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Results for ETA 2892-A2

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The Golden Age Of Rolex Movements: 4-Part Series Looking At Breakthroughs, Golden Years, And Predictions For The Future Of The World’s Most Iconic Watch Brand Quill & Pad
Rolex Movements 4-Part Series Looking Aug 17, 2020

The Golden Age Of Rolex Movements: 4-Part Series Looking At Breakthroughs, Golden Years, And Predictions For The Future Of The World’s Most Iconic Watch Brand

In 2019 we ran an interesting four-part series by Tim Mosso of Watchbox fame detailing the history, present, and future of Rolex movements. Tim put hours and hours’ worth of research into this oeuvre, and now, as we settle into a slow, post-lockdown summer, we thought it well worth drawing your attention to this series in case you missed it first time round. Enjoy!

VIDEO: The Grand Seiko Hi-Beat GMT SBGJ237 & SBGJ239 are two of the boldest, and best looking steel sports watches of 2020 Time+Tide
Grand Seiko Hi-Beat GMT SBGJ237 & Aug 15, 2020

VIDEO: The Grand Seiko Hi-Beat GMT SBGJ237 & SBGJ239 are two of the boldest, and best looking steel sports watches of 2020

Editor’s note: When I first saw this video in the middle of last week, I hit the team WhatsApp message thread with a vengeance. Omitting some more colourful language, the gist was: “I am mind blown by these GMTs, they can’t possibly look as good in the metal as they do in this video?” Both … ContinuedThe post VIDEO: The Grand Seiko Hi-Beat GMT SBGJ237 & SBGJ239 are two of the boldest, and best looking steel sports watches of 2020 appeared first on Time+Tide Watches.

Announcing the SJX Horological Anthology Volume I – Tudor [CLOSED] SJX Watches
Tudor [CLOSED] I am happy Aug 14, 2020

Announcing the SJX Horological Anthology Volume I – Tudor [CLOSED]

I am happy to announce Volume I of A Horological Anthology by SJX is finally complete. As some of you would know from a couple of hints on Instagram, I’ve been working on the first-ever print publication by SJX – a book dedicated to Tudor. A project that began in late 2018, Volume I is a hardbound volume that delves into Tudor’s history, notable timepieces, and most crucially – the a detailed look at the brand’s factory in Geneva. [All copies are gone. Thank you for the overwhelming interest.] Behind the curtain Tudor caught my attention long before the project began, specifically in 2010 when the Heritage Chronograph was launched. Before that, for as long as I could remember, the brand offered solid watches with little allure. But the Heritage Chronograph marked a turning point for Tudor, which then embarked on a gradual but radical transformation into something entirely more exciting. But more significant than the smartly retro designs – especially for me as an industry observer – was the brand’s shift to proprietary movements (which are now produced by Tudor-owned specialist Kenissi) without upping prices much. That remains pretty much an unrivalled accomplishment in the industry. How did Tudor do it? The answer was the starting point of Volume I, which involved several visits to Tudor in Geneva, giving me a fascinating peek into the brand’s watchmaking facility and archives. I came away deeply impressed by the extreme attention to quality in every...

Up Close: Nomos Orion Hand-Wind SJX Watches
Seiko Aug 13, 2020

Up Close: Nomos Orion Hand-Wind

Deciding on an entry-level watch is exciting, but also confusing, especially for a first-time buyer. It’s often a problem of too many choices. Competition is strong in the segment, with the usual suspects like Seiko and Nomos, but also newly-established “micro brands” all competing in the same space. One of the standouts in terms of value, however, is the Nomos Orion, which combines aesthetics and functionality in a clean, approachable package. Old school of design The simplicity of its design means the Orion has aged surprisingly well.  It doesn’t look it, but the Orion is almost 30 years old – Nomos introduced the model in 1992, two years after the brand was established. The Orion still looks modern today – evidence of its durable design. The Orion is refreshing in its simplicity, instant legibility, and charming typography, all accented by subtle but quirky details like the minute track. The success of the design can be attributed to its philosophical inspiration, Deutscher Werkbund. Although Nomos watches are often described as being Bauhaus-inspired, they are actually designed according to the philosophy of the Deutscher Werkbund. A community founded in 1907, Deutscher Werkbund’s goal was to revolutionise industry and manufacturing in Germany by elevating the artistic and practical elements in products to make the easier to mass produce. Strongly influential in early 20th century industrial design, the movement later gave birth to Bauhaus, the better-...

