admin – James Dowling Vintage Watches From James Dowling Mon, 28 Jan 2019 17:35:10 +0000 en-US hourly 1 Grand Seiko; the Japanese brand determined to take on the heights of Swiss watchmaking Wed, 22 Nov 2017 13:16:12 +0000

Grand Seiko

A new recreation of the first Grand Seiko watch, in yellow gold

Not so long ago a handful of canny operators did good business importing the odd Grand Seiko watch from Japan to the US or Europe, for cognoscenti clients who knew how phenomenal Seiko’s top-tier watchmaking could be, but had no other way of accessing it.

Today, things are different. Walk into Seiko’s new Brompton Road boutique and you’ll be surrounded predominantly by mechanical watches under the “Grand Seiko” banner. Marvel at the smoothness of the winding, the exquisite finish, and wonder at the gliding progression of the seconds hand on the Spring Drive models (these use a special technology pairing a mechanical movement with a quartz oscillator).


Seiko’s newly-opened London boutique, on Brompton Road in Knightsbridge CREDIT:  PHILIP LYONS

The designs are austere, but for finish and performance, Grand Seiko beats many Swiss companies’ offerings, with price tags three times as high.

Indeed, it was a determination to out-smart the Swiss at their own game, and a consequent fierce rivalry between two competing Seiko businesses, that pushed Japanese watchmaking to the highest levels in the mid-20th century. It’s a story whose legacy is still borne out in the Grand Seiko watches of today.

A view of Lake Suwa, the region in which Grand Seiko watchmaking was established, as depicted by the artist CREDIT: HOKUSAI/GETTY

At the end of the Second World War, Seiko’s factories were either devastated by bombing or just worn out. The post-war Japanese government saw watches as an ideal object for export, pouring money into the regeneration of the industry, and forming the “Council for Quality Inspection of the Japan-Made Watch and Clock” – a body that made manufacturers compete against each other in chronometry competitions, to drive up quality. Seiko entered its very first competition in 1948.

The initial results were dreadful. But having made progress by 1956 with its celebrated Marvel watch, Seiko applied the competition template internally. At this time it had two factories, Suwa and Daini, both in the town of Suwa where there was a history of precision engineering. They were told to treat each other as rivals and not to share parts, designs or suppliers; each was tasked to make Japan’s finest watch.

A Grand Seiko Spring Drive movement

In 1959 Suwa produced a watch based on the Marvel but superior, which it named the Grand Seiko; it became the first Japanese watch to receive a certificate of excellence from Switzerland’s Bureaux Officiels de Contrôle de la Marche des Montres. Daini, abandoning the Marvel design, launched its new watch in 1963, called the King Seiko.

Grand and King Seiko took different paths; Suwa’s Grand Seiko focused on refining the finishing and developing their existing movement, while Daini overhauled the technology.

With increasing success, they competed in Swiss competitions, designing their own shipping containers to protect the movements, and insisting they were shipped around the equator rather than over the pole to avoid magnetic influences. By 1967, the top three were Omega, then Daini Seikosha and Suwa Seikosha.

The new limited edition High Beat 36,000 in steel with green pattern dial

By the late 1960s the two factories had effectively merged under the Grand Seiko umbrella, but it was Daini’s movement technology that won out. However, the advent of quartz watches spelled the end for both the competitions and high-end mechanical Seiko – in 1972, the last mechanical Grand Seiko was made.

That is until 1998, when the brand relaunched. A new factory was built, and technologies used in microchips made their debut for watchmaking. Fast forward 20 years and Grand Seiko is finally now being spun out as a separate entity. Ironically, two individual companies are still involved: Seiko Instruments in Suwa makes Spring Drive and quartz watches, while Seiko Epson in Morikomo makes mechanical watches. The work of both can be found on the Brompton Road.

