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Portugieser IWC

IWC's 1939 pocket-watch-movement wristwatch for Portuguese maritime officers. Oversized 42mm for its era.
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Ingenieur IWC

IWC's 1955 anti-magnetic engineer watch, redesigned by Gérald Genta in 1976 and revived in 2023.
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Richemont

Geneva luxury holding group founded 1988 by Johann Rupert. Owns Cartier, IWC, JLC, A. Lange & Söhne, Vacheron, Panerai, Piaget. Largest haute-horlogerie portfolio in the industry.
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IWC Gallery IWC

Wristshot gallery from the Horlogeforum IWC thread.
Business News: Watches & Wonders Shanghai to Happen September 2020 SJX Watches
Vacheron Constantin all owned Jul 23, 2020

Business News: Watches & Wonders Shanghai to Happen September 2020

With its Geneva debut in April 2020 cancelled due to the COVID-19 pandemic, the watch fair once known as SIHH is moving to Shanghai. Its organisers have just announced Watches & Wonders Shanghai will take place from September 9-13, 2020 at West Bund Art Center. W&W; Shanghai will see only 11 brands take part, down from 30 at the Geneva event. The exhibiting brands are A. Lange & Söhne, Baume & Mercier, Cartier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis, and Vacheron Constantin – all owned by Swiss luxury group Richemont – as well as independently-owned brands Parmigiani Fleurier and Purnell. Like the original fair in Geneva, the Shanghai event will be invite-only, and will include new product launches, talks, as well as watchmaking classes. Alongside the physical exhibition in Shanghai, W&W; will also unveil the new products on its website. With the Chinese watch market now in the midst of a sharp upturn post-pandemic – evidenced in the results of both Richemont and the Swatch Group – China is likely the single largest national market for luxury watches that is operating close to normal, making the migration of the event from Geneva to Shanghai eminently logical.  

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Business News: Richemont Sales Halve in First Quarter of 2020 SJX Watches
Panerai suffered from widespread store Jul 16, 2020

Business News: Richemont Sales Halve in First Quarter of 2020

Just days after the Swatch Group posted dismal half-year results, Richemont reported predictably poor sales for its first quarter, with revenue falling 47% to €1.99 billion compared to a year earlier. Like its rival the Swatch Group, Richemont was hit hard by the COVID-19 pandemic. The owner of almost two dozen watch and jewellery brands, including Cartier, IWC and Panerai, suffered from widespread store and distribution centre closures, a worldwide halt in tourism, and dampened consumer interest in many of markets, although China was a bright spot. Degrees of resilience The group’s business across the world was affected to varying degrees from region to region, depending on a combination of factors, namely the duration of closures, tourist spending, and spending of the domestic buyers. Although Richemont reported double-digit sales declines across all regions, distribution channels and business areas, the decreases were less pronounced in the Middle East, Africa, and Asia Pacific – the latter benefitted from a 47% year-on-year growth in sales in China, which exited its lockdown earlier than the rest of the world. China’s performance helped keep sales in the Asia Pacific resilient, to a degree. Sales in the region decreased by 29% at actual exchange rates to €277m, declining in all Asian markets, except China. Amongst the hardest hit were Japan and the Americas, where sales dropped 62% and 60% respectively due to widespread closure. The 2020 Cartier Privé Tank...

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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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Business News: Richemont Pessimistic After Weak Results SJX Watches
Panerai enjoyed “good sales performance” May 15, 2020

Business News: Richemont Pessimistic After Weak Results

Richemont’s fourth quarter was one of the victims of the COVID-19 pandemic, pulling down its results for the full year to end-March 2020. Even though the full year’s tally was not down substantially, Richemont chairman Johann Rupert was gloomy in his prediction for the coming year. China, the first country to recover from the pandemic, has “apparently returned to ‘business as usual’ remarkably quickly” and Richemont stores there are enjoying now “strong demand”. But because everywhere else is only partway through the crisis, the plain-speaking South African tycoon raised the possibility of “12, 24 or 36 months of grave economic consequences”, while halving the annual dividend to €1 a share to conserve cash. Johann Rupert. Photo – Richemont The Swiss luxury conglomerate, which owns brands like Cartier, IWC, and Panerai, enjoyed “good sales performance” until the fourth quarter, with its jewellery brands and online retail performing better than other divisions, including watchmaking, which has lagged for several quarters. At actual exchange rates, annual sales eked out a 2% rise to €14.2 billion, with most regions growing slightly, save for a 5% decline in Asia Pacific. Net profit fell 34%, excluding a one-off, non-cash gain due to a share revaluation the year prior. The declines were largely due to the fourth quarter, where Richemont took a massive hit. In the last quarter, sales fell by 18% globally, with Hong Kong crashing 67%. The group end...

