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Hands On: IWC Portugieser Chronograph Ceratanium SJX Watches
Hublot then Mar 25, 2026

Hands On: IWC Portugieser Chronograph Ceratanium

IWC started the year with a dramatic new look for a classic, the Portugieser Chronograph Ceratanium. Almost 30 years old but ageless, the Portugieser Chronograph gains an all-black look and Ceratanium case with this appealing, but pricey, limited edition that encapsulates the brand’s strengths and weaknesses. Initial thoughts In the mid to late 2000s, the all-black look was one the major fads in watchmaking, having been pioneered by Hublot, then at the beginning of its renaissance led by Jean-Claude Biver. All-black watches were everywhere yet desirable, and some even sold for multiples of retail. The Portugieser Chronograph Ceratanium is two decades late for that fad, and too early for the next one. But it is still an appealing watch in itself, though expensive compared to the standard version. It’s essentially a Portugieser chronograph dressed entirely in black with a case in ceramic-coated titanium. As a result, it has of the elements that make the model appealing: a symmetrical design, good proportions, slimness, and a distinctive style despite the simplicity. The all-black livery adds to the design, since it goes well with the clean styling. Though complementary aesthetically, the all-black finish and Portugieser design don’t quite pair conceptually, since the Portugieser is a historically inspired dress watch. Despite the incongruity, the Ceratanium chronograph looks and feels good on the wrist. More broadly, the watch illustrates IWC’s strengths and weakness...

The Ardra Labs Delta Type is a Universal GMT SJX Watches
Louis Vuitton made Mar 24, 2026

The Ardra Labs Delta Type is a Universal GMT

The Ardra Labs Delta Type addresses the sizeable minority that grapples with unusual time-zone offsets ignored by traditional GMT watches, doing so in a clever, practical, and visually distinct manner, in a well-rounded package. Initial thoughts Most of our lives follow standard time zones defined as full-hour offsets from Coordinated Universal Time (UTC) - the same as Greenwich Mean Time (GMT), practically speaking. However, well over a billion people, from Newfoundland, Canada, to New Zealand’s Chatham Islands, march to a different beat. The Ardra Labs Delta Type, created by Indian-American Nava Krishnan - a cybersecurity professional living in Washington, DC, with family back in South India - aims to provide a solution for those ignored by conventional GMT watches. Louis Vuitton made an attempt towards the same end, though by very different means, with the recent Twin Zone. Timezones of the world. Image – CIA World Factbook India, the world’s most populous country since 2023, spans two of the 24 geographic time zones - GMT+5:00 and GMT+6:00 - however, rather than splitting into two, the country splits the difference, with the entire nation observing a single GMT+5:30 time zone. This is not entirely unique: China nominally operates on a single time zone rather than the five geographic ones it covers, though that is a full-hour offset. While Venezuela and North Korea have abandoned their partial-hour time-zone offsets in the last decade, the Indian governm...

SJX Podcast: Affordable New Releases SJX Watches
Christopher Ward which just launched Mar 24, 2026

SJX Podcast: Affordable New Releases

Seiko is on something of a resurgence, aiming to take back its reputation as a value leader after the emergence, over the past decade, of increasingly competitive micro-brands. On episode 33 of the SJX Podcast, SJX and Brandon discuss the King Seiko Vanac, now available in titanium, and the Marinemaster, which has been transformed through a number of incremental upgrades. The discussion then turns to some other affordable new releases from Orient Star, Raketa, and Christopher Ward, which just launched an in-house ‘flyer’ GMT calibre with a five-day power reserve. Listen now on Apple Podcasts, Spotify, and YouTube.  

Audemars Piguet Expands Geneva Bracelet Manufacture SJX Watches
Vacheron Constantin Mar 23, 2026

Audemars Piguet Expands Geneva Bracelet Manufacture

Audemars Piguet (AP) is increasing its presence in what’s historically been the territory of Patek Philippe and Vacheron Constantin. Not only is AP returning to Watches & Wonders, the industry’s flagship event held each year in Geneva, the brand is also expanding its footprint in the city’s suburb of Meyrin with an expanded case and bracelet manufacture. What and where Meyrin was already the home of AP’s case and bracelet manufacture, but the brand has been bulking up on industrial capacity and took over a U-shaped building, completed in 1965 for a pharmaceutical company, in 2023. The new facility increases its Geneva footprint almost four-fold, to 9,000 square metres, with room for 350 staff. While the brand has built new structures closer to home, the choice to renovate an existing historical building is notable. Fortunately AP’s employees won’t be stuck in the past, as the building has been modernised for energy management and to accommodate modern machines. The building is a short jaunt from Les Boîtiers de Genève, F.P. Journe’s case and bracelet manufacture, in what’s already a hotbed of horological activity, home to brands like Roger Dubuis and Chopard. In addition, the new facility will be home to what the brand is calling its New Technologies hub, presumably part of the brand’s new approach to research and development, known internally as the ‘Fab Lab.’ Industrial excellence We recently had the chance to hear directly from AP’s chief indu...