Uniform Wares: the watch brand where Bauhaus meets Shoreditch Thu, 09 Nov 2017 15:25:27 +0000

London-based Uniform Wares is proving that there’s still a place in the global market for British-designed timepieces with a distinctive look. Read more…
The Telegraph, published 6th November, 2017

Rolex Bubbleback: the legendary watch the world forgot Thu, 09 Nov 2017 13:43:20 +0000 How the Rolex Bubbleback changed not only the fortunes of the company that created it, but the watch industry itself. Read more…

Three of Rolex Factory Articles Wed, 13 Sep 2017 10:56:31 +0000 For the last fifty years Rolex have pursued one policy with an almost myopic vision; that of self-sufficiency. In that period, they have purchased bought almost all of the sub-contractors who used to supply them. Genex, who made cases were one of the first to be bought, then they bought Gay Freres, who made their bracelets and around a decade ago they bought Beyeler who were one of their major dial suppliers. These suppliers, and many more were scattered all around Geneva and throughout Switzerland, at one point Rolex had 27 factories; hardly the height of efficiency, so, starting in the 1990s they began a decade long programme of consolidation.

The 27 factories became three mega factories; dials were made at Chéne-Bourg, which is also where diamond and jewel setting takes place; Plan les Ouates is where both cases and bracelets are manufactured and where Rolex operates its own gold foundry; whilst Acacias is where final assembly and testing takes place. The Acacias plant is also the firm’s world HQ and where all of their research & development is carried out

Rolex Chéne-Bourg

Rolex Plan les Ouates

Rolex Acacias

Yet despite all this consolidation, there was one part of the watch that Rolex didn’t make, and that was a rather important part, the movement. Although all the movements came from one factory which even bore the name Rolex, they didn’t own it, it was owned by the Aegler/Borer family; a family arguably as important as Wilsdorf in the history of Rolex. To understand the relationship we have to travel back over a century to the very founding of Rolex; actually, even further back, to the founding of Wilsdorf and Davis in 1905. In these early days, the firm didn’t make watches, rather it assembled them; buying movements from a few Swiss firms and putting these in cases bought from firms in the UK and in Switzerland. The vast majority of the watches they were selling were ladies’ watches, because (at this point) almost no men wore wristwatches.
As the business progressed, Wilsdorf decided to return to Switzerland, where he had previously worked, to seek out a single movement supplier, rather than the several he had been using. His eye alighted on the firm of Jean Aegler in Bienne, as they specialised in movements for ladies’ watches, as this advertisement for the original company emphasises.

He developed a close relationship with Hermann Aegler (one of Jean Aegler’s sons) and subsequently gave him the largest order for small watch movements ever placed in Switzerland. What was special about Aegler was that they specialised in Lever Escapement movements at a time when almost all small movements had Cylinder Escapements, which are inherently less accurate. Look at the label on the back of this 1912 Rolex, powered by a Rebberg movement from Aegler, the word ‘Lever’ is as prominent as ‘Rolex’.


Over the next few years the relationship between Rolex and Aegler blossomed, each riding on the popularity of the wristwatch, in 1920 Hermann Aegler became one of the owners of Rolex when he purchased 6,960 shares and was appointed to the board, along with Wilsdorf and Davis. By now Rolex was Aegler’s largest client and their second largest was the US firm Gruen. In the late 1920s two important things happened, Hermann’s nephew Emile Borer became technical director at Aegler and the relationship between Aegler and its two most important clients became formalised for the first time. Both Rolex & Gruen purchased shares in Aegler, which was then renamed “Aegler, Society Anonyme, Manufacture des Montres: Rolex et Gruen Guild A” which means “Aegler Inc; makers of watches (actually movements) for Rolex & Gruen Guild A” (the Guild A watches were the highest grade watches that Gruen sold). For the first time Rolex owned a piece of its own movement manufacturing operation.

