Luminosity is at the heart of the latest creation from Urwerk. The time display, left visible by the cover that locks over the trademark satellite hours, gives off a green glow, hence the Kryptonite name. Guaranteed danger-free.
Having acquired Watchfinder, a UK-based platform for buying and selling pre-owned watches, Richemont is the first big name to enter the increasingly coveted and fast-growing market for second-hand timepieces.
The Otturatore with its sequential display module required an additional year's work to stabilise the mechanism. As the first timepiece to be entirely developed by Grisogono, it underlines the company's determination to be seen as a serious contender in mechanical watchmaking.
Competitive intelligence is a time-consuming and costly process, but all that is about to change. Two young watch industry executives have developed a fully automated platform, launching October 1st.
Investors responded positively to Richemont's five-month sales, with the Group's share gaining 6.7% on the day figures were released. Morgan Stanley had already issued a buy recommendation in mid-August.