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L’Epée 1839’s Surprising Imperial Hot Air Balloon Desk Clock SJX Watches
Louis Vuitton tapped L’Epée 1839 May 19, 2025

L’Epée 1839’s Surprising Imperial Hot Air Balloon Desk Clock

Swiss clock maker L’Epée 1839’s latest desk-bound timekeeper is the Imperial Hot Air Balloon, a unique piece that is uncharacteristically classical compared to the brand’s recent launches that have tended towards modernity. It’s essentially a highly decorated, elaborately styled variant of the no-frills Hot Air Balloon clock of 2018. L’Epée 1839 was absorbed into LVMH last year, and this shift towards more traditional clocks chimes with the luxury group’s focus on higher-end and artisanal watchmaking. Notably, Louis Vuitton tapped L’Epée 1839 for its own hot air ballon-shaped desk clock. Initial thoughts While most of L’Epée’s creations are undoubtedly interesting, blending sculptural mechanics with proprietary clock movements, the clockmaker was historically a maker of classically traditional mantlepiece clocks. Most of its creations from earlier decades were styled after carriage clock. While entirely sculptural in form, the Hot Air Balloon manages to look as it belongs to a bygone era of watchmaking. A métiers d’art creation, the unique piece is restrained and ornate, while being modern only in the way it displays the time. Otherwise, the miniature flying object would sit comfortably in a historical residence. Not to say that other L’Epée are not well executed, but their modern and structural constructions don’t usually allow for classic artisanal crafts to be put to good use. The Hot Air Ballon’s centrepiece is the blue enamelled surface...

Business News: Richemont First Quarter Results, Jewellery Faring Better Than Watches SJX Watches
Vacheron Constantin were singled out Jul 16, 2024

Business News: Richemont First Quarter Results, Jewellery Faring Better Than Watches

The first quarter results of Richemont, the Swiss luxury group that just announced a new chief executive, illustrate a well-established trend in the luxury goods industry, with the group’s jewellery brands outperforming its watchmakers in the three months to end June 2024. Dominated by Cartier and Van Cleef & Arpels, the Swiss group’s jewellery division eked out a 4% increase in sales, reflecting the strength of the group’s twin jewellery giants. Notably, the revenue growth was “supported by both jewellery and watches”, reflecting the brand equity of each jeweller has carried over into their respective watch offerings. The three jewellery brands – the smallest is Buccellati – accounted for 70% of Richemont’s turnover. Although profit was not announced, the jewellers are also responsible for an even greater share of the group’s profits. Watch weakness In contrast, the watch division saw revenue fall 13%. Amongst the division’s brands are IWC, Panerai, Piaget, and Jaeger-LeCoultre. Interestingly, A. Lange & Söhne and Vacheron Constantin were singled out for their “resilience”. Unsurprisingly, both are haute horlogerie brands that derive the highest proportion of revenue from in-house boutiques, as opposed to third-party retailers. Whether this resilience is durable is an open question, although odds are not in the brands’ favour given their respective product mix, sales strategies, and consumer sentiment. Only available at boutiques At a group leve...

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...

Business News: Richemont Fortifies Balance Sheet with €2 Billion Bond Sale SJX Watches
Panerai which make up about May 19, 2020

Business News: Richemont Fortifies Balance Sheet with €2 Billion Bond Sale

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...

Business News: LVMH Buys Tiffany & Co. for US$16.2 Billion SJX Watches
Louis Vuitton Nov 25, 2019

Business News: LVMH Buys Tiffany & Co. for US$16.2 Billion

After several weeks of negotiations, LVMH has sealed the deal to buy Tiffany & Co. in a US$16.2 billion, all-cash deal. Despite several years of listless growth and a declining share price – though its current management was in a midst of engineering a turnaround – Tiffany & Co. is the biggest acquisition ever in the luxury goods industry. The French luxury conglomerate, which owns Louis Vuitton and Christian Dior, is paying US$135 a share, about 35% above the last traded price before news of the takeover broke. With the acquisition of the storied American jeweller, LVMH strengthens its presence in the “hard” luxury business of jewellery and watches, a segment traditionally dominated by its Swiss rival Richemont, the owner of Cartier, Van Cleef & Arpels, and most recently, Buccellati. The addition of Tiffany’s to its 75-strong stable of brands, which includes watchmakers like Hublot and TAG Heuer, will also help LVMH grow its presence in China and the United States, where the jeweller’s baubles are popular. And the deal also means Tiffany’s well regarded chief executive, Alessandro Bogliolo, returns to LVMH, where he was once the chief operating officer at Bulgari.  