What was quite funny was that both Rolex and Gruen liked to imply that the factory, which was still majority owned by the Aegler/Borer family, was actually owned by each of the watch firms. Have a look at the image in Gruen’s advertising.

and at one from a similar period in a Rolex publication;

The interesting thing to note is that both these illustrations are actually drawings, because neither of them reflects the real signage on the factory.
Towards the end of the 1930s, Gruen sold their shares in Aegler back to the factory and at that time Rolex Geneva did the same thing; simultaneously with this, Aegler sold their Rolex shares back to Wilsdorf. This meant that the two factories now had single family ownership; Geneva with Wilsdorf and his wife, May and Bienne with the Aegler/Borer family. However, this did not reflect a worsening relationship between the two, rather it signified a new stage in the relationship; the Aegler factory was renamed “Manufactre des Montres Rolex SA” and the two families agreed that, from now on, Geneva would only use movements from Bienne and that Bienne would only sell movements to Geneva.
This convivial, yet completely informal, relationship lasted for almost seventy years, but in March 2004 an email landed in my in-box which amazed me; Rolex Geneva had bought Rolex Bienne outright; and, not long after, the consolidation masterplan was modified to include the Bienne facilities.
Over the years, the Bienne factory had been expanded to meet the increased production needs, but it was already becoming cramped; take a look at the image below.

The tallest building, in the centre with the word “Aegler” on the roof was the original Jean Aegler building and all the others were added on, over the years, sometimes this involved parts of the complex being on different sides of the road, connected by overhead bridges.

So, even prior to the acquisition, it was decided to move to a green field site on the outskirts of Bienne and the first stage of the move to the new facility at Champs-de-Boujean was made in 1993, with a subsequent move in 2003. In other words, Rolex Bienne was out of the old factories even before Rolex Geneva purchased them. But two years after the purchase, Rolex bought a 46,000 Sq M site adjacent to the Champs-de-Boujean site. For those of you unused to metric measurements, the new site is the equivalent of over six US Football fields and is connected to the existing site which is the same size; in other words the new Rolex Bienne facility is the size of 13 US Football fields.
Construction on the site began in the summer of 2009 and almost exactly three years later, the site was ready for the official opening. The delays between the purchase of the site and the start of construction were due to the decision to make the new factories in the mould of the Rolex Geneva ones, with high levels of energy efficiency and a very sophisticated parts storage and retrieval system.
I do half a dozen watch factory visits a year; and with almost all the major brands, there is one constant: none of them allow photography within the production areas. But this isn’t because they don’t want their competitors to know what is going on; rather it is because they don’t want us customers to know that the inside of one watch factory looks just like every other watch factory. A few Electro erosion machines and banks of CNC controlled multi axis drilling & boring machines. And there isn’t even much variety amongst the machines, as all of them come from a very small group of suppliers. Not at Rolex, who make so many watches that they are in the privileged position to design and commission much of their own production machinery. So, the Rolex factory doesn’t look like everyone else’s; for example, let’s talk about security; watches are small, portable and high value. So, many firms will lock away their watches, which are in the process of production, every night in a safe like this:

This is the Rolex equivalent at the new Bienne facility:

Three stories high, but all underground, the automated stocking system is a high-security vault, located on the underground floors of the new building.
Consisting of 14 aisles of shelves, each alround 30 feet high, it has a total of more than 46,000 storage compartments.
Each of these spaces is able to receive parts in various forms of packaging placed on transport trays. In total, the vault is able to store tens of millions of components. Each aisle is served by conveyor robots –14 in all – (one per aisle) which pick up from the shelves the required trays and automatically place them on the distribution conveyors which go to the various working areas. These conveyor robots move at 10 feet a second. The delivery takes place via this vast horizontal conveyor network, including four vertical distribution towers similar to elevators which are almost 90 feet tall. The system is so efficient that it takes barely a few minutes to deliver the tray to its destination.
On each floor, near the distribution tower, a delivery station allows the users to pick up the trays they have ordered from stock and to send back those that are to be returned for storage. In total, 22 stations are set up, two of which are double: one at the receiving docks and the other dedicated to the checking and washing of components delivered by suppliers.
Computers control the automated stocking system and all the flows. A routing system coordinates some 60 programmable controllers, which manage the tray movements under way and guide the trays between the stock area and the workshops. The whole installation is continuously overseen, 24 hours a day, by an extremely high-performance software program.
Because the whole operation is computer controlled and parts can be accessed at any part of the factory, there is no need for a human being ever to enter the space; so it is not only an automated storage and retrieval system but it is also a very high security vault, containing literally millions of parts, worth millions of Swiss Francs.
Earlier I talked about the machinery that Rolex use, what is important to understand is that this machinery is used to produce the parts, the assembly of those parts is still done by hand, the way it has always been done at Rolex.
Here are the assemblers at Rolex, hard at work in the 1950s:

