Deployant
New: Omega Speedmaster Dark Side of the Moon Alinghi with Editorial Commentary
Omega partners with the Swiss sailing team Alinghi, and in tribute to this new partnership, Omega announces the new Speedmaster Dark Side of the Moon.
Results for Swiss Lever Escapement
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Time+Tide
The Seiko Prospex LX SNR035J looks like it’s been sent to put a hit on anyone that questions its (high) price point
Editor’s note: There’s the simple fact that Seiko are turning up the heat on the Swiss watch industry, and then there’s the way they’re doing it. Both are 100% worth taking note of. For example, let’s re-examine the Seiko Prospex LX SNR035J, a high-spec Spring Drive GMT at a shade under $8000AUD, that carries with it a murdered … ContinuedThe post The Seiko Prospex LX SNR035J looks like it’s been sent to put a hit on anyone that questions its (high) price point appeared first on Time+Tide Watches.
SJX Watches
Business News: Swatch Group Sales Plunge on Pandemic Closures
Swiss watchmaking conglomerate Swatch Group just announced its half-year 2020 results and unsurprisingly, it took a huge hit due to the COVID-19 pandemic. Although the group, which owns brands like Omega and Longines, had a good start in January with an operating margin of 17.3% – with the watch and jewellery brands performing a bit better than movement- and component-production division – the lockdown progressively imposed across the world since February severely impacted sales, leading to a steep declines in revenue and half-year operating loss, a first for the group. Group sales for the first half plunged 43.4% at constant exchange rates from a year earlier, resulting in an operating loss of CHF327m, compared to a profit of CHF547m for the same period in 2019. Most of the drop in sales was attributed to the lockdowns in most countries, resulting in widespread store closures. The Swatch Group saw up to 80% of both its own boutiques and third-party retailers close, meaning it had to rely on partially “partially feasible” e-commerce. And even after lockdowns were lifted, the group permanently vacated some of its retail space, as evidenced by disputes with its former landlord in Hong Kong, which has sued the Swatch Group for several million in allegedly unpaid rent. Due to its swiftly-streamlining retail network, the group’s employee count was trimmed by 6.5% since December 2019 to approximately 33,700 employees. This was also confirmed by anecdotal evidence fro...
SJX Watches
Kudoke Introduces the Kudoke 2 Nocturne
German independent watchmaker had a hit when it debuted the Kudoke 2 last year. Combining hand-engraved decor with an affordable price tag, the watch was well received by enthusiasts while also enjoying critical acclaim, winning the Petite Aiguille – the category for watches under 10,000 Swiss francs – at the 2019 Grand Prix d’Horlogerie de Genève (GPHG). The Kudoke 2 Nocturne is a limited edition variant of the standard model in a run of only 20 pieces, a nod to the 20th year of this century. While the standard version features a silver-and-gold palette, the Nocturne is dressed in shades of grey, both on the dial and movement. Initial thoughts The Kudoke 2 was one of last year’s more compelling watches for me. Not only is it priced well, but the watch has a refined yet German aesthetic that’s pleasing. The watch is clean, with no superfluous elements to distract from its charming simplicity, yet equipped with several attractive classical details. And the Nocturne has a slightly more modern look than the original, despite having the same design. The movement, developed with the help of Habring2, has a unique style and excellent finish, especially considering the price of €8,665, or a little under US$10,000, which is the same price as standard version. With artful hand engraving and an original movement, the watch screams value proposition. A new face Having an identical design as the standard model, the Nocturne retains the clean, symmetrical look of the...
Deployant
The Arnold & Son HM Perpetual Moon Aventurine
The HM Perpetual Moon Aventurine offers a spectacular solid gold moon phase sitting above the sparkling blue aventurine quartz dial and paired with an in-house Arnold & Son mechanical calibre. Demonstrating its British history and Swiss savoir-faire, Arnold & Son presents the HM Perpetual Moon with a beautifully decorative blue aventurine quartz dial, limited toRead More
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Seiko at Astronomical Observatory Chronometer competitions - or - How the Swiss lost their honor
Quill & Pad
The Purnell Escape II Double Tourbillon Comes To Life
Purnell’s latest model, Escape II, features two spherical tourbillons developed by Eric Coudray, the definitive expert in the field of three-dimensional multi-axis tourbillons. This is just one example of how the independent brand works with the best of the best in the watch industry to achieve such monumental timepieces. Martin Green reports after visiting the Swiss workshops.