In Depth: Breguet No. 160 Montre d’Or SJX Watches
Breguet No 160 Montre d’Or Mar 23, 2026

In Depth: Breguet No. 160 Montre d’Or

Abraham-Louis Breguet’s No. 160 exists first as legend. The standard account describes a secret commission for Marie Antoinette, incomplete when she faced execution, requiring forty-four years to finish. Theft, recovery, mystery, and royal romance: the narrative contains all the necessary elements of mythology. Yet this fame is recent. From its 1783 inscription in the order books through the 19th century, the watch remained largely unknown outside the Breguet workshop but for a few private collectors. Only when Sir David Lionel Salomons acquired it, nearly 140 years later, did the wider horological world learn of its existence, thanks to his careful cataloging and the watch’s public exhibition in 1923. Salomons gave credit to Breguet’s mastery on a scale previously unrecognised, establishing No. 160 as the supreme example of complicated watchmaking and the prime masterpiece of its maker. Sir David Lionel Salomons’s 1921 work on Breguet and the collection he assembled seems to be the first source to mention Marie Antoinette. Image SJX composite – Sotheby’s Subsequently, many sources have reported that the commission demanded every known watch complication and that no time constraints or limits were placed on its design or cost. The workshop records, however, tell a story that differs from both obscurity and legend. No. 160 appears in the 1783 order books as three words: “No. 160, Montre d’Or.” The entry stands alone, anonymous, unexplained and without cont...

Hands On: Audemars Piguet Royal Oak Malachite 37 mm SJX Watches
Audemars Piguet Royal Oak Malachite 37 Mar 20, 2026

Hands On: Audemars Piguet Royal Oak Malachite 37 mm

Audemars Piguet expands its stone‑dial lineup with the new Royal Oak Self-Winding 37 mm and 41 mm in yellow‑gold featuring malachite dials, continuing the brand’s cautious re-exploration of trendy stone dials. Initial thoughts Last month Bad Bunny, the most-streamed musician in the western hemisphere, took the field for the Super Bowl LX halftime show wearing this yellow gold Royal Oak Selfwinding 37mm. A design as recognisable as any in watchmaking, worn on the wrist of the “King of Latin Trap” in front of over a hundred million viewers - a significant marketing coup for Audemars Piguet. It was also an implicit endorsement from Bad Bunny’s stylist Storm Pablo, who procured the watch within days of its announcement. Bad Bunny during the Apple Music Super Bowl LX halftime show. Image – Apple Pricing remains surprisingly reasonable, with the 37 mm pegged to the same price as the turquoise-dialled sibling from a few years ago, while the 41 mm model is priced just 4% higher than a regular production Royal Oak in pink gold. That’s a large step up in absolute terms, but that comes with the (price) territory. It is important to point out that despite the premiums brands often attach to stone dials, most are not particularly expensive to make. When it comes to malachite, the raw material cost is negligible, with African mines in and around the Copperbelt producing gemstone-quality malachite by the literal ton. Audemars Piguet made the right choice by avoiding t...

SJX Podcast: Watches & Wonders Wish List SJX Watches
Girard-Perregaux Mar 20, 2026

SJX Podcast: Watches & Wonders Wish List

Watches & Wonders is less than a month away, so for episode 32 of the SJX Podcast we’re talking about what we’d want to see from some of the major brands like Patek Philippe, Grand Seiko, and Tudor. It’s always difficult to make predictions, and the best releases from every year are usually a surprise, but Andrew put together a few picks that we believe would be crowd-pleasers, were they to be released. SJX and Brandon also discuss the latest minute repeater from Girard-Perregaux, and SJX’s own sold-out collaboration with Habring²: the Chrono-Felix Medicus chronograph. Listen now on Apple Podcasts, Spotify, and YouTube.  

Hands On: Christopher Ward C63 Sealander True GMT SJX Watches
Christopher Ward C63 Sealander True GMT Mar 19, 2026

Hands On: Christopher Ward C63 Sealander True GMT

The Christopher Ward C63 Sealander True GMT fills a conspicuous gap in the brand’s catalogue with a proper ‘flyer’ GMT, complete with an independently adjustable local-time hour hand. A handsome, expensive-looking dial conceals the new CW-002 movement, which is COSC-certified and offers a five-day power reserve - a rare pairing. While collectors have noticed that Christopher Ward’s pricing has risen steadily in recent years, the True GMT makes a compelling case that the technical substance has kept pace. The journeyman brand Christopher Ward (CW) is a brand that is evolving unusually rapidly, and seems to have been in a state of almost constant transformation since it was founded in 2004. The brand has cycled through a number of different logos in a fairly short period of time, which has confused collectors. The product mix has also shifted, reflecting more upmarket ambitions that have priced out fans of the brand’s early budget products. This instability has turned off some collectors, which is understandable - most luxury brands are fairly conservative, in part to emphasise the long-lasting social capital that comes with a purchase. That said, CW seems to have finally found an identity worth sticking to. The new logo, which combines England’s St. George’s Cross and the white cross of the Swiss flag, is simple and appealing, and concisely communicates the English/Swiss origin. And while it’s true that prices have crept up, the brand has increased innov...

