Hodinkee
Business News: Watch Industry Braces For Historic Downturn
Q1 was bad. Q2 will be brutal, as Swiss watch production and sales come to "a standstill."
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Hodinkee
Q1 was bad. Q2 will be brutal, as Swiss watch production and sales come to "a standstill."
SJX Watches
First scheduled for April 2020 to coincide with the twin events Baselworld and Watches & Wonders – how the world of watch fairs changed since then – Geneva Watch Days was postponed to August 2020 after life was halted by the COVID-19 pandemic. But now the event has been confirmed for late August 2020, making it the only “multi-brand watch event in Switzerland” according to its organisers. With eight brands taking part, and perhaps more to come, Geneva Watch Days will be made up of a series of separate events across Geneva – with the central reception desk at the lakeside Four Seasons Hotel – with each brand essentially doing its own thing. Only a handful of evening events will see all the attendees gather, but only as far as Swiss government’s public health regulations allow. But in many respects the event aims to be similar to Baselworld, being catered for the trade – namely retailers and press – rather than the public. Visitors have to register in advance, as well as make appointments with brands to see the latest watches. Bulgari, Breitling, De Bethune, Gerald Genta, Girard-Perregaux, H. Moser & Cie., MB&F;, Ulysse Nardin, and Urwerk have all confirmed their participation at Geneva Watch Days. The event will take place August 26-29, 2020, at various locations across Geneva. To register as an attendee, visit Gva-watch-days.com.
Deployant
Breaking News: Geneva Watch Days will take place from August 26th to 29th. Luxury maisons taking part: Bvlgari, Breitling, De Bethune, Gerald Genta, Girard-Perregaux, H. Moser & Cie, MB&F;, Ulysse Nardin and Urwerk.
Time+Tide
There’s a watch out there that could genuinely change your life. It could make you happier, healthier and more successful. It could help you regain a sense of control in these messed-up times and add some much-needed pep to your step. The best part? You can pick one up here (no longer available) for the … ContinuedThe post This is the world’s most inspiring watch. It costs $150 and belongs to “the scariest Navy SEAL imaginable” appeared first on Time+Tide Watches.
Time+Tide
“Is that what I think it is?” asked Aldis Hodge, Hollywood actor and horological designer, as I sat down for breakfast one morning at Dubai Watch Week 2019. “Yep,” I replied. “It’s an old Raketa Copernic; I picked it up last year.” “Nice, man. I’ve got one of those too,” he said. I had already … ContinuedThe post EVERY WATCH TELLS A STORY: Why Nick’s Raketa Copernic is the ultimate quirky flex to impress collectors appeared first on Time+Tide Watches.
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Deployant
Bamford Watch Department & Black Badger unveil their latest collaboration. The BWD X Badgerworks TAG Heuer Carrera Calibre 5 with Tropical Coffee Dial.
SJX Watches
Having just announced its full-year results while predicting a gloomy outlook for the business, Richemont has successful placed €2 billion of bonds, with coupon ranging from 0.75% for the 8-year note to 1.625% for the 20-year note. The bond placement boosts the Swiss luxury group’s robust balance sheet, which had a gross cash position of €6.34 billion and a net cash position of €2.40 billion at the end of March 31, 2020. The notes received an A+ rating from credit ratings agency S&P;, which also lowered its outlook for Richemont from stable to negative, “citing the possibility of a downgrade if the coronavirus pandemic causes the company’s credit metrics to worsen”. Widely regarded as a savvy investor who transformed his family’s tobaccco-and-banking empire into an even larger one focused the “hard” luxury of watches and jewellery, Mr Rupert’s belief in the severity of the pandemic-induced recession is obvious. That, in turn, does not bode well for the luxury watch business. Richemont’s biggest earner is Cartier – the jewellery division is half the group’s turnover – it also owns a host of luxury watch brands, including A. Lange & Söhne, IWC, and Panerai, which make up about 20% of its sales. During Richemont’s earning conference call on May 15, Mr Rupert explained the bond issue: “We have always believed in protecting our balance sheet… For years, a lot of investment banks questioned us about that it’s a lazy balance sheet. But h...
Hodinkee
An inside look at the modern manufacture of a watch icon.
Quill & Pad
Claude Greisler, co-founder and technical director of Armin Strom, talks resonance for the layperson with watch collector Michael J. Biercuk, professor of quantum physics and technology at the University of Sydney and CEO and founder of Q-CTRL.
Time+Tide
“Thanks for the emails Andrew,” the email from Steve begins. “All watch info is appreciated in these boring times.” And these boring times are certainly reaching peak levels for poor Steve. The email continues: “I recently spent a couple of days spreadsheeting my watches. I thought there might be a template on the net somewhere … ContinuedThe post Steve wants help with a spreadsheet template for his watch collection, and because it’s a pandemic, we’re doing a call out appeared first on Time+Tide Watches.