Up Close: G-Shock Dream Project ‘Pure Gold’ in 18k Yellow Gold SJX Watches
Casio has been Aug 10, 2020

Up Close: G-Shock Dream Project ‘Pure Gold’ in 18k Yellow Gold

Casio has been on a roll with the G-Shock Full Metal, which is essentially the original G-Shock DW-5000 of 1983 but reproduced in steel or titanium with a matching metal bracelet. Originally launched in gold-plated steel, the Full Metal has since been iterated endlessly – from titanium to “grid” to steel to aged gunmetal – making the concept a little less interesting because there are now so many variants. And then there is the G-Shock Dream Project “Pure Gold”, the most expensive G-Shock ever made, executed entirely in 18k gold, from screws to clasp. A watch that took over a decade to materialise, the idea for a solid-gold G-Shock originated in 2007 with the founder of Japanese watch retailer Eye Eye Isuzu, Yasuyuki Iima, who wanted “a symbolic product for the iconic digital wristwatch born in Japan”. Mr Iima’s suggestion was the genesis of the “Dream Project” of G-Shock inventor Kikuo Ibe. And when the solid-gold G-Shock was finally delivered in late 2019, Mr Iima received the very first example. One example of the Dream Project was delivered to Singapore – you’ll find the arrival and unboxing here – and I got to examine it up close. Initial thoughts The Dream Project is a magnificent and preposterous watch that costs US$70,000 – an iconic watch executed in a ridiculously over-the-top manner, akin to installing the W16 engine from the Bugatti Chiron in a Volkswagen Beetle. And that makes it cool. Dense, shiny, and very gold, the Dream Pro...

Ming Introduces the Diver 18.01 H41 SJX Watches
Ming Aug 7, 2020

Ming Introduces the Diver 18.01 H41

Having already developed a dive watch last year – the small batch of prototypes were then sold – Ming refined the original design to create its first regular-production dive watch, the 18.01 H41. Rated to 1,000 m, or 3,280 ft, the 18.01 H41 retains the look of the prototype diver, and is in the typical Ming style, with clean lines and geometric shapes. The diver is offered in two case styles: natural-finish or DLC-coated titanium. The former is available with either a rubber strap or metal bracelet, while the DLC-coated version is only available on a rubber strap. Notably, the titanium bracelet can be retrofitted to any Ming watch to date, and is available separately. Initial thoughts While the 18.01 is a typical dive watch in that it has a rotating bezel, its look diverges from the pool (no pun intended), thanks to Ming’s easily identifiable and consistent styling cues. It manages to preserve the brand’s aesthetics while doing what a dive watch should do, and then some. At 40 mm wide, the 18.01 is the same size as the prototype and the largest Ming watch to date – the average is 38 mm -, no doubt partly in response to customer demand for a larger watch. That said, the brand managed to slim down the case to 12.9 mm, unusually svelte proportions for a watch with 1,000 m water resistance. The 18.01 is priced at about US$3,000. Competition is strong in that segment of dive watches, especially since the 18.01 is more expensive than many ETA-powered dive watches, l...

VIDEO: The Rado Captain Cook bronze collection review, with blue, green and brown dials Time+Tide
Rado Captain Cook bronze collection Aug 4, 2020

VIDEO: The Rado Captain Cook bronze collection review, with blue, green and brown dials

By now, you should be familiar with the Rado Captain Cook collection, inspired by a historical Rado reference from the golden age of dive watches. This year, the collection has launched three new references, announcing the Rado Captain Cook bronze for the first time ever. This warmly toned coloured metal complements the already vibrant array … ContinuedThe post VIDEO: The Rado Captain Cook bronze collection review, with blue, green and brown dials appeared first on Time+Tide Watches.