Citizen Marks 50 Years of Solar with Japanese Paper Dial SJX Watches
Citizen Marks 50 Years Mar 19, 2026

Citizen Marks 50 Years of Solar with Japanese Paper Dial

Citizen invented the first solar-powered analogue watch way back in 1976, and now it’s marking 50 years of its signature timepiece with “The Citizen” Eco-Drive 50th Anniversary. Five decades on Citizen’s solar technology is amongst the most advanced, and the anniversary edition is equipped with a movement that runs within five seconds a year, and will last 18 months on power save mode. But the dial, on the other hand, is traditional Japanese craft: it’s made of washi, a paper that’s dyed by hand, and translucent enough to allow solar charging. Initial thoughts The combination of washi, Super Titanium, and high-end quartz is a familiar one, with Citizen having applied it to past limited editions. Although Citizen is repeating the formula, this remains impressive from both a technology and materials perspective. The ultra-accurate A060 is one of the most sophisticated analogue quartz movements on the market, while Citizen’s proprietary hardened titanium, first polished by hand then hardened, is equally impressive. Tech aside, the anniversary edition stands out for the washi dial that adds a little bit of traditional Japanese craft to all of the cutting-edge tech in the watch. The dial is made of Japanese paper that’s dyed by hand with old school dyes obtained from plants. That said, this anniversary edition is still a relatively niche product for enthusiasts who appreciate high-end quartz technology packaged well. All of that tech and finishing comes at a pri...

Seiko’s New Marinemaster Gives the People What They Want SJX Watches
Seiko s New Marinemaster Gives Mar 18, 2026

Seiko’s New Marinemaster Gives the People What They Want

Less than two years out from its 2024 relaunch, Seiko refreshes its flagship dive watch with the new Prospex Marinemaster 1968 Heritage Diver’s Watch HBF001 and its limited edition counterpart, the HBF002. Both models feature a ceramic bezel, longer power reserve, better promised timekeeping, and a much-requested tool-less micro-adjust clasp - tangible upgrades that justify a near 25% premium over the previous generation. The regular production model launches alongside a more flamboyant 1,000-piece limited edition designed in collaboration with the Japan Agency for Marine-Earth Science and Technology (JAMSTEC). Initial thoughts Seiko relaunched the Marinemaster brand three years ago with an unexpected trio of compact skin-divers. This was followed by a return to form the following year with a pair of 300 m Hi-Beat Diver-inspired models that dispensed with the “Professional” branding, front-loading case construction, and helium impermeability that distinguished Marinemasters of the past, but offered a more compact 42 mm size and a much improved bracelet. However, it still used the same stamped clasp body found on entry-level divers, just with an upgraded swing arm, and relied on the aging cal. 8L35 movement while Seiko rolled out the improved cal. 8L45 in the similarly priced King Seiko Vanac. The new HBF001 solves all of those problems, and introduces only a few new ones. Given the similarity to the SLA079, Seiko clearly felt the need for unambiguous differentiatio...

The King Seiko Vanac Returns in Titanium SJX Watches
Seiko Vanac Returns Mar 18, 2026

The King Seiko Vanac Returns in Titanium

One of Seiko’s recent bestsellers was last year’s King Seiko Vanac, a watch inspired by a 1970s model but distinct on its own. Originally available only in steel, the line-up now grows to include the King Seiko Vanac in titanium. While retaining the stylistic and mechanical features of the steel original, the new Vanac in titanium is noticeably lighter in weight, an especially appealing upgrade given the largish case and integrated bracelet. Initial thoughts I liked the original Vanac of 2025, though I thought a marginally smaller case would have suited the retro style better. And I thought it would have been ideal in titanium. So the new model in titanium is arguably the ideal Vanac. It’s the same size, but different in tactile feel due to the lightness. Given the size, the lightweight alloy arguably works better than steel. Despite the Vanac being a mid-range watch, Seiko’s excellent case treatment across prices and alloys means the multiple planes of the facetted case are finished well, as good as, but probably better than, most titanium watches in this price segment. The titanium models are a little less funky in terms of dial colours, though the standout metallic purple dial does make its way into the titanium case. The dial does, however, get a subtle upgrade with a novel motif that combines horizontal and radial fluting for an intriguing visual effect. The movement stays the same. This gets the brand’s top-of-the-line mid-range movement, the cal. 8L45, an ...

Dominique Renaud’s Pulse60 is Slow and Steady SJX Watches
Mar 17, 2026

Dominique Renaud’s Pulse60 is Slow and Steady

One of the most influential watchmakers of the post-quartz era has re-emerged with a groundbreaking slow-beat oscillator that cleverly avoids the amplitude constraints typical of such constructions. The Pulse60 is the latest project from Dominique Renaud’s eponymous workshop Haute Horlogerie Dominique Renaud (HHDR), and the first watch to bear his full name in a decade. The Pulse60 runs at just 7,200 times per hour - a frequency of just 1 Hz – a quarter the rate of a conventional movement. Ordinarily, such a slow beat would leave the movement susceptible to external forces, but here it has been combined with a proprietary escapement that overcomes the challenge. While the technical ingenuity is expected given Mr Renaud’s pedigree, the relatively accessible price of under CHF50,000 is unexpected, especially given the state of the market today. Initial thoughts It’s been a decade since Dominique Renaud came out of retirement, but his most public contributions since then have come under the Renaud Tixier banner. Latecomers to independent watchmaking may be less familiar with Mr Renaud’s work, but he played an important role in establishing the contemporary high-end watchmaking landscape. The Pulse60 is the first watch to carry the Dominique Renaud name since the exotic and expensive DR01 Twelve First, which was not made in significant numbers. But unlike its short-lived predecessor, which featured a low-amplitude, high-frequency escapement of Mr Renaud’s own des...

