LVMH Reports Strong First Half Results

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LVMH Moët Hennessy Louis Vuitton recorded revenue of €10.3 billion in the first half of 2011, an increase of 13%. Profit for the first half rose to €2.223 million, an increase of 22% compared to the same period in 2010, which had itself shown strong growth. Organic revenue for watches and jewelry grew by 27% and profit from recurring operations increased by 73%. The Group saw sustained growth in the U.S., Europe and Asia. … [Read more...]


Inside Basel/Geneva 2011 Kicks Off in Chicago and Miami

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IBG 2011 opened in Chicago and Miami with record numbers of participating brands and best-ever attendance. The strong turnout, coupled with the most-ever brands and independent watchmakers at each show, meant moving to larger venues for 2011, making IBG 2011 a true watch fair. Come inside to see more than 30 images from the events, and don’t forget there are four shows still to come with even more brands! … [Read more...]


LVMH Acquires Majority Stake in Bulgari

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In a deal that was finalized last night, France's LVMH will acquire the Bulgari family’s majority shareholding in Bulgari S.p.A. LVMH will issue 16.5 million shares in exchange for the 152.5 million Bulgari shares currently held by the Bulgari family, making them the second largest family shareholder of the LVMH Group. The deal is valued at €3.7 billion, or about $5.19 billion. … [Read more...]


2010: The Year in Review Quiz, Part I

Have you been following the news for the past 12 months? Say goodbye to 2010 with this quiz that focuses on some of the year’s most (and least) important stories. As always, the answers appear at the end. Good luck! … [Read more...]


Bulgari Launches Magsonic Grande Sonnerie iPhone and iPad Apps

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Bulgari's new apps for the iPhone and iPad let you explore the Magsonic Grande Sonnerie Tourbillon in high-resolution 3D. You can interact with all watch functions - the tourbillon, dial indicators and sonnerie hammers are all activated by sophisticated software developed specifically for the app. … [Read more...]


An Afternoon with Christophe Claret

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In many ways, the story of Christophe Claret is the story of the Swiss watch industry. He is independent and innovative. Much of his work is done in secrecy. He designed and created many of the most complicated movements introduced during the past 20 years. Now, Claret emerges from behind the curtain to produce timepieces under his own name. … [Read more...]


Trivia Quiz: Hollywood Watches

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This time around our quiz features (mostly) action films, and we throw in a small-screen question or two. Do you know which watches these characters wore? This ticket to the movies is free, and as always, the answers appear at the end. Good luck! … [Read more...]


Rolex Romps 7 Million Chronometers in a Decade

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Watch enthusiasts know that when it comes to producing Swiss chronometers, there are the Big Three Brands – Rolex, Omega and Breitling – and then there’s all the rest. Just how big the Big Three are in chronometer production becomes startlingly clear when you analyze Swiss chronometer output by brand over the past decade. … [Read more...]


Chronograph Quiz

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How well do you know chronographs? This week we look at technical, functional, and historical aspects of what may be the all-time favorite complication. So fire up your chronographs and see how long it takes you to complete this quiz. As always, the answers appear at the end. Good luck! … [Read more...]


The Good, the Bad, and the Ugly: Watch Company Financial Results for 2009

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For the most part, the Great Recession of 2009 pretty much mugged corporate sales and profits. In the watch sector, for example, the Bulgari and Movado groups reported red ink for the year. But there were exceptions to the battered sales and profits syndrome. Fossil, for one, had its most profitable year ever. Here’s a survey of the full-year results of publicly traded firms who are watch industry players. … [Read more...]


Trivia Quiz: Watches in the Movies 2 – The Sequel

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A few weeks back we offered some general "watches in the movies" trivia. This time around we're focusing on watches worn by leading men such as Brad Pitt, Tom Cruise, Matt Damon and John Travolta, with a few comedy stars added to lighten things up. Do you know which watches these top actors wore? Test your knowledge within. As always, the answers appear at the end. Good luck! … [Read more...]


Jon Omer to Head DeWitt North America

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DeWitt has announced that Jon Omer has joined the company and that he will lead all DeWitt activities in North America, including Mexico and the Caribbean. Prior to joining DeWitt, Mr. Omer served as vice president at Harry Winston where he reorganized distribution and grew sales. Mr. Omer also oversaw Bulgari's growth in North America for more than 10 years. Mr. Omer is Chairman of the American Watch Association and on the Board of Directors of the American Watch Guild. … [Read more...]


Another Record Year for COSC in 2008

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After setting records in 2006 and 2007, the Contrôle officiel suisse des chronomètres (COSC) once again issued a record number of attestations in 2008 with 1,599,588, an increase of +8.6% over the 2007 results. The number of timepieces submitted rose by 10.6% to 1,676,515. Of these, 1,536,950 were awarded to mechanical movements and 62,638 went to quartz calibers, with the large majority of the latter (56,224) going to Breitling products. … [Read more...]


World Watch Report 2009 Reveals Online Trends

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Digital marketing specialist IC-Agency has released the 5th World Watch Report market study. Its conclusions are based on a sample of more than 300 million global online searches relating to 25 watch brands in 7 export markets: China, Japan, the United States, the United Kingdom, Italy, France and Germany. The study found that the 3 most-searched watch models are the Omega Seamaster and Speedmaster, and the Rolex Daytona, in that order. … [Read more...]


Rolex Leads U.S. Watch Advertiser Pack

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U.S. luxury watch king Rolex was the top watch advertiser by far in the United States in 2008. TNS Media Intelligence, which tracks watch advertising across 17 media categories, estimates that Rolex spent $49.30 million on ad placements last year. The figure is more than $20 million more than the number two advertiser, Breitling, which spent $28.92 million, according to TNS. … [Read more...]


A Rose Gold by Any Other Name…

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An oft-discussed topic among watch aficionados - and one that arises for us reporters each year during Basel and Geneva - is what differentiates rose gold from pink gold from red gold. I’ve been looking into how the brands use these terms, and this year, as in the past, the answers I come away with are: Everything. Or nothing. Clear? … [Read more...]


Speak Easy

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Not long ago, Lynn Miner, a reader of WatchTime magazine, wrote with a request: would we publish a guide on how to pronounce all those nettlesome watch-brand names? We hope the following brand list, with phonetic spellings on the right, helps Miner and tongue-twisted watch fans everywhere. … [Read more...]


The Sotirio Bvlgari Annual Calendar

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To celebrate the 125th anniversary of the opening of their first store in Rome, Bvlgari is launching a line of watches bearing the founder’s name, Sotirio Bvlgari. Each watch in the line shares distinctive design elements. The cases are produced by Bvlgari Group member Finger, which has been making watch cases since 1898. The case lugs are the signature feature, integrated into the caseback at converging angles that provide high tensile strength despite a small contact area with the case. The … [Read more...]