Archive for January, 2007

Swiss Watchmakers Fear Counterfeits Will Damage Industry


For the Swiss watchmaking industry it’s the best of times—and the worst of times.

“Swiss watch manufacturers have never had it so good, especially the major prestigious brands,” says veteran Swiss watch executive Jacques J. Duchêne, president of the Exhibitors’ Committee of BaselWorld, the international trade show in Basel, Switzerland, the world’s largest watch and jewelry show. “2006 was a record year in every respect,” for the third consecutive year. Exports rose 10.9 percent to 13.7 billion Swiss francs (about $11.3 billion).

SIHH Expects 13,000 Visitors; Honors Women and Watches


The 17th annual “Salon international de la Haute Horlogerie,” in Geneva, Switzerland opened Monday and runs through Saturday.

Watch industry professionals travel from around the world to attend this invitation-only seven-day fair, which brings together 16 prestigious luxury brands. Most are owned by the Richemont Group; others are well-known independents. They include A. Lange & Söhne, Alfred Dunhill, Audemars Piguet, Baume & Mercier, Cartier, Girard-Perregaux, IWC, Jaeger-LeCoultre, JeanRichard, Montblanc, Officine Panerai, Parmigiani Fleurier, Piaget, Roger Dubuis, Vacheron Constantin and Van Cleef & Arpels, all in Geneva’s Palexpo center, next to the Geneva Airport. Together, they account for much of the global luxury watch business.

'Omegamania' Auction Sets Records in Geneva, Basel


“Omegamania,” the auction of 300 rare Omega watches in Geneva, Switzerland, generated more than 6.5 million Swiss francs (almost $9 million), selling all 300 lots for three times their presale estimates. The auction, held Saturday and Sunday, had generated great interest among watch collectors and enthusiasts around the world. It was organized by Antiquorum, the leading horological auctioneers and was the first thematic sale devoted solely to Omega.

Several world records, including the highest price ever paid at auction for a self-winding wristwatch, were set. That was for a platinum Constellation Grand Luxe from 1953, which went to a Swiss bidder for 413,700 Swiss francs (almost $560,480) after fierce competition from bidders in Italy and Japan.