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Results for IWC Caliber 52000

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Business News: Richemont Acquires Milanese Jeweller Buccellati SJX Watches
Panerai Sep 27, 2019

Business News: Richemont Acquires Milanese Jeweller Buccellati

Swiss luxury conglomerate Richemont has just added Buccellati to its stable of luxury brands, which include watchmakers like A. Lange & Söhne, IWC, Panerai. Richemont is buying the 100-year old Milanese jeweller from Gangtai Group Corporation Limited, a Chinese conglomerate that bought a majority stake in 2017 that reputedly valued the jeweller at €230m, or about US$271m at the time, according to Forbes. Gangtai had owned 85% of Buccellati, with the remainder held by the founding family, but like many of its peers the Chinese group has been forced to sell assets as the Chinese government put a stop to the debt-fuelled overseas expansion that was earlier fashionable. The terms of Richemont’s acquisition were not disclosed, although Chinese news website Jing Daily reports Buccellati was valued at US$313m, including debt, equivalent to about 15% of Richemont’s net cash position in the last fiscal year. According to Richemont, Buccellati family scion Andrea Buccellati as well as several other family members will remain with the jeweller after the takeover. Buccellati gives Richemont a more diverse presence in high-end jewellery, where its business is concentrated the Parisian jewellers Cartier and Van Cleef & Arpels, which together account for the bulk of group sales. In contrast to the French style of both Cartier and Van Cleef & Arpels, Buccellati’s Italian sensibility gives Richemont a stylistic counter to Bulgari, the Roman jeweller owned by French luxury ...

Hands-On: Gorilla Fastback “RAW Celebratory Edition” SJX Watches
Audemars Piguet Jul 30, 2019

Hands-On: Gorilla Fastback “RAW Celebratory Edition”

Despite being one of many recent startups specialising in stylish, affordable watches, Gorilla has managed to set itself apart from a crowded field by creating watches that are well designed and smartly detailed. That’s because the Gorilla was founded in 2016 by two veterans watch design: Lukas Gopp, an alumni of IWC and Audemars Piguet, and the better known of the pair, Octavio Garcia. Mr Garcia spent almost 15 years at Audemars Piguet, five of them as chief designer; one of his most famous and successful creations was the Royal Oak Offshore “Alinghi” in forged carbon, one of the hottest watches of the mid-2000s. Gorilla now only offers essentially a single model – the Fastback – in several variations, with the design and colours inspired by 1950s American muscle cars. And it is obvious that several of its watches are reminiscent of certain Audemars Piguet timepieces. But with the Gorilla watch case having a distinctive profile of its own, coupled with the fact that most of its watches cost less than US$800, Gorilla watches have an easy appeal. A gilded 15 This particular Gorilla is a limited edition made for the 15th anniversary of Red Army Watches, a Singapore-based retailer that specialises in affordable watches; amongst the other brands it carries are SevenFriday and Grand Seiko. Formally known as the RAW x Gorilla Fastback Celebratory Edition, the watch is not drastically different from the standard model that serves as the base, the Fastback Gal...

Business News: Richemont and Swatch Results; Massive Inventories at Swatch SJX Watches
Vacheron Constantin saw overall sales dip Jul 18, 2019

Business News: Richemont and Swatch Results; Massive Inventories at Swatch

Swiss watchmaking groups Richemont and Swatch Group just announced their first quarter and six-month results for 2019 respectively, with each going in opposite directions. Owner of brands like Cartier, IWC and Panerai, Richemont saw growth across most segments and regions. Overall sales were up 12% at constant exchange rates, with every region growing in the low teens save for the Middle East and Africa. Sales in Asia grew 10%, led by China, where demand is up due to lower taxes locally on luxury goods and more stringent checks on travellers importing items bought overseas. Most notable was the performance of its online channels, namely luxury fashion mall Yoox Net-a-Porter (YNAP), pre-owned watch merchant Watchfinder, and to a lesser extent. That growth is from a low base of comparison: last year’s first quarter for each platform was only two and one month respectively. That being said, online sales are still substantial, rising to 50% to €648m, almost equal to the €698m of sales in the Americas as a whole. The group’s watchmaking brands, which include A. Lange & Söhne and Vacheron Constantin, saw overall sales dip 2%. This was attributed to a reduction in the number of sales channels as well as reduced orders of new product by retailers. Up in Biel, where the Swatch Group has its headquarters, half-year sales were down 3.7% at constant exchange rates, to 4.07 billion Swiss francs. Net profit followed suit, shrinking 11.3% to 415m francs. For the full year, howe...

RECOMMENDED READING: Menswear legend Sid Mashburn explains his watch collection Time+Tide
Apr 29, 2019

RECOMMENDED READING: Menswear legend Sid Mashburn explains his watch collection

Sid Mashburn is a veteran menswear designer with an eponymous label. He also has quite nice taste in watches. Mr Mashburn, his clothes and his watches are all on show in this video from US-based retailer Crown & Caliber.  I’ve found that there’s usually a degree of overlap in the Venn diagram of clothes guys and … ContinuedThe post RECOMMENDED READING: Menswear legend Sid Mashburn explains his watch collection appeared first on Time+Tide Watches.

BREAKING: Introducing the OMEGA Speedmaster Apollo 11 50th Anniversary Limited Edition Revolution
Omega Speedmaster Apollo 11 50th Mar 12, 2019

BREAKING: Introducing the OMEGA Speedmaster Apollo 11 50th Anniversary Limited Edition

Omega commemorates 50 years of the Moon landing by releasing a very special Speedmaster that’s reminiscent of the 1969 Tribute to Apollo XI timepiece. This new edition is presented in their own 18k Moonshine gold, with a new Master Chronometer in-house Caliber 3861. Revolution founder Wei Koh speaks exclusively with Omega CEO Raynald Aeschlimann on this important timepiece.

INTRODUCING: Grand Seiko has just announced four new slim manual-wind models in the Elegance Collection and, yes, the dials are off the charts Time+Tide
Grand Seiko has just announced four Feb 4, 2019

INTRODUCING: Grand Seiko has just announced four new slim manual-wind models in the Elegance Collection and, yes, the dials are off the charts

Grand Seiko has, in the lead-up to Baselworld, just announced a brand new movement for the Elegance Collection, four new manually wound, slender watches (three of them limited editions) that look very promising indeed. First things first, this collection is powered by a new manually wound caliber, the 9S63, the brand’s first in eight years. … ContinuedThe post INTRODUCING: Grand Seiko has just announced four new slim manual-wind models in the Elegance Collection and, yes, the dials are off the charts appeared first on Time+Tide Watches.

HANDS-ON: The Grand Seiko Blue Ceramic Hi-Beat GMT “Special” Limited Edition Time+Tide
Grand Seiko Blue Ceramic Hi-Beat GMT Apr 30, 2018

HANDS-ON: The Grand Seiko Blue Ceramic Hi-Beat GMT “Special” Limited Edition

In the wonderful world of Grand Seiko, if it’s not using a quartz crystal – and, yes, that includes the Spring Drive – then inside is a Caliber 9S movement. Introduced in 1998, the Caliber 9S is the staple of all mechanical Grand Seikos and forms the base for everything from humble three-handers to hi-beats … ContinuedThe post HANDS-ON: The Grand Seiko Blue Ceramic Hi-Beat GMT “Special” Limited Edition appeared first on Time+Tide Watches.

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.