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The Dirty Dozen

Twelve Swiss makers who supplied the 1944-45 British MoD W.W.W. specification: Buren, Cyma, Eterna, Grana, IWC, JLC, Lemania, Longines, Omega, Record, Timor, Vertex.

12 Yellow-Dial Watches From Affordable to Luxury Teddy Baldassarre
Dec 8, 2023

12 Yellow-Dial Watches From Affordable to Luxury

Yellow is a color meant to draw attention: there’s a reason it’s used in road signs, stoplights, and to highlight important text passages. When yellow is used on a watch dial, you can usually be sure that it’s a watch that is meant to be anything but understated and subtle - whether the tone is a bright, matte “signal” yellow or a more elegant, shiny-surfaced gold or champagne tone. Here are a dozen yellow-dialed watches that span the gamut from sporty to luxurious - and from affordable and easily accessible to expensive and ultra-exclusive.  Citizen Tsuyosa Price: $450, Case Size: 40mm, Thickness: 9.1mm, Lug to Lug: 45mm, Crystal: Sapphire, Water Resistance: 50 meters, Movement: Automatic Caliber 8210 Best known for its light-powered Eco-Drive movements, Japan’s Citizen also offers a lineup of appealing mechanical timepieces, including the NJ015 automatic series, nicknamed “Tsuyosa,” a Japanese word meaning “strength.” Speaking to the contemporary trend towards eye-catching colorful dials, Tsuyosa models offer five, all with a subtle sunburst finish, including the standout yellow version above. The round, chamfered steel cases measure 40mm in diameter and 11.7mm thick, with an unconventionally positioned crown at 4 o’clock for better ergonomics on the wrist. The bracelet has what Citizen describes as a “mountain-shaped” design thanks to its individually curved links; the center links and the bezel are both sleekly polished. The self-winding...

Citizen Super Titanium™ Holiday Gift Guide Worn & Wound
Citizen Super Titanium™ Holiday Gift Dec 4, 2023

Citizen Super Titanium™ Holiday Gift Guide

If you’re anything like us, a few big holiday meals can have you feeling pretty heavy. Luckily, your wrist doesn’t have to feel the same way, and that’s thanks to an incredibly solid lineup of titanium watches from Citizen. If you’ve never handled a titanium watch before, you’re in for a treat. The metal is almost shockingly light, but still retains a premium feel and can be finished in the same way as steel. All the benefits of a metal watch, with a much lighter feel on the wrist. Of all the brands out there, Citizen has embraced titanium the most, with a complete lineup of interesting watches that appeal to a broad range of tastes. Citizen doesn’t use just any titanium, but one of their own creation. Super Titanium is Citizen’s approach to maintaining a pristine appearance on the elements of their watch by applying their proprietary surface-hardening technology that they call Duratect to create a watch that is five times harder and 40% lighter than stainless steel. Typically, titanium is more prone to scratches and this addition of surface hardening ensures that the watch stays free from nicks and scratches. Today, we’re taking a closer look at seven Citizens-curated by Worn & Wound’s editorial team-all crafted from their own proprietary lightweight, durable, and comfortable Super Titanium. The post Citizen Super Titanium™ Holiday Gift Guide appeared first on Worn & Wound.

Andrew picks out three new watches under $1,000 from Geneva Watch Days Time+Tide
Sep 10, 2023

Andrew picks out three new watches under $1,000 from Geneva Watch Days

While the numbers reveal many of you love luxury timepieces, there is an equal, if not larger, interest in more budget-friendly watches – this is especially true within the daily wearer segment. As much as people romanticise the idea, not everyone is comfortable getting down and dirty with a pricey watch on their wrist. While … ContinuedThe post Andrew picks out three new watches under $1,000 from Geneva Watch Days appeared first on Time+Tide Watches.

