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.
Forbes has published its 2011 list of the world's richest people. Bernard Arnault, 61, Chief Executive of LVMH which recently added Bulgari to its portfolio, has climbed three places to fourth position, behind Mexican telecom mogul Carlos Slim (US$ 74 billion / € 52 billion), Bill Gates, founder of Microsoft (USD 56 billion / € 39.5 billion), and Omaha guru Warren Buffet (US$ 50 billion / € 35 billion). As LVMH shares surged +57% last year, Arnault added US$ 13.5 billion (€ 9,5 billion) to his fortune and now has a net worth of US$ 41 billion (€ 28,9 billion).
The auction house will doubtless live up to its reputation for record watch sales this May 16th. The lots on the block include enamel pocket watches and a few "stars" from Rolex, Longines and, of course, Patek Philippe.
With eight sales of timepieces totalling USD 91.2 million in Geneva, Hong Kong, New York and Dubai, 2010 was a record year for Christie's.
Denis Flageollet and David Zanetta, who set up De Bethune in 2002, will tell you that watchmaking lost its soul in the twentieth century. Now their ambition is to "save the concept of the mechanical watch," as the recently-unveiled Tourbillon Regulator demonstrates.
The land of the rising sun is looking increasingly like a twilight zone, but Swiss watch brands still have faith: in spite of its problems, Japan remains an important market for the sector.