Showing posts with label timepieces. Show all posts
Showing posts with label timepieces. Show all posts

Sunday, February 22, 2015

16 Luxury Watches from 16 Luxury Brands: The Best of SIHH 2015


The 25th edition of the Salon International de la Haute Horlogerie (SIHH) was held about a month ago in Geneva. It is the first major watch tradeshow of the year and it is also considered by many to be the most exclusive and luxurious of them all. A total of 16 brands exhibit in which 11 are owned by Switzerland-based luxury goods holding company, Compagnie Financière Richemont.

There is an astonishing amount of creative, technological and innovative diversity in the Swiss watch industry and the products below represent the broad range of what’s available. I only focused on a single product from each brand so to be sure there will be more to write over the course of a year.

A Lange & Söhne
This year the company focused on sound with its Zeitwerk Minute Repeater (top photo). The Zeitwerk is a decimal minute repeater, which means it strikes at ten-minute intervals and at each minute.

The striking mechanism is triggered with a pusher. The time is sounded with a low-pitched chime for each hour, an offset double tone for each ten-minute period, and a high-pitched tone for each minute. For example, on the photograph of the watch the time is 7:52. When the pusher is triggered there are seven low sounding chimes for the hour. For the “five,” both hammers strike in an offset fashion five times. For the “two,” the high-pitched chime strikes twice.

A pusher is used—instead of a slide, typical for a minute repeater, because that is where the power typically derives. For the Zeitwerk the barrel of the caliber L043.5 mechanical movement provides the power.

If the minute repeater is going through its process at the same time a new minute is suppose to appear in the aperture, the jumping mechanism will pause until the minute repeater is finished.

Audemars Piguet
The Diamond Punk is a bold, tough looking timepiece that sneers at traditional, delicate jewelry watches.


A total of 56 white gold pyramids are faceted to create a spiky look reminiscent of the punk rock era. The pyramids are covered in 7,848 snow-set diamonds. A sliding cover reveals the 18k white gold dial, snow-set with 300 diamonds. It can be worn as a bracelet or timepiece.

More than 1,400 hours of work by designers, jewelers and gem-setters went into creating this watch.

Baume & Mercier
Baume & Mercier is using its Classima watch collection for men and women to introduce the world of luxury watches to young people. It’s positioning the watch as a way for young people to celebrate their first success, such as graduating college or landing that first job. This is a classic Swiss watch has a low enough price to get them interested and enough detail to keep their interests.


The 40 mm Classima Men’s in steel or two-tone versions has a redesigned dial with a date aperture at 3 o’clock and the center in line guilloche décor. The hours, minutes and seconds hands are in blued steel or gilt. It’s powered by a modified automatic Sellita movement.

The 36.5 mm-diameter size Classima Women collection of six watches is available in a quartz or automatic movement. The white or mother-of-pearl dial is centered with sunray guilloché.

Cartier
The French luxury house introduced a new watch shape, a new crown and new movement into one watch collection for men and women called Clé de Cartier.


Clé means “key” in French. The crown isn’t round. Instead it’s long with a cabochon sapphire in middle. You don’t pull the crown to wind the watch. You turn it like a key in a lock and it sort of locks into place after each revolution.

The new shape is a round case surrounded by a rounded cushion shape. The 1847 MC movement was made in house. There are five models in this collection, two for men and three for women.

Greubel Forsey
The young, independent company introduced its seventh “invention” at SIHH: The Mechanical Computer and its first application of it: The QP à Équation.


Described as a “sub-assembly” of 25 parts, it is being used to measure the Equation of Time. This is the difference throughout the year between solar time and mean time (conventionally fixed at 24 hours per day throughout the year). The length of a day in solar time varies according to the position of the earth on its elliptical orbit around the sun.

The Mechanical Computer in the QP à Équation automatically displays the indications of the perpetual calendar through to the equation of time: the seasons, the equinoxes, the solstices, the equation of time, and the date, day, month and the four-digit year. The eight indications are controlled by a single selector in the movement's winding crown. Turning it in either direction adjusts all indications with no risk of damaging the mechanism.

The equation of time is displayed by two sapphire crystal discs driven by the Mechanical Computer which rotates them independently to show the time difference as it changes throughout the year.

IWC
The Portugieser Hand-Wound Eight Days Edition 75th Anniversary is reminiscent of the original Portugieser from the 1930s. The in-house 59215-caliber has an eight-day power reserve. The red gold reference is limited to 175 watches, while the steel case, ardoise (grayish purple) dial variant is limited to 750 pieces.