FRIDAY WIND DOWN: Movement maker giant Sellita caught up in Swiss super-storm Time+Tide
Jul 28, 2023

FRIDAY WIND DOWN: Movement maker giant Sellita caught up in Swiss super-storm

Our Friday Wind-Down usually serves as a restful, fun read after a week of slaving away beneath fluorescent bulbs and drop ceilings. This week, however, catastrophic news from La Chaux-de-Fonds has put a dampener on things, as inclement weather ripped through the region, causing significant damage to buildings, more than a dozen injured people, and, … ContinuedThe post FRIDAY WIND DOWN: Movement maker giant Sellita caught up in Swiss super-storm appeared first on Time+Tide Watches.

Patek Philippe Rare Handcrafts 2023 Exhibition in Geneva SJX Watches
Patek Philippe Rare Handcrafts 2023 Exhibition Mar 22, 2023

Patek Philippe Rare Handcrafts 2023 Exhibition in Geneva

As is now tradition, Patek Philippe is unveiling its Rare Handcrafts collection for the year at its boutique in Geneva alongside Watches & Wonders (W&W;) that takes place at the same time. Open to the public from April 1 to 15, Rare Handcrafts 2023 encompasses 67 timepieces – including 22 Dome Clocks and a dozen pocket watches – all decorated with a variety of artisanal techniques ranging from wood marquetry to cloisonné enamel. Amongst the highlights from the collection is the Calatrava ref. 5189G-001 “1948 Nations Grand Prix” (pictured above), a wristwatch with a cloisonné enamel dial depicting the automobile race that took place in Geneva from 1946 to 1950. Another is the pocket watch “Leopard” ref. 995/137J-001 that is finished with wood marquetry on its back and champlevé enamel along the case and bow. “Leopard” ref. 995/137J-001 In addition to the new launches, the exhibition also has on show a selection of vintage and antique timepieces from the Patek Philippe Museum. Rare Handcrafts 2023 is open daily to the public from April 1 to 15, except on Sundays. Patek Philippe Salons Rue du Rhône 41 1204 Genève Switzerland Admission is free but registration is required and it can be done on Patek.com.  

Hublot Announces NFT Lottery for Latest Takashi Murakami Edition SJX Watches
Hublot Announces NFT Lottery Feb 8, 2023

Hublot Announces NFT Lottery for Latest Takashi Murakami Edition

A frequent partner of notable personalities ranging from artists to celebrity chefs, Hublot’s most notable collaboration is the partnership with Takashi Murakami, the Japanese contemporary artist whose “Superflat”, anime-inspired art has gained acclaim and spawned a commercial empire. Having two sold-out Murakami editions under its belt, Hublot now debuts a third, the Classic Fusion Takashi Murakami Black Ceramic Rainbow. More specifically, it’s a single unique wristwatch, along with a dozen more (slightly less) unique watches, for a total of 13. They will be sold via a lottery that can be entered only by owners of the non-fungible tokens (NFT) that were given to owners of the first two editions, the monochromatic original in black diamonds and its chromatic opposite, the transparent and technicolour Sapphire Rainbow. Hublot chief executive Ricardo Guadalupe (left) with Takashi Murakami at the launch event in New York Initial thoughts While Hublot puts out many collaboration editions, too many by my estimation, the Murakami watches stand out for being visually simple yet striking. And they have a whimsical aspect that captures Murakami’s style perfectly. The 13 unique editions combine the best of the prior two editions – the rainbow flower from the sapphire model with the all-black ceramic case. The monochromatic case is a perfect canvas for the rainbow flower, the essence of Murakami. And in terms of value, the Murakami watches – at least the first and cur...