Pandemic Truths – Shellman’s Yasuhiro Kojima SJX Watches
Aug 3, 2020

Pandemic Truths – Shellman’s Yasuhiro Kojima

One of the world’s most venerable retailers of vintage timepieces and independent watchmaking, Shellman in Ginza (pictured above) has long been a destination for horologically-inclined visitors to Tokyo. Shellman was founded in 1971 by Yoshi Isogai – the company name is a play on his last name, which loosely translates as “beach shellfish” – and is probably best known as the Japanese agent for Philippe Dufour and selling over half of the 200 first-run Simplicity watches. Two years ago Shellman was acquired by Komehyo, a publicly-listed merchant that has taken the business of selling pre-owned luxury goods to a whole new level with spacious, sharply-appointed stores offering items in stellar condition. Shellman is now the specialist-watch retail division of Komehyo, with six stores in Tokyo – including outposts in the city’s most prestigious department stores – and a diverse stable of independent watch brands, including Atelier de Chronometrie, Habring2, and Kudoke. It’s run by Yasuhiro Kojima, a 15-year veteran of Komehyo’s watch department who joined Shellman shortly after the acquisition. We caught up with Mr Kojima recently to discuss the state of the business, especially in light of the pandemic. Yasuhiro Kojima. Photo – Shellman The interview has been edited for clarity and length. What does your reopening look like? We take basic measures such as hand sanitisation before entering the store, measuring body temperature when entering the store, i...

The Trademark Battle Over the IWC “Fish” Crown SJX Watches
IWC Fish” Crown One Jul 31, 2020

The Trademark Battle Over the IWC “Fish” Crown

One of the details in the recent IWC Big Pilot’s Watch Edition Black Carbon that appealed to IWC collectors was the revival of the “fish” crown – an emblem used by the brand from the 1950s to the mid-2000s to indicate a water-resistant watch. In fact, the fish logo is significant enough that it is found not only on the crown of the new Big Pilot, but also in relief on the case back (pictured above). Fondly remembered by enthusiasts, the discreet “fish” was eventually replaced by the more brand-centric “Probus Scafusia” emblem, one of the official IWC logos. Behind the comeback of the “fish” is a little-known and rather amusing trademark battle that took place in Swiss courts and was reported on last year by FPC Review, a blog specialising in Swiss patent issues. The IWC fish logo was first registered by Richemont on July 22, 2016, but the Swiss Federal Institute of Intellectual Property (IGE, or sometimes by its French acronym IPI) rejected the registration due to the logo’s resemblance to the ichthys, a fish-like symbol with used in Christianity. The court reasoned that “the commercial use of the sign is likely to violate the religious sentiment of an average Christian”. Ichthys – derived from ιχθυς, which is Greek for “fish” – is an acrostic that spells out “Iesous Christos, Theou Yios, Soter”, or “Jesus Christ, Son of God, Saviour”. Early Christians in the second and third century AD used the ichthys, essentially a two-...

MB&F; and Massena Lab Introduce the T-Rex Bronze SJX Watches
Massena Lab Introduce Jul 30, 2020

MB&F; and Massena Lab Introduce the T-Rex Bronze

Massena Lab was founded by watch industry veteran William Rohr – who is better known by the pseudonym William Massena – in 2018, with the purpose of collaborating with notable independent watchmakers, and perhaps one day make its own watches. Having made its debut with Habring2 , Massena Lab has just announced the T-Rex Bronze, a 15-piece variant of the quirky MB&F; table clock launched last year. Best described as a hand-blown Murano glass eyeball inside a bronze socket with legs, the T-Rex is made by L’Epee 1839, who is also responsible for all of MB&F;’s other clocks. Initial thoughts The T-Rex is an offbeat, statement piece for the desk, but powered by old-school mechanics – a key-wound, eight-day movement made by L’Epee 1839, a clockmaker founded in, well, 1839. That blend of contemporary creative and classic mechanics makes it cool. But the Massena Lab edition is a departure from the usual MB&F; clock style, which is dominated by metallic silver or black, resulting in a highly mechanical look. The Massena Lab T-Rex replaces the steel of the original version for frosted bronze and “aged” feet, giving the clock a striking, steampunk aesthetic. Permanent patina Standing a little under 27 cm high, the T-Rex weighs about 2 kg. According to MB&F; founder Maximilian Büsser, the form was inspired by a bipedal Christmas ornament on his desk. Freelance watch designer Maximilian Maertens then created the clock, relying on images of an actual Tyrannosaurus Rex to d...