It has all the esthetic attributes of the Portugieser: Arabic numerals, slim feuille hands, railway-track-style chapter ring and small seconds at 6 o’clock. However, the inner chapter ring, hour indices and Arabic numerals are in gold-brown with black edging. The 18k red gold with silver-plated dial inherited the color scheme and company logo of its forebear almost without change. Light green dial elements on the stainless steel version contrast against the matte black dial. A new feature is the date display on the subdial at 6 o’clock.

Jaeger-LeCoultre
The dial of the Master Grande Tradition Grande Complication depicts the starry Northern Hemisphere sky. The timepiece is dedicated to astronomical time measurement.


The sidereal orbital tourbillion in its titanium cage whirls around the dial in a counter-clockwise revolution in 23 hours, 56 minutes and 4 seconds (reflecting sidereal time, which astronomers use to track stars and other heavenly bodies in the night sky). The 24-hour day (the “civil” time) is measured by a small sun on the outer part of the dial that rotates around the dial. The sky-chart and rotation is also used as a calendar that indicates the Zodiac and month.

Finally, there’s a minute-repeater that chimes the hours, quarters and minutes on demand. This is all powered by the Jaeger-LeCoultre Calibre 945 mechanical hand-wound movement.

Montblanc
The Tourbillon Cylindrique Geosphères Vasco da Gama traces the route from Europe to India by sea made by the Portuguese explorer. The 47 mm red gold case surrounds a three-dimensional dial. The 281-part, hand-wound tourbillon caliber MB M68.40, made at Montblanc’s Villeret manufacturing unit (which specializes in hand-made movements) features a one-minute tourbillon mechanism with a cylindrical hairspring.


The movement supports numerous functions, including: a triple time zone with local time displayed in hours and minutes; the home time presented on a three-dimensional 12-hour compass rose at 6 o’clock; and a pair of globes depicting the World´s 24 time zones in the Northern and Southern Hemisphere, along with the passage of day and night.

Engravings and miniature paintings on the two halved globes indicate in relief the outlines of the continents, their borders and the oceans that separate them, recalling, on a daily basis, the sea route through the Earth’s two hemispheres that da Gama sailed in 1497.

The globes illustrate the day and night in the Northern and Southern Hemisphere along with latitude and longitude.

Panerai
Radiomir Firenze is a watch that honors its roots in the city of Florence. The AISI 316L stainless steel case is completely hand-engraved with motifs inspired by Florentine iconography. Each case requires more than a week of work by one engraver.


The 47 mm case has the same dimensions of the first watch created by the company in 1936. The watch is powered by the mechanical P.3000 caliber.

It’s limited to 99 units and will only be sold at Panerai’s historic Florence boutique in Piazza San Giovanni, where the company was founded. Since the case is hand-engraved, no two are identical.

Parmigiani
Honoring the 10th anniversary of a partnership between Parmigiani and luxury car maker Bugatti, the luxury watch brand unveiled two new timepieces: Bugatti Révélation and Bugatti Victoire. They are modeled after the Bugatti type 370 movement, which was the first watch produced by the partnership. The tubular shaped movement resembles an engine block. It was introduced to mark the partnership in 2004 and created a bit of a stir due to its unusual shape.


A third watch in the 10th anniversary line, Bugatti Mythe, was introduced in August 2014.

The motif of the Bugatti Victoire (pictured) is formed of concentric Vs, evoking the skid marks left on the track by a racing car. The geometric shapes were produced by engraving work on the white gold that makes it looks darker. The artisan who engraved this watch is the same one who worked on the Bugatti Centenaire in 2004, one of the first pieces in the collection. The side sections are set with diamonds. The leather strap was cut in the same V pattern.

Piaget
The company released the Emperador Coussin 1270S, the world’s thinnest ultra-thin tourbillon automatic skeleton watch, with a case measuring 8.85 mm thick. The cushion-shaped, ultra-thin (5.05 mm) tourbillon automatic skeleton caliber 1270S was designed and developed specifically for the 46.5 mm cushion-shaped case housing it. The caliber consists of 225 parts and took more than three years to develop.


The inverted architecture of this movement provides a view of the platinum oscillating weight and bridges. The off-centered micro-rotor and the tourbillion, topped with a P for Piaget, form a figure 8, providing a clear view of the main functional elements of this watch.

The watch is available in white and pink gold.

Ralph Lauren
The 867 collection, named after the New York flagship store at 867 Madison Avenue, reflects the style of the Art Deco era.


The Ralph Lauren 867 Petite Diamond timepiece has a 21.50mm 18k white gold case set with 289 round, brilliant-cut diamonds as well as 12 baguette-cut diamonds and attached to a black suede strap. It houses a Swiss quartz movement, decorated with Côtes de Genève.