Four Things You’ll Only See at a Watch Meetup Worn & Wound
Feb 3, 2023

Four Things You’ll Only See at a Watch Meetup

Anyone who has ever been to one knows that watch meetups are a lot of fun. You get to meet fellow collectors, handle watches you might not otherwise see in person, and hopefully even learn something new about the hobby we all share. But let’s be honest: they’re also kind of weird. A group of a few dozen people rolling into a bar on a weeknight clutching little canvas watch rolls and oh-so-carefully laying their contents out on tables is bound to confuse the waitstaff if they’re new to this whole thing. I often wonder what servers and other diners are thinking about the room full of people obsessively taking photos of their wrists at these things. We must appear absolutely insane.  Between regular local meetups and other industry events, I’ve been to more than my share of meetups, get-togethers, and hangouts of all stripes over the course of my time in watches, so I felt like I could chronicle a list of weird things that you’re likely to only see at a watch event. This, of course, is an incomplete list, so if there’s anything critical I’ve left off, be sure to add it in the comments.  The “Sex Pile”  I think for the uninitiated, this might be the hardest to explain. The “sex pile” is the term commonly used for an arrangement of watches at a meetup into a single “pile” suitable for a photograph to then post on Instagram. It’s gratuitous even beyond the crude name as these photos inevitably include an obscene amount of wealth on display, but I h...

Hands On: Audemars Piguet Royal Oak 37 mm Turquoise Dial SJX Watches
Audemars Piguet Royal Oak 37 mm Feb 2, 2023

Hands On: Audemars Piguet Royal Oak 37 mm Turquoise Dial

Audemars Piguet (AP) just launched over a dozen new models, ranging from the Royal Oak “Jumbo” with a grained dial to the first Offshore Chronograph with a ceramic bracelet. But one stands out despite being the smallest watch amongst the new launches. Dressed in yellow gold and a striking stone dial, the Royal Oak Selfwinding 37 mm Turquoise Dial is a throwback back to an earlier era when the Royal Oak was offered with a range of mineral stone dials. Initial thoughts Though relatively common in the 1970s and 1980s when stone dials were a thing, the turquoise-yellow gold combination is unusual today. But it has a certain timelessness so the combination remains attractive. In fact, it even feels current, a testament to the longevity of the Royal Oak design (and the current fad for robin-egg blue dials). The watch is intrinsically attractive in its design and palette. The design is simple – almost minimalist in Royal Oak terms – but the watch has presence due to its colours. It is vibrant and loud, very much the opposite of, say the new “Jumbo” in white gold, which is decidedly low key in comparison. One element I wish was different is the seconds hand – I would have preferred a two-hand dial as on the vintage Royal Oak models with stone dials. That simplicity would further accentuate the dial material. The case does feel slightly small for a modern men’s watch. It is an acceptable size, but the dimensions of the model means it feels slightly smaller than it...

12 "Cheap" Watches That Look More Expensive Than They Are Teddy Baldassarre
Nov 22, 2022

12 "Cheap" Watches That Look More Expensive Than They Are

There are a lot of cheap watches out there, and to be honest, many of them look the part. Making a watch that is inexpensive enough to appeal to a broad audience yet also capable of impressing a discerning watch enthusiast with its build quality, finishing, movement, and design is a challenging task for even the most experienced and resourceful of watch manufacturers. The brands and models we spotlight below, in our humble opinion, successfully tread the line between entry-level value (prices range from under $100 to just shy of $600) and noteworthy quality and aesthetics.  Casio Vintage Gold A168GW-9VT Price: $65, Reference: A168GW-9VT, Case Size: 38.6mm x 36.3mm, Case Height: 9.6mm, Crystal: Resin Glass, Water Resistance: Water-Resistant, Movement: Quartz Digital While its most iconic contribution to the watch world is undoubtedly the mega-popular G-Shock, Japan’s Casio offers different styles of digital timekeeping in its retro-influenced Vintage series, the most “expensive-looking” of which is this gold-toned model with a rectangular resin case, a stainless steel bracelet, and an electro-luminescent backlit display screen. The watch features an array of useful functions including a 1/100-second stopwatch with elapsed times and split times, daily alarms, hourly time signals, an auto-calendar, and timekeeping options in both 12-hour and 24-hour format. Best of all, this combination of high functionality and gilded flair can be had for under $70. Scurfa Diver O...