Greubel Forsey Bids Farewell to the Balancier Convexe S² SJX Watches
Greubel Forsey Bids Farewell Mar 17, 2026

Greubel Forsey Bids Farewell to the Balancier Convexe S²

Greubel Forsey’s entry-level sports watch has been in production for five years and is now at an end. The brand is saying goodbye with a pair of final editions, the Balancier Convexe S² in ceramic. The first version is entirely in white ceramic, and the second is black ceramic with the bezel and case back in 18k red gold. Each limited to 11 pieces, the two editions share the same movement, but decorated differently to match the case. It’s manual wind, time-only calibre that is anything but simple; the movement is equipped with the brand’s trademark inclined balance wheel as well as titanium bridges and plates. Initial thoughts A bestseller for Greubel Forsey when sports watches were all the rage, the Convexe line (and related sports models) is gradually being reduced. The Balancier Convexe S² is one of the few sports models that Greubel Forsey has launched since the change in management resulted in the pivot towards more classical watches, exemplified by last year’s Nano Foudroyante. It might be also one of the last: Greubel Forsey notes besides the end of the model’s production, “[this year] also marks the beginning of a gradual transition toward an almost entirely new collection”. While this change in direction has been welcomed by many enthusiasts who appreciate Greubel Forsey returning to its root, the Convexe watches do have their charm. The Balancier Convexe S² illustrates this – the case is large but ergonomic and wearable, and the sporty constru...

Stellar Small Seconds: Orient Star M45 F7 SJX Watches
Orient Mar 17, 2026

Stellar Small Seconds: Orient Star M45 F7

Orient Star doubles down on dress watches with the dignified M45 F7 Small Seconds in three new colours inspired by the night sky. With its small seconds layout, power reserve indicator, no-date format, and sub-40 mm case size, the M45 is clearly targeting the enthusiast market. Initial thoughts While more casual and “sporty” watches have been the foundation of the watch market for decades, Orient, and its upscale sibling Orient Star, are arguably known best for its more formally coded watches, such as the entry-level Orient Bambino. From there, Orient Star’s M45 collection represents a tempting upgrade, featuring a slew of refinements inside and out that make it a good value proposition despite the higher price. Beyond the technical specifications, the M45 F7 Small Seconds also reflects Orient Star’s ongoing effort to carve out a distinct identity within the broader Japanese watch landscape. While brand has long been appreciated for delivering strong value, the M45 line shows a growing confidence in formal watches, which is needed given the fierce competition from micro-brands in the sports watch segment at the same price point. Visually, the watch could benefit from being even smaller, as the small seconds sub-dial is too close to the centre of the dial, but that is true of many, if not most, of its (few) competitors in this price segment that offer a small seconds format. Collectors have come accept this as a normal trade-off of contemporary watches that use hist...

Marco Lang’s Seven Spheres Tourbillon is Futuristic Classicism SJX Watches
Oris ed Mar 16, 2026

Marco Lang’s Seven Spheres Tourbillon is Futuristic Classicism

Independent watchmaker Marco Lang has just unveiled the Seven Spheres, a wristwatch containing a multi-axis central tourbillon. Diversifying away from his conservative style, the Dresden-based watchmaker presents an ambitious and dynamic mechanical sculpture that tells time. Inspired by the ideas of both Ptolemy and Carl Sagan, Mr Lang has achieved a rare feat with the Seven Spheres, building a watch that is both technically imaginative and artistically crafted. Initial thoughts We are seldom treated to multi-axis tourbillons, so Marco Lang’s entry to this niche and ambitious category is most welcome. The Seven Spheres is the his first tourbillon since leaving Lang & Heyne in 2019, and demonstrates the full breadth of his technical skill. The theme of seven spheres was inspired by the geocentric universe model theorised by Ptolemy in the first century. The astronomer’s theory was built around having the Earth as the centre of the universe, orbited by seven planets. Inspired by this obsolete theory, Mr Lang created the Seven Spheres, which places the regulating organ inside seven turning rings, which comprise the complex multi-axis tourbillon cage. The movement with its central multi-axis tourbillon vaguely resembles Vianney Halter’s Deep Space Tourbillon. However, the Seven Sphere’s architecture is even more interesting than that of the Deep Space, since the central tourbillon appears to be suspended in mid air.  The Seven Spheres is one of the most complex multi-...

SJX Podcast: State of the Industry 2026 SJX Watches
F.P. Journe among independents Mar 16, 2026

SJX Podcast: State of the Industry 2026

Episode 31 of the SJX Podcast digs into two major industry reports - one from Vontobel on the primary market and one from EveryWatch on the secondary - and what they reveal about where value is concentrating in the watch industry. SJX and Brandon discuss the K-shaped nature of the market, the dominance of F.P. Journe among independents, and Cartier’s remarkable ability to sell across every price tier. The discussion also touches on the role of emotion in driving purchase decisions, the financialisation of the hobby, and why market reports have limited utility for collectors. Listen now on Apple Podcasts, Spotify, and YouTube.  

