A global trading platform for pre-owned watches
Two of the biggest names in global luxury watch retail have joined forces to create a worldwide e-commerce platform for the buying, selling and trading of luxury pre-owned timepieces. Danny Govberg, CEO of America’s Govberg Jewelers and Liam Wee Tay, former owner of Singapore’s Sincere Watch are working with investor-entrepreneur Justin Reis to accelerate the growth of WatchBox. The operation has secured over $100 million of investment from CMIA Capital Partners, a Singapore-headquartered private equity firm. WatchBox began life as the pre-owned e-commerce site of Govberg earlier this year.
World’s first drone delivery of a watch
As a truly innovative business, Weird Ape trialed a drone delivery of two skeleton Watches to an English customer to test the technology and to stay ahead of the competition. Weird Ape believes that drone deliveries will be feasible in the future for many rural locations. Market research carried out by Weird Ape suggests that customers will be prepared to pay a premium to have their watch delivered within an hour for an important event.
Did you know?
At the 1851 Great Exhibition in London, Patek Philippe showed a watch measuring 9-mm in diameter. It held the record as the smallest cylinder escapement watch for almost half a century, until the chronometer-maker Paul Ditisheim claimed the title for the half-boule watch he presented at the Paris World’s Fair in 1900. Fitted with a movement measuring 6.75-mm and a cylinder escapement positioned above the mainplate, it weighed just 0.95 grams.
A third Good Design Award for Louis Moinet
For almost 75 years, the Good Design Awards have considered the extent to which creative designs enrich the contemporary world. Of the almost 1,000 applications submitted in 2016, Louis Moinet was the only watch brand to win one of the Awards. The winning piece – the Sideralis – revolves around (dare we say) two exceptionally large tourbillons which are positioned not just above the movement but sit above the dial, where they rotate in opposite directions one to the other. This inverted rotation drives the Sideralis’ complication.
Did you know?
An American painter, Pop Art figurehead and legend of the New York scene,Andy Warhol had a talent for standing out. He wore his Tank watch but never wound it: “I really don’t wear it to tell the time…” he admitted once during an interview.
Prix Gaïa 2017: and the winners are…
This year, the “Prix Gaïa 2017”, honors three key personalities from the watchmaking field, one for each of the three categories: Jean-Marc Wiederrecht for “Craftsmanship and Creation”, Laurence Marti for “History and Research” and Richard Mille for “Entrepreneurship”.
Big Ben falls silent
On August 21st on the stroke of midday, Big Ben – the bell inside the Palace of Westminster in London – chimed one last time before being silenced for the next four years. Both the tower and the clock mechanism are to be renovated as part of extensive repair work on the palace, where the British Parliament sits. The clock will continue to show the time thanks to a replacement mechanism, and at least one of its faces will remain visible to the public. The bell has been silenced once before due to renovation work, between 1983 and 1985, and again in 2007 for maintenance.
Did you know?
The Paris meridian was established in 1667, the same year the Paris Observatory was founded. In 1884, the International Meridian Conference in Washington chose Greenwich as the prime meridian. The changeover was debated at length, and with great passion, by parties representing France and Great Britain. The British agreed that if France abandoned the Paris meridian, Britain would adopt the metric system in exchange – a measure that has still to be applied. A further thirty years would go by until a law was passed, on March 9th 1911, that officialised the Greenwich Meridian in France.
Georges Kern switches to Breitling
The news, last Friday, that Georges Kern had resigned with immediate effect as Head of Watchmaking, Marketing and Digital at Richemont, six months after his appointment, took the watchmaking microcosm by surprise. The reason behind this unexpected decision – that Mr Kern is the new co-owner of Breitling with Luxembourg investment firm CVC – has now been confirmed. His (flight) plan to relaunch the brand with the winged B remains to be seen…