of special-edition designs. The brand’s latest commemorative design shrinks down its familiar octagonal case shape to just below an inch stature, and is crafted entirely of stainless steel. According to the brand’s website, the ability to create this tiny, functioning timepiece is thanks to novel innovations in advanced metal molding technology. This process utilizes Metal Injection Molding to re-create the familiar and nostalgia-inducing Casio design in ring form. The caveat with this process is that the case, back cover, and ring are all molded in one continuous form, and the ring size is set to 10.5 U.S. sizing. This is something of a blow to my fellow small-ring-size friends, though the brand details that each ring will ship with adjustment spacers to accommodate more sizes. Unlike the initial set of watch rings released by Casio last year, which were essentially toy replicas of the brand’s most iconic models, the CRW-001-1JR is a fully funct...
Monochrome
The Polerouter is, without a doubt, one of the most emblematic watches ever created by Universal Genève. Not only was it designed by young Gérald Genta, but it was powered by an important micro-rotor movement and was a purpose-built watch created by request of SAS, asking Universal Genève to create a watch that could support […]
Hodinkee
Live from Geneva! It's the Grand Prix d'Horlogerie de Genève.
Monochrome
The 2024 edition of the Grand Prix d’Horlogerie de Genève has just unveiled the grand winner of this year’s awards ceremony! Often regarded as the Oscars of Watchmaking, the GPHG stands for a celebration of all things surrounding mechanical watchmaking. A specially selected jury, which included our founder and editor-in-chief Frank Geelen, has narrowed down […]
Monochrome
Switzerland-based luxury conglomerate Richemont Group has just issued its trading update for the six months ended 30 September 2024. The Group delivered an overall stable performance with flat sales at constant exchange rates and -1% at actual rates, at EUR 10.1 billion. At EUR 2.2 billion, profit is down 12% at constant rates and down 17% […]
Hodinkee
The hand-engraved reference 5711/1500A will be sold on November 25, 2024, to benefit Children Action.
Monochrome
Certified Pre-Owned, also known as CPO, has gained great traction over the past few years, with more and more brands exploring the concept. The second-hand market for watches is growing steadily, with a current value in the region of CHF 20 billion and consulting firm Deloitte saying it could be worth CHF 35 billion by 2030. […]
Revolution
Hodinkee
One size does not fit all. Available in large, small, and mini.
SJX Watches
The rumours have been swirling for some months that LVMH has replaced Rolex as a key sponsor of Formula 1. As we noted in our July editorial, that wasn’t true yet. According to a source inside F1, LVMH and Formula One Group are on the cusp of a multiyear sponsorship deal starting in 2025. The French luxury group will join Lenovo and Santander as the latest sponsors of F1. Once signed, the deal will mean that LVMH takes the place of Rolex, which had been “Global Partner” of F1 since 2013. The group is not new to F1. TAG Heuer is now a sponsor of Red Bull Racing, while Dior only just signed up Lewis Hamilton as a brand ambassador. But now the group’s many brands – 75 at last count – could stand to gain even more exposure with F1. Marques like Moët & Chandon, Hublot, Loro Piana, and of course Louis Vuitton would have the chance to share in the increasing viewership of the sport, which has been steadily growing its presence in pop culture since it was acquired American media conglomerate Liberty Media in 2017. Besides adding races in glamorous cities like Miami, F1 is now the subject of a hit television series on Netflix. And a film starring Brad Pitt, titled F1 naturally, will premiere on Apple TV next year. LVMH Watch Division chief Frédéric Arnault (third from left) at the 2023 Monaco Grand Prix with the drivers of Red Bull Racing. Image – TAG Heuer TAG Heuer returns More importantly, an F1 deal will be a return to form of sorts for TAG Heuer, the biggest ...
Hodinkee
All that and more in this week's edition of Hodinkee's what's selling where column.
Deployant
Released in July 2024, Luminox celebrates their legacy of 35 years with the release of three novelties viz their SEA, AIR and Land campaigns.
Quill & Pad
The first full month of the second half of 2024 continues to show the market in decline. The WatchCharts Overall Market Index lost 0.8% in July, worse than the performance in June.
Monochrome
Once one of the largest watch companies in the world, German brand Junghans was founded in 1861 by Erhard Junghans and his brother-in-law Jakob Zeller-Tobler and started as a clockmaker. Mostly famous for its collaboration with Swiss Bauhaus designer Max Bill, the company kept on bringing nicely designed and accessible watches over the years. Aside […]
Hodinkee
Julien Tornare to leave TAG Heuer and lead Hublot amidst market softening.
Monochrome
Following the announcement yesterday of decreasing sales for the Swatch Group, particularly impacted by the industry’s challenging situation in China and South East Asia, it is time today for one of its main competitors, Richemont Group, to announce its sales for the first quarter ended 30 June 2024. Contrary to expectations, global sales are to […]
SJX Watches
The owner of brands like Omega and Longines, the Swatch Group just announced its results for the first half of 2024. The half-year numbers crystallised a slowdown that the watch industry has felt since late 2023. Revenue was down 14.3% to CHF3.44 billion, while operating profit plunged 70% to just CHF204 million, giving the group an operating margin of just 5.9%, compared to 17.1% from a year earlier. According to Swatch, the fall in revenue was “triggered by the sharp drop in demand for luxury goods in China (including Hong Kong SAR and Macau SAR)”. At the same time, wholesale sales fell over 10%, indicating that third-party retailers are ordering less watches from the group’s brands, which in turn indicates the retailers’ pessimism for the short- and medium term. Swatch also explained the poor results by noting the group did not “make any redundancies… [and] maintaining all production capacities and not laying off qualified staff”. This was done so that “the Group [will] recover more quickly and benefit more significantly from the next upswing.” The progressively weakening positions of each of the group’s brands relative to the competition – marques like Breguet and Blancpain stand out in this regard – imply this might be overoptimistic. Notably, Swatch stated “the Swatch brand bucked the negative trend” thanks to the bestselling MoonSwatch, but this was not (and will not) be sufficient to help the rest of the group given the low value of Swat...
