16,846 articles · 2,371 videos found · page 365 of 641
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
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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.
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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 […]
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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
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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.
Worn & Wound
eBay Finds is back! This bi-monthly installment will feature a selection of watches currently listed on eBay that have caught the eye of editor Christoph McNeil (@vintagediver). If you come across any hidden gems on the ‘Bay drop us a note at info@wornandwound.com for potential inclusion! Vintage Omega Seamaster DeVille The Seamaster DeVille line was Omega’s dressier version of their sporty Seamaster. This example looks much like the Geneve line they put out, with its simple round case and thin bezel with straight skinny lugs. Very clean and classic 1960’s dress watch look, especially with the gold cap case. The 34-35mm case is in nice shape, and the gold cap is holding up strong. The original silver dial looks good, with a few specks here and there. The watch has the correct and original crown, and also comes with the original seven-row beads of rice bracelet! Seller states the watch runs and keeps time, so you’re all set for your next cocktail party! View auction here 1970s Initial Dynamic Here’s a wild one for you, a vintage 1970’s direct read/jump hour from Initial Dynamic. Don’t worry if you’ve never heard of them, I haven’t either! But that doesn’t mean this isn’t a super cool looking watch. Check out that oval ‘dial’, with the awesome direct read window on the left, and matching date window on the right. The chrome plated case is excellent, with sharp edges and the original brushed finish. The strap looks original to me, with a cool met...
Two Broke Watch Snobs
Oris is one of those brands that we love to talk about here at TBWS, simply for the fact that the team always seems happy to just do their own thing. This year, instead of doing something big and flashy, Oris has moved to update their vast catalog of Oris Aquis Date models for 2024. It's a key collection and this kind of care ensures that the watches don't become stale, as Oris aims to put out the best that they possibly can. The Aquis is just a great, sturdy dive watch from an independent brand and these new models are available in 43.5mm, 41.5mm, and 36.5mm case sizes with a bunch of dial color options and a choice to go with the in-house Oris Caliber 400 on the 43.5mm version. Let's try to wrap our heads around this.
Hodinkee
Marking, perhaps, the shortest production run of any Rolex ever.
Video
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