Swiss Watch Industry

Swiss Watch Industry news, blog posts, updates and other posts about Swiss Watch Industry as well as Swiss Watch Industry infos.

Concept to Caliber: The Story Behind Audemars Piguet’s Manufacture Caliber 3120

Audemars Piguet Calibre 3120

In this in-depth profile from the WatchTime archives, discover how Audemars Piguet brought its manufacture movement, Caliber 3120, to life, from concept to finished caliber, and see behind-the-scenes photos of Audemars Piguet watchmakers at work assembling the movement. … [Read more...]

Smartwatches – Smartphones for Your Wrist (Updated with Apple Watch)

Sony SmartWatches

After smartphones come the smartwatches: IT companies — and, perhaps, even some traditional watch companies — are bringing intelligent watches onto the market, and the demand for them is growing. Scroll down for a primer on these groundbreaking devices, including the latest news on the long-rumored Apple smartwatch which was finally launched on September 09, 2014. … [Read more...]

The Apple Watch: What Does It Mean For the Swiss Watch Industry?

Apple Watch - small

The wait is finally over. Apple announced its new and highly anticipated new smartwatch — apparently to be called simply "Apple Watch" rather than the rumored "iWatch" or "iTime" — at its press conference in Cupertino, California on Tuesday, September 9. So what does the new Apple smartwatch mean for the luxury watch industry in Switzerland? … [Read more...]

Audio Exclusive: Swatch Group CEO Nick Hayek Talks Smartwatches

Swatch Group CEO Nick Hayek

The new Apple Watch smartwatch is now a reality, but is it the wave of the future for the watch business? The September-October 2014 issue of WatchTime, on sale September 16, features editor-in-chief Joe Thompson's exclusive interview with Swatch Group CEO Nick Hayek. Among the many topics discussed in the far-ranging interview is Hayek's reluctance to get back into the now-burgeoning smartwatch market, despite the fact that the Swatch watch brand was one of the category's pioneers 15 years ago. … [Read more...]

7 Signs Chopard is Serious About High Watchmaking (Updated with New Watches from Baselworld 2014)

Chopard Fleurier - watchmaking

Last October, WatchTime was among a select group of media outlets invited to tour and explore Chopard's Swiss watchmaking operations in Geneva and Fleurier. By the end of the comprehensive visit, it was clear that Chopard, a brand still known more for high jewelry than high horology, is devoted to making its mark on the men's luxury watch market. Here are seven reasons why. … [Read more...]

The New Waltham Watches: An American Classic Returns with a Modern Swiss Twist

Waltham CDI - front

Waltham is a name well-known to American aficionados of vintage watches and clocks. This fall, the quintessential American watch brand — absent from the United States since the 1980s — returns to that market with new Waltham wristwatches that call to mind the brand's long and storied history but are also decidedly modern. … [Read more...]

Buyer Beware: The Rise of Counterfeit Luxury Watches on the Internet

Confiscated Counterfeit Watches

Looking for cheap watches or discount watches on the internet? Better think twice before making that purchase. In this article from WatchTime's February 2013 issue, we explore how sales of these counterfeit watches are hurting both collectors and the watch industry. … [Read more...]

Kering Acquires Ulysse Nardin

Ulysse Nardin marine Chronometer Manufacture front

Kering, the luxury goods conglomerate formerly known as Pinault-Printemps-Redoute (PPR), has acquired 100 percent of Swiss luxury watch brand Ulysse Nardin, an independent brand that had long been the subject of takeover rumors. Ulysse Nardin now joins the Sowind Group brands, Girard-Perregaux and Jeanrichard, in Kering's expanding "Luxury - Watches and Jewellery" division. … [Read more...]

WatchTime Exclusive: Inside Rolex Bienne

Rolex Bienne building

On a rare tour of Rolex’s movement-manufacturing complex in Bienne, Switzerland, WatchTime's Joe Thompson and Norma Buchanan witnessed the making of the Cosmograph Daytona Caliber 4130. Buchanan reported on it in this feature from our March-April 2010 issue. … [Read more...]

Which Watch Brands Spent the Most on Advertising in 2013?

