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Richemont

Geneva luxury holding group founded 1988 by Johann Rupert. Owns Cartier, IWC, JLC, A. Lange & Söhne, Vacheron, Panerai, Piaget. Largest haute-horlogerie portfolio in the industry.
Business News: Watches & Wonders Shanghai to Happen September 2020 SJX Watches
Vacheron Constantin all owned Jul 23, 2020

Business News: Watches & Wonders Shanghai to Happen September 2020

With its Geneva debut in April 2020 cancelled due to the COVID-19 pandemic, the watch fair once known as SIHH is moving to Shanghai. Its organisers have just announced Watches & Wonders Shanghai will take place from September 9-13, 2020 at West Bund Art Center. W&W; Shanghai will see only 11 brands take part, down from 30 at the Geneva event. The exhibiting brands are A. Lange & Söhne, Baume & Mercier, Cartier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis, and Vacheron Constantin – all owned by Swiss luxury group Richemont – as well as independently-owned brands Parmigiani Fleurier and Purnell. Like the original fair in Geneva, the Shanghai event will be invite-only, and will include new product launches, talks, as well as watchmaking classes. Alongside the physical exhibition in Shanghai, W&W; will also unveil the new products on its website. With the Chinese watch market now in the midst of a sharp upturn post-pandemic – evidenced in the results of both Richemont and the Swatch Group – China is likely the single largest national market for luxury watches that is operating close to normal, making the migration of the event from Geneva to Shanghai eminently logical.  

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Up Close: IWC Da Vinci Tourbillon Four Seasons SJX Watches
IWC Da Vinci Tourbillon Four May 8, 2020

Up Close: IWC Da Vinci Tourbillon Four Seasons

The two decades or so after the end of the Quartz Crisis was a fruitful one for the mechanical watch industry as it revived itself. IWC was one of the stars of that revival, a highly technical yet niche brand that appealed to true watch nerds. Everything it did then became the foundations for its modern day success – literally, with the brand still relying on the complications invented then. One of the most interesting, yet little-known IWC watches from that era is the Da Vinci Tourbillon Four Seasons. A limited edition of 20 watches that debuted in 1999, the Four Seasons (or Quattro Stagioni as it was known at the launch) has a hand-engraved, solid-gold dial – the Da Vinci Tourbillon represents the only instance IWC has bestowed such elaborate dials on its watches. A year after the launch of the Four Seasons, IWC was acquired by Swiss luxury group Richemont, making it perhaps the major complication the brand unveiled before the change of ownership. Intriguingly, the combination of an engraved dial and complicated movement, as well as the style of engraving, brings to mind some of the Handwerkskunst watches by A. Lange & Söhne, then as now, a sister company of IWC. But perhaps more important is the movement, which is the only hand-wound calibre in this generation of Da Vinci. Not only is the manual-wind calibre better looking – by a massive margin – but the movement is descended from the Il Destriero Scafusia, the grand complication made for the brand’s 125th ...

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10 watches from Montblanc’s 2020 collection that suggest they are reaching the top of the mountain Time+Tide
Montblanc s 2020 collection Apr 25, 2020

10 watches from Montblanc’s 2020 collection that suggest they are reaching the top of the mountain

When Richemont acquired Minerva to pair with Montblanc to fast-track legitimacy for their watchmaking division, some scoffed at the audacity. Taking a respected, historical watchmaker and giving their patents to a pen brand seemed like horological heresy at the time; however, Montblanc’s commitment to continuing Minerva’s legacy only grows more apparent with each subsequent year … ContinuedThe post 10 watches from Montblanc’s 2020 collection that suggest they are reaching the top of the mountain appeared first on Time+Tide Watches.

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Panerai Introduces the Luminor Marina Titanio DMLS PAM01117 SJX Watches
Panerai Introduces Apr 24, 2020