TAG Heuer Names Béatrice Goasglas CEO SJX Watches
TAG Heuer Names Béatrice Goasglas CEO Mar 13, 2026

TAG Heuer Names Béatrice Goasglas CEO

After the unexpected departure of its last leader at the start of the year, TAG Heuer has announced Béatrice Goasglas will take over as chief executive officer starting May 1, 2026. Currently president of the brand’s Americas division, Ms Goasglas’ background lies in digital marketing and client experience. She joined TAG Heuer in 2018 as vice-president of Digital & Client Experience, before rising to head the Asia-Pacific market. Notably, she worked with Frederic Arnault on Connected smartwatch during her stint at TAG Heuer headquarters, at the time one of the brand’s most important projects. Mr Arnault rose to chief executive of TAG Heuer, then moved on to head the LVMH Watch Division. He is now leading “quiet luxury” label Loro Piana, although Mr Arnault is known to retain an eye on the watch brand he once led. Prior to that, she held digital marketing and client-relations roles in fashion and cosmetics. While this background e-commerce and client relationships is an unusual background for the chief of a mainstream watch brand, it is perhaps useful and fitting for the luxury watch industry in the 21st century, and also revealing as to where TAG Heuer wants to go.  

Sainte-Croix: The Beating Heart of Mechanical Art SJX Watches
De Bethune explains Denis Flageollet Mar 13, 2026

Sainte-Croix: The Beating Heart of Mechanical Art

The Jura balcony awakens under the March sun. Between sky and mountains, the village of Sainte-Croix and the l’Institut de la Mécanique d’Art (IMA), seem suspended in silence. Yet behind this tranquillity lies one of the most remarkable centres of mechanical art, also known as the automata, for the institute is home to the Association Mec-Art pour la Mécanique d’Art, which is also open to the public to further its mission to promote the craft of automata. “Watchmaking mechanics is industry – serial production. Mechanical art is about unique pieces, for which we use entirely different methods. Some brands focus exclusively on one or the other, while others operate at the crossroads of both – like De Bethune,” explains Denis Flageollet, the cofounder of De Bethune who founded the Association Mec-Art in 2016 together with François Junod and Nicolas Court, both automaton makers. IMA occupies the building originally constructed by Reuge in 2016, which was acquired by De Bethune in 2023. The building now hosts mechanical art activities for Reuge, Van Cleef & Arpels and De Bethune, as well as the Association Mec-Art. “Mechanical art depends on an ecosystem of artisans,” he adds, pointing to the uniquely concentrated geography of Sainte-Croix, “the only town where all these skills coexist.” François Junod agrees, “We live in a natural incubator. Here, everyone talks about mechanical art.” It is precisely for this reason that when Junod was invited to ...

Girard-Perregaux Chimes the Time In-House SJX Watches
Girard-Perregaux Chimes Mar 12, 2026

Girard-Perregaux Chimes the Time In-House

Girard-Perregaux (GP) is starting the year with an ambitious new calibre inside the Minute Repeater Flying Bridges, the in-house GP9530. Also equipped with a tourbillon, the symmetrical, skeleton movement is a micro-rotor automatic, making for an exciting pairing of complications. Notably, even during GP’s heyday as a manufacture, it depended on specialists for its repeater movements. The GP9530 is the brand’s first in-house minuter repeating calibre (though it does borrow from an earlier striking movement created with the help of a complications specialist). The strikework is exposed on the dial, while the reverse reveals the winding mechanism under circular bridges. Initial thoughts In the past couple of years GP has been slowly making a comeback, after a few slow years, as a serious and motivated manufacture. The comeback started with the release of the reworked constant-force escapement and accelerated with last year’s unveiling of the workhorse GP4800 and the GP9620 skeleton tourbillon. This is in some ways a return to form. Historically GP was a powerhouse in this respect, making complicated movements under its own name as well as supplying movements, both complex and simple, to other high-end brands. At that time, however, GP still did source repeater movements from the likes of Christophe Claret. In time, the evolution of the industry reduced the need for such outsourced movements, and the marquee’s lustre dulled. The Minute Repeater Flying Bridges and its ...

Highlights: Independent Watchmaking at Marteau & Co SJX Watches
F.P. Journe Mar 12, 2026

Highlights: Independent Watchmaking at Marteau & Co

After its successful indie-focused First Strike auction last October, upstart auctioneer Marteau & Co is back with The Echo, an online-only auction that opens at noon Geneva time on March 12 with a focus on independent watchmaking. Marteau & Co was founded just last year, and one of its cofounders is Arthur Touchot, an industry veteran who spent several years as a journalist followed by a stint at a prominent auction house. Now all-in with Marteau, Mr Touchot brings his insider’s to Marteau, explaining its unique position in the market. The Swiss auctioneer sets itself apart with its intriguing “Maker’s Fee” concept, which rewards the maker of the timepiece with 3% of the hammer price for each watch sold, allowing a brand to benefit from the appreciation of its products. While artists’ resale rights, or droit de suite, is far from a new concept, and has been codified into law in the European Union and United Kingdom, Marteau & Co’s approach is the first instance of its application in watchmaking. Lot 1 – Daniel Roth Chronograph Ref. 2147 When Daniel Roth launched his eponymous brand in 1988, after helping revitalize Breguet, he also created the genre of independent watchmaking we know today, preceding even Franck Muller and F.P. Journe. With his double ellipse case design Roth pioneered the idea of building a brand around a single strong design language, a contrast to the menagerie offered by other high end brands of the time, an approach later followed by ot...

