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Latest watch news · Page 1158

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Business News: Swatch Group Posts Full-Year Loss SJX Watches
Swatch Jan 28, 2021

Business News: Swatch Group Posts Full-Year Loss

From a robust profit of CHF748m the year prior, Swatch Group ended 2020 with a net loss of CHF53m – the first in decades for the Swiss watch conglomerate that owns brands like Omega, Longines, and Tissot. This reversal of fortune was attributed to the COVID-19 pandemic, which forced many of its retail stores to close while putting a halt to international travel. On an operating level, Swatch Group eked out a tiny CHF52m profit – compared to CHF1.02 billion the year before. The year’s results were mitigated by an improvement in the second half of 2020, with sales in the second half of the year rose 54.7% compared to the previous six months, as economic activity resumed in Asia with pandemic restrictions lifted, particularly in China, which experience double-digit growth for the full year. And the Swatch Group also had to face a virus of the digital kind in the second half of the year. Reported in information-technology news but not in the mainstream press, the group suffered a cyber attack in September, leading to a mention of “a 10-day production interruption” at Omega in the results announcement. Hit harder than most With jewellery selling better than luxury watches, fellow Swiss rival Richemont was buoyed by its pair of jewellery brands that helped plug the hole caused by its faltering watch division. Although Swatch Group owns American jeweller Harry Winston, the bulk of its revenue is generated by watches and watch components. Net sales fell to CHF5.59 bil...

RECOMMENDED READING: Patek Philippe Nautilus 5711 discontinued, market price climbs 50% within a week! Time+Tide
Patek Philippe Nautilus 5711 discontinued market Jan 28, 2021

RECOMMENDED READING: Patek Philippe Nautilus 5711 discontinued, market price climbs 50% within a week!

Earlier this week, it was reported that Patek Philippe had discontinued the hottest luxury watch on the market after 15 years: the Nautilus 5711/A. The news was rather shocking when you consider the fact the watch commanded a speculated eight year waitlist – and that is assuming you had earned the privilege of being added … ContinuedThe post RECOMMENDED READING: Patek Philippe Nautilus 5711 discontinued, market price climbs 50% within a week! appeared first on Time+Tide Watches.

HANDS-ON: The Farer Field Watch Collection lets you have your cake and eat it too (Mmmm…cake) Time+Tide
Farer Field Watch Collection lets Jan 28, 2021

HANDS-ON: The Farer Field Watch Collection lets you have your cake and eat it too (Mmmm…cake)

Vintage-inspired watches have been selling like hotcakes for a few years now, and there’s no sign of their popularity slowing down. And to be honest, I can understand why. Design from the golden age of watchmaking in the middle of last century, blended with all of the perks of modern watchmaking – what’s not to … ContinuedThe post HANDS-ON: The Farer Field Watch Collection lets you have your cake and eat it too (Mmmm…cake) appeared first on Time+Tide Watches.

VIDEO: The Farer Field Watch Collection combines the best of British design with Swiss watchmaking Time+Tide
Farer Field Watch Collection combines Jan 28, 2021

VIDEO: The Farer Field Watch Collection combines the best of British design with Swiss watchmaking

Britain has a long history of horological greatness, having lead the way in innovation thanks to the likes of  Thomas Tompion and John Harrison. Today, Farer is a brand that continues to fly the flag for passionate UK watchmakers. Established in 2015, Farer has released a number of heritage-inspired collections. Their philosophy is underpinned by … ContinuedThe post VIDEO: The Farer Field Watch Collection combines the best of British design with Swiss watchmaking appeared first on Time+Tide Watches.

AUCTION NEWS: This Vacheron Constantin sold for just 40 per cent of its $3 million prediction. Is 2021 off to a catastrophically slow start? Time+Tide
Vacheron Constantin sold Jan 27, 2021

AUCTION NEWS: This Vacheron Constantin sold for just 40 per cent of its $3 million prediction. Is 2021 off to a catastrophically slow start?

I did choose to be very optimistic in my story last week about the astounding Vacheron Constantin Tour de L’Ile reaching a cool record $3 million to kick off a healthy 2021. The estimate was set at Antiquorum’s Important Modern & Vintage Timepieces in Monaco to a spread of $1.8 – $3 million. But the watch … ContinuedThe post AUCTION NEWS: This Vacheron Constantin sold for just 40 per cent of its $3 million prediction. Is 2021 off to a catastrophically slow start? appeared first on Time+Tide Watches.