And here they are in the new Bienne facility:

The most specialised workers at Bienne are the folks who produce the Parachrom hairspring; which is completely made at Bienne; right from alloying the special Rolex patented alloy, all the way to making the Breguet overcoil before it is attached to the balance wheel.
Here are some of those folks at work:


In the lower image you can see how the view from the windows is on to a forest, although the site is not far out of Bienne it is not only set in a green environment, it is a very ‘green’ building, following in the footsteps of the new Rolex Geneva factories.

Like them, there is a rooftop garden, where water used by the factory is used to water the plants, many of which are herbs used in the kitchens in the nearby rooftop restaurant. The plants and their soil also provide a very efficient thermal barrier for the buildings, preventing heat from escaping during the cold months and protecting the interior from the heat of the sun during the summer.

As well as having almost all glass walls, the interior of the building is also flooded with natural light by virtue of ‘light wells’ situated throughout the central area. Reaching from the roof to the ground floor; like lamps, these overlapping wells bring natural daylight to the centre of the common areas. Their layout is reminiscent of the gear trains of a watch, a spectacular visual reference to the movement. The materials used – glass, stainless steel, light and dark wood – give a very contemporary feel to the whole interior.

The reason for having so much natural light is that not only does it cut down on the need for artificial light and energy but it is so much better to work under, and it is for this reason that watch ateliers were always on the top floor of buildings and if we look at images of Bienne in the 1960s, we see that even then, as much work as possible was done in under natural light.

What seems amazing, if you think about it, is that this giant complex is devoted to the production of only four different movements; the Rolex 22XX series, as found in the ladies’ and mid size watches; the 31XX series found in the gents’ watches; the 41XX Daytona movement, also used in the YM II and the new 90XX calibre used, so far, only in the new Sky Dweller. However, when you realise that they don’t just make the movement blanks and bridges here, but they even make the jewels, the shock protection and even the lubricants used in the watch right here in Bienne, you realise just how monumental the operation needs to be.
Bienne currently employs around 2,000 people, around a third of the firm’s total Swiss staff, with the rest at the three Geneva factories and head office. These new facilities are designed so that they can be doubled in size should the need arise; meaning that after more than a century on one site in Bienne, Rolex are set for their second century in the town in their new complex.
Patrick Heiniger 1950-2013 Wed, 13 Sep 2017 10:51:58 +0000 Patrick Heiniger ran Rolex for sixteen years, between 1992 and 2008; which might seem like a fleeting moment, compared to the 90 years at the helm of his two predecessors in the job, his father Andre and Hans Wilsdorf. But under his management, Rolex changed more than they ever did under their reign. What we now think of as ‘Rolex’ is essentially his creation; he was responsible for three major changes; he consolidated the firm’s manufacturing sites down from thirty to four, with the construction of huge new factories on Greenfield sites; he bought ‘The Other Rolex’ Rolex SA, the Bienne firm owned by the Aegler-Borer family, who had been manufacturing their movements since the inception of Rolex and he re-positioned the brand in the market. He re-positioned the brand by focusing on a statement made by his late father, Andre, who famously said: “Rolex is not in the watch business, we are in the luxury business.” Patrick realized that a woman who is thinking about buying a two tone Datejust, isn’t deciding whether to spend the purchase price on an Omega or a Rolex; rather she is deciding whether to spend it on a Louis Vuitton handbag or a Rolex. Whilst the potential purchaser of a Day Date might be contemplating trading his current Porsche 911 for a new one, and does the money go to the Porsche dealer or the Rolex one. Like most things at Rolex, these changes (whilst radical) were done quietly and it is only if you look at the company as it was twenty years ago and as it is now, that you can take in the scope of these changes.