Kollokium’s Projekt 02 Variant B Treads New Terrain SJX Watches
Louis Erard managing director Manuel Emch Mar 11, 2026

Kollokium’s Projekt 02 Variant B Treads New Terrain

Having teased its newest collection with a family and friends edition last year, Kollokium has finally taken the wraps off the Projekt 02 Variant B, which offers a low-profile die-cast stainless steel case and a terraced topographical dial. A massive box-form crystal contains the scene, offering a panoramic view of the 67 pieces that comprise the nine layers of the dial. A limited edition of 399 pieces, the Variant B is a well-priced entry point to the world of independent watchmaking, and could easily be worn daily. Initial thoughts Kollokium is a relatively new name in independent watchmaking, but the company’s three founders, collector Amr Sindi, designer Barth Nussbaumer, and Louis Erard managing director Manuel Emch, bring a trained eye and a fresh perspective to the brand. With a strong emphasis on design, underpinned by a simple but competent calibre, Kollokium seems to have mastered the game of trade-offs required to market a distinctive watch at an affordable price. Left to Right: Amr Sindi, Barth Nussbaumer, Manuel Emch. The Variant B is fundamentally a simple time-only watch, powered by an off-the-shelf La Joux-Perret cal. G101, an increasingly common base movement prized for its economy and autonomy, with a healthy 68-hour power reserve. But Kollokium’s watches are anything but ordinary, owing to the brand’s unusual dial treatments and case processing. The Variant B is technically the first publicly available version of the Projekt 02, which debuted last ...

Hands-On: Audemars Piguet Royal Oak “Jumbo” Extra-Thin Openworked SJX Watches
Audemars Piguet Royal Oak “Jumbo” Extra-Thin Mar 9, 2026

Hands-On: Audemars Piguet Royal Oak “Jumbo” Extra-Thin Openworked

The Audemars Piguet (AP) Royal Oak “Jumbo” Extra-Thin Openworked 39 mm is an appealing new variant of a watch that’s already in short supply, famous as much for its scarcity as its octagonal bezel. Seen previously in white gold, the Jumbo Openworked returns at the top of its class with a case made from lightweight titanium and palladium bulk metallic glass (BMG), a material that gives the bezel its almost ethereal mirror finish. The Jumbo Openworked is not a limited edition, but its undeniable appeal will make it hard to come by, even by Royal Oak standards. Ideal configuration The Royal Oak is one of the most sought-after watches in the industry, and one of the few collections that consistently trades at a premium to retail, according to WatchCharts. With its iconic Genta design, slim form factor, and high-end calibre, it’s easy to see why. That said, some configurations are more appealing than others, and this titanium and palladium version of the Jumbo Openworked ranks highly in the Royal Oak pantheon. It’s worth exploring why it works. Starting with the sizing. In 1972, the Royal Oak was broad and flat by industry standards, but the “Jumbo” moniker now feels misleading for a 39 mm watch. Ironically, the “Extra-Thin” designation also feels misleading for the opposite reason - 8.1 mm is plenty thin, but there are now so many thinner watches that the terminology feels out of date. Setting aside AP’s historical naming conventions, the Jumbo Openworked...

A Wishlist for Watches & Wonders 2026 SJX Watches
Patek Philippe Grand Seiko Mar 9, 2026

A Wishlist for Watches & Wonders 2026

Each year I find it surprisingly difficult to crystalise what I want to see from Watches & Wonders – perhaps I find it hard to hope for things I know will never come. Sometimes dreams aren’t logistically possible. For example, a compact Spring Drive chronograph probably isn’t reasonable given Grand Seiko already has its hands full scaling production of another new Spring Drive movement. At other times, imagination is bound by brand strategy: Cartier could easily steal the show with a quartz Crash Must priced along the same lines as a Tank Must – but never will. But I believe that the following watches, which I’d like to see from Patek Philippe, Grand Seiko and Credor, and Tudor are plausible enough to hope for. The following images were created without the use of generative AI. Patek Philippe In 2023, Patek Philippe launched the ref. 5316/50P, a minute repeating tourbillon with retrograde perpetual calendar and smoked sapphire dial. It remains among the brand’s best complicated offerings, other than the ref. 6301p, at least in my view. Last year Patek Philippe followed up with the ref. 6159G, which featured a smoked sapphire dial and the same perpetual calendar on a more pedestrian base movement. But if there is one reference more deserving of the smoked sapphire treatment than any other, it is the ref. 5236p in-line perpetual calendar, as imagined below in platinum. In 2021, Patek Philippe revived the historic in-line perpetual calendar, which is strongly asso...