Garrick Debuts an Affordable, Contemporary Take on English Watchmaking SJX Watches
Garrick Jan 27, 2021

Garrick Debuts an Affordable, Contemporary Take on English Watchmaking

Garrick is a newish independent watch brand based in Norfolk, England. Founded in 2014, it specialises in watches inspired by historical English watchmaking, exemplified by the S1, an elaborately-conceived, but pricey, timepiece. Now the brand has launched its most compelling buy to date, the Garrick S4. Like its earlier model, the S4 still possesses many elements drawn from English watches of yore, but is executed more simply. The S4 still boasts an unusual level of hand-finished details – including a barrel and crown wheel cover decorated with floral engraving and hand-finished bevelling – but is priced far more accessibly, with a retail price that starts under US$6,000 before taxes. Initial thoughts While independent-watchmaking startups are proliferating, most don’t diverge too far from each other; many focus on dial and case designs that are modern looking, think Ming and Sartory Billard. The Garrick S4 is unusual, particularly in two attributes that set it apart – traditional, pocket watch-inspired design and hand-finished details – which bring to mind an earlier generation of independent watchmakers like D. Dornblüth & Sohn. The most discernible feature of the S4 is the dial, which is unabashedly classical in style. But like the pocket watches that inspire it, the dial has depth, thanks to a multiple-part construction and varied surface finishes, including an engine-turned seconds register. Over on the back, the view is necessarily simpler than that ...

INTERVIEW: “We squandered world domination.” Roger Smith says British watchmaking deserves a new dawn Time+Tide
Jan 27, 2021

INTERVIEW: “We squandered world domination.” Roger Smith says British watchmaking deserves a new dawn

Let me start by saying the headline is paraphrasing master watchmaker, and OBE, Roger Smith, and a contraction of two statements. The first is that Britain “had a great history [in watchmaking], and we squandered it.” The second is his statement that “for a couple of hundred years, we had world dominance.” Assuming that you … ContinuedThe post INTERVIEW: “We squandered world domination.” Roger Smith says British watchmaking deserves a new dawn appeared first on Time+Tide Watches.

Hose before bros: William Wood make a customised watch for the Melbourne Metropolitan Fire Brigade! Time+Tide
Jan 27, 2021

Hose before bros: William Wood make a customised watch for the Melbourne Metropolitan Fire Brigade!

Last July, the Melbourne Metropolitian Fire Brigade merged with the Victorian Country Fire Authority and formed the Fire Rescue Victoria. This, however, meant the retirement of the MFB organisation name after a long history for the brigade dating back to 1891. To celebrate that illustrious history, members of the Melbourne Metropolitan Fire Brigade decided that … ContinuedThe post Hose before bros: William Wood make a customised watch for the Melbourne Metropolitan Fire Brigade! appeared first on Time+Tide Watches.

De Bethune DB Kind Of Two Tourbillon: Two Dials Means Double The Pleasure (Plus Video) Quill & Pad
De Bethune DB Kind Jan 26, 2021

De Bethune DB Kind Of Two Tourbillon: Two Dials Means Double The Pleasure (Plus Video)

There’s a new double-faced superstar in town: the De Bethune DB Kind Of Two Tourbillon. Co-founder and chief watchmaker Denis Flageollet wanted to create a watch with two distinct identities, incorporating two sets of brand “DNA” on the same watch. He also wanted to use the brand’s signature, patented floating lugs to their fullest extent. Elizabeth Doerr thinks Flageollet succeeded in his goals and explains why here.

INTRODUCING: Inspired by a wilderness paradise come this trio of Seiko Prospex Diver 140th Anniversary Limited Editions Time+Tide
Seiko Prospex Diver 140th Anniversary Jan 26, 2021

INTRODUCING: Inspired by a wilderness paradise come this trio of Seiko Prospex Diver 140th Anniversary Limited Editions

Any watch enthusiast whose tastes gravitate towards dive or tool watches will be familiar with the Seiko Prospex collection. It’s the bulletproof, no-nonsense collection that Seiko produce with the professional outdoors person in mind, hence the name Prospex – contracted from Professional Specifications. The Prospex line is now bolstered with the all-new Seiko SPB207, SLA047 … ContinuedThe post INTRODUCING: Inspired by a wilderness paradise come this trio of Seiko Prospex Diver 140th Anniversary Limited Editions appeared first on Time+Tide Watches.