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Hodinkee
The Silicon Valley star is a watch guy.
Time+Tide
A helium release valve will never stop confusing people. What does it do? How does it work? Do I need one when snorkelling, or free-diving on holiday? The answer to that last question is a firm no, and, to prove it, DOXA have reinvented their own 1969 SUB 300T - the first consumer-grade dive watch … ContinuedThe post IN-DEPTH: The DOXA SUB 300T, the dive watch icon that takes you 1200m deep for less than $2000USD appeared first on Time+Tide Watches.
Hodinkee
Can a watch from the past show us a path to the future?
Two Broke Watch Snobs
This week the guys are digging into one of the more pervasive perils of watch collecting out there: watch jargon. All too often we just nod our heads to watch terms that brands and other collectors fling about.
Time+Tide
As a journalist, you strive for a long-form commission. A piece to stretch your legs. That you can properly research. That your audience will be forced to create quality time to imbibe. I was reminded of this recently when Josh Shanks from our friends at Watchonista posted a shout-out to the greatest long-form piece of … ContinuedThe post RECOMMENDED READING: Wei Koh’s 8000-word watch review is peak pandemic, and we can get behind it appeared first on Time+Tide Watches.
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Quill & Pad
Last year, Colin Alexander Smith's mother showed him a silver pocket watch. All she could tell him about it was that it had belonged to his grandfather. The watch appeared to be older than his grandfather, though, and he embarked upon a quest to identify it and discover the original owner. The story took a few interesting turns as he reveals here in a truly interesting trace of the origins.
Time+Tide
Hugh has told the story of his customised Jaeger-LeCoultre Reverso on Time+Tide before. The tale had such an enthusiastic response from fellow Reverso wearers keen to have their own crests engraved on their watches that we invited Hugh back to tell it again on camera. The appeal of the Reverso is manifold. There is the … ContinuedThe post EVERY WATCH TELLS A STORY: Hugh flips his Reverso to the family crest side on the weekends, and the reason is interesting… appeared first on Time+Tide Watches.
Time+Tide
Ring the bell, Celebrity Watch Death Match is back for another round of mayhem, and this time we’re squaring off two of Tinseltown’s most talented anchors, both of whom demonstrate an aficionado’s taste in timepieces – Ellen DeGeneres and Trevor Noah. These talk show hosts are known for interviewing some of the world’s biggest celebrities … ContinuedThe post CELEBRITY WATCH DEATH MATCH: Ellen DeGeneres Vs. Trevor Noah, a toe-to-toe bout inc. Rolex, AP and Patek appeared first on Time+Tide Watches.
Two Broke Watch Snobs
10 watch books that would be welcome on every collector's book shelf (or coffee table) - TBWS Contributor Damon shares all the info you need.
Time+Tide
Spousal approval for watch purchases is a thing. Plain and simple. It’s also, we should add to be responsible, the sign of a healthy and balanced relationship. You want a new watch? You’re going to draw from shared funds to buy it? It’s right and fair that you get the green light from your partner … ContinuedThe post Undone have released their first ladies watch, the Urban Killy 34mm, and it may be a $330AUD key to your next spousal approval appeared first on Time+Tide Watches.
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Two Broke Watch Snobs
Typically, when I hold a new watch, the first thing I notice is the dial. Upon picking up the Seaborne, however, I was more distracted by the sheer weight of it all. This is one heavy piece of steel!
Time+Tide
We often hear that mechanical watches last forever when given the love and attention they require. That’s part of the reason why they can command such high price tags, and even more in the long run when you factor in a service every five years, give or take. But really, we all know that a … ContinuedThe post INTRODUCING: The Panerai Luminor Marina PAM01117, a watch guaranteed to last for the full term of your natural life appeared first on Time+Tide Watches.
Two Broke Watch Snobs
Where “Guilty Pleasure” watches are loved with a sense of guilt, the “F*uck You” watch is loved loud and proud. What's your "F*ck You" watch?
Quill & Pad
Many watches hold a special significance for their owners: some may be a powerful emotional reminder of an esteemed person, place or event, while others the long-searched-for keystone in a valued collection. There are watches that generate a smile just by thinking about them and a few have even changed lives. Ian Skellern shares the story of a watch that changed his life.
Time+Tide
The story of the Portugieser begins with two businessmen from, you guessed it, Portugal. They went to IWC asking for a watch as accurate as a marine chronometer but could be worn on the wrist, something that hadn’t been done before by the brand. The only way the Schaffhausen-based manufacturer could meet the brief was … ContinuedThe post INTRODUCING: The IWC Portugieser Automatic 40, a new contender for the ultimate ‘one watch’ appeared first on Time+Tide Watches.
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