Time+Tide
INTRODUCING: A breath of fresh Classic Fusion, Hublot’s Aerofusion Chronograph Special Edition “Boutique Monaco”
How do you celebrate a first birthday? Balloons? Candles? Maybe a cake? That’s what most folks would do. Hublot, however, like to do things a little differently. That’s why, to mark a year since their Monaco boutique opened, the provocative Swiss watchmaker has unveiled this – the Hublot Classic Fusion Aerofusion Chronograph Special Edition “Boutique … ContinuedThe post INTRODUCING: A breath of fresh Classic Fusion, Hublot’s Aerofusion Chronograph Special Edition “Boutique Monaco” appeared first on Time+Tide Watches.
SJX Watches
State of the Industry: The Luxury-Watch Market in China After the Pandemic
By far the most important markets for luxury watches, China and Hong Kong together accounted for over 21% of Swiss watch exports in 2019 according to trade body Federation of the Swiss Watch Industry. Add to that Chinese travellers who buy watches overseas, and the fact is the luxury-watch business is dependent on Chinese demand. So the crucial question for the watch industry’s future – what’s happening in the Chinese watch market post-pandemic? On May 10, one of the trending topics on microblogging platform Sina Weibo was the US$30 billion plunge in the net worth of LVMH chief Bernard Arnault, mirroring the sharp drop in LVMH shares. But barely a week before – exactly a month after the end of Wuhan lockdown – there were nearly 100 customers queuing outside the Louis Vuitton boutique in Shanghai’s Plaza 66, all eager to shop before the brand’s price hike. The line outside Louis Vuitton reflected the rebounding demand for luxury goods in China as it emerged from a lockdown. “Macro Data Indicates a Surge in Consumption” – read the headline in the business-focused Workers’ Daily newspaper on May 16. The sentiment is backed up by the latest data from the National Bureau of Statistics of China published in mid June. Though the statistics indicate retail sales of consumer goods declined 13.5% on a nominal basis from January to May, totalling RMB1,387.3 billion for the year to date, the monthly figures indicate a recovery is underway. The monthly numbers s...
SJX Watches
Petermann Bédat Introduces the 1967 Deadbeat Seconds
First revealed a year ago as a prototype with a dial that was a work in progress, the Petermann Bédat 1967 wristwatch with an unusual deadbeat seconds mechanism has just been launched in its final form. Mechanically identical to the prototype – it’s equipped a secondary escapement for the jumping seconds – the refined 1967 now has a partially-open dial that shows off the finely-finished keyless works. Initial thoughts The prototype 1967 deadbeat seconds was let down by an uninspiring faux-classical dial, which was a shame, because the movement was executed to an impressively high level. Fortunately, Messrs Petermann and Bedat embarked on a total redesign of the dial. Independent watchmakers don’t often make drastic changes to designs in response to criticism, but the two did so, and the result is a success. The new 1967 is a handsome watch that manages to look modern while evoking classical dial design. In fact, the new dial is essentially a “sector” dial with a sapphire chapter ring, a novel combination that has not been done before. And it is matched with Petermann Bédat’s take on classical lance-shaped hands, which complete the contemporary feel. The new 1967 in rose gold. Photo – Petermann Bédat Dial aside, the rest of the watch is largely identical to the prototype. The movement was already excellent and will be almost unchanged in the production versions, although Mr Petermann says that the engraved lettering on the three-quarter plate will be im...
SJX Watches
Business News: Longines CEO Walter von Känel Retires After 51 Years
After an epic career, industry legend Walter von Känel has just retired as chief executive of Longines, a post he held since 1988. Now 79 years old, Mr von Känel joined Longines in 1969, just as the watch industry was on the cusp of the Quartz Crisis, and stayed for 51 years. Under his leadership Longines has become the world’s fourth largest watchmaker by revenue, with 2019 sales of about 1.65 billion Swiss francs – from an output of about 2.1 million watches – according to Morgan Stanley estimates. Despite Longines’ vast size, Mr von Känel retained an almost unbelievable grasp of the brand’s history and products, something he demonstrated during a 2016 interview where he could describe the calibre inside the Lindbergh remake of 1987. For all his success, Mr von Känel remained steadfastly dedicated to the brand, keeping a relatively low profile despite being in a business filled with large personalities. When I asked in the 2016 interview if Longines would be doing anything to mark his 50 years at the company, he response was simple: “I am against the cult of personality. We sell Longines watches, we don’t sell von Kanel watches.” On his retirement, Mr von Känel was named Honorary Chairman of Longines, while keeping his appointment as Chairman of the Longines Foundation. The new chief executive of Longines is Matthias Breschan, who was most recently chief executive of Rado. Mr Breschan, in turn, will be succeeded at Rado by Adrian Bosshard, who wa...