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All That’s New at Watches & Wonders 2020 SJX Watches
Vacheron Constantin Égérie collection Les Cabinotiers Apr 24, 2020

All That’s New at Watches & Wonders 2020

The virtual doors of Watches & Wonders 2020 are now open – here’s an overview of all notable new releases from the exhibiting brands. This page will be updated as additional watches are launched in the coming months, so bookmark this. A. Lange & Söhne Odysseus Datomatic in white gold Zeitwerk Minute Repeater in white gold Cartier Cartier Privé Tank Asymétrique Maillon de Cartier Pasha de Cartier Santos-Dumont XL Santos-Dumont Limited Editions Santos de Cartier ADLC Girard-Perregaux Laureato Absolute Light IWC Portugieser Automatic 40 Portugieser Chronograph 3716 Portugieser Monopusher Chronograph Edition “Laureus Sport for Good” Portugieser Perpetual Calendar 42 IWC Portugieser Yacht Club Moon & Tide Jaeger-LeCoultre Master Control Collection Master Control Memovox and Master Control Memovox Timer Montblanc 1858 Automatic 24H 1858 Split Second Chronograph Limited Edition 100 Heritage Manufacture Pulsograph Panerai Luminor Marina Carbotech PAM01661 Luminor Marina Titanio DMLS PAM01117 Luminor Marina Fibratech PAM01663 Submersible EcoPangaea Tourbillon GMT PAM01108 Parmigiani Toric Tourbillon Red Gold Slate Piaget Altiplano Ultimate Concept Vacheron Constantin Égérie collection Les Cabinotiers Grand Complication Split-Seconds Chronograph “Tempo” Les Cabinotiers Astronomical Grand Complication “Ode to Music” Les Cabinotiers “The Singing Birds” Overseas Ultra-Thin Perpetual Calendar Skeleton Traditionnelle Tourbillon Chronograph  

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Watches & Wonders to Debut Online Starting April 25 SJX Watches
Patek Philippe Chopard Apr 20, 2020

Watches & Wonders to Debut Online Starting April 25

Cancelled because of the COVID-19 coronavirus pandemic, Watches & Wonders (W&W;) was due to take place in Geneva but will now go online starting April 25, 2020 at 12:00 pm CET (or 6:00 am in New York, 6:00 pm in Hong Kong and Singapore), where most of the year’s new watches will be revealed. Once known as SIHH, W&W; was meant to take place in the Palexpo convention centre in Geneva. Now the 30 brands that would have taken part in the event will be presenting their wares on a brand-new W&W; website, a project that has been completed in barely a month. Amongst the exhibiting brands are A. Lange & Söhne, Cartier, Hermes, IWC and Panerai, as well as independent brands like Ressence and H. Moser & Cie. Three cheers for a long, long time ago, when W&W; was actually real The virtual fair will showcase most of the year’s new launches, accompanied by videos, articles and other content. And the April 25 opening is just part one of W&W;, with the second part slated to arrive in summer 2020, where additional products will be launch, along with “strategic e-commerce partnerships”. Ambitious as it is, being the first large-scale virtual “fair”, this may be the first and final instalment of W&W;, given that Rolex, Patek Philippe, Chopard and Chanel have withdrawn from Baselworld and will be joining the new, as-yet unnamed fair in Geneva in April next year that will substitute W&W;. The virtual W&W; will go live on April 25 at Watchesandwonders.com. You’ll find all of the new la...