Up Close: Patek Philippe Ref. 5370P-011 Split-Seconds Chronograph SJX Watches
Patek Philippe Ref 5370P-011 Split-Seconds Chronograph Jul 28, 2020

Up Close: Patek Philippe Ref. 5370P-011 Split-Seconds Chronograph

With Baselworld 2020 cancelled and then some, Patek Philippe has been progressively rolling out its new launches, including a trio of “Grand Complications” in mid July (and hints of a brand-new complication at the end of the year). All three new complications are variants of existing models, with the crowd favourite being the Ref. 5370P-011 Split-Seconds Chronograph. The new ref. 5370P-011 has a blue grand feu enamel dial and replaces the original, black-dial model that made its debut in 2015 as the ref. 5370P-001. The ref. 5370P-011 The cal. CHR 29-535 PS Initial thoughts The only thing new about this version of the ref. 5370 versus the first-generation model is the colour of the enamel dial. So everything that was good about the original model (classical design, dial and case quality, movement aesthetics), remain good. Needless to say, so do the weaknesses (mismatched finish on seconds hand, details of movement decoration). The balance assembly Though not a dress watch, the original ref. 5370 was dressed in black-tie colours of black and silver that gave it a stately bearing, but also a slightly old-fashioned feel. With the enamel dial in blue – it’s a gentle, muted blue – the new ref. 5370 looks more modern and casual, which is a good thing if you’re looking for something less formal. The outside Though a large 41 mm in diameter, the case of the ref. 5370 reproduces the proportions of the ref. 1436, a split-seconds chronograph that was in production from ...

INTRODUCING: The Octo Roma Tourbillon Sapphire Malachite Ref. 103231 is where Bulgari’s two worlds meet Time+Tide
Bulgari s two worlds meet Jul 28, 2020

INTRODUCING: The Octo Roma Tourbillon Sapphire Malachite Ref. 103231 is where Bulgari’s two worlds meet

Bulgari has, for more than a century, been regarded as one of the finest luxury jewellery makers on this blue marble we call earth. Their expertise, attention to detail, passion and visionary design has resulted in some of the most stunning pieces of jewellery and objet d’art imaginable. As such, throughout the 20th century, the … ContinuedThe post INTRODUCING: The Octo Roma Tourbillon Sapphire Malachite Ref. 103231 is where Bulgari’s two worlds meet appeared first on Time+Tide Watches.

Tudor Introduces the Royal (Including the Royal Day-Date) SJX Watches
Tudor Introduces Jul 28, 2020

Tudor Introduces the Royal (Including the Royal Day-Date)

Not long after Tudor unveiled the Black Bay Fifty-Eight Navy Blue – a well priced and solid albeit slightly predictable launch – the brand quietly announced something more surprising – the Tudor Royal. Initially available only in four Asian markets, but now available worldwide starting November 2020, the Royal revives a model name last used several decades ago and applies it to an affordable watch with an integrated bracelet that has a retro, 1970s feel. Initial thoughts The Royal successfully combines various elements from past Tudor watches, with the exception of the dial, which looks a bit uninspired. The integrated bracelet and case brings to mind models of the 1970s, like the Tudor Ranger for instance, while the alternating fluted-and-polished bezel has been used on various models, including the fairly recent Tudor Classic. But the dial is plain, though it was likely designed to appeal to an audience that wants an obviously classical dial with Roman numerals. I would have liked it with a more modern dial, but nevertheless the value proposition is clear. For someone who wants a solid watch that doesn’t look like a diving instrument, the Royal is an excellent buy. With the base model priced a bit over US$2,000, the Royal is – like nearly all Tudor watches – excellent value for money given the high level of fit and finish of the external parts, which are likely the best in the price range. The movements inside are either Sellita or ETA calibres, which are no...