Richard Mille
The centerpiece of the RM 19-02 Fleur lady’s timepiece is a tourbillon topped with a magnolia made of painted white gold leaves. Once per hour or on command with the push of a button, pink leaves of the magnolia opens to reveal the tourbillion. The center of the tourbillion extends up 1 mm imitating the stamen of the flower.


To make this happen, the grade 5 titanium tourbillon caliber uses 5 levers that surround the underside of the petals, with another system that uses a long pinion to raise the flying tourbillon and “stamen” upwards within the flower’s circumference. The energy for this action is supplied by a separate winding barrel.

Roger Dubuis
This year, the brand declared 2015 as the year of the “Astral Skeleton,” unveiling several skeleton interpretations. For its “creative” skeleton, the brand released the Excalibur Brocéliande. Decorative jewelry elements are entwined with the skeleton flying tourbillon movement and the dial.


The decorative elements of 18k gold vines include white round diamonds with touches of colored ivy leaves produced from precision cut gems in autumn colors of pink, yellow, and orange. They are added to the tourbillion movement without disturbing its operation.

The watch is available in a limited edition of 28-pieces.

Vacheron Constantin
For its 260th anniversary, Vacheron Constantin unveiled two timepieces in its Métiers d’Art collection distinguished by hand-engraved movements that keep with classic ornamental watchmaking traditions. The plates and bridges of the hand-wound calibers are adorned with delicate floral motifs, reminiscent of the engravings of the first pocket watches created by Vacheron Constantin.


The caliber 4400 hand-engraved movement of the Métiers d’Art Mécaniques Gravées is housed in a 950 platinum, 39 mm-diameter round case. There is no dial covering the movement in order to fully display the subtle floral motifs. It takes more than 10 days to craft the movement.

It is available only at Vacheron Constantin boutiques.

Van Cleef & Arpels
Successful luxury brands are exceptional storytellers, but you’d be hard-pressed to find any company that does it better than Van Cleef & Arpels.


The two newest releases in the “Poetic Complications” collection express the watchmaker’s art and the constant renewal of time. Both in white gold with a bezel set in round diamonds, these 38 mm timepieces combine the technical prowess of a quality movement with various hand-crafted techniques that display a gradual story over a 24-hour period.

For the Lady Arpels Jour Nuit Oiseaux de Paradis (Day Night Bird of Paradise), a bird of paradise sets its plume of feathers down upon a bird of paradise flower. As the day moves on, the feathers gradually recede making way for a diamond moon. The artistic scene was created with various hand-crafted techniques including cloisonné enamel and engraved gold.

Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes website.

Monday, February 9, 2015

British Watch Brand Bremont To Unveil First US Boutique


Bremont, the British luxury brand known for its aviation themed watches, is set to fly “across the pond” to open its first boutique in the US.  

The company’s new store on 501 Madison Ave. (near 53rd street) will house 900 square-feet of retail space along with another 860 square-feet of space dedicated to a Bremont service center with trained watchmakers. The company said the new space will open in the early spring.

The store is laid out to tell Bremont’s story alongside that of its key partners. A framed Jaguar exhibit will sit alongside a hand-finished leather wall with a Bremont movement embossed on it. Its partnership with Boeing will be highlighted by videos on a transparent LCD screen along with a signature Martin-Baker ejector seat.



Bremont was founded in 2002 and its watches were first sold in the US in 2008. The company uses Swiss movements, assembled in the UK and placed inside UK-made cases. The company is in the process of building industrial capabilities for machining parts of movements at its headquarters on Henley-on-Thames, England.

“We saw New York, and more importantly Madison Avenue, as a really essential string to our North American bow and a fantastic brand showcase as we continue to expand our retail channel,” said Nick English, co-founder of Bremont. “The US is already a big market for Bremont with a large proportion of our military business hailing from there. Moving forward the US is a very significant and crucial part of the brand’s strategy.”

The interior space is being completely redesigned with the exception of the existing marble floor, which is being restored. The company boasts a “simple and elegant” design using black woods, chrome and leather.



The main displays in the front area of the store are framed in chrome and are incorporated into wood paneling. The front of the store will have displays dedicated to a Bremont core range, while the rear is a relaxed area dedicated to Bremont partnerships. Elements of the watches have been incorporated into the design with the fixture handles being modified straps and cabinet handles replicating Bremont’s barrel.

There will be a fireplace and seating area with a bespoke coffee table incorporating hundreds of Bremont watch parts, showcasing the complexity and number of components needed to produce a mechanical watch.

The new boutique also will enable the company to support its Bremont Adventurers Club in the US, where ambassadors and friends of the brand share their experiences with Bremont owners.

Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes website.

Tuesday, February 3, 2015

Valentine’s Day: 10 Lovely Ladies’ Watches with Muscle

The Margot by Christophe Claret

Women deserve timepieces that are not only beautiful and stylish but also have the power and complexity of men’s watches. In other words they should have watches with robust movements and advanced complications. 

During the past few years watch companies have been listening to women who want their watches to be more than just pretty face. 

Keeping this in mind I curated 10 watches in which the majority combine beauty with muscle.

The Margot watch from independent watchmaker Christophe Claret  (top picture) creatively answers the timeless French question, “He loves me... he loves me not.” The center of the dial has a daisy. At each press of a pusher at 2 o’clock one or two petals of the flower disappear. At the same time a “sentiment” is displayed on the dial at 5 o’clock, along with a chime: un peu (a little), beaucoup (a lot), passionnément (passionately), à la folie (madly) and pas du tout (not at all). Both the petals and expressions are presented randomly. Pressing the reset pusher at 4 o’clock makes all petals reappear around the pistil. The blue mother-of-pearl outer dial has pear-shaped diamonds at 3 o’clock, 6 o’clock and 9 o’clock. The display back reveals the EMT17 automatic rotor, a carved, flower-shaped carrousel of colors, with a central cabochon concealing the rotor’s ball bearings.


The Breguet Reine de Naples is a highly complicated watch in a bejeweled oval-shaped case. The 18k white gold bezel and case are set with 131 baguette diamonds. The flange is set with 73 brilliant-cut diamonds and the crown is set with a briolette diamond. Dial in 18k gold enhanced with 147 brilliant-cut diamonds. Complication showing the day and night in the upper half, with the sun represented by the Breguet balance-wheel and a hand-engraved titanium moon, together rotating in 24 hours. The watch is powered by Breguet automatic movement.


The Chopard Happy Sport Tourbillon Joaillerie houses a Chopard L.U.C 02.16-L tourbillon movement. Available in 18k white or rose gold, the diamonds represent snow that entirely carpets the dial. The tourbillon bridge is gem-set and the bezel is embellished with 36 trapeze-cut diamonds. The crown features baguette-cut diamonds and a briolette-cut diamond. Seven diamonds on the tourbillon spin between two sapphire crystals. 


Bulgari Lucea Black is housed in an 18k pink gold case and crown and cabochon-cut pink stone set with a diamond. Powered by the caliber B77 automatic movement with the date window at 3 o’clock. Black dial with sunburst guilloché motif, pink gold-plated hands, hour-markers and Roman numerals.



Baume & Mercier Promesse is a watch practically created for Valentine's Day. Polished and satin-finished steel, this 34 mm watch is powered by a Swiss-made automatic caliber. The silver-colored “drapé guilloché” dial is accented by gilt Roman numerals and diamond-set indexes.


The sale of the Frédérique Constant Ladies Automatic World Heart Federation supports the World Heart Federation’s “Hearts of Children” campaign. The 34mm bi-color stainless steel and plated rose gold case has a bezel set with 48 diamonds. The dial has the WHF logo in the center. It is powered by the FC-303 caliber, automatic movement decorated with the WHF logo and “Hearts of Children” on engraved sunray bridges.



As the name suggests, Girard-Perregaux Cat's Eye Anniversary, celebrates the collection’s 10-year anniversary with a dial blanketed in metallic rays. The dial features a gray-tinted white mother-of-pearl backdrop with 73 sapphires at tips of the rays ranging from bright to pastel pink. The bezel of the iconic oblong case is adorned with 62 brilliant-cut diamonds. It is powered by the GP03300 automatic movement.


Harry Winston Avenue Classic Diamond Drops is set with 29 brilliant-cut diamonds. The white gold case of this watch serves as a frame to showcase the composition of the dial, like a window gazing out towards the sky. The textured base of the dial is shown in shades of grays, creating a contrast to the sparkle of the diamonds. A snow-setting featuring 190 brilliant-cut gems cascades down the dial, providing movement and emotion.


Carl F. Bucherer Pathos Diva stainless steel and 18k rose gold watch is powered by the caliber CFB 1963 automatic movement.


Tissot T-LADY T072 features a rose-gold, PVD case, brown MOP dial surrounded by mother-of-pearl and a two-tone bracelet. It is powered by the Powermatic 80 automatic movement. 

Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes website.

Tuesday, January 13, 2015

Red Carpet Jewelry Roundup for 2015 Golden Globe Awards

Jessica Chastain in Piaget Limelight Couture Précieuse Earrings in white gold set with 194 brilliant-cut diamonds (approx. 12.91 ct).