Monochrome
At CHF 3,445 million, the sales of the Swatch Group, the Swiss powerhouse owner of Omega, Longines or Tissot, are down 14.3% at constant exchange rates and 10.7% at constant rates. The declining sales strongly impact the operating profit at CHF 204 million against CHF 686 million for the previous year. Swatch Group advises that […]
Monochrome
Known as the largest luxury group in the world, owned by the Arnault family, LVMH continues its development in all fields related to rare and artistic crafts. Already the owner, through its Watches Division, of TAG Heuer, Hublot and Zenith (as well as jewellery brands Bulgari and Tiffany, not included in this division), the group […]
SJX Watches
The world’s most important watch trade show, Watches & Wonders, has just announced the dates for next year: April 1-7, 2025. Practically all major luxury watch brands present their latest wares at Watches & Wonder (W&W;), including Rolex, Patek Philippe, and Cartier. The event also named additions to the board of the Watches and Wonders Geneva Foundation (WWGF), the governing body of the event. Chanel, Hermès and LVMH join Rolex, Richemont, Patek Philippe, and Cartier on the board, giving representation to the biggest brands or groups showing at the event. Alongside the enlarged board, the WWGF appointed Cartier chief executive Cyrille Vigneron chairman of the board, taking over from Rolex chief executive Jean-Frederic Dufour, who now becomes the organisation’s treasurer. Still a key man on the board, Jean-Frederic Dufour (second from left) Give and take The changes at WWGF reflect longstanding rivalry between the brands and groups that emerged when the Salon International de la Haute Horlogerie, better known as SIHH, evolved into W&W; after the demise of Baselworld. Previously dominated by Richemont and Cartier, SIHH transformed into an event that included giants like Rolex and LVMH. LVMH long believed it deserved a seat on the board, according to a senior executive of its watch division. It is possible that the elevation of Cartier’s boss to the chairmanship is a concession for the jewellery agreeing to the enlarged board. Interestingly, the two-year term of Mr Vign...
Hodinkee
The pair's latest sold-out LE gets a second wave.
Teddy Baldassarre
From the beginning of 1953 to the end of 1954, Rolex had perhaps the most productive and impactful period that any watchmaker had ever managed in a two-year stretch. The Explorer, the gold standard of adventure-oriented luxury watches, debuted in the summer of 1953 and the first Submariner, the quintessential diver’s watch, was manufactured that same year. The Submariner’s public debut wasn’t until 1954 at the Basel Watch Fair, but it wasn’t the only trendsetting Rolex watch the Crown released that year: the other was the original GMT-Master, the dual-time travel watch against which all others are measured. Photo: Matthew Bain We all are familiar with the three iconic Oyster Perpetual timepieces above, but few may be aware that Rolex released another tool watch in 1953, whose production not only preceded that of the Submariner and GMT-Master but whose signature design feature influenced the look of both. That watch is the Rolex Turn-o-Graph, the first serially produced Rolex tool watch equipped with a rotating bezel that could be used for timing intervals. (To be thorough, it should be noted that it was not the very first Rolex watch with such a feature: the Zerographe Ref. 3346, made way back in 1937, takes that honor, along with the distinction of being the first Rolex watch with a movement made in-house - with a flyback chronograph, no less. The rarest of unicorns, the Zerographe (below) is nearly forgotten today, rarely mentioned in official Rolex literatur...
Revolution
SJX Watches
Alongside its results for the year ended March 2024 – with revenue at an all-time high but marked by slowing growth – Richemont announced a major management revamp with Nicolas Bos promoted to chief executive officer of the group that owns brands like Cartier and Piaget. His predecessor (but not exactly), Jérôme Lambert, will be the group’s chief operating officer. Having led Van Cleef & Arpels (VC&A;) for just over a decade, Mr Bos skilfully grew the jeweller’s revenue more than sixfold during his tenure. At the same time, he managed to established a recognisable identity for VC&A;, one distinct from its bigger sibling, Cartier. He has spent practically his entire career at Richemont, having joined the group in 1992. Prior to taking the top job at VC&A;, he was its creative director, a role he retained even after becoming the jeweller’s chief executive. Effective June 1, the promotion of Mr Bos lends credence to talk of retirement for Cartier boss Cyrille Vigneron, who at 63 is nearing the group’s retirement age. Having led Cartier since 2015, Mr Vigneron has transformed it into a reliably profit generator that accounts for about half of the group’s revenue and a great deal of its profits. And next most profitable brand in Richemont is of course VC&A;. Jerome Lambert Some are more equal than others Mr Bos’ new job implies a demotion of sorts for Mr Lambert, who was appointed chief executive officer in 2018, after having led Jaeger-LeCoultre and then Montbla...
Hodinkee
While the Christie's website was down, it didn't stop the bidding for Patek, Journe, Rexhepi, and others.
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