Linde Werdelin Introduces the Oktopus MoonLite SJX Watches
Audemars Piguet Royal Oak Concept Though Jul 25, 2020

Linde Werdelin Introduces the Oktopus MoonLite

One of the most established newer brands in the sports watch space, Linde Werdelin was founded 14 years ago and made its name with mechanical watches featuring a removable digital module with dedicated functions for activities like diving and climbing. Now entirely focused on purely mechanical watches, the brand’s latest is a dive watch with an unusual complication – the limited-edition Oktopus MoonLite. Based on the existing Oktopus Moon, the MoonLite is distinguished by the case material, which is made of Alloy Linde Werdelin. Initial thoughts The Oktopus MoonLite is very much in the usual Linde Werdelin style, which is a futuristic, aggressive look that brings to mind watches like the Grand Seiko SBGA405 Godzilla 65th Anniversary and Audemars Piguet Royal Oak Concept. Though large at 44 mm wide, the watch will no doubt be light thanks to the case material. And the color of the case goes exceptionally well with that of the dial, which results in an avant-garde watch that is also the most legible of the Oktopus Moon models to date. Priced at a little over US$14,000 – quite a lot of money for what it is – the Oktopus MoonLite perhaps justifiably priced considering the limited production and proprietary case material. Nonetheless, the bold styling and “indie” status of Linde Werdelin make the MoonLite an unusual proposition – an oversized, contemporary sports watch from an independent brand, which will appeal to collectors who enjoy luxury-sports watch...

Panerai Introduces the Luminor Blu Mare 44 mm PAM01085 SJX Watches
Panerai Introduces Jul 20, 2020

Panerai Introduces the Luminor Blu Mare 44 mm PAM01085

Perhaps the most recognisable Panerai is the Luminor Marina 44 mm. A modern-day creation inspired by a vintage military-issue watch, the Luminor Marina was introduced in 1993, and a decade later became one of the watches that kickstarted the fashion for bigger watches. While the Luminor Marina was historically all about black dials for a no-nonsense military look, Panerai has been injected more colour into the line up for a civilian-friendly style. The new Luminor Blu Mare 44 mm PAM01085 – blu mare translate as “blue sea” – retains the traditional design codes of the Luminor plus a fashionable blue dial. Initial thoughts While earlier Luminor models like the PAM1663 and the PAM1033 have had blue dials, but the new Luminor is arguably the cleanest, harking back to the entry-level Luminor Marina “Logo” of about a decade ago. The blue is metallic, subdued and finished with a radial-brushed finish that’ll definitely catch the light nicely. A colour that’s been in vogue for a couple of years, the blue dial gives the Luminor Blu Mare a slightly more elegant and contemporary feel than the typical Panerai, a useful quality for someone who likes the functional Panerai design but prefers lighter colour palette. The design, however, is strictly traditional. With the vintage originals designed as functional instruments for navy frogmen of the Second World War, the new Luminor is expectedly utilitarian, with large, eminently simple hands and indices – very much the ...

Glashütte Original Introduces the PanoLunarTourbillon Limited Edition SJX Watches
Glashütte Original Introduces Jul 17, 2020

Glashütte Original Introduces the PanoLunarTourbillon Limited Edition

Contemporary yet traditional, the Pano collection has been a staple of Glashütte Original’s offerings. The latest Pano wristwatch is a departure from the line’s typically clean styling – the PanoLunarTourbillon Limited Edition. Limited to 25 watches with a platinum case, the new watch is a variant the standard tourbillon model, dressed up with impeccable engraving on the dial and movement. Initial thoughts With hand-engraved filigree decoration across the dial (and movement, this is easily one of the most attractive in the Pano collection, more so than the standard PanoLunarTourbillon. Similar to the decoration usually found only on the balance cock of Glashütte Original movements, the engraving is made up of pronounced lines and a complex pattern, giving the watch a markedly different character from the standard model. The hand engraving was executed in Glashütte Original’s dial factory in Pforzheim And the look is further enhanced by the metallic blue of panorama date, hands, indices and moon phase, a blue-on-silver livery that provides a sharp and elegant contrast. While the look is elegantly ornate, it’s a big watch, clocking in at 40 mm wide and 13.10 mm tall, probably a bit too big for a watch of this style. The case size suits contemporary tastes, but something thinner and perhaps 38 mm in diameter would work better with the design. German aesthetic Underneath the decoration, the watch is identical to the standard PanoLunarTourbillon. It retains the a...