In terms of jewelry, the Golden Globe Awards Red Carpet on Sunday resembled more of a Dîner en Blanc event then it did a major entertainment industry celebration. There was so much white it was blinding.


Naomi Watts in Bulgari's signature Serpenti diamond necklace.

Colorless diamonds with white gold and platinum was by far the leading trend on the red carpet Sunday. Very few bold statements as well, as classic, understated styles were the norm.

Julianne Moore in Chopard with two platinum and diamond bracelets and three rings.

Colored gemstones and yellow gold were near invisible. This is unusual considering that the trend in recent years had been leaning well toward colored gems, colored diamonds and yellow gold.

Anna Kendrick in Fred Leighton 1960s ruby and diamond pendant earrings.

Of course the big jewelry houses adorned the biggest stars and made the biggest splash. Jessica Chastain sparkled in white gold and diamond earrings and cuffs by Piaget. Naomi Watts may have the only bold statement of the evening wearing Bulgari’s iconic Serpenti diamond necklace. Julianne Moore was a consensus best dressed of the evening as she matched her metallic gown with two platinum and diamond bracelets and three rings by Chopard.

Allison Janney in Martin Katz 15.83-carat fancy yellow radiant diamond ring microset with 370 diamonds, 7.13-carat fancy yellow radiant diamond earrings, and a yellow radiant and white emerald cut diamond bracelet with 15 fancy yellow diamonds and 15 white emerald cut diamonds.

Fred Leighton also seemed to be the most visible brands on the red carpet Sunday. Usually this would mean a variety of color and styles but not this year. Only Anna Kendrick chose to wear understated ruby and diamond pendant earrings and ring.

Kate Hudson in Forevermark Diamond Jewelry, including Forevermark Exceptional Diamonds by Slane Earrings, a Forevermark Diamond Ring set in platinum, and a Forevermark Diamond Line Bracelet set in platinum.

Martin Katz, known for his diamond designs, although he had been venturing into color in recent years, adorned several stars Sunday but only Allison Janney went with something a bit different using fancy yellow diamonds, but still understated.

Chrissy Teigen in $1 Million in diamonds by Harry Kotlar, including a radiant cut diamond ring and cushion cut pink and white diamond earrings.

The De Beers Forevermark diamond brand, which personifies whiteness in its jewelry, adorned no fewer than three red carpet stars with layers of white diamond and metal jewelry (Kate Hudson, Giuliana Rancic and Frances O’Connor).

Katie Cassidy in $1 Million of Diamonds by Harry Kotlar, including 8-carat round brilliant diamond stud earrings.

Model Chrissy Teigen and actress Katie Cassidy both looked stunning, each wearing more than $1 million of understated (believe it or not) jewelry by Harry Kotlar.

Mark Ruffalo in a Montblanc Star Twin Moonphase timepiece.

Montblanc and Jaeger-LeCoultre helped dress several men in their timepieces and Montblanc added cufflinks for at least two more men walking the red carpet. Hip Hop artist Common sported a carved moonstone elephant and diamond jabot by Fred Leighton.

Jeremy Renner in a Jaeger-LeCoultre Master Ultra Thin timepiece.

However, the highlight among those wearing watches was Diane Kruger who looked stunning in a Jaeger-LeCoultre Joaillerie 101 Art Deco timepiece.


Diane Kruger in a Jaeger-LeCoultre Joaillerie 101 Art Deco timepiece.

Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes website.

Thursday, December 4, 2014

Piaget To Unveil Record-Breaking Ultra-Thin Altiplano Chronograph


Piaget has released the first images of a new timepiece that it says sets records for the world’s thinnest chronograph movement and world’s thinnest chronograph timepiece.

The Altiplano Chronograph will be shown publicly for the first time at the 25th Salon International de la Haute Horlogerie, January 19 – 23 in Geneva. The luxury brand, known for its record-breaking achievements in its ultra-slim timepieces, says this is the first ultra-thin, hand-wound chronograph for Piaget in its ultra-thin Altiplano collection and the first one with a major complication.

The in-house 883P handwound chronograph caliber set a double slimness record for its 4.65 mm hand-wound flyback chronograph movement, and for its 8.24 mm case, the company said. This achievement was the result of two years of development at Piaget’s La Côte-aux-Fées, Switzerland, manufacturing facility.