Rolex/Chanel/BellRoss/Omega graphic

As we reveal in our July-August issue, on sale July 15, watch brands spent almost half a billion dollars on advertising in the U.S in 2013. The total was $492.68 million: a record high, and up 23.3 percent from the 2012 total. That figure comes from Kantar Media, which each year compiles estimates of ad spending for a range of different products. The figures for 2013 signal that the U.S. watch market is still growing, especially as Swiss luxury brands turn their sights back from China to this … [Read more...]

Breguet Sponsors Louvre Restoration

Room Gilbert and Rose Marie Chagoury

Montres Breguet S.A. held a gala dinner at the Louvre Museum in Paris on June 17, highlighting its role as a major sponsor of the restoration of the museum’s Department of Decorative Arts rooms and galleries devoted to the art of French living in the 18th century. Those rooms, encompassing 2,500 square feet of space, had been closed to the public for nearly 10 years during the renovation. The entire area has been revamped and is now reopened to the public. … [Read more...]

Audemars Piguet Announces New, Ultramodern Museum

Audemars Piguet Museum Sketch

Audemars Piguet, the oldest luxury watch company still owned by its founding families, has announced plans to extend its historic headquarters building to incorporate a new museum called the Maison des Fondateurs, a "radically contemporary" new structure that will be naturally integrated into the surrounding Vallée de Joux landscape. … [Read more...]

Swatch Sistem51 to Launch in the U.S. on July 1

Swatch Sistem51 - red

To those outside of Switzerland awaiting your opportunity to purchase the Swatch Sistem51 — the eminently affordable watch with an innovative, Swiss-made mechanical movement introduced at Baselworld 2013 — your wait is nearly over. The Swatch Group today announced that the Sistem51 will launch at a "pop-in-shop" at the Swatch flagship boutique in New York's Times Square in July 1. … [Read more...]

TAG Heuer Focuses on Caliber 1887, Delays Launch of Carrera CH80

TAG Heuer Calibre CH80

If you're anticipating the release of the announced release of the new TAG Heuer Carrera CH80 chronograph, you will need to wait a bit longer. TAG Heuer has announced today that it has decided to focus on the production of a single chronograph movement, Caliber CH1887, launched in 2010. … [Read more...]

Oris Watches: The Rebirth of the Brand and a Test of the New Oris Aquis Depth Gauge

WT Spotlight Oris

WatchTime’s latest free download brings you a test of a new Oris watch and the history of the Oris Watch Company. Take this unique opportunity to learn how the Oris Aquis Depth Gauge performed on the wrist of a real diver, But that’s not all: you will also find out the full story on how Oris CEO Ulrich Herzog presided over the spectacular rebirth of the Oris watch brand and learn about the history of Oris watches in a detailed historical timeline. Both stories are from the pages of … [Read more...]

Patek Philippe Celebrates its 175th Anniversary

Patek Philippe booth

May 1, 2014, marks an important milestone in the Swiss watch industry. It is 175 years ago to the day that Patek Philippe — perhaps the world's most prestigious Swiss watch brand, and the last family-owned watch company in Geneva — was founded. … [Read more...]

Jean-Frederic Dufour, Current CEO of Zenith, Named New Rolex CEO

Jean-Frederic Dufour CEO Rolex

A rumor reported on our sister blog, Watch-Insider.com, this morning, has now been confirmed: Jean-Frédéric Dufour, currently the CEO of Zenith, has been named the new global CEO for Rolex SA. An official start date for Dufour, who has been in his position at Zenith since 2009, has yet to be announced. The text of Rolex's very brief press release, issued today, follows. … [Read more...]

Audio: Watch Insider Interviews 10 Watch-Brand VIPs at Baselworld 2014

Linz and Omega's Urquhart

Our "Watch Insider," Alexander Linz, had a busy Baselworld 2014, running around to photograph new products and interview some of the watch world's biggest movers and shakers. Below you'll find links to audio files of the interviews, conducted for WatchTime's sister blog, Watch-Insider.com. … [Read more...]

WatchTime E-Special: The Watch Cities of Switzerland

New York City (NY); Watchtime.com, the website of America’s best-selling watch magazine, WatchTime, has published a new E-Special: “The Watch Cities of Switzerland.” This downloadable e-special can be found here: http://watchtime-shop.com/specials/watchtime-e-special-the-watch-cities-of-switzerland.html This E-Special compiles four feature-length articles about four watchmaking cities in Switzerland: Bienne, where Rolex, Omega, and the Swatch Group make timepieces; La Chaux-De-Fonds, … [Read more...]