H. Moser & Cie. Introduces the Pioneer Centre Seconds Swiss Mad Red SJX Watches
H. Moser & Cie Introduces Jul 17, 2020

H. Moser & Cie. Introduces the Pioneer Centre Seconds Swiss Mad Red

H. Moser & Cie. debuted its inaugural sporty watch in 2015 with the Pioneer Centre Seconds (and followed up recently with the even more sporty Streamliner). Now Pioneer Centre Seconds Swiss Mad Red with a red fumé dial joins the line up. Both the colour and name are inspired by the original Swiss Mad watch of 2017, which took its colours from the Swiss national flag. Initial thoughts As is typical of Moser’s fumé finish, the dial is immediately gripping. The graduated, smoked finish results in a colour that varies in shade depending on lighting and perspective, which adds a lot of visual appeal. Though graduated-colour dials were not invented by Moser, it has become synonymous with the brand. Moser has presented fumé dials in green and many shades of blue, but bold red finish is perhaps the most enticing to date. Although the Pioneer is technically a sports watch, the elegant styling of the dial does not translate well onto such the large, almost-43 mm case, which definitely wears and looks large on the wrist. I would have preferred a case of say, 38 mm, large enough to be a sports watch, while still complimenting the dial. Minimalism While the colour is striking, the watch itself is minimalist and no-frills in the usual Moser style, displaying only the time without any superfluous elements on the dial. Still, the dial manages to incorporate several details that add to the appeal, including faceted markers, open-worked hands, and luminous dots on the flange. De...

Up Close: De Bethune DB28XP SJX Watches
De Bethune DB28XP Despite being only Jul 16, 2020

Up Close: De Bethune DB28XP

Despite being only 18 years old, De Bethune has managed to create a surprisingly large number of unique and emblematic case designs, along with a slew of complications and movement innovations. But its signature case design is probably the DB28, a large, thin watch with a pair of sprung, pivoted lugs. For the 10th anniversary of the DB28, De Bethune has slimmed it down to create the DB28XP. Significantly thinner and slightly more wearable, the DB28XP is still instantly recognisable for what it is. Dial detail of the DB28XP Starry Sky Initial thoughts The DB28XP is a smartly conceived watch because it manages to capture everything that made the DB28 special, except in a thinner case that feels more refined and is clearly more elegant. The original DB28 wasn’t excessively thick, but the DB28XP is substantially thinner, thin enough it feels a little like a sci-fi dress watch. The DB28XP wears sleek and light, with the “floating” lugs hugging the wrist comfortably, while the aesthetic is clearly quintessential De Bethune, which means polished or heat-blued titanium. And though it’s slimmer than the original, the DB28XP is still executed to the same level of quality, down to the smallest of details. The teeth of the barrel ratchet wheel of the movement are polished, for instance, while the hands are either polished titanium or pink gold, depending in the version. The original DB28 (top) and the DB28XP But the DB28XP is a little fancier than the original in design, with...

Seiko Introduces the Prospex LX Limited Edition SNR045 Spring Drive Diver SJX Watches
Seiko Introduces Jul 15, 2020

Seiko Introduces the Prospex LX Limited Edition SNR045 Spring Drive Diver

Launched at Baselworld last year, the Seiko Prospex LX is a series of solidly-engineered sports watches conceived for air, land and sea – and designed in collaboration with Ken Okuyama, once the Creative Director at Pininfarina and one of Japan’s most prolific car designers. Powered by Seiko’s trademark Spring Drive movement, the Prospex LX Limited Edition SNR045 retains the familiar design modelled on the Seiko 1968 Hi-beat Diver, but now dressed in green. The textured dial is inspired by an underwater forest of moss pillars – nicknamed “kokebozu”, or “moss child”, by Japanese scientists – located at the bottom of a lake in Antarctica’s Skarvsnes Foreland. The “kokebozu” moss pillars in Antarctica Initial thoughts With both its dial and glossy ceramic bezel in forest green, the watch is immediately striking – and reminiscent of well-known, hulking green dive watch. The all-green dive watch is fashionable now, and Seiko is one amongst a host of brands doing it, so the colour is not unique. But Seiko executes its watches well – quality is excellent inside and out – and excels in highly-functional dive watches that perform well in legibility and usability. That sets this apart from the competition. As a sucker for textured dials, the ribbed dial pattern – meant to evoke the aquatic moss pillars – is highly appealing. It adds depth and character to what is otherwise a no-nonsense “tool” watch. I am not a fan of the power reserve in...