The collection of ultra-thin parts to create the timepiece includes the cannon-pinion (0.12 mm), the barrel staff (0.115 mm) and the chronograph gear finger (0.06mm). The watch has a 50-hour power reserve. It displays hours, minutes, small seconds at 6 o’clock, along with a 30-minute counter at 3 o’clock and a 24-hour dual-time indication at 9 o’clock. Its flyback function serves to reset the chronograph hands to zero simply by pressing them and then automatically restarting a new timing cycle. In addition, the chronograph is controlled by a column-wheel responsible for coordinating its phases, and by a vertical coupling-clutch system ensuring precision. This movement, visible through the transparent case-back, has a circular Côtes de Genève stripe decoration, a circular-grained mainplate, beveled bridges, sunburst wheels and blue screws.


The dial features a sunburst satin-brushed finish, slender baton-type hands, and slim alternating single and double hour-markers. The chronograph counters are not hollowed as is usually the case, but appear on the same level as the rest of the dial. The elongated chronograph pushers blend into the curves of a streamlined ultra-thin 41 mm diameter case. It is complemented with an alligator leather strap fitted with a pin buckle. The watch is available in pink gold or white gold set with 56 brilliant-cut diamonds (approximately 1.8 carats).

This timepiece is the latest representation of Piaget’s expertise in ultra-thin watches that dates back to 1957. The company has created 25 ultra-thin movements that hold 14 world records for their thinness.

Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes website.

Wednesday, July 30, 2014

Kering Acquires Ulysse Nardin, Pays 13 Times Earnings For High Watch Brand

Ulysse Nardin Marine Diver

Kering makes another jewelry and watch acquisition. This time the French multinational company said Wednesday it will acquire a 100 percent stake in the Swiss luxury watch brand Ulysse Nardin. The watchmaker will join Kering’s recently formed “Luxury – Watches and Jewellery” division headed by Albert Bensoussan. Kering added that the Ulysse Nardin management team, led by Chai Schnyder, president of the Board of Directors, and CEO Patrik P. Hoffmann, will remain in place.

Kering (formerly known as PPR) hasn’t been shy about upping its stakes in the “hard luxuries” category (jewelry and watches). François-Henri Pinault, Kering’s chairman and CEO, said that in a statement that Ulysse Nardin, as one of the last remaining independent haute horlogerie brands, will reinforce its growing jewelry watch division, which consists of Boucheron, Dodo, Girard-Perregaux, JeanRichard, Pomellato and Qeelin. Three brands (Italian jewelers Pomellato and Dodo; and Hong Kong jeweler Qeelin) were acquired by Kering within the past two years. Those acquisitions along with Ulysse Nardin are evidence of the company’s pursuit of luxury jewelry and watch companies. Kering also owns brands in the high fashion, lifestyle and sports merchandising categories.

In addition, both companies say the acquisition will allow Ulysse Nardin to expand more rapidly in Asia. Expansion in Asia is something else Kering has been open about in recent years. 

“Ulysse Nardin benefits from a rich heritage, high profitability and solid growth prospects,” Pinault said. “Independent high-end watchmaking manufactures are rare. This is an opportunity that we had to seize, particularly because this structural acquisition will enable us to take advantage of numerous synergies with our existing brands. We have great ambitions for this company and we will help it continue its international expansion whilst staying faithful to its roots and its identity.” 

The company declined to give an acquisition price but during a conference call Wednesday, Jean-Marc Duplaix, Kering CFO and Jean-Francois Palus, Kering managing director, said the company paid 13 times Ulysse Nardin’s 2013 earnings before interest, taxes, depreciation and amortization. Palus said it is a “fair (price) for a brand with such a rich heritage high visibility and growth prospects.”

As a private company, Ulysse Nardin doesn’t disclose much of its finances or manufacturing volume and Kering wouldn’t release those details. An analyst at the conference call asked if media estimates of annual sales of 250 million Swiss francs and annual turnover of 27,000 pieces per year were accurate. Duplaix responded by saying the “assumption you mentioned is quite sensible and so is the volume of watches the brand is selling per year.” He added that Ulysse Nardin “will become the backbone of our watch business.”

Ulysse Nardin, based in Le Locle, Switzerland, specializes in creating ultra-complicated timepieces, many of them considered groundbreaking achievements, using cutting-edge technologies and state-of-the-art materials. For example, it was one of the first companies to use silicon in its timepiece movements and is one of the few Swiss watchmakers to have its own production capacity for critical watch components, particularly regulating systems.

The independent company was founded in 1846 by Ulysse Nardin with its roots in the nautical world for navigational purposes. It was taken over and re-launched in 1983 by Rolf W. Schnyder who transformed it into a highly profitable business. After his unexpected and sudden death in 2011, Chai Schnyder, Rolf Schnyder's wife, and Hoffmann took over the lead of the company. 

The company still benefits from a very strong brand identity based on its historical expertise in marine chronometers.