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Up Close: H. Moser & Cie. Streamliner Flyback Chronograph SJX Watches
Montblanc Jan 9, 2020

Up Close: H. Moser & Cie. Streamliner Flyback Chronograph

Luxury sports watches are a fad that numerous watchmakers are trying their hands at – with varying degrees of success. H. Moser & Cie. is the latest brand to try its hand at a sports watch. While the fact is not a surprise, since the company has been dropping hints about it for over a year, the product is unexpectedly well executed and different. Limited to 100 pieces but with future variants in the works, the Streamliner Flyback Chronograph is a “bull’s head” chronograph with the buttons at two and ten o’clock and a “racing” style dial. The Streamliner is characterised by an unusual cushion-shaped case and integrated bracelet, creating a design that brings to mind watches of the 1970s and 1980s, but still manages to be novel in the crowded luxury sports watch segment. Importantly, Moser also got the functional aspects of the watch right: the case is water-resistant to 120m, and the chronograph pushers can be operated underwater to the same depth. The Streamliner on the wrist of Moser CEO Edouard Meylan Fond memories Designed by Marcus Eilinger, a freelance designer whose recent work includes watches for IWC, Montblanc and Huawei, the Streamliner brings to mind interesting, maybe even great, watches of the past that are now forgotten, so it looks fresh. Edouard Meylan (left) with designer Marcus Eilinger. Photo – H. Moser & Cie. While Streamliner’s case is reminiscent of chunky 1970s chronographs made by the likes of Omega, Heuer, and Longines, the integ...

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Business News: Richemont Reports Flat Watch Sales and Losses Online SJX Watches
Vacheron Constantin as enjoying Nov 8, 2019

Business News: Richemont Reports Flat Watch Sales and Losses Online

Having just announced its six-month results to the end of September, luxury conglomerate Richemont eked out a rise in sales driven by its jewellery division, with its online business staying in the red and watchmakers showing no growth. Sales rose 9% increase to €7.397 billion, with a stable net profit of €869 million, based on actual exchange rates. The group reported double-digit sales growth in China, Korea, Japan, the US and the United Kingdom. But overall sales in Asia Pacific, which accounts for 37% of the group’s sales, has been subdued, mostly due to the political unrest in Hong Kong, which accounts for around 10% of the group’s revenue. The city saw sales drop by double digits. Richemont’s jewellery brands, namely Cartier and Van Cleef & Arpels, though it just added Buccellati to its portfolio, reported an 8% rise in sales. Notably, it was led by a higher increase in watch sales than jewellery. Prospects for the group’s watch brands, which include IWC and Panerai, have been muted due to the slump in its biggest market, Hong Kong. Richemont singled out Panerai, A. Lange & Söhne and Vacheron Constantin as enjoying the highest growth within the watch division, which is notable for the fact that these brands are not usually the drivers of growth, at least in recent years. The A. Lange & Söhne Odysseus, launched too late to help sales but its maker did well anyway In terms of sales channels, retail sales at Richemont’s own stores were up by 4%, but who...

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Hands-On: Hermès Arceau L’Heure De La Lune SJX Watches
Hermes Chronode conceived Oct 8, 2019

Hands-On: Hermès Arceau L’Heure De La Lune

Hermès, as a brand, usually has an elegant, light and sometimes whimsical house style that makes it unique amongst luxury houses. The Arceau L’Heure De La Lune unveiled at SIHH at the start of the year exemplifies the house style, although the case is thicker than ideal. Functionally, the Arceau L’Heure De La Lune is a straightforward watch – it shows the time, date and phases of the Moon in both the Southern and Northern hemispheres. But the execution of the time and date is striking and clever. Orbital moon phases The two are essentially orbital displays, as each is on a sub-dial mounted on a rotating, central carousel. The carousel take 59 days to make one complete revolution around the dial. But each sub-dial also rotates on itself as the carousel turns. As a result, each sub-dial is always the right way up regardless of its position. Both sub-dials also double up as the moon phase indicator, with position of each sub-dial indicating the age of the Moon in each hemisphere. And in a bit of whimsy, the hemispheres have been inverted, with the Southern on top and Northern below. The Arceau L’Heure De La Lune with a meteorite dial The inventive display was built by Chronode, the complications specialist founded by Jean-Francois Mojon, which has a diverse body of work that includes Urban Jurgensen’s P4 movement, the MB&F; LM2, and the constant force tourbillon of IWC. The display module by Chronode. Photo – Hermes Chronode conceived and builds the ...