Business News: Swatch Group Sales Plunge on Pandemic Closures SJX Watches
Longines had Jul 14, 2020

Business News: Swatch Group Sales Plunge on Pandemic Closures

Swiss watchmaking conglomerate Swatch Group just announced its half-year 2020 results and unsurprisingly, it took a huge hit due to the COVID-19 pandemic. Although the group, which owns brands like Omega and Longines, had a good start in January with an operating margin of 17.3% – with the watch and jewellery brands performing a bit better than movement- and component-production division – the lockdown progressively imposed across the world since February severely impacted sales, leading to a steep declines in revenue and half-year operating loss, a first for the group. Group sales for the first half plunged 43.4% at constant exchange rates from a year earlier, resulting in an operating loss of CHF327m, compared to a profit of CHF547m for the same period in 2019. Most of the drop in sales was attributed to the lockdowns in most countries, resulting in widespread store closures. The Swatch Group saw up to 80% of both its own boutiques and third-party retailers close, meaning it had to rely on partially “partially feasible” e-commerce. And even after lockdowns were lifted, the group permanently vacated some of its retail space, as evidenced by disputes with its former landlord in Hong Kong, which has sued the Swatch Group for several million in allegedly unpaid rent. Due to its swiftly-streamlining retail network, the group’s employee count was trimmed by 6.5% since December 2019 to approximately 33,700 employees. This was also confirmed by anecdotal evidence fro...

Richard Mille Introduces the RM 11-05 Automatic Flyback Chronograph GMT SJX Watches
Richard Mille Introduces Jul 13, 2020

Richard Mille Introduces the RM 11-05 Automatic Flyback Chronograph GMT

A star of contemporary watchmaking as a result of its consistent innovation in unusual, lightweight materials, Richard Mille watches have a unique style that is instantly recognisable. A bestseller that’s arguably the brand’s signature watch, the  RM 11 is large, technical-looking, and now in its fifth generation. The RM 11-05 Automatic Flyback Chronograph GMT is the latest to join the RM 11 line-up, which was first launched over a decade now but regularly face-lifted. Limited to 140 pieces and powered by the same RMAC3 calibre found in its predecessors, the RM 11-05 continues Richard Mille’s material-centric design with a case in grey cermet. Initial thoughts Richard Mille watches are unfailing bold, and often extravagant; the RM 11-05 sticks to that formula and is immediately identifiable. It is a modest, incremental change over earlier RM 11 variants, so it doesn’t offer substantial novelty. But for a fan of the brand and its trademark style, it is very much the traditional Richard Mille look and feel. Blending metal and ceramic The RM 11-05 is novel in its case material – surprising since the brand seems to have used every conceivable modern material – which is grey cermet case, a first for Richard Mille. A contraction of ceramic and metal, cermet is a composite of ceramic and metal alloy, resulting in a material that combines the properties of the two. Cermet is more commonly employed in  ballistic protection and aerospace components. Although the m...

Auction Watch: Unique Daytona “Zenith” Becomes Most Expensive Modern Rolex SJX Watches
Zenith Becomes Most Expensive Jul 11, 2020

Auction Watch: Unique Daytona “Zenith” Becomes Most Expensive Modern Rolex

Having just set the record for a modern Rolex wristwatch two years ago when a unique, platinum Daytona ref. 16516 with a Zenith movement sold for US$871,000, Sotheby’s broke its own record with yet another one-off Daytona in platinum that sold for HK$25,375,000, or about US$3.27 million, fees included. The Daytona became the most valuable modern Rolex despite having been relatively under the radar prior to the sale. While the platinum Daytona sold in 2018 was widely published in the press and social, today’s example was not covered by any of the key horological publications. And it was depicted with a bizarre turquoise leather strap in catalogue photos, though the strap was replaced with one in a neutral shade of tan during the preview exhibition. The famous five Both were part of a five-piece run of Zenith Daytona watches with platinum cases made at the request of former Rolex chief executive Patrick Heiniger in 1999. The late Heiniger reputedly kept one for himself, and gifted the others to key business partners. The watch sold in 2018 for instance was a wedding gift a member of the family that was a longtime Rolex retailer in Italy. All share the same model reference 16516, but each was unique in having a different dial made of an exotic or precious material. The example sold in 2018 had a dark mother of pearl dial, which was also found on the standard-production white gold Daytona of the period. In contrast, the platinum Daytona that just sold at Sotheby’s has a ...