Panerai Introduces the Luminor Marina Titanio DMLS PAM01117

At a glance, Panerai’s latest Luminor unveiled at Watches & Wonders 2020 might look like, well, just another Luminor. But the Luminor Marina Titanio DMLS (PAM01117) is more than that. It incorporates a new type of luminous paint with an extra-bright glow, while boasting a titanium case produced via a process similar to 3D printing. And most crucially, the watch is covered by a 70-year warranty. Given that Panerai’s identity is inextricably linked with legible, glow-in-the-dark dials, the new “lume” found on the Luminor DMLS makes sense. The watch features Super-Luminova X – a lot of it. Beyond the usual dial and hands, the new Luminor also had luminous paint on the flange around the dial, crown locking bridge and lever, and the stitching of the fabric strap. The use of “lume” as a decorative element brings to mind the Lumen series of A. Lange & Söhne (which is a sister brand of Panerai within Swiss luxury group Richemont), but here the luminous paint is executed in clean lines for a geometric pattern. Though the Luminor DMLS is a large 44 mm in diameter, it is only 100 g, making it the lightest Panerai watch with a metal alloy case. The case is produced via direct metal laser sintering (DMLS), the same process to make the case of the Lo Scienzato Luminor 1950 Tourbillon GMT Titanio PAM00578 from 2016. DMLS is a form of 3D printing where a laser is used to melt titanium powder tiny amounts at a time, layer by layer as the case is built up. The nature of the p...

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Business News: Watchmakers Announce Geneva Watch Days [Postponed] SJX Watches
Girard-Perregaux Gerald Genta Ulysse Nardin Mar 3, 2020

Business News: Watchmakers Announce Geneva Watch Days [Postponed]

Following the cancellation of both the year’s biggest watch fairs – Baselworld and Watches & Wonders Geneva (WWG) – due to the COVID-19 coronavirus, a consortium of watch brands have come together to show their wares come April. The event, dubbed Geneva Watch Days, was the brainchild of Bulgari and its chief executive Jean-Christophe Babin – one of the first brands to pull out of Baselworld – and conceived with European press and retailers in mind. [Update March 24, 2020: GWD will now take place August 26-29, 2020 instead.] WWG to GWD Taking place when WWG was due to happen, April 26 to 29, Geneva Watch Days now has a line-up of brands big and small: Girard-Perregaux, Gerald Genta, Ulysse Nardin, Breitling, MB&F;, De Bethune and Urwerk. A handful more might sign on, including H. Moser & Cie. and Chopard. However, at present, none of the brands belonging to the major watchmaking conglomerates, Richemont or Swatch Group, or either of the Geneva giants, namely Rolex and Patek Philippe, has announced their participation – and are unlikely to due to the complexities of the industry. Crucially, Geneva Watch Days is not a fair per se, rather it is a series of events organised by brands in separate venues, including boutiques and hotels, but happening during the same period. Because the individual events during Geneva Watch Days are small-scale and discrete, none of them will run counter to the Swiss government’s temporary ban on events with over 1,000 people. ...

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Tudor Extends Warranty on All Watches to 5 Years SJX Watches
Cartier Dec 18, 2019

Tudor Extends Warranty on All Watches to 5 Years

In keeping with the lengthening guarantee periods throughout the watch industry – eight years at Cartier and most other Richemont brands, and five years at Rolex and Omega – Tudor has just announced the guarantee period for all its watches is now five years, for all watches sold from January 1, 2020 onwards. But owners of recently purchased Tudor watches will also get a warranty enhancement: all watches sold from July 1, 2018 to December 31, 2019 get an 18-month warranty extension, in addition to the existing two-years, for a total of three and a half years, or 42 months. Watches sold before July 1, 2018 retain the unchanged, two-year warranty. The Tudor Black Bay Chrono Dark Tudor’s warranty extension further enhances the value inherent in its remarkably well-made and well-priced watches, which are amongst the best value propositions on the market today. The warranty extension is unsurprising, not only because of the competition, but also because Tudor watches – particularly those powered by its in-house movements – are extensively tested and notably reliable.  

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Cambodia’s First Watchmaking School Opens in Phnom Penh SJX Watches
Dec 1, 2019

Cambodia’s First Watchmaking School Opens in Phnom Penh

One of Asia’s quickest growing economies, Cambodia remains a relatively small market for mechanical watches, but now boasts its own watchmaking school – led by a pair of former WOSTEP instructors – which will begin operations in mid 2020. Supported by a local real estate conglomerate, the Prince Horology Vocational Training Center will offer a full-time, two-year course in watchmaking. Totalling some 3,400 hours of training, the watchmaking course will be comprehensive and modelled on the education offered by Swiss watchmaking schools. Designed by a team that includes a former director of WOSTEP, Switzerland’s leading watchmaking school, the course includes watchmaking history and culture, toolmaking and maintenance, repair and servicing of both mechanical and quartz watches, as well as some parts production. Filled with brand new equipment, the school is ready for its first students Located in the Chrouy Changvar district of central Phnom Penh, the country’s capital, the Prince Horology Vocational Training Center recently opened its premises, which are fully equipped with brand new benches and tools, giving students the opportunity to learn both watch repair as well as movement part production and finishing. The school’s leadership team includes Jessica Thakur, formerly an instructor at Richemont’s American watchmaking school in Texas and then at WOSTEP, as well as Maarten Pieters, who was the director of WOSTEP from 2002 to 2018. Prior to that, Mr Pieters ...