“Joining Kering is an opportunity for Ulysse Nardin,” Chai Schnyder said. “It will allow the brand to carry on with its international expansion and continue to innovate, while assuring the long-term future of its knowledge and expertise and communiqué.”

Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes website.

Tuesday, October 9, 2012

Chopard’s 2012-2013 Winter Collection of Jewelry, Watches, Clocks and Games



Luxury house Chopard recently unveiled a collection of jewelry, timepieces and even a backgammon set for the winter season. Items include the following:

L.U.C Quattro Table Clock
The table clock is inspired by the famous Haute Horlogerie L.U.C collection and one of its flagship models. For the very first time, Chopard offers a table clock equipped with a mechanical hand-wound movement with an eight-day power reserve.


Imperiale Jewelry
To accompany the Imperiale watch, Chopard created a new line of jewelry. The motif that adorns the dials of the watches, inspired by the traditional embroideries that once decorated imperial gowns and cushions, is apparent within the design of the pendants, earrings, rings, and bracelets. The collection is set in 18k rose gold or white gold, featuring amethyst, pink quartz or chalcedony.


Happy Sport Chrono
The Happy Sport chronograph in diamond-set rose gold remains loyal to the very essence of the Happy Sport collection—with a white mother-of-pearl dial and delicate gem-setting.


Precious Temptations
Chopard creates a banquet of sweet delights, combining precious stones with gems to create an array of pink sapphires, amethysts, rubellites, tsavorites, tourmalines and opals.


L.U.C Quattro
The new L.U.C Quattro is powered by one of the biggest successes of Chopard Manufacture—the four-barrel L.U.C 98.01-L movement. The timepiece adopts the new aesthetic codes of the L.U.C collection that combines Haute Horlogerie with distinguished lines.


Backgammon Set
Chopard’s backgammon set is in black-lacquered sycamore wood featuring red, cream and black sycamore marquetry.


Animal World Collection Seal Lion Necklace
To celebrate its 150th anniversary, Chopard has taken on the challenge of signing an Haute Joaillerie collection of 150 unique animal-themed pieces. This year Chopard introduces its Sea Lion Necklace with white south sea cultured pearls and diamonds.


Happy 8
The Happy Diamonds collection explores the symbolism of the figure 8 with a new collection of watches, pendants, rings and earrings. The ideal curves, richness and power of the figure 8 have inspired Chopard to create a collection where the infinity purity of the lines echoes that of the materials in a subtle association between diamonds and gold.


Grand Prix de Monaco Historique Chrono 2012
The new watch, with its matte grey, vivid colors and racing stripes, is a tribute to 1970s racing cars. Equipped with a mechanical self-winding movement chronometer-certified by the COSC, the timepiece displays the hours, minutes, small seconds and the date, naturally complemented by chronograph functions and a tachometric scale.


Please join me on the Jewelry News Network Facebook Page and on Twitter  @JewelryNewsNet.

Tuesday, July 24, 2012

Swatch Group Underscores Strength of the Swiss Watch Industry


Swatch Group, the world’s largest watch company, said Tuesday that its watch and jewelry sales for the first half of 2012 grew 16.7 percent to 3.4 billion Swiss francs ($3.42 billion), year-over-year. The company owns 19 watch and jewelry brands in all market segments, including Swatch, Breguet and Longines.

The results by Swiss company underscores the strength and resiliency of the Swiss watch industry despite the economic problems facing much of the world. Last week, the Federation of the Swiss Watch Industry reported that watch sales for the first half of the year increased by 16.9 percent to 9.5 billion francs ($9.55 billion).

Swatch Group—which also produces movements, hands, crowns, cases, screws, pallets, escapements, electronic circuits, batteries, ceramics and sapphire for its own products and its competitors—saw its gross sales increase 14.4 percent to 3.84 billion francs ($3.86 billion), surpassing the record 2011 half-year figure.

Operating profit for the first half of the year increased by 19.4 percent to 903 million Swiss francs ($908.6 million). Net income increased 25 percent to 724 million francs, year-over-year ($728.4 million).

The Biel/Bienne-based company, in its outlook, expects “dynamic growth in all segments and regions, notably also outside Asia,” for the second half of the year.

Friday, March 9, 2012

Cautious Optimism Fills Baselworld Buoyed by Asian Demand for Luxury


A fractured arm kept me from attending Baselworld this year. Fortunately, I know some of the best writers and experts in the jewelry and watch industry. One of those folks is William George Shuster who has kindly agreed to take time from his busy schedule to write a few stories from the tradeshow. Below is his first report from the event.