But, I guarantee that his greatest memorial will be the four giant manufacturing complexes whose construction he oversaw; Bienne for movement manufacture, dials were made at Chéne-Bourg, which is also where diamond and jewel setting takes place; Plan les Ouates is where both cases and bracelets are manufactured and where Rolex operates its own gold foundry; whilst Acacias is where final assembly and testing takes place. The Acacias plant is also the firm’s world HQ and where all of their research & development is carried out. By purchasing all of their subcontractors and then concentrating all work within these plants Rolex were not only able to rationalize their production but also able to increase the quality of the product, look at a twenty year old Rolex bracelet and compare it to a new one, the change in quality is obvious even to an untrained eye.

The previous paragraphs were about his accomplishments, now let’s talk about the man; it is important to understand two things about him, he was a Swiss lawyer by training; but, on the other hand, he was the least Swiss lawyer like person I have ever met who actually was one. He always reminded me of the polo playing younger son of some minor European royal family. Tall, slim and always exquisitely attired, even on the weekend: I remember running into him at London’s Portobello Road antiques market at 7:30am, one Saturday morning over a dozen years ago. He stood out amongst the crowd, not only because he was several inches taller than them, but also because he was immaculately turned out at this ungodly hour. His blazer was impeccably cut, his shoes shone like patent leather and the knot in his necktie was just that bit bigger than any one you had ever seen. That was the second or third time I had met him, and on every occasion he was the epitome of graciousness.

But, what most people who know Rolex will think of when they hear of his demise is the mystery surrounding his departure from the firm at the end of 2008. Like most things to do with Rolex, it was a private affair with little explanations given either by the firm or himself; so, as nature abhors a vacuum, the lack of information encouraged a swarm of rumours to arise. The firm batted down the most evidently incorrect ones, like the Madoff connection, but the rest continued to swirl around. Immediately below these words you will find the Rolex press release about his demise and the opening sentence explains his departure from the firm with these words; ‘after a long illness’; in other words, he was suffering from cancer, he knew his time was limited and chose to spend it with his family.

For most watchnuts, Hans Wilsdorf will always be the man behind Rolex; but, for me Patrick Heiniger comes a close second. In London’s St. Paul’s Cathederal, the grave of its architect bears the legend “Si monumentum requiris, circumspice” (If you seek his memorial, look around you); it is also a fitting epitaph for Patrick Heiniger, when you look at the company he left behind.

Geneva, 5 March 2013 The Board of Directors and the General Management of Rolex SA express their deep sorrow on the passing of Patrick Heiniger, former Managing Director and Chief Executive Officer of the company, in Monaco after a long illness. They would like to pay tribute to the memory of a man who marked the history of the company when he presided over its destiny from 1992 to 2008, and extend their sincere condolences to his family and friends.

Throughout his 16 years as head of the company, Patrick Heiniger was the faithful heir to the spirit of enterprise that has made Rolex an exceptional brand. He combined tradition with the demands of an ever-evolving world and his vision brought the company solidly into the third millennium.

Patrick Heiniger was appointed Managing Director of Rolex in 1992, six years after he joined as Commercial Director. He was also named Chief Executive Officer in 1997. As the company’s third Managing Director since it was founded, he followed his father, André J. Heiniger, who in 1963 had succeeded Hans Wilsdorf, the founder of Rolex. Born in Argentina in 1950, Patrick Heiniger was a lawyer by training, specializing in international and intellectual property law. He made it his mission to reinforce the defence of the brand throughout the world.