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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.  

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Montblanc Introduces the Heritage Small Second with a Minerva-Minerva Movement SJX Watches
Montblanc Introduces Nov 10, 2019

Montblanc Introduces the Heritage Small Second with a Minerva-Minerva Movement

During a chat with Montblanc watch division chief Davide Cerrato this weekend in Geneva – where the split-seconds chronograph he created for Only Watch sold for a 100,000 Swiss francs – he revealed the company had recently discovered a small number of finished Minerva MB M62.00 movements from the early 2000s. Already decorated and assembled, the hand-wound movements were then paired with a specially designed dial to create a discreet limited edition. The calibres were produced in 2003, during the brief period from 2000-2006 when Minerva was owned by Italian former billionaire Emilio Gnutti who was later convicted of insider trading. Mr Gnutti radically remade Minerva after he took over, elevating it from a producer of competent and honest watches into one focused on ultra high-end timepieces with exceptional movement finishing. But his endeavour was not financially viable and he sold Minerva to Richemont, which integrated the brand into Montblanc. The Minerva-Minerva movement The MB M62.00 in the new Heritage Small Second come from this period, so they have impeccable finishing. But unlike Minerva movements produced after the Montblanc takeover, these movements were wholly finished prior to the Richemont takeover so they are only marked “Minerva” and “Villeret”. Though the MB M62.00 are identical, both in style and finishing, to later movements marked “Montblanc”, aficionados will appreciate the nostalgic Minerva logo. The MB M62.00 movement is derived fr...

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The Rise and Fall of Asprey of London (and a Personalised F.P. Journe Wristwatch) SJX Watches
Louis Vuitton Oct 31, 2019

The Rise and Fall of Asprey of London (and a Personalised F.P. Journe Wristwatch)

An F.P. Journe Octa Calendrier caught my eye at Phillips’ upcoming Geneva auction, not because of the watch itself, but because of the name engraved on the movement: “John R. Asprey”. Now 82, John Rolls Asprey ran his family’s luxury emporium in its heyday, when it was a purveyor of watches, jewels, silverware, fine bookbinding and hunting accessories, with the Sultans of Brunei and Oman as its top clients. Unusually, Asprey was a prominent name in two diverse segments of watchmaking – what are now valuable vintage watches, think “Khanjar” Rolex watches, as well as modern-day independent watchmaking. How it came to be is the remarkable story of the rise and decline of a grand name in British luxury retail. A wondrous emporium Long before luxury brand names had coalesced into conglomerates like LVMH and Richemont, they were independent, family-owned enterprises that were small but globally known – at least by the right clientele. Amongst them were names that are still famous today, including Cartier, Louis Vuitton, and Tiffany & Co., but also one that is less well known now, Asprey of London. Founded in 1781 and having opened in 1847 at 167 New Bond Street – still its premises today, albeit leased – Asprey was once London’s leading luxury merchant. In some ways, it was the ultimate gift shop, where one could buy all manner of exotic and exquisite goods from all over the world, from books to watches to sceptres to crystal. Many of the elaborate objects ...

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Business News: LVMH Offers to Buy Tiffany & Co. SJX Watches
Patek Philippe watches Oct 27, 2019

Business News: LVMH Offers to Buy Tiffany & Co.