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The Cheapest Swiss Tourbillon: A Game-Changer in Watchfinder & Co.'s Collection
Time+Tide
Dive Watch Fundamentals – DOXA, a sleeping giant in the dive watch world that is slowly waking up…
DOXA is a Swiss watchmaker deeply submerged in the annals of dive watch history, which spans more than half a century.The post Dive Watch Fundamentals – DOXA, a sleeping giant in the dive watch world that is slowly waking up… appeared first on Time+Tide Watches.
Deployant
Review: Peren Hintz
In-depth, hands on review of the new Peren Hintz. An interesting and intriguing amalgamation of Swiss precision and Transylvanian mystery.
Quill & Pad
Shrouded In Mystery And Fire: Opals In Jaquet Droz And Piaget Timepieces – Reprise
Alexander Doerr had never really paid much attention to opals before, but upon closer inspection he realized this gemstone is extraordinary – shrouded in mystery and well worth learning more about. Looking at an opal is like looking at fireworks or even looking into a galaxy. And, as he learned, two Swiss watch brands specialize in using the fiery gemstone in watches: Jaquet Droz and Piaget.
Time+Tide
INTRODUCING: The TAG Heuer Connected Golf Edition, pre-loaded with 40,000 golf courses
It was only three months ago that the latest TAG Heuer Connected watch was launched, the third generation of the luxury Swiss smartwatch that first hit the market in 2015, the same year as the first generation of the Apple Watch. One (eventful) quarter later and we see the launch of the brand new TAG … ContinuedThe post INTRODUCING: The TAG Heuer Connected Golf Edition, pre-loaded with 40,000 golf courses appeared first on Time+Tide Watches.
SJX Watches
Kees Engelbarts Introduces the Argentium Tourbillon Skeleton
Born in Holland but now based in Geneva, Kees Engelbarts is one of the most prominent and established engravers in Swiss watchmaking. He moved to Geneva in 1994, and began a career as an independent engraving not long after. Amongst the brands he has worked for are major names like Jaeger-LeCoultre and Hublot, but also independent watchmakers like Philippe Dufour and Svend Andersen. Mr Engelbarts also makes watches under his own name, focusing on elaborately engraved or open-worked movements. His latest creation is the Argentium Tourbillon, an incredibly airy yet organic tourbillon that’s been skeletonised entirely by hand. Initial thoughts Mr Engelbarts is one of the oldest names in movement skeletonisation, so whether or not you like the aesthetic, the work is always excellent. His engraved creations are mostly figurative, often depicting a mythological creature, while his skeletonisation is usually organic and extremely striking. Though the look of the Argentium Tourbillon is too alien for me, the work is impressive. The bridges are refined and organic, and looking almost soft, but they are metal. Going from a full bridge made of German silver to an extraterrestrial life form is tedious work made up of cutting and filing. The craft is both delicate and physical, and similar to the craft of a high-end jeweller. A reductive process The Argentium Tourbillon starts with a CH016 movement made by Le Cercle des Horlogers, a movement specialist in Neuchatel that specialise...
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The Best $1000 Swiss Made Automatic GMT Watch - Christopher Ward C65 Trident GMT Review
Time+Tide
A deep dive on why the new 2020 Jaeger-LeCoultre collection has excited us so much
Jaeger-LeCoultre’s 2020 Collection is their best in years Jaeger-LeCoultre’s Master Control collection has long been a benchmark for subtlety in the execution of style, with each movement, from simple three handers to chronograph calendars, being the definition of art meets mechanics. In 2020’s online edition of the Watches & Wonders fair, the Swiss maestros unveiled … ContinuedThe post A deep dive on why the new 2020 Jaeger-LeCoultre collection has excited us so much appeared first on Time+Tide Watches.
SJX Watches
Zelos Introduces the Mirage Tourbillon in Pattern-Welded Alloys
A Singapore-based “micro brand”, Zelos Watches has found success with affordable sports watches, mostly priced at about US$1,000 or less, but often incorporating unusual materials such as carbon fibre or meteorite. But in a significant departure from its usual fare, Zelos has just unveiled the Mirage, a flying tourbillon powered by a calibre made by a noted Swiss movement maker La Joux-Perret. With the case options including Timascus and mokume-gane, which are pattern-welded titanium and bronze respectively, the Mirage certainly sticks to the brand’s design ethos of exotic materials. Initial thoughts While it’s not surprising that the Mirage is substantially more expensive than Zelos’ past models, it is still good value for a watch featuring both a respectable tourbillon movement and an exotic-metal case. The case is sleek and modern, machined to create sharp, wide facets that give it an aggressive stance and complement the contemporary look of the movement. Of the three case materials on offer, the Timascus versions are the most intriguing. Typically found in high-end custom knives, Timascus is being used in a watch for the first time according to Zelos. Flying tourbillon In terms of complications, the Mirage is a radical departure from the brand’s previous offerings. Powered by a skeletonised flying tourbillon movement from La Joux-Perret, the Mirage enters the realm of technical horology. The movement is hand-wound, with its bridges and base plate coate...
