Swiss Watch Industry

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

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 … [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...]

7 Signs Chopard is Serious About High Watchmaking

Chopard Fleurier - watchmaking

In late 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 the seven reasons why. … [Read more...]

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

Rolex Submariner CU

In WatchTime's November-December 2013 issue, on sale now, we examine data from COSC that reveals the top 20 Swiss watch brands by number of COSC chronometer certificates issued to them in 2012. … [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...]

From WatchTime Magazine: The Story Behind Audemars Piguet’s Manufacture Caliber 3120

Audemars Piguet Calibre 3120

In this in-depth profile from our March-April 2009 issue, 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...]

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...]

Seconds City: Exploring La Chaux-de-Fonds

La Chaux-de-Fonds_Inside_Museum

In our March-April issue, on sale now on newsstands and for the iPad, Norma Buchanan visits the Swiss watchmaking town of Le Locle. In this feature story from our June 2009 issue, Buchanan journeys to another cradle of Swiss horology, La Chaux-de-Fonds, a town that is still, as Karl Marx described it a century and a half ago, “one giant watch factory.” … [Read more...]

Former Rolex CEO Heiniger Dies

Patrick Heiniger of Rolex

Rolex SA has announced that Patrick Heiniger, the company's managing director and chief executive officer from 1992 to 2008, has died. Click the link to read the official statement from Rolex. … [Read more...]

Inside Rolex’s Bienne Manufacture: Photo Slideshow

Rolex_Bienne_slides_150

In October, WatchTime traveled to Bienne, Switzerland to attend the official opening of the new building that will eventually house all Rolex mechanical movement manufacturing operations. Our story detailing the visit appears in the February issue, which goes on sale January 15. The story contains several images, and below we present a slideshow with an additional 22 exterior and interior shots. … [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...]