The German town of Glashütte has been a centre for fine watchmaking since 1845. Nomos Glashütte is marking the occasion with three limited-edition versions of a classic model.
Patek Philippe presents the new Ref. 5303 as its first minute repeater with the striking mechanism on the dial side, together with reinterpretations of the legendary Ref. 5370 Split-Seconds Chronograph and of the classic Ref. 5270 Perpetual Calendar Chronograph.
Latest statistics for the branch, together with annual results for Swatch Group and Richemont's nine-month figures, leave no doubt. The Swiss watch industry is cooling off. Records are still being set, but the mood is more subdued.
The year 2014 came to a close in a more difficult context for the Swiss watch industry, however exports by the sector continued to grow. The annual result recorded a total value of 22.2 billion francs, corresponding to an increase of 1.9% compared to 2013. As in 2013, which recorded exactly the same rate of growth, 2014 will have been a year of consolidation at a high level. Mention must be made however of the negative trend observed in November and December, linked to the autumn events in Hong Kong and the decline of the Chinese market.
Once upon a time there was the Poinçon de Genève, a hallmark introduced in 1886 and already intended as an effective measure against counterfeiting. Contrôle Officiel Suisse des Chronomètres (the famous COSC), which certifies the precision of Swiss watches that meet its criteria, dates from 1973 in its present form.