Highlights: Unorthodox Sports Watches at Sotheby’s Hong Kong SJX Watches
Richard Mille Oct 1, 2022

Highlights: Unorthodox Sports Watches at Sotheby’s Hong Kong

Following our round up of independent watchmaking highlights at the Sotheby’s upcoming Important Watches I auction in Hong Kong, we now turn to something more conventional and even fashionable: high-end sports watches. But naturally we’re not going to run through the unorthodox examples that need no extra publicity (though one “hype” watch might have slipped in). Our selection of a half dozen includes an early Richard Mille and possibly a value buy, a IWC Big Pilot’s Watch Monopusher Edition that has an interesting and little known movement. Important Watches I starts at 10:00 am (GMT +8) on October 5, 2022. Registration for bidding and the full catalogue can be accessed here. The RM002-V2 Lot 2161: A. Lange & Söhne Odysseus An entirely new collection that debuted just in time for the modern brand’s 25th anniversary, the Odysseus is an outlier for a watchmaker that historically focused on high-end, classical watches. Though the Odysseus sports a design that’s unsurprising for Lange, it is the brand’s first watch with an integrated bracelet. More notably, the Odysseus was the first regular production Lange watch in steel. But we’re not here to talk about the heavily-hyped steel model, instead this is the model in white gold, which arguably offers more value than the steel version at market prices. The integrated-bracelet sports watch arena has long been dominated by the Royal Oak and Nautilus, so what makes the Odysseus a contender? The same characte...

FRIDAY WIND DOWN: Cliff diving with Mido in Paris, AP artwork and Greubel gorgeousness Time+Tide
Mido Jun 24, 2022

FRIDAY WIND DOWN: Cliff diving with Mido in Paris, AP artwork and Greubel gorgeousness

Luke here – just popping into Zach’s Wind Down to tell you about a gravity-defying weekend in Paris with Mido. Twenty-seven metres doesn’t sound that high. But as I edged out onto the diving platform towering over the Seine, I felt a lurching sense of dread in the pit of my stomach. The platform was about … ContinuedThe post FRIDAY WIND DOWN: Cliff diving with Mido in Paris, AP artwork and Greubel gorgeousness appeared first on Time+Tide Watches.

Hands-On: Breguet Type XX Only Watch 2021 SJX Watches
TAG Heuer Monaco Oct 31, 2021

Hands-On: Breguet Type XX Only Watch 2021

The upcoming Only Watch auction is an impressive catalogue of 53 one-off timepieces, a good number of which – more than a quarter of the total – are chronographs. Among the dozen chronographs, a couple caught my eye. One is the Breguet Type XX Only Watch 2021. It’s essentially an evolution of the Breguet Type 20 created for Only Watch 2019, simple in design and execution but attractive in that simplicity. The Breguet Type XX Only Watch 2021 Initial thoughts Like another notable chronograph in the sale, the TAG Heuer Monaco, the Type XX is reinterpretation of an iconic model of the brand. But the Type XX Only Watch 2021 is a nostalgic reinterpretation with a chocolate-brown dial that evokes the aged, “tropical” effect found on vintage examples. That said, the vintage styling is its only weakness. The Type XX is almost identical to the Type 20 Only Watch 2019 – right down to the strap – though the point can be made that the two make a perfect pair. The Type XX (left), and Type 20 They are each inspired by historical aviator’s watches made for the military and civilian markets respectively (the vintage Type XX was marketed to civilians, while the Type 20 was supplied to the French military). So this year’s Type XX should go home with the owner of the Type 20 from 2019. Almost a doppelgänger – the Type 20 Only Watch 2019 Notably, the Type XX is powered by a vintage movement, though one that is from a later period from an actual vintage Type XX. Still, giv...