By William George Shuster
Special Correspondent

BASEL, Switzerland – Baselworld, the world’s largest and most important watch and jewelry trade show, opened March 8 amid optimistic expectations by many for good business in 2012—but not too optimistic.

“We’re confident about 2012” because of strong business results in 2011, especially in luxury due to China’s appetite for it,” said Francois Thiebaud, chairman of the show’s Swiss exhibitors and president of upscale watch brand Tissot, echoing many vendors, “but we’re not overconfident. The Eurozone crisis and debt problems elsewhere could still have effects [on business].”

This 40th annual BaselWorld fair, in Basel, Switzerland, Mar. 8 – 15, has 1,815 exhibitors (608 in watches, 689 in jewelry and 518 in related products and services) from 41 countries. More than 100,000 buyers and visitors from 100 countries are coming, and all is being reported on by more than 3,000 print, TV, radio and Internet journalists from around the globe.

The reason for their interest is obvious: Because Baselworld is, in the words of Show Director Sylvie Ritter, “a microcosm, where the players from the world’s watch and jewelry industry gather for a week.” It is an important bellwether of products, innovations and trends affecting the industry, consumers, and the retail business worldwide for year ahead.

Bullish. The cautiously bullish mood among exhibitors and analysts at the show is based on strong—even record-breaking—results for watch and jewelry exports and sales in 2011, especially in the luxury sector. That’s due largely to sharply rising consumer demand in Asia, especially China, say industry analysts in Basel. These strong business statistics for 2011 came despite many economic problems affecting sales and profits worldwide, they say, including the dramatic debt crisis in many Eurozone countries, the uncertain U.S. economy and the strong Swiss franc (which weaken Swiss watchmakers’ profits). Still, “[even] in this far-from-encouraging environment,” said Jacques J. Duchêne, long-time President of the Show Exhibitors’ Committee and former Rolex SA executive, at the annual pre-show press conference, “one industry has been able to stand up well and even break numerous records—the watch and jewelry industry.”

Indeed, it has. The year 2011 was “historic,” as Duchene put it, for the Swiss watch industry. Their exports totaled 19.3 billion Swiss francs (about $21 billion), an increase of 19.2 percent, making it the best year ever in the industry’s history—rebounding from its worst in 2009. Actual pieces exported were just under 30 million.

Unquenchable. Much of that was led by the seemingly unquenchable demand in Asia for fine watches: Over half (55 percent) of the Swiss exports went to Asia, primarily China, up 48.7 percent. (North America got 14 percent while Europe got 29 percent).

Duchene was quick to point out, however, that the Swiss success is not only due to the Far East. “It’s true demand was very buoyant in Asia,” he said, “but the watch industry has built up a good reputation in all emerging countries and succeeded in creating demand, especially in the luxury-products segment.”

So, “even in the face of a rather unfavourable economic environment, we envisage export growth in 2012,” Duchene said.

The Swiss aren’t the only ones feeling bullish about 2012. Spokesmen for the German, French, Italian, Israeli and Hong Kong delegations (the latter, being the show’s second-largest) also report good sales and export results in both watches and jewelry in 2012, despite the economic challenges, again especially in the luxury sector (and again, buoyed by record Chinese consumer consumption of revelry and watches). They too were upbeat about business results for the industry in 2012. As Gaetano Calvalieri, president of The World Jewellery Confederation (CIBJO) and spokesman for the Italian delegation, noted, “consumers in Asia, especially China, will carry Italian jewelry industry to new heights.”

Even if Chinese consumption slows slightly in 2012, as some reports suggest, “Even a one digit increase in demand this year is more than last year,” said Thiebaud.

"Excellent.” Those in the gem and diamond business also expressed upbeat predictions for 2012.

Eli Avidar, Managing Director of the Israel Diamond Institute Group of Companies, told its annual Baselworld luncheon that 2011 was “an excellent year” for the Israeli diamond industry, which exported $7.2 billion of polished diamond, and has “emerged from the crisis [of the 2008/2009 recession] stronger.” Again, some of this is due to Asia. “There is a steady rise in demand for large diamonds in China and we believe it will go much further,” especially is the international industry invests significantly in promoting diamonds and diamond jewelry in China. He also noted that there are “signs of recovery in the U.S. economy”—unlike Europe, where was no visible increase in diamond demand in 2001 or 2012—and we expect significant rise in demand in diamond jewelry in the U.S. this year.”

William George Shuster is a multi-award winning writer—including three Jesse H. Neal Award, business journalism's highest honor. He has 40 years experience as a journalist, author and editor. He is considered one of the world’s top watch industry journalists, covering the world of timepieces for the past 30 years.