Under his impetus, in the mid-1990s Rolex made a fundamental strategic choice and opted for the vertical integration of its means of production. This strategy was intended to guarantee control over manufacturing of the essential components of the brand’s watches and thus to ensure its autonomy.

Rolex decided to group at three industrial sites all of its activities located in the canton of Geneva. This step was designed to reinforce the quality of its products while remaining true to the best watchmaking tradition. The vast vertical integration programme led to the construction of new, state-of-the-art production facilities at Rolex headquarters at Acacias, at Plan-les-Ouates and at Chêne-Bourg in the 2000s, as well as at Bienne in north-western Switzerland, where a new extension building was inaugurated in October 2012.

As a true independent watchmaker of the 21st century, enjoying unprecedented freedom in the design and manufacture of its watches, Rolex could take its ambition for excellence and innovation to new heights.

In 2002, Patrick Heiniger created the Rolex Mentor and Protégé Arts Initiative, dedicated to helping promising young artists realize their full potential under the watchful eye of a renowned mentor in their discipline.

That same year, he was awarded the insignia of Chevalier of the National Order of the Legion of Honour and, in 2005, he was appointed Commander of the Order of Arts and Letters.

Patrick Heiniger retired from the helm of Rolex in December 2008.

Rolex is still Number 1 Wed, 13 Sep 2017 10:50:27 +0000 Hi All;

Once again Rolex has topped the list of movements certified by COSC; in 2012 the organisation qualified 798,935 movements from Rolex, a rise of almost 6.5% over 2011. As all Rolex Oyster watches are COSC rated, this is a pretty accurate total of watches produced by the firm.

And once more, Omega was in second place with 526,046 movements, up by 3.3% and Breitling followed with 156,773 pieces, 1.5% more than 2011.

I mention movements, not watches, as the COSC tests uncased movements, not watches.

The assumption is that Tudor produce around 200,000 watches a year, which means that when you also add in the unknown number of Cellini watches, Rolex factories are now producing well over one million watches a year.

The new Rolex Cellini range Wed, 13 Sep 2017 10:41:49 +0000 Rolex are known as a firm where change is at best gradual, and at worst, glacial; pretty much all of the introductions at Baselworld this year were essentially ‘variations on a theme’ but quietly (almost surreptitiously) Rolex made two radical introductions this year. The first was the SYLOXI silicon hairspring in the new ladies 2236 calibre, which I expect to see fitted to more calibres over the years. But, perhaps, the most radical introduction this year was that of the first automatic Cellini range.

 photo Cellini_Time_50509B_BS_zps57e24b8e.jpg

Essentially, the Cellini range has been the answer to the question that nobody ever asked; I mean, did anyone ever sit awake in bed at night thinking “I REALLY want a Rolex, but I want one that isn’t waterproof and isn’t automatic”; so the range sat there, unloved and unsold, a victim of Rolex’s own powerful publicity machine. Just think about it, for almost ninety years, Rolex have been telling us that a Rolex is waterproof and for eighty years they have been telling us that it is also self winding and that the best of Rolex was a watch which combined both. So, what chance did the Cellini range really have?

So, in the most radical move imaginable, Rolex have introduced a new Cellini range which has not only a self winding movement, but also a screw back and screw down crown. It is available in a classically styled 39mm case with a most unusual bezel which has both polished and milled finishes in concentric circles (interestingly, this bezel is made in one piece, so I have no idea how they make it).