Up Close: IWC Big Pilot Ref. 5003 “Markus Bühler” SJX Watches
IWC Big Pilot Ref 5003 Oct 20, 2021

Up Close: IWC Big Pilot Ref. 5003 “Markus Bühler”

One of the most distinctive Big Pilot’s Watches IWC has ever made is also one of the least known – and even perhaps the rarest model ever. Named after its creator, the Big Pilot’s Watch Edition “Markus Bühler” ref. 5003 was conceived by a then apprentice at IWC and subsequently made it into production, but as a tiny limited edition of only a dozen watches. The fundamentals of the Markus Bühler edition are simple – a gently-modified Unitas 6498 – but the look effectively conveys the purpose of design. With the “turbines” on the front and back, it is unmistakably a pilot’s watch. Initial thoughts When I first saw the Big Pilot Markus Bühler at the time of its launch in 2008, I thought it was silly. Despite being a limited edition, the Big Pilot “Turbine” was a downgrade from the standard Big Pilot’s Watch, going from the impressive, in-house cal. 5000 with a seven-day power reserve to a Unitas, albeit one with unusual, asymmetric striping on the bridges. But I was wrong. The simple yet effective concept – and its intrinsic aesthetic appeal – means the Markus Bühler has grown on me. I rank it amongst the most notable Big Pilots ever. Its appeal lies in the fact that the design is straightforward and symmetrical, with minimal modification to the original Big Pilot dial, save for the seconds. The dial design was the work of Gerd Plange, who’s been part of the IWC design team since 2001. During the period when he designed the “turbine” d...

Highlights: Vintage Patek Philippe – and One Special Day-Date – at Sotheby’s Hong Kong SJX Watches
Patek Philippe Oct 9, 2021

Highlights: Vintage Patek Philippe – and One Special Day-Date – at Sotheby’s Hong Kong

With Sotheby’s Hong Kong sale just around the corner, we’re rounding up a half-dozen notable vintage watches from the auction, primarily big-ticket Patek Philippe complications. Amongst them a few oddities, one a Patek Philippe ref. 3448 “Senza Luna”, a perpetual calendar with the moon phase omitted, and the other the Rolex Day-Date with a  “Submariner” dial. With the preview exhibition open daily from now till October 12, the auction will take place on October 13. The catalogue and registration for bidding are available on Sothebys.com. Lot 2265: Patek Philippe ref. 130 The oldest watch of the selection is a Patek Philippe ref. 130, the brand’s first serially-produced wristwatch chronograph that remained in the catalogue for over three decades. The model’s longevity makes it an inevitability that a good number of ref. 130 variants exist. Indeed, the model varies greatly in terms case material and dial design, with some combinations being rarer than others. One such rare combination is a steel case with “sector” dial, like the present example. Made by Wenger, the steel cases of the ref. 130 have shorter and wider-spaced lugs compared to the gold cases that made by Vichet, giving the 33 mm case a more imposing appearance Chronograph wristwatches from that era typically feature tiny counters that sit close to the edge of the dial, leaving the dial clean and distinctly vintage. But the “sector” dial here is an entirely different animal – the sect...

Auction Watch: Enamelled Automaton Masterpieces at Sotheby’s Hong Kong SJX Watches
Patek Philippe chronographs commissioned Oct 5, 2021

Auction Watch: Enamelled Automaton Masterpieces at Sotheby’s Hong Kong

Sotheby’s upcoming Hong Kong Sale is primarily focused on wristwatches, encompassing several unique Patek Philippe chronographs commissioned by Eric Clapton and a dozen examples of early F.P. Journe. But two of the most valuables lots in the auction – and with estimates well into seven-figure US dollar sums – are a pair of museum-quality automata. Made for the Chinese market more than two centuries ago, this pair of objects are tremendously rare and exquisitely decorated in enamel and pearls. Two generations ago, such automata as well as pocket watches were the most respected genre in watch collecting. They were sought after by eminent collectors like the former chairman of HSBC and the German billionaire who was once the fifth-richest man in the world, which is why the record-setting lots in watch auctions of that era were inevitably pocket watches or objects, like the million-dollar Cremsdorff. Almost 400-years old, this pocket watch made by Jehan Cremsdorff sold for £2.175m, or about US$2.734m, including fees, at Sotheby’s in 2019 With the rise of wristwatches as the preeminent collecting category, demand for automata and pocket watches have declined sharply. Now the most expensive timepiece ever sold is the Patek Philippe Grandmaster Chime ref. 6300A mega-complication that sold for over US$33 million in 2019. But elaborately enamelled pocket watches are arguably the closest thing to fine art in horology, because of the intrinsic nature of the artisanal dec...

