The Deloitte Swiss Watch Industry Study 2021 confirms a positive outlook for the sector, though not entirely without risks and challenges such as supply chain disruptions, greenwashing, falling export volumes, a diminishing appeal of Swiss-Made and reliance on China. There is still a lot to think about in a post-pandemic environment.
In partnership with the Responsible Jewellery Council, Cartier and Kering are launching the Watch and Jewellery Initiative 2030. Open to watch and jewellery brands across the globe, it lays down a common core of goals for the climate, natural resources and inclusiveness.
Greubel Forsey entrusted their timepieces to John Simonian as U.S. distributor and one of its retailer. Owner of the influential Westime boutique in Los Angeles, Simonian already had a lot of experience with high-end brands.
While a number of brands have chosen meteorite for certain of their dials, Antoine Preziuso has gone one step further. He is the only watchmaker to also use meteorite for cases, hands, buckles and crowns. Star quality indeed.
René Weber, a financial analyst with Vontobel, forecasts that growth in the Swiss watch industry's export markets will slow over the second half of 2010 and progress by 8% for the year overall.
A handful of firms dominate the Swiss market for synthetic jewels for the Fine Watch sector, with production of some 300 million per year. One, Pierhor, is an independent firm working at the high end of the market.
Very few men achieve such high iconic status in their own lifetime as that of Nicolas G Hayek. His pivotal involvement in the reconstruction of the Swiss watch industry will be studied, analysed, and emulated as an example to which many may aspire but only a very select few can achieve.
The horological community had almost grown used to his timepieces that defy the impossible. Now Thomas Prescher has achieved another impressive tour de force with his Triple Axis Tourbillon Regulator.