Hublot Unveils the Classic Fusion Takashi Murakami All Black SJX Watches
Hublot Unveils Jan 26, 2021

Hublot Unveils the Classic Fusion Takashi Murakami All Black

Fresh off the press at LVMH Watch Week – which like most trade fairs was entirely online – the Hublot Classic Fusion Takashi Murakami All Black is one of the highlights amongst all the new launches. A collaboration with the Japanese contemporary artist known for his anime-inspired “superflat” creations, the Classic Fusion Murakami is a time-only watch with a twist: free-spinning, diamond-set petals that bring Mr Murakami’s “smiling flower” to life. Initial thoughts In photos the Murakami edition seems, at a glance, dull and static, in contrast to Mr Murakami’s signature style. But the watch glitters and spins, and despite not being serious haute horlogerie, it is cool and compelling. When I first heard that Hublot would be collaborating with Mr Murakami, I expected it to be dressed in psychedelic colours, so the muted All Black livery was a surprise. But as it turns out, it was Mr Murakami’s idea. Commenting the launch announcement, he said, “The one thing I did request was to go all black on our first collaboration… because the very first impression I had when I learned about Hublot was its signature black rubber [strap].” Still, the Murakami edition manages to convey the artist’s exuberant style without using colour, but instead relying on motion, texture, and the smiling flower emblem. And the all-black aesthetic makes sense given the diamonds and large size of the watch. The sparkle of the stones contrast well against the brushed bezel and bl...

HANDS-ON: The Grand Seiko SBGW264 has one of the best green dials in the industry Time+Tide
Grand Seiko SBGW264 has one Jan 26, 2021

HANDS-ON: The Grand Seiko SBGW264 has one of the best green dials in the industry

Grand Seiko gets a lot of attention from collectors that’s well-deserved for the incredible artistry it delivers. If the Swiss were even capable of paralleling this Japanese craft and philosophy, the resulting products would likely be far more expensive. Grand Seiko continually brings high craftsmanship and value to the table, the brand name truly built … ContinuedThe post HANDS-ON: The Grand Seiko SBGW264 has one of the best green dials in the industry appeared first on Time+Tide Watches.

INTRODUCING: The Hublot Big Bang MP-11 Magic Gold weaves a golden web to trap you in a world of micro-mechanical wonder Time+Tide
Hublot Big Bang MP-11 Magic Jan 25, 2021

INTRODUCING: The Hublot Big Bang MP-11 Magic Gold weaves a golden web to trap you in a world of micro-mechanical wonder

Blown away by the first picture in the press release. Where to start? I’ll be honest with you, while we want to share the news from the LVMH Watch Week as soon as it comes out, it does create the luxury of frustration, very apparent in this story on the Hublot Big Bang MP-11 Magic … ContinuedThe post INTRODUCING: The Hublot Big Bang MP-11 Magic Gold weaves a golden web to trap you in a world of micro-mechanical wonder appeared first on Time+Tide Watches.

Zenith Introduces the Pilot Type 20 Chronograph Silver SJX Watches
Zenith Introduces Jan 25, 2021

Zenith Introduces the Pilot Type 20 Chronograph Silver

Launched alongside the Chronomaster Sport at LVMH Watch Week, the Zenith Pilot Type 20 Chronograph Silver is a limited edition that’s a nod to Zenith’s long history of aviation watches – with a twist. While the style is the 1920s-inspired look typical of Zenith’s Pilot range, the new chronograph is dressed entirely in sterling silver, giving it a bright finish. Inspired by the aluminium bodies of vintage aircraft, the silver case will darken with time as the alloy oxidises, but the dial will remain pristine, protected by the case. Initial thoughts Zenith has been on a tear in recent years, introducing a diversity of watches, ranging from the Chronomaster Revival A385 to the mind-boggling Defy Inventor. Few of the new launches were Pilot models, resulting in a quiet spell for the line, a shame considering Zenith’s storied heritage in aviation watches. The new chronograph will no doubt do its part to revive the line. Pilot’s watches are often aesthetically conservative – not so here. The Pilot Type 20 Chronograph Silver is meant to stand out on the wrist, and I’m all for it. I had the opportunity to interact with a prototype, and the riveted, silver dial looks even better in the metal. The brushed surface has a shimmering quality that changes under different light, allowing it to catch the eye from every angle. Clad in silver The Chronograph Silver is cased in sterling silver, or 925, indicating it is 92.5% silver by weight. While not the first Pilot ...