The Grand Théâtre de Genève was the scene of the 2013 Grand Prix d’Horlogerie de Genève (GPHG). One and a half thousand guests joined the President of the Swiss Confederation, Mr Ueli Maurer, to celebrate the watch industry, with fifteen… Read More ›
Industry news
NEWS : Swiss competition body orders Swatch Group to continue supply
On 8 July 2013 the Swiss Federal Competition Commission handed down a decision altering their previous agreement with the Swatch Group allowing the Group to cut watch movement and component supplies to non-Swatch Group companies. Whilst the Commission agrees in… Read More ›
NEWS : New Swiss-China Free Trade Agreement’s impact on watch industry
In May 2013 the Federation of the Swiss Watch Industry (FH) announced that industry and government leaders had signed a memorandum regarding China’s plans to cut tariffs on Swiss watches incrementally over the next decade, with an end result of… Read More ›
BASELWORLD 2013 : Some thoughts on Swatch’s new SISTEM 51 movement
What was arguably the biggest new release during Baselworld 2013 was neither an expensive complication nor an exciting new brand, but the Swatch Group CEO Nick Hayek announcing the new ‘Swatch SISTEM51’ automatic movement, to be used in an entirely… Read More ›
NEWS : Jaeger-LeCoultre CEO Jerome Lambert to become Montblanc CEO
The Richemont Group has announced that Jaeger-LeCoultre CEO Mr Jérôme Lambert will succeed Mr Lutz Bethge as CEO of Montblanc as of 1 July 2013. Mr Lambert will remain a member of the Richemont Group Management Committee. Mr Bethge will… Read More ›
NEWS: Swatch Group report increased profits in 2012
The Swatch Group has announced that in 2012 they exceeded their CHF 8 billion target by 14 per cent, with gross sales reaching CHF 8.143 billion. Operating profit increased to CHF 1. 98 billion, a rise of 22.9 per cent… Read More ›
NEWS: Richemont brands win $100 million lawsuit against counterfeiters
Hundreds of websites that allegedly sell counterfeit watches are set to be taken down, the result of a $100 million default judgment won in a New York Federal Court judgement on January 4, 2013 by a group of Richemont brands…. Read More ›
VIDEO & World Tour Dates : The Bird Minute Repeater
So there was this video of a watch that I saw… Actually, to call it a ‘watch’ somehow seems inadequate. It’s more a mindboggling work of art, this automata from Jaquet Droz, and it is not surprising that the watch… Read More ›
NEWS: Swiss watch exports rise in October
Figures from the Federation of the Swiss Watch Industry (FH) show that exports rose 13.2 per cent in October 2012 to CHF 2.1 billion after September’s first decline in almost three years (CHF 1.7 billion). October’s increase was led by… Read More ›
Grand Prix d’Horlogerie de Genève 2012 winners
The 2012 Grand Prix d’Horlogerie de Genève took place on Thursday November 15 at the Geneva Grand Théâtre, with TAG’s Mikrogirder taking out the top award, and MB&F’s Legacy Machine N°1 garnering two, including the Public Prize. Congratulations to all… Read More ›