Highlights: Sotheby’s Hong Kong Fine Watches Online SJX Watches
Patek Philippe complications Jul 5, 2023

Highlights: Sotheby’s Hong Kong Fine Watches Online

The summer tends to be a quiet period in the watch world since most of Switzerland goes on holiday. However, Sotheby’s Hong Kong is staging one major event before the summer lull with an online sale running for just over a week. Fine Watches opens on July 5th and runs until the 14th featuring 272 lots ranging from Patek Philippe complications to simple time-only Cartier. We cover highlights from the sale below – the catalogue can be seen here – but before that we look at something special. Happening alongside the online auction is a sealed auction for an Patek Philippe Sky Moon Tourbillon ref. 5002P-013 with a custom-order black dial that runs online from July 13-21. The ref. 5002P once held the title of most complicated wristwatch Patek Philippe ever produced and remains a landmark in Patek Philippe watchmaking. Not only is this ref. 5002P possibly unique thanks to the striking black dial, it is also double sealed – in other words brand new. Since 2017 Patek Philippe has banned its retailers from selling sealed watches and so an double-sealed example of a special-order grand complication on the secondary market is rare. This double-dial complication offers an incredible opportunity to collectors, since the last time we saw this a sealed example of this reference at auction was back in 2018 at Antiquorum where it sold for just under US$1.2 million, and that was just single sealed. Prices have naturally climbed since then. In fact, this example mirrors the one that ...

Unholy Grail: Why the comically dated TAG Heuer S/el is a true guilty pleasure Time+Tide
TAG Heuer S/el Jan 21, 2023

Unholy Grail: Why the comically dated TAG Heuer S/el is a true guilty pleasure

No matter how tasteful your watch collection, no matter how stuffed your portfolio is with blue chip stocks like no-date Subs, pre-Moon Speedys, or the perfect Cartier Tank, there’s probably a black sheep lurking somewhere. Your questionable choices. Your dark secrets. The one that’s horribly out of fashion, objectively unattractive, or just plain bizarre. Be … ContinuedThe post Unholy Grail: Why the comically dated TAG Heuer S/el is a true guilty pleasure appeared first on Time+Tide Watches.

Bring a Loupe: A Cornavin Diver, A Patek 1593 "Hour Glass," An Audemars Piguet Royal Oak Square, And More Hodinkee
Vacheron Constantin 6394 May 1, 2026

Bring a Loupe: A Cornavin Diver, A Patek 1593 "Hour Glass," An Audemars Piguet Royal Oak Square, And More

Given that May 1st is celebrated as International Workers Day, it seems almost compulsory to reward yourself with a little mid-day Mayday watch ogling, right? Congrats, Baller, you've done it again. Happy Friday. Scorekeeping last week's picks: the Certina Argonaut chrono went for £1,620, the Vacheron Constantin 6394 for £7,400, the IWC Mark XII for £2,400, and the Cartier Coussin for CHF 42,000. Strays Everyone's encouraged to take a closer look at this, described as an "18k Vintage Vacheron Constantin Geneve Quartz Watch," and let's take a moment to collectively register the fact that, in the pictures, the second hand has clearly moved, so either a) the battery's still got some life in it after all (impressive!), or b) maybe it's not quartz. Mr. Hoffman wrote earlier this week about the Patek 5322G, "[a] chiming alarm in a mechanical watch today is a purely romantic complication that recalls an earlier era." While he presumably wasn't specifically referencing the LeCoultre Memovox, it's certainly what springs to mind when I think of the alarm watches from an earlier era, and if you've made it this far in life without one, here's a pricey way to address that lack.  Photo courtesy Precious Collections. Yes, the dial is imperfect, but look, if you're going to scare the bejesus out of yourself with an old mechanical alarm that sounds like a tattoo machine suddenly buzzing to life on your wrist, don't you owe it to yourself to do so with lots of gold? Finally, if you've w...