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Business News: Richemont Acquires Milanese Jeweller Buccellati SJX Watches
Panerai Sep 27, 2019

Business News: Richemont Acquires Milanese Jeweller Buccellati

Swiss luxury conglomerate Richemont has just added Buccellati to its stable of luxury brands, which include watchmakers like A. Lange & Söhne, IWC, Panerai. Richemont is buying the 100-year old Milanese jeweller from Gangtai Group Corporation Limited, a Chinese conglomerate that bought a majority stake in 2017 that reputedly valued the jeweller at €230m, or about US$271m at the time, according to Forbes. Gangtai had owned 85% of Buccellati, with the remainder held by the founding family, but like many of its peers the Chinese group has been forced to sell assets as the Chinese government put a stop to the debt-fuelled overseas expansion that was earlier fashionable. The terms of Richemont’s acquisition were not disclosed, although Chinese news website Jing Daily reports Buccellati was valued at US$313m, including debt, equivalent to about 15% of Richemont’s net cash position in the last fiscal year. According to Richemont, Buccellati family scion Andrea Buccellati as well as several other family members will remain with the jeweller after the takeover. Buccellati gives Richemont a more diverse presence in high-end jewellery, where its business is concentrated the Parisian jewellers Cartier and Van Cleef & Arpels, which together account for the bulk of group sales. In contrast to the French style of both Cartier and Van Cleef & Arpels, Buccellati’s Italian sensibility gives Richemont a stylistic counter to Bulgari, the Roman jeweller owned by French luxury ...

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Tudor Black Bay Bronze 
Blue Bucherer Special Edition Review WatchAdvice
Roger Dubuis just Aug 8, 2019

Tudor Black Bay Bronze 
Blue Bucherer Special Edition Review

The Black Bay Bronze Blue Bucherer special edition was made specifically by Tudor for the Swiss watch company based in Lucern; Bucherer. Founded in 1888, Bucherer is one of the oldest luxury Swiss watchmakers that is still run to this day by the founding family. Bucherer has up to twenty nine stores throughout Europe, with ten of them being in Switzerland alone. One of the stores located in Paris, is the worlds largest watch and jewellery store. In the lead up to the 130th anniversary for Bucherer, they released a collection with Bucherer’s signature colour, termed “Bucherer Blue”.  Along with Tudor, this collection would see collaborations with other major brands such as IWC, Breguet, Oris, Tag Heuer and Roger Dubuis just to name a few. A total of 36 watches has been produced for the Bucherer Blue collection.  The Tudor Black Bay Bronze Blue Bucherer special edition is almost identical to the original Heritage Black Bay Bronze aside from the aesthetic appearance between the two models. While the original Tudor Black Bay Bronze had great success with buyers and collectors in general, it offered little to people that wanted more colour depth/contrast on the watch. This is due to the dial on the Black Bay Bronze being matte brown with a brown bezel insert, followed by a bronze casing. While the watch does indeed look great and has its own appeal, the similarities in colour throughout the timepiece didn’t do the watch justice. That is until the Tudor Black Bay Bronz...

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Hands-On: Gorilla Fastback “RAW Celebratory Edition” SJX Watches
Audemars Piguet Jul 30, 2019

Hands-On: Gorilla Fastback “RAW Celebratory Edition”

Despite being one of many recent startups specialising in stylish, affordable watches, Gorilla has managed to set itself apart from a crowded field by creating watches that are well designed and smartly detailed. That’s because the Gorilla was founded in 2016 by two veterans watch design: Lukas Gopp, an alumni of IWC and Audemars Piguet, and the better known of the pair, Octavio Garcia. Mr Garcia spent almost 15 years at Audemars Piguet, five of them as chief designer; one of his most famous and successful creations was the Royal Oak Offshore “Alinghi” in forged carbon, one of the hottest watches of the mid-2000s. Gorilla now only offers essentially a single model – the Fastback – in several variations, with the design and colours inspired by 1950s American muscle cars. And it is obvious that several of its watches are reminiscent of certain Audemars Piguet timepieces. But with the Gorilla watch case having a distinctive profile of its own, coupled with the fact that most of its watches cost less than US$800, Gorilla watches have an easy appeal. A gilded 15 This particular Gorilla is a limited edition made for the 15th anniversary of Red Army Watches, a Singapore-based retailer that specialises in affordable watches; amongst the other brands it carries are SevenFriday and Grand Seiko. Formally known as the RAW x Gorilla Fastback Celebratory Edition, the watch is not drastically different from the standard model that serves as the base, the Fastback Gal...