As well as the classic three hand watch shown above, there are two variants, a date version, where the date is indicated via a subsidiary dial at 3, rather than the conventional window.

 photo Cellini_Date_50515A_BS_zps26d9600e.jpg

The most unexpected version (that is after the entire range itself) is a GMT version, although it is called the Dual Time, rather than GMT, which indicates a second time zone via a subsidiary dial at 6.

 photo Cellini_Dual_Time_50525C_BS_zpsc084bf4a.jpg

The movements for all of them are based on the Rolex 3135 but with the added modules for the subsidiary functions of the second two models; the movements are all fitted with Parachrome Blue hairsprings and are COSC rated, although there is no confirming text on their dials. The dials themselves are perfect for a dress watch, with elongated Roman numerals for the quarter hours on the Cellini Time model, an inner second/minutes track and beautifully polished ‘leaf’ hands. The Cellini Date model has simple elongated batons and a sunburst guilloche finish whilst the Cellini Dual Time model has a similar dial to the Date but with the addition of a 12 hour second time zone at 6, inset into this sub dial is a day night indicator at 9.

All the dials sit under a domed sapphire glass, and I have not yet been able to discover if it is anti reflection treated.

Each model is available exclusively in 18ct gold, either Everose or Rolex’s own formulation of White Gold and with either a silver or black dial; meaning that there are twelve variations in the range.

As I said in my opening, Rolex are not renowned for radical change, but in this case I applaud them for this very radical change; as the resulting watches are pretty much guaranteed to outsell the previous Cellini models by a sizeable margin.

Money is still being poured into the watch business Wed, 13 Sep 2017 10:41:00 +0000 The three biggest ‘players’ in the watch business are all making big bets on the continued future of their industry; Swatch Group, LVMH & Richemont have all recently announced substantial investments. First out of the gate was LVMH, who officially opened their new TAG Heuer movement factory on the 5th of November. The factory will produce the current calibre 1887, as well as a new lower priced movement, called the calibre 1969, completely designed and produced in house, it will soon be joined by another (yet un-named) calibre designed for mass production. Meaning that the brand will double its current 50,000 watches per annum production rate within the next three years; by which time the firm will have invested around 60 million CHF (around $65 million US) in the factory.

Two days later, it was the turn of Richemont who stated their intention to invest €800 million (over $1 Billion US) in their operations this year, with a similar amount being invested in 2014/15. The firm who own such industry stalwarts as Cartier, IWC, JLC, Panerai and Vacheron Constantin are investing in factory refurbishment and expansion as well as many opening more single brand boutiques.

Earlier this week, Omega invited a select group of journalists to their new factory in Granges, dedicated to the production of its co-axial movements. But this isn’t the only new factory for Omega; they are currently building another one next to their current Bienne HQ; as usual, Swatch Group declined to give figures for the costs involved, but building brand new factories has never been a pastime for the cheapskate. The one thing that they did reveal is that their current production is around half a million units per annum and that they plan to produce an additional 300,000 units per annum in the next few years.

Taken together, these developments show that the industry giants have just given the business, and Switzerland, a huge vote of confidence. Only time will tell if this confidence is justified.

COMCO gives Swatch the go ahead to end movement deliveries but fails to decide about hairsprings Thu, 08 Jun 2017 20:42:17 +0000 The Swiss competition comission (COMCO) has decided that Swatch can cease all deliveries of ebauches by 2020, but COMCO chose not to make a decision on a MUCH more important point. Whilst several firms now make movements which can compete with ETA ebauches and some of the larger watch firms have switched to in house movements, there is still a vital area where the Swatch group hold almost a monopoly; hairsprings. Swatch owned Nivarox supply hairsprings to 95% of all Swiss watchmakers and Swatch have indicated that they intend to curtail these shipments also.

So, watchbrands may shift from ETA to Selitta or one of the other ebauche suppliers, but if these movements don’t have hairsprings, then they are essentially very tiny boat anchors.

Watch this space.

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Rolex 2017: all the new models with pictures, prices and expert analysis Thu, 23 Mar 2017 13:15:01 +0000 Read more...]]> Celebrating the 50th anniversary of the Sea Dweller, along with the arrival of the Rolex Cellini Moonphase and the questionable Tutti-Frutti Yachtmaster. Read more…