Watches & Wonders: Our Favorite Under the Radar Releases Worn & Wound
Chronoswiss Behrens Apr 29, 2026

Watches & Wonders: Our Favorite Under the Radar Releases

Part of the fun of Watches & Wonders (in fact, most of the fun of Watches & Wonders) is discovering things you didn’t expect to find, or that slip through the cracks and don’t get nearly the attention you think they should once you see them in person. Let’s face it: the event is dominated by a handful of huge brands that save their absolute best for the show. But for every Tudor, Cartier, and Rolex, there’s a Chronoswiss, Behrens, and Hautlence releasing incredibly impressive watches we simply don’t talk about enough.  Here, Zach Kazan and Zach Weiss recap some of their favorite watches at this year’s Watches & Wonders that slipped under the radar for one reason or another. If there’s a release you saw or read about from the show that you think isn’t getting its fair shake, let us know in the comments, we’d love to hear about it.  Zach Weiss Hautlence Kubera Hautlence isn’t a brand that does half-measures. Their watches are all in, featuring wild complications executed in intricate fashion, housed in massive, equally exotic cases. I take a meeting with them at Watches + Wonders every year because, while maybe not a brand that is quite in our wheelhouse, I personally find them fun and inspiring. Plus, the brand has a very self-aware attitude that’s refreshing. Well, this year was different because, for the first time ever, Hautlence launched a watch that, while thoroughly strange and unconventional, was also wearable, and priced, for Hautlence, in a ...

Auctions: Previewing The Monaco Legend Spring 2026 Auction Hodinkee
F.P. Journe Répétition Souveraine – €400,000 Apr 20, 2026

Auctions: Previewing The Monaco Legend Spring 2026 Auction

The spring auction season is sneaking up on us quickly. Things start early with Sotheby's Hong Kong auction (with its boatload of Cartier), which slightly edges Monaco Legend Group out of the gate, as their auction starts one day earlier. But on April 25 and 26, MLG will open its spring auction, which promises to be one of the more interesting and eclectic vintage-focused auctions of the season. That's not to say it's all vintage, of course. The auction starts out with a Bamford-modified blackout GMT (that the Parmegiani family behind the auction house seems to have an affinity for), an RM35-02 Nadal, a Journe Répétition Souveraine, and more Patek 5004s than you can shake a stick at, keeping things spicy. Lot 109 – F.P. Journe Répétition Souveraine – €400,000 to €800,000. There are 288 lots, and while the top lots sometimes feel a bit obvious to call out (mostly because everyone likely peers longingly at these watches and wishes they could bid), it's incredibly important to examine what is driving the top end of the market. And if you weren't paying close enough attention, you'd potentially miss the top lot. While it might look like a Rolex Daytona, like the ref. 116509 with a Tahitian mother-of-pearl dial and different indices, this is a whole different ballgame. Lot 78 of the auction is one of the "FAB 4" Daytonas, four unique platinum Zenith Daytonas, each executed with a hardstone dial (one with turquoise, one with lapis lazuli, two mother-of-pearl) made at...

Celebrating The Spirit Of The 1920s With The Semicolon Anachron Jump-Hour Watch Fratello
Christopher Ward C1 Jump Hour Mk Mar 30, 2026

Celebrating The Spirit Of The 1920s With The Semicolon Anachron Jump-Hour Watch

It is safe to say that the past 12 months have been all about the renaissance of the jump-hour watch. With the Cartier Tank à Guichets, Audemars Piguet Neo Frame Jumping Hour, Christopher Ward C1 Jump Hour Mk V, Maen × Nico Leonard Jump Hour, and Louis Vuitton Tambour Convergence Pink Gold, we have seen […] Visit Celebrating The Spirit Of The 1920s With The Semicolon Anachron Jump-Hour Watch to read the full article.