State of the Industry: Vontobel on the Redrawn Watch Market SJX Watches
Mar 6, 2026

State of the Industry: Vontobel on the Redrawn Watch Market

Last month Vontobel published its annual report on the Swiss watch industry, revealing a startling shakeup for the pecking order, with a rapidly growing share of the market going to industry giants, anaemic growth, and a few signs of hope. Another of the key points made in the report published by Vontobel, a family-controlled Swiss private bank, is influence of external factors beyond the industry’s control, like the strong Swiss franc and continuously climbing gold prices, but which have nonetheless played a major role in its recent development. Long the go-to publication for industry insiders, the Vontobel watch report has been published annually for well over a decade - and since 2021, the report has been authored by Jean-Philippe Bertschy, the bank’s head of Swiss equity research (pictured above). The strong franc Before getting into the numbers, it’s worth looking at the broader macroeconomic environment affecting the industry. The strong franc and weak dollar are headwinds for the export-oriented Swiss watch industry, and, like erratic US trade policy and soaring gold prices, entirely outside its control. In nominal terms, total Swiss watch exports declined for the second year in a row, down 1.7% to CHF25.5 billion, following a 2.8% decline the year before. However, the Swiss franc’s appreciation casts a more sympathetic light on these numbers. For example, if you sold a watch for US$100 this time last year, that revenue would have converted to about CHF90....

Craft at Scale: Audemars Piguet’s Industrial Strategy SJX Watches
Audemars Piguet s Industrial Strategy Audemars Mar 6, 2026

Craft at Scale: Audemars Piguet’s Industrial Strategy

Audemars Piguet (AP) is a storied name in haute horlogerie, and has long been the public face of the Vallée de Joux, the cradle of high complications in Switzerland. It’s also the only brand in the so-called ‘holy trinity’ to employ a Chief Industrial Officer (CIO). We sat down with Lucas Raggi to understand his role in shaping AP’s industrial strategy. The historical home of Audemars Piguet. Image – Audemars Piguet The context Having closed the chapter on the brand’s first 150 years, AP is flying high. According to Vontobel estimates, the brand generated more than CHF2.4 billion in 2025, making it the third-largest brand by revenue after mass market masters Rolex and Cartier. The brand is estimated to have produced more than 50,000 watches in 2025, up from 30,000 just a few years ago. The ribbon-cutting ceremony at the opening of AP’s new Arc Manufacture in Le Brassus. Image – Audemars Piguet The new Arc Manufacture, which just came online, might raise the ceiling further. In a 2022 interview then-chief executive François-Henry Bennahmias suggested AP would be capable of making up to 65,000 watches annually by 2027. These numbers represent extraordinary growth for a century-old family owned brand that makes complicated watches. So how does a brand like AP (nearly) double its output in less than a generation without sacrificing small-scale craftsmanship? In short, thoughtful industrialisation. The recently opened Arc Manufacture in Le Brassus. Image – A...

Felix the Cat Pilots Bremont’s Latest SJX Watches
Bremont s Latest Bremont’s Altitude Mar 5, 2026

Felix the Cat Pilots Bremont’s Latest

Bremont’s Altitude MB Meteor Felix the Cat puts one of military aviation’s most mischievous mascots on the wrist in a 42 mm titanium pilot’s watch that turns the tradition of wartime nose art into a wearable 500-piece limited edition. Inspired by on the brand’s long-running Martin-Baker collaboration, the Felix edition pays tribute to the iconic cartoon mascot of the US Navy’s VFA-31 “Tomcatters” fighter squadron. Initial thoughts Bremont built its brand on military aviation-themed watches, and the Altitude MB Meteor proves it understands the cultural hallmarks of this niche better than most. The Felix edition taps into the enduring tradition of nose art - the cartoon characters, pin-ups, and mascots that have adorned military aircraft for over a century - drawing on one of the US Navy’s most recognisable icons. Creating visual coherence, the depiction of Felix is outlined in yellow, echoing the black-and-yellow stripes of the balance end of the seconds hand, which is meant to evoke an ejection seat grab handle. This has long been a Bremont motif, and is actually one of the brand’s strongest calling cards, dating back to the original 2007 collaboration with British ejection seat maker Martin-Baker (hence the ‘MB’ designation in the model name). The Altitude MB Meteor is the latest mission in this campaign, and retains the dual-crown architecture and textured case band of the original. That said, several details of the 42 mm case have been changed,...

