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Results for WOSTEP (Watchmakers of Switzerland Training and Educational Program)

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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...

RECOMMENDED READING: How independent watchmakers are changing the game Time+Tide
Oct 14, 2019

RECOMMENDED READING: How independent watchmakers are changing the game

Nicholas Foulkes is an author, journalist and perhaps the closest thing the 21st century has to a genuine flâneur. He’s also deeply entrenched in the finer workings of the finer elements of the Swiss watch industry, so when he writes, it’s worth reading. His latest column in the Financial Times’ excellently titled ‘How to Spend … ContinuedThe post RECOMMENDED READING: How independent watchmakers are changing the game appeared first on Time+Tide Watches.

New MIH Gaïa Series I Watch: Surprising In Its Use Of Brutalist Design Quill & Pad
Sep 21, 2019

New MIH Gaïa Series I Watch: Surprising In Its Use Of Brutalist Design

The Musée International d’Horlogerie announces a new MIH watch, called into existence to help finance ongoing museum projects as well as raise public awareness for safeguarding horological heritage and to promote the expertise of regional watchmakers. This surprising timepiece takes its direct inspiration from the museum building itself, a product of Brutalist architecture.

The ultimate watch glossary – the lowdown on watch buckles, clasps and all the rest Time+Tide
Aug 16, 2019

The ultimate watch glossary – the lowdown on watch buckles, clasps and all the rest

In the latest instalment of our glossary series (you can see all our educational style content here), we tackle one of the most overlooked (and most important) elements of a watch. The bit that attached it to your wrist – buckles and clasps in all their forms …  The tang buckle, also known as the … ContinuedThe post The ultimate watch glossary – the lowdown on watch buckles, clasps and all the rest appeared first on Time+Tide Watches.

Interview: David Newman, Chairman of The George Daniels Trust – Part II SJX Watches
Aug 11, 2019

Interview: David Newman, Chairman of The George Daniels Trust – Part II

A watch and car man very much like George Daniels himself, David Newman – above in a recent picture with his Porsche 911 – is now the chairman of the George Daniels Educational Trust. Capitalised entirely by the proceeds from the sale of Daniels’ estate, the trust funds students in the United Kingdom, including those pursuing watch- and clockmaking. Mr Newman has overseen the trust since its inception, and shows no signs of slowing down. In the second part of my interview with him, he discusses how the trust came about, what it does today, and some of its upcoming projects. And Mr Newman talks about Roger W. Smith, the protege of Daniels and the torchbearer of his horological legacy. This is part two of the interview. Remember to finish part one before continuing on below. The interview has been edited for clarity and length. Tell us about how the trust and its charitable works came about. In the last ten years of George’s life, he was very occupied with what would happen when he passed away. He wanted to make sure everything was in place. I used to go to the island every three weeks. His kitchen had a very long table usually covered in correspondence and paperwork, and we spent hours there. He told me about the future and what he wanted to happen to his estate – his cars, motorbikes, clocks – which was important because he’d seen friends pass away and their collections dissipated. He was very aware that he was going to be passing away at some time and h...

LIST: 5 utterly useless complications and why we love them Time+Tide
Sep 26, 2018

LIST: 5 utterly useless complications and why we love them

The most straightforward definition of the word complication is “a difficulty”. But not to state the obvious, nothing is simple about being complicated. And as watchmakers and watch lovers know, when it comes to watches and their complications, there’s far more than just their difficulty of design and manufacture to appreciate. These added intricacies built … ContinuedThe post LIST: 5 utterly useless complications and why we love them appeared first on Time+Tide Watches.

OPINION: Is this the most important (and overlooked) element in watch design? Time+Tide
May 27, 2018

OPINION: Is this the most important (and overlooked) element in watch design?

Case profile. There, I said it. It might not be as sexy as the movement or the dial, but in terms of real-world user-friendliness, it’s the kingmaker or deal-breaker. The problem is, watchmakers and fans are conditioned to a very top-down visual approach of watches. Look at any brand’s site, or most of the watches … ContinuedThe post OPINION: Is this the most important (and overlooked) element in watch design? appeared first on Time+Tide Watches.

HANDS-ON: Once in a Blue Side of the Moon – a closer look at the boldest Omega Speedmaster yet Time+Tide
Omega Speedmaster yet Omega’s ceramic Feb 22, 2018

HANDS-ON: Once in a Blue Side of the Moon – a closer look at the boldest Omega Speedmaster yet

Omega’s ceramic exploration of the Moonwatch has been underway for some time now, starting with the popular Dark Side of the Moon back in 2013. Since then, we’ve seen a bevy of monochromatic models, with numerous blacks on offer, as well as grey and white. Last year, Omega flipped the program a little, adding colour … ContinuedThe post HANDS-ON: Once in a Blue Side of the Moon – a closer look at the boldest Omega Speedmaster yet appeared first on Time+Tide Watches.

Roger Dubuis Shares Insights from a Lifetime of Watchmaking (Video) Revolution
Roger Dubuis Shares Insights from Feb 14, 2014

Roger Dubuis Shares Insights from a Lifetime of Watchmaking (Video)

In many ways, the Hommage collection, centrepiece range this year for Roger Dubuis, was all about celebrating the roots of the company. Suitably decorated, the Roger Dubuis stand at SIHH featured life-size watchmakers, each holding a bell jar containing a watch from the Hommage Collection. These represented watchmakers from the past who, in large and […]

Girard-Perregaux Winner Of The 13th. Grand Prix d’Horlogerie de Genève Revolution
Girard-Perregaux Winner Nov 17, 2013

Girard-Perregaux Winner Of The 13th. Grand Prix d’Horlogerie de Genève

Last Friday, the 15th of November, the jury of the 13th. Grand Prix d’Horlogerie de Genève (GPHG) unveiled its prize list. Quite a few independent watchmakers like Kari Voutilainen, Romain Gauthier and Benoît Mintiens, de Ressence were among the winners. Fifteen prizes honoured the year’s finest watch creations, including the supreme distinction, the “Aiguille d’Or”. […]

Due To The Growing Importance of the Asian Market, Fondation De La Haute Horlogerie will Revive the Large Scale Watches & Wonders Exhibition, This Time in Hong Kong! Revolution
Jan 26, 2013

Due To The Growing Importance of the Asian Market, Fondation De La Haute Horlogerie will Revive the Large Scale Watches & Wonders Exhibition, This Time in Hong Kong!

Long overdue and a natural step to respond to the growing importance of the Asian market in the luxury watch industry, Fondation de la Haute Horlogerie will bring the most prestigious international watch exhibition outside Switzerland to the Hong Kong Convention and Exhibition Center this September. The Fondation de la Haute Horlogerie is the organiser behind the massive […]