SJX Podcast: State of the Industry 2026 SJX Watches
F.P. Journe among independents Mar 16, 2026

SJX Podcast: State of the Industry 2026

Episode 31 of the SJX Podcast digs into two major industry reports - one from Vontobel on the primary market and one from EveryWatch on the secondary - and what they reveal about where value is concentrating in the watch industry. SJX and Brandon discuss the K-shaped nature of the market, the dominance of F.P. Journe among independents, and Cartier’s remarkable ability to sell across every price tier. The discussion also touches on the role of emotion in driving purchase decisions, the financialisation of the hobby, and why market reports have limited utility for collectors. Listen now on Apple Podcasts, Spotify, and YouTube.  

A Wishlist for Watches & Wonders 2026 SJX Watches
Patek Philippe Grand Seiko Mar 9, 2026

A Wishlist for Watches & Wonders 2026

Each year I find it surprisingly difficult to crystalise what I want to see from Watches & Wonders – perhaps I find it hard to hope for things I know will never come. Sometimes dreams aren’t logistically possible. For example, a compact Spring Drive chronograph probably isn’t reasonable given Grand Seiko already has its hands full scaling production of another new Spring Drive movement. At other times, imagination is bound by brand strategy: Cartier could easily steal the show with a quartz Crash Must priced along the same lines as a Tank Must – but never will. But I believe that the following watches, which I’d like to see from Patek Philippe, Grand Seiko and Credor, and Tudor are plausible enough to hope for. The following images were created without the use of generative AI. Patek Philippe In 2023, Patek Philippe launched the ref. 5316/50P, a minute repeating tourbillon with retrograde perpetual calendar and smoked sapphire dial. It remains among the brand’s best complicated offerings, other than the ref. 6301p, at least in my view. Last year Patek Philippe followed up with the ref. 6159G, which featured a smoked sapphire dial and the same perpetual calendar on a more pedestrian base movement. But if there is one reference more deserving of the smoked sapphire treatment than any other, it is the ref. 5236p in-line perpetual calendar, as imagined below in platinum. In 2021, Patek Philippe revived the historic in-line perpetual calendar, which is strongly asso...

The MeisterSinger Panthero Jumping Hour Celebrates The Brand’s 25th Anniversary Fratello
Audemars Piguet presented Feb 20, 2026

The MeisterSinger Panthero Jumping Hour Celebrates The Brand’s 25th Anniversary

There’s something in the water of the watch world. No idea what it is, but it’s making brands launch jump-hour watches. It started in 2025 with Cartier, Bremont, and Chronoswiss, to name but a few, and this year, Audemars Piguet presented a mechanical digital watch. The MeisterSinger Panthero Jumping Hour is yet another watch that […] Visit The MeisterSinger Panthero Jumping Hour Celebrates The Brand’s 25th Anniversary to read the full article.

Industry News – Richemont Sells Baume & Mercier to Italian Jeweler Damiani Monochrome
Vacheron Constantin Jan 23, 2026

Industry News – Richemont Sells Baume & Mercier to Italian Jeweler Damiani

Swiss-based conglomerate Richemont, owner of multiple jewellery and watch brands such as Cartier, IWC, Piaget, A. Lange & Söhne or Vacheron Constantin, to name a few, has agreed to sell Swiss watch brand Baume & Mercier, which it acquired in 1988, to the Italian, family-run Damiani Group, concluding a strategic review of the long-time Richemont […]

In-Depth – Exploring the F.P. Journe Chronomètre Souverain 20th Anniversary, and What it Means (Incl. Video) Monochrome
F.P. Journe Chronomètre Souverain 20th Anniversary Dec 5, 2025

In-Depth – Exploring the F.P. Journe Chronomètre Souverain 20th Anniversary, and What it Means (Incl. Video)

François-Paul Journe, a talented watchmaker and the founder of the brand F.P. Journe, is mostly known for his Tourbillon Remontoire d’Egalité – it was his first watch – and his take on the resonance phenomenon. We can also mention the Octa, his automatic watch introduced in 2001, and, of course, the fantastic Chronomètre Bleu. But […]