Baselworld 2014: 21 Tidbits About Basel

Basel Muenster Cathedral

In March, 150,000 people will flock to Basel, Switzerland, for the world’s largest watch show, Baselworld. Our gang, of course, will be among them. Because of the frenzied pace of the show, most Baselworld visitors don’t get to see much of the city. That’s a pity because there is a lot more to it than the show. … [Read more...]

Hublot Breaks Ground on Its New Manufacture

Hublot Manufacture groundbreaking - Biver & Guadalupe

To accommodate its continued growth, and to further assist in the verticalization of its watch production, Hublot began construction of a second building that will more than double the surface area of its existing manufacture in Nyon, Switzerland. … [Read more...]

Swatch Group & Comco: 10 Key Moments

ETA 2892 movement

As we reported in October, Switzerland’s Competition Commission (Comco) has announced a decision to allow the Swatch Group, Switzerland's dominant producer of mechanical watch movements, to gradually halt sales of those movements to companies outside the group in 2020. Here is a timeline of 10 key moments in the ongoing legal soap opera between Swatch Group and Comco. … [Read more...]

Top 20 Swiss Chronometer Watch Brands 2012: Rolex Leads the Pack

Rolex Submariner CU

Here, we examine data from COSC that reveals the top 20 Swiss watch brands by number of COSC chronometer certificates issued to them in 2012. An interesting list for fans of swiss made watches. … [Read more...]

COMCO: Swatch Group Can Stop Mechanical Movement Sales in 2020

Swatch Group logo

Switzerland’s Competition Commission (COMCO) has approved a plan allowing the Swatch Group to reduce gradually sales of mechanical movements to companies outside the group over the next six years, and to halt sales completely in 2020. Click here for details on the ruling. … [Read more...]

La Montre Hermès CEO Luc Perramond: The WatchTime Q&A

Luc Perramond, CEO of Hermes watches

Luc Perramond, CEO of La Montre Hermès, the watchmaking division of the famed French fashion house, is on a mission to elevate Hermès timepieces to a higher level of manufacturing self-sufficiency and horological mastery. Last year, the first Hermès watches with proprietary mechanical movements made their debut at Baselworld, and Perramond has been very busy since then. … [Read more...]

In Surprise Ruling, COMCO Halts Swatch Group Escapement Cuts

Swatch Group logo

Switzerland’s Competition Commission (COMCO) has ruled that it would be “premature” to allow the Swatch Group to reduce supplies of assortments (i.e. the regulating organ of a mechanical movement: escape wheel, pallet lever, balance wheel and balance spring) that it sells to Swiss watch brands outside the group. … [Read more...]

Exclusive: Watch Insider Interviews Swatch Group CEO Nick Hayek, Jr.

Nick_Hayek_CEO-Swatch-Group_150

Nick Hayek, Jr., CEO of the Swatch Group, is the conductor of Switzerland's biggest horological orchestra, with 29,600 employees and a turnover in 2012 of 8.143 billion Swiss francs. I invite you to listen to our conversation, taped yesterday at the Swatch Group HQ, and appearing on my blog, Watch-Insider.com. … [Read more...]

Richard Mille Opens New Factory in the Swiss Jura

Richard Mille factory

Richard Mille has become the latest luxury watch manufacturer to take a decisive step toward becoming a full-fledged manufacture, announcing the opening of its new case and component factory in Les Breuleux in the Swiss Jura. … [Read more...]

Jaeger-LeCoultre’s Lambert to Become CEO of Montblanc

Jerome_Lambert_150

As our "Watch Insider" Alexander Linz reported as a rumor in his blog earlier this week, the Richemont Group has announced changes in its Group Management Committee that will result in new leadership at one of its luxury maisons, Montblanc. Click here to read the official release from Richemont. … [Read more...]

Million Dollar Club 2012: Watch Advertising at All-Time High

Top Four Watch Advertisers 2012

In an exclusive report in the upcoming May-June issue of WatchTime, we reveal which watch brands are spending the most on advertising in 2012, a record year for watch-company ad spending, and we provide a complete list of the 60 brands that spent more than $1 million on ads. … [Read more...]