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Business News: Richemont and Swatch Results; Massive Inventories at Swatch SJX Watches
Vacheron Constantin saw overall sales dip Jul 18, 2019

Business News: Richemont and Swatch Results; Massive Inventories at Swatch

Swiss watchmaking groups Richemont and Swatch Group just announced their first quarter and six-month results for 2019 respectively, with each going in opposite directions. Owner of brands like Cartier, IWC and Panerai, Richemont saw growth across most segments and regions. Overall sales were up 12% at constant exchange rates, with every region growing in the low teens save for the Middle East and Africa. Sales in Asia grew 10%, led by China, where demand is up due to lower taxes locally on luxury goods and more stringent checks on travellers importing items bought overseas. Most notable was the performance of its online channels, namely luxury fashion mall Yoox Net-a-Porter (YNAP), pre-owned watch merchant Watchfinder, and to a lesser extent. That growth is from a low base of comparison: last year’s first quarter for each platform was only two and one month respectively. That being said, online sales are still substantial, rising to 50% to €648m, almost equal to the €698m of sales in the Americas as a whole. The group’s watchmaking brands, which include A. Lange & Söhne and Vacheron Constantin, saw overall sales dip 2%. This was attributed to a reduction in the number of sales channels as well as reduced orders of new product by retailers. Up in Biel, where the Swatch Group has its headquarters, half-year sales were down 3.7% at constant exchange rates, to 4.07 billion Swiss francs. Net profit followed suit, shrinking 11.3% to 415m francs. For the full year, howe...

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Breguet Introduces the Type 20 for Only Watch 2019 SJX Watches
Breguet Introduces Jul 4, 2019

Breguet Introduces the Type 20 for Only Watch 2019

Among vintage military watches, some are more interesting and significant than others. They include the IWC Mark 11 and Rolex “Milsub”,  and also the early Type 20 chronographs made by Breguet for the French air force and navy in the 1950s. Breguet has revived the first-generation, military-issue Type 20 for Only Watch 2019. The one of a kind remake is faithful not just in terms of dimensions and aesthetics, but also the movement. Instead of a modern calibre, it is powered by a refurbished, vintage Valjoux 235 movement, just like the original. Breguet Type 20 “Only Watch” And a bit of nomenclature explanation before proceeding: “Type 20” refers to a French military specification for pilot’s chronographs, which refers to the original, military-issue watches. Watches produced for the civilian market, including the modern day models, are identified by the model name in Roman numerals – Type XX. The origins After WWII, Breguet was one of several watchmakers, including Mathey-Tissot, Airain, Vixa, Auricoste, and Dodane, that supplied Type 20 chronographs to the French Air Force and Naval Air Force. While the actual Type 20 specification has been lost, the general consensus is that it called for a watch a prominent seconds track, a 38mm-ish case with a screw-in back and thickness of not more than 14mm, accuracy of within eight seconds a day, and most crucially, a flyback chronograph with a start-stop function that would work reliably at least 300 ti...

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VIDEO: 5 of the best independent watches from SIHH 2018 Time+Tide
Montblanc Mar 8, 2018

VIDEO: 5 of the best independent watches from SIHH 2018

If you know a little bit about how the world of watches works, you’ll likely know that it’s a space dominated by a few big groups (namely Richemont, Swatch and LVMH), each with their own stable of brands. SIHH is a show dominated by Richemont brands - big names like Cartier, IWC and Montblanc. But … ContinuedThe post VIDEO: 5 of the best independent watches from SIHH 2018 appeared first on Time+Tide Watches.

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ADVENT CALENDAR 2016: December 9 – The Bell & Ross BR 03-94 Chronograph Desert Type Time+Tide
Bell & Ross BR 03-94 Chronograph Desert Dec 8, 2016

ADVENT CALENDAR 2016: December 9 – The Bell & Ross BR 03-94 Chronograph Desert Type

You don’t often see pics of Santa in the desert. But if you did, and if he’d put an appropriate amount of thought into his watch choice, you’d see either an IWC Pilot’s Watch Mark XVIII Top Gun Miramar or this Bell & Ross BR 03-94 Chronograph Desert Type on his wrist. Both have that … ContinuedThe post ADVENT CALENDAR 2016: December 9 – The Bell & Ross BR 03-94 Chronograph Desert Type appeared first on Time+Tide Watches.

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