Breguet Reimagines the Classic Répétition Minutes SJX Watches
Breguet Reimagines Dec 1, 2025

Breguet Reimagines the Classic Répétition Minutes

Along with the flagship Classique Grande Sonnerie Métiers d’Art 1905 pocket watch, Breguet just announced its first water-resistant minute repeater, the Classique Répétition Minutes 7365. While this 250th anniversary edition with a Breguet gold case and Bleu de France grand feu enamel dial is limited to 25 examples, it likely represents the future of the brand’s chiming watches: smaller and more robust. Initial Thoughts Despite the strong popularity chiming watches have seen at the high end for many years, it has felt like something of a weak point for Breguet, reliant on rather old movements that didn’t always sound the best. The ambitious and wild Tradition Répétition Minutes Tourbillon 7087 promised to fix this in 2018, but for unknown reasons that watch never made it to market. However, acoustically Breguet’s repeaters have become quite good despite the old bones, proving how key gongs and case construction are to repeaters. The 7087 doubles down on this approach, not even introducing a silent centrifugal governor which has become ubiquitous in modern chiming watches, even at the high end – the sound of which I’ve come to find quaint. The move to smaller sizes, 42 mm to 39 might be more dictated by market trends rather than any specific vision from the brand, but is one I appreciate either way, and while water resistance isn’t strictly necessary in a chiming watch, the peace of mind is reassuring. In the end, this watch comes down to how much you lik...

Is Watches And Wonders Turning Into Baselworld 2.0? Also, Audemars Piguet Is Back Fratello
Audemars Piguet Sep 29, 2025

Is Watches And Wonders Turning Into Baselworld 2.0? Also, Audemars Piguet Is Back

The SIHH, or Salon International de la Haute Horlogerie, was a watch trade show founded in 1991 by Cartier, Baume & Mercier, Piaget, Gerald Genta, and Daniel Roth. Organized by the Fondation de la Haute Horlogerie (FHH), the show, compared to Baselworld, aimed to create a more exclusive, high-luxury atmosphere dedicated to fine watchmaking and […] Visit Is Watches And Wonders Turning Into Baselworld 2.0? Also, Audemars Piguet Is Back to read the full article.

Are You Into Watches Or Watchmaking? Fratello
Girard-Perregaux Chairman Jul 12, 2025

Are You Into Watches Or Watchmaking?

On June 26th, the Fondation de la Haute Horlogerie (FHH) celebrated its 20th anniversary in Geneva. The non-profit organization started the celebrations with a press conference at the lakeside Ritz-Carlton Hotel in Geneva. To honor the FHH’s founding members, Audemars Piguet CEO Ilaria Resta, Girard-Perregaux Chairman and CEO Patrick Pruniaux, and Cartier Chairman of Culture […] Visit Are You Into Watches Or Watchmaking? to read the full article.

Watches & Wonders Announces 2026 Dates SJX Watches
Vacheron Constantin Jun 17, 2025

Watches & Wonders Announces 2026 Dates

Anchored by brands like Rolex, Patek Philippe, and Cartier, Watches & Wonders (W&W;) is the world’s biggest luxury watch fair  and it will take place at its traditional time of early spring, April 14-20, 2026, once again at Palexpo. As is now convention, the final three days, April 18-20, will be open to the public, who can access the fair by buying a ticket. The first four days will only be open to invited guests, namely members of the trade, primarily brand executives, retailers, media, as well as select clients. W&W; will also stage events outside Palexpo, the convention centre near the airport, with several events planned in downtown Geneva. In past years, these have included exhibitions, talks, and social gatherings. The exhibitors for 2026 have yet to be announced, but the establishment brands are a certainty, including the brands owned by Richemont like A. Lange & Söhne and Vacheron Constantin, and the LVMH marques like TAG Heuer and Hublot. There has been talk of brands joining (or returning to) the list of exhibitors – Bulgari was a newcomer in 2025 – but this will soon be known once W&W; publishes the exhibitors directory.