Panerai continues its pursuit of novel applications for materials with the introduction of an unusual combination in the Submersible family.
IWC Schaffhausen has opened the doors to its new flagship in Zurich for an interactive journey into its world. The immersive experience includes memorabilia, virtual reality and even a live link to IWC’s Manufacturing Center in Schaffhausen.
Fans of Aurel Bacs had been saving the date of Monday November 12th for some considerable time. When the auctioneer stepped up to his podium at 9.30am, in the refurbished Grand Salon of the Four Seasons Hotel des Bergues, extra seats had to be hastily added to an already packed room.
Following the slight downturn in September (since adjusted to -1.5%) watch exports quickly returned to their customary rate. They registered an increase of 13.2% in October, reaching the two billion franc mark (2.1 billion). The variation of the cumulative result was unchanged, remaining static at +13.7% for the first ten months of the year.
Always first off the (auctioneer's) block, Antiquorum opened the season with a sale of 613 lots on Sunday November 11th. Bidders filled the Grand Salon at the Mandarin Oriental Hotel du Rhône for the full seven hours of the sale, with the room emptying slightly only during the last half-hour: regrettably for the Cartier clocks and watches that didn't find a taker. The sale realised a total CHF 8.8 million with 494 lots sold and 19% unsold.
For the third time, Johann Rupert is stepping down from his position as CEO of Richemont while continuing in his role as Executive Chairman. And for the third time, the group has largely benefited from his experience, as interim figures confirm.
You may recall that at the start of the year, I enlisted the help of Cassandra, not known for her optimism, to attempt some predictions and write, in this column, that Swiss watch exports could expect to rise by 5%.