Hodinkee
Business News: Watch Industry Braces For Historic Downturn
Q1 was bad. Q2 will be brutal, as Swiss watch production and sales come to "a standstill."
SJX Watches
Breitling Introduces the Superocean Heritage ’57 “Rainbow” – Again
Just in April this year, Breitling unveiled the Breitling Superocean Heritage ’57 Rainbow, a limited edition of just 250 pieces that it sold out within a few hours according to Breitling chief executive Georges Kern. With the presses for the 250 barely cool, Breitling has announced another rainbow-theme diver, the Superocean Heritage ’57 Limited Edition II. This time, the limited edition is 1,000 pieces – but with a charitable twist: 500,000 Swiss francs from the sale of the new edition will go to charities that support healthcare workers. The bulk of the sum has already been donated, split evenly amongst six charities in six countries that are amongst the hardest hit by the COVID-19 pandemic. Initial thoughts Issuing an almost-identical edition after the initial home run is not cool. It feels a bit too blatant. That said, it is substantially redeemed by the generous donation, which is equivalent to about 10% of gross revenue from the new “Rainbow II”. It is encouraging to see watchmakers leverage on their brand equity to aid relief efforts. As for the watch itself, the Rainbow II is actually a better looking watch. While the first edition had had a black dial and bezel, the new edition employs a blue dial and bezel that I find to be even more striking. The primary attraction is of course the rainbow-graduated hour markers that inject a playful element into what’s otherwise a serious-looking retro dive watch. While the rainbow markers may be divisive – I lo...
SJX Watches
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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Omega Co-Axial Escapement Explained
SJX Watches
A Tribute to Peter Baumberger of Urban Jürgensen & Sønner
Peter Baumberger (Koppingen, 1939 – Biel, 2010) Ten years ago, Peter Baumberger died in Biel. On the occasion of this anniversary, I would like to pay a brief tribute to the one who was a dear friend and an extraordinary character – pictured above with his favourite oval tourbillon pocket watch and wearing a Ref. 3 wristwatch – whose ideas and personality marked the Swiss watch industry after the Quartz Crisis. I first met Peter in November 1975, during a sale organised by Peter Ineichen auctioneers in Zürich. He was with the famous Derek Pratt. At that time, Peter was one of the world’s leading dealers in antique watches. His charming and authentic nature immediately fascinated me – this is how our friendship started, a friendship that lasted until the end of his life. The name of Peter Baumberger will remain forever in Swiss watchmaking history thanks to his rescue and his revival of the historic brand Urban Jürgensen at Le Locle, which he acquired in the late 1970s. Undeniably, Peter played a pioneering role in the renaissance of the high-quality Swiss mechanical watch, long before others. As a trained watchmaker, he combined cutting-edge technical skills with a very distinct aesthetic sensitivity, as well as with an intimate knowledge of the works of the old masters; the remarkable confluence of these aspects is therefore the basis of his creative work. Peter put all his strength and his spirit at the disposal of Urban Jürgensen to give a new spark to the...
Hodinkee
Introducing: The Parmigiani Fleurier Tonda Tondagraphe Rose Gold Slate
A high complication from the best-kept secret in Swiss watchmaking.
Revolution
Zooming In With Patrick Pruniaux, CEO Girard-Perregaux
CEO of Girard-Perregaux, Patrick Pruniaux, helps bring Revolution through the grand tale of the brand’s revolutionary take on the Constant Escapement.
Time+Tide
VIDEO: The TAG Heuer Connected Watch Generation 3, the first smart watch that feels – and looks – like a real watch
Editor’s note: Watchmaking is founded on incremental progress. The slow accumulation of applied knowledge that produces a better and better product with each passing year. That is exactly what TAG Heuer have achieved with their latest generation Connected Watch, offering the most optimised blend of Swiss luxury and Silicon Valley tech that we have seen … ContinuedThe post VIDEO: The TAG Heuer Connected Watch Generation 3, the first smart watch that feels – and looks – like a real watch appeared first on Time+Tide Watches.
Hodinkee
In-Depth: Why The Grand Seiko 60th Anniversary SLGH002 Is Some Of The Biggest Watch News Of 2020
The new Hi-Beat caliber offers the first new series-produced escapement in over two decades.
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