Luxury giant LVMH has made an offer to buy Tiffany & Co., America’s leading luxury jeweller (and the biggest retailer of Patek Philippe watches in the country), according to the Bloomberg. The French group made an all-cash offer of US$120 a share, a premium of about 22% over Tiffany’s last done share price and valuing the company at about US$14.4 billion. That would make Tiffany’s the biggest acquisition ever for LVMH, which has seen its shares hit record highs recently, bringing its value to over US$210 billion. Despite being the world’s largest luxury group – its brands include Louis Vuitton, Bulgari, Rimowa, Hublot and DFS – LVMH is relatively weak in high-end jewellery, especially compared to Swiss rival Richemont, which owns Cartier, Van Cleef & Arpels, and Piaget, and only just picked up Buccellati. Buying Tiffany would give LVMH a bigger presence in jewellery, as well as greater exposure to the United States, which is the jeweller’s biggest market, account for around a third of sales. LVMH only just opened a bag factory in Texas, the Louis Vuitton Rochambeau Ranch, in an event attended by Donald Trump and LVMH chief executive and controlling shareholder Bernard Arnault, who’s also the third-richest man in the world. Best known for its diamond engagement rings and blue boxes, Tiffany suffered from a weak spell in recent years, with its former chief executive Frederic Cumenal, an LVMH alumni, lasting barely two years. After he departed in 2017, to be...

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Throwback Sundays: Six Stealth Wealth watches that could fool a seasoned watch collector Deployant
Rolex Sep 15, 2019

Throwback Sundays: Six Stealth Wealth watches that could fool a seasoned watch collector

Most seasoned watch collectors will easily recognize the usual culprits, the Pateks, Rolexes, APs, Richemont/Swatch/LVMH brands from a distance. In order to make this list of watches that qualify as stealth wealth, we have chosen timepieces that are 'unexpectedly' expensive, yet not instantly recognizable. They look simple on the dial side, yet have hidden complications and/or 'insane' finishing.

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RECOMMENDED READING: Do watches hold their value during a downturn? Time+Tide
Jul 26, 2019

RECOMMENDED READING: Do watches hold their value during a downturn?

Much has been written about the growth of the pre-owned watch market in recent years, but just how long has this been happening, and will watches hold their value during a recession? With consecutive seasons of watch auctions breaking all-time records, luxury conglomerate Richemont spending an estimated €200m to acquire second-hand dealer Watchfinder & Co … ContinuedThe post RECOMMENDED READING: Do watches hold their value during a downturn? appeared first on Time+Tide Watches.

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NEWS: Piaget open their first ever Australian Boutique Time+Tide
Montblanc Dec 8, 2018

NEWS: Piaget open their first ever Australian Boutique

Last week, Piaget opened their first ever Australian Boutique, and we were lucky enough to attend the opening. Piaget has joined several of their Richemont cohort, including Cartier, Montblanc and Panerai, at Melbourne’s iconic Chadstone Shopping Centre. The upscale apartment vibe provides a more relaxed approach to retail, with nice design touches, like informal seating options. … ContinuedThe post NEWS: Piaget open their first ever Australian Boutique appeared first on Time+Tide Watches.

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Ep. 81 Watchfam Crossover, Stolen Moscato, and TBWS World Travel..? Two Broke Watch Snobs
May 31, 2018

Ep. 81 Watchfam Crossover, Stolen Moscato, and TBWS World Travel..?

The show finally pivots and the guys agree that this entire TBWS thing is simply a support group for folks that are completely insane... about watches. This week, we finally reveal the details about our 5k follower giveaway as Kaz enjoys some succulent Passover moscato. Delish. There's even a new Richemont brand that makes its way into the discussion this week!

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VIDEO: 5 of the best independent watches from SIHH 2018 Time+Tide
Montblanc Mar 8, 2018

VIDEO: 5 of the best independent watches from SIHH 2018

If you know a little bit about how the world of watches works, you’ll likely know that it’s a space dominated by a few big groups (namely Richemont, Swatch and LVMH), each with their own stable of brands. SIHH is a show dominated by Richemont brands - big names like Cartier, IWC and Montblanc. But … ContinuedThe post VIDEO: 5 of the best independent watches from SIHH 2018 appeared first on Time+Tide Watches.

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WHO TO FOLLOW: @alpagota Time+Tide
Ressence Mar 31, 2017

WHO TO FOLLOW: @alpagota

When Gaëtan Gaye moved from Richemont’s Amsterdam office to Ressence in 2015, he doubled the size of the Antwerp-based team, which was quite the change in scale. What hasn’t changed, is his twin passions for watches and cars, as evidenced by his Instagram feed. NAME: Gaëtan Gaye OCCUPATION: International Brand Director for Ressence HANDLE: @alpagota FOLLOWERS: … ContinuedThe post WHO TO FOLLOW: @alpagota appeared first on Time+Tide Watches.

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