Highlights: Watches Owned by Eric Clapton and Hiroshi Fujiwara at Sotheby’s SJX Watches
Patek Philippe chronographs commissioned Sep 29, 2021

Highlights: Watches Owned by Eric Clapton and Hiroshi Fujiwara at Sotheby’s

Sotheby’s upcoming Hong Kong auction is a major event – 266 lots is sizeable – but boasts a surprising lineup of historically significant watches in a variety of genres, from establishment brands to independent watchmaking (including a dozen F.P. Journe), and even museum-quality, enamelled automata. Now we turn to an unusual group of watches from the collections of two well-known watch collectors: musician Eric Clapton and Japanese streetwear guru Hiroshi Fujiwara (who last year designed a watch for TAG Heuer). The all important name on the certificate The ex-Clapton watches have been consigned by the current owners, who number just two. The first consigned all the Rolex sports watches, which he bought direct from Mr Clapton. And the second is a prominent collector from the Southern Hemisphere who consigned the trio of custom-dial Patek Philippe chronographs commissioned by Mr Clapton, a set of watches the owner accumulated primarily at auction. On the other hand, the watches from Mr Fujiwara’s collection come from the man himself. Mr Fujiwara consigned three watches, including a matched pair of ref. 5970 with “Tiffany” dials. We round up eight highlights from these celebrity-owned offerings. The full catalogue and sale registration are available on Sothebys.com. The ex-Clapton Often spotted wearing notable watches, modern and vintage, Eric Clapton has long been known to be a watch aficionado (and also an accomplished collector of Ferrari). Mr Clapton has ...

Exhibition: Exquisite Pocket Watches in Singapore SJX Watches
Audemars Piguet grand complication Sep 16, 2021

Exhibition: Exquisite Pocket Watches in Singapore

A vintage watch dealer based in Singapore, 2ToneVintage is staging an exhibition that goes down a road less travelled in modern watch collecting – vintage pocket watches instead of the usual fare of wristwatches. The exhibition is open to the public from now till September 30, 2021, but registration is required due to venue capacity limits. Titled The Beginning, the show is made up of several dozen impressive specimens that represent the diversity of pocket watches, ranging from an Ilbery enamel for the Chinese market to a one-off Audemars Piguet grand complication to a Patek Philippe world time with a cloisonné dial. A timeline on the walls of the exhibition charts the development of watchmaking Most of the watches on show belong to Ali Nael, an oil trader who switched careers to found 2ToneVintage. Consequently, a good portion of the exhibition reflects his taste in timepieces – many of the timepieces are mid 20th century watches with elegant two-tone dials in champagne or pink gold. Examples from the early- to mid-20th century dominate the exhibition, with Patek Philippe being the most numerous. The watches largely fall into two categories: simple, time-only watches with delicate details or enamelling, and the highly complicated. Time-only The time-only examples include the Patek Philippe ref. 650 “Flying Saucer” – named after its wide, flat bezel – from 1937 that has a handsome. two-tone contrasting dial. And standing out against the classical style of ...