Complicated Collectors: Dr Eugen Gschwind SJX Watches
F.P. Journe Gschwind liked Daniels He Mar 3, 2026

Complicated Collectors: Dr Eugen Gschwind

The dinner in Basel had reached the stage where the porcelain was being cleared, but the tension at the table remained heavier than the silverware. Dr Eugen Gschwind, a man who wore his erudition as comfortably as his tailored suits, watched his guest with the predator’s patience that had defined his four decades of collecting. Across from him sat George Daniels, the English horologist and watchmaker who had single-handedly dragged the concept of the handmade watch out of the grave of history. Daniels was brilliant, notoriously opinionated, and, according to some, firmly convinced that he was the spiritual reincarnation of Abraham-Louis Breguet. François-Paul Journe´s 3/84 pocketwatch, Dr Gscwind´s first commission. Image SJX composite – F.P. Journe Gschwind liked Daniels. He championed the Englishman’s genius, yet remained too dogmatic to ever buy his work. He had famously toasted Daniels at a society dinner as the ‘greatest living watchmaker,’ only to follow it with the dry, smiling addendum: ‘But only the second-best watchmaker who ever lived.’ Tonight, however, was not about jests. It was the culmination of a long-simmering technical argument. For years, Gschwind had chided Daniels about his reliance on the 15-second remontoir d’égalité. To Daniels, this mechanism, which rewound a secondary spring every quarter-minute to smooth out the torque of the mainspring, was the ultimate solution to the problem of isochronism. Gschwind viewed it was a compro...

Ruby Resonance from Armin Strom SJX Watches
F.P. Journe Mar 2, 2026

Ruby Resonance from Armin Strom

Independent watchmaker Armin Strom has upgraded its flagship complication with a precious stone dial. The Mirrored Force Resonance Ruby is a five-piece limited edition with a dial cut from natural ruby. Initial thoughts Armin Strom is arguably the second-most prominent watchmaker (after F.P. Journe) to successfully bring “resonance” watches to market. We extensively covered the subject of coupled oscillator watches recently, which examines Armin Strom’s unique approach to achieving this mysterious effect.  Within this narrow niche, Armin Strom’s Mirrored Force series is certainly the broadest collection of resonance watches on the market, with multiple movements and many variations exploiting the almost magic coupling between two sprung balances. This new limited edition employs the familiar in-house caliber ARF21, which connects the two hairspring by a long, swivelling blade spring - dubbed the Resonance Clutch Spring. While the movement is certainly well known, this particular iteration of the watch is quite surprising: a thin slice of natural ruby serves as the dial, with all the imperfections and liveliness of a natural mineral.  Using a ruby dial is not only aesthetically appealing but poetic for a mechanical watch. The jewels serving as bearings inside every movement are synthetic rubies - a fancy sort of industrial mineral glass. The uneven bright pink and violet shades of the Mirrored Force Resonance Ruby’s dial assure us there is nothing artificial...

Hands On: Gérald Genta “Geneva” Time-Only SJX Watches
Zenith Elite automatic that’s been Mar 2, 2026

Hands On: Gérald Genta “Geneva” Time-Only

Like its sister brand Daniel Roth, Gérald Genta recently unveiled a model that is entirely new, rather than one based on the brand’s historical designs. The Geneva time-only is a two-hand watch with a minimalist yet distinctive design that manages to capture the spirit of 1980s and 1990s Gérald Genta without being a remake. The cushion-shaped case was debuted last year with a six-figure minute repeater, but now the brand has now applied the design to something more affordable, relatively speaking. Inside is a Zenith Elite automatic that’s been dressed up surprisingly well, above and beyond the usual presentation of the calibre. Initial thoughts The revived Gerald Genta’s debut model, the Oursin, was a reissue of sorts. The Geneva, on the other hand, is a more original creation that’s no doubt inspired by the typical Genta aesthetic, but not a like-for-like remake. It’s a testament to the design that the Geneva could pass for a 1990s Gerald Genta watch even though it is not. The Geneva almost wears like a 1990s watch as well. It’s compact by today’s standards, though these proportions would have been extra-large 30 years ago. Its slimness and narrow lugs give this a formal feel, though the colours are more vivid than usual for a dress watch. The dial is definitely more 21st century than the case, especially with the grained finish, but the gradient colour is evocative of the 1970s and suits the style of the watch. I imagine a great many more colours can be s...

Hats-Off to Hugo Rittener’s Le Majordome SJX Watches
Mar 2, 2026

Hats-Off to Hugo Rittener’s Le Majordome

The niche market for modern automatons just a little less tiny with Hugo Rittener’s Le Majordome, a mechanical butler that pop ups and greet the onlooker on demand. In the tradition of historical automatons, Le Majordome is entirely mechanical and driven by complex clockwork, and made entirely by hand. Initial thoughts Hugo Rittener is a young automaton maker from the Vaud region of Switzerland. Having cut his teeth working with François Junod, one of the most celebrated talents in the field, Mr Rittener has now gone into business for himself. Against this backdrop, Le Majordome (“the butler” in English) represents a foundational release. Compared to the timepieces we sometimes call mechanical art, this tabletop automaton serves no actual utility; there’s no time-telling and no complication other than the bronze figure itself. In terms of pure mechanical art, this is as artful as it gets. Having taken over 1,000 hours of work, from design to finishing, the (Le) Majordome is a mechanical animation of a bronze-sculpted and gold-plated butler figure, which raises his top hat towards those who actuate the mechanism.   Mr Rittener poetically describes the Majordome as an automate d’accueil - meaning “welcoming automaton”. The mechanical butler does in fact greet its audience, so it could be used as an extravagant welcoming party trick. Hugo Rittener will make 10 pieces of the Majordome in total, over the course of some years. Given the highly artisanal process...