Business News: Watchbox Takes Majority Stake in De Bethune [Updated] SJX Watches
Ulysse Nardin who’s now Aug 31, 2021

Business News: Watchbox Takes Majority Stake in De Bethune [Updated]

Watchbox, one of the world’s largest retailers of pre-owned watches, has just announced that it’s taken a majority stake in De Bethune, an independent watchmaker that’s recently enjoying a revival in its fortunes. The deal closed on August 31, according to Patrik Hoffmann, the former chief executive of Ulysse Nardin who’s now the head of Watchbox Switzerland. According to Mr Hoffmann, De Bethune now has just four shareholders, down from a dozen or so previously, with Watchbox holding the largest stake. While Watchbox now has board representation, its investment is largely passive says Mr Hoffmann. Both of De Bethune’s key men will remain in their equity stakes as well as management roles: Pierre Jacques as chief executive and cofounder Denis Flageollet as its technical and watchmaking head. And Mr Hoffmann adds will be no change in terms of De Bethune’s products. “Denis sees the brand DNA so clearly,” continues Mr Hoffmann, “So it would be a big mistake to change that… [since] few brands have the same clearly-defined DNA.” The road from 2002 As the saying goes, history doesn’t repeat itself, but it rhymes. De Bethune was originally cofounded in 2002 by a vintage watch dealer active in the late 20th century, Davide Zanetta, a truly original character who was legendary in his time. Mr Zanetta sold his majority share of the brand in 2017 after many years of losses. One of the investors who bought into the brand in 2017 was Steven Rostovsky, a pre-own...

Interview: Akio Naito, President of Seiko Watch Corporation SJX Watches
Grand Seiko which has enjoyed notably Aug 27, 2021

Interview: Akio Naito, President of Seiko Watch Corporation

An all-encompassing brand that has something for everyone, Seiko is a 140-year-old brand with a dozen or so lines spanning the price spectrum. Its flagship brand is, of course, Grand Seiko, which has enjoyed notably strong growth outside of Japan after being spun off in 2017. Now we speak with the man who was a key part of this international expansion: Akio Naito. Appointed President of the Seiko Watch Corporation (SWC) earlier this year, Mr Naito now runs the primary watch business of the Seiko group, having climbed the ranks over a four-decade career. He has held roles across various Seiko companies around the world – one of his earliest managerial roles was head of Seiko Australia starting 2002 – and was most recently deputy chief operating officer of SWC. In that role, he was responsible for international sales and marketing. It was during his tenure that Seiko brands enjoyed notably strong growth outside of Japan, most notably with Grand Seiko in America and Europe – two key markets he personally oversaw. Our founder SJX sat down with Mr Naito recently to discuss his plans for Seiko and Grand Seiko, while also touching on topics like complicated watches and the future of watch fairs. The interview has been edited for clarity and length. Mr Naito with Wako’s famous clocktower behind him SJX: I first visited Seiko’s factories in Shiojiri and Shizukuishi 10 or 12 years ago. I like to congratulate you on how the brand has developed in that time, especially Gra...

Business News: Richemont Sales Recover in Third Quarter SJX Watches
Panerai Jan 20, 2021

Business News: Richemont Sales Recover in Third Quarter

In the third quarter of its financial year – the three months to end-December 2020 – Richemont reported a modest recovery, with sales rising 5% over the same period a year before at constant exchange rates. This modest recovery was enough to moderate its results for the nine months to date, with revenue for the period down 14%, as compared to the drastic 38% plunge in sales for the first half of the year. Owners of over two dozen watch and jewellery brands including Cartier, IWC, and Panerai, the Swiss luxury conglomerate was buoyed by robust demand in Asia, its biggest regional market, as well as the Middle East and Africa. Combined, the two regions make up approximately half of Richemont’s global sales. The Asia Pacific enjoyed a 25% rise in sales, driven largely by exceptional demand in mainland China, where revenue rose an impressive 80% for the period, with sales in Taiwan also seeing a marked 29% increase – both consequence of a return to regular economic activity as the pandemic was brought under control, and the inability to travel and shop overseas. Paradoxically, the results in the Middle East were driven by a revival of tourist spending in Dubai as flights resumed, and domestic spending in Saudi Arabia where citizens cannot easily go abroad. This contributed towards a remarkable 27% increase in sales for the region. Elsewhere, sales too rose, albeit in smaller, single-digit increments. Bolstered by domestic demand, sales in the Americas rose by 3%. Jap...