Watches & Wonders 2020, the new version of the Geneva-based watch fair held by the FHH, previously named SIHH, is the latest in the growing list of events cancelled, postponed or relocated across the globe amid fears of a possible COVID-19 Coronavirus pandemic. The Geneva watch fair is one of the largest watch events around […]
Following the announcements by the Swiss Watch Federation with slightly growing export numbers and record results by LVMH for the year ended December 31st, Swatch Group has just announced its 2019 results, which aren’t as positive as its competitors and the whole market. At CHF 8,243 million, the group net sales are down 1.8% at constant […]
Year after year, the publication of the annual results of LVMH is no more a surprise… Growth has become the norm for the world’s largest luxury group, which operates in multiple businesses such as fashion, wine, perfumes, selective retailing and, of course, watches and jewellery – the group is the owner of Bvlgari, Hublot, TAG […]
The FHS (Federation Horlogère Suisse or the Swiss Watch Federation) just released the export statistics for 2019. Swiss watch exports showed growth in December (+5.8% at CHF 1.7 billion). For the whole year 2019, exports rose by 2.4% in value at CHF 21.681 billion, however, the units shipped dropped by 13.1% at 20.634 million and […]
If you follow watch industry news on a regular basis, you will have seen that last week the watchmaking division of the LVMH Group – TAG Heuer, Zenith and Hublot – as well as Bvlgari, were hosting their very own watch fair in Dubai, the LVMH Watch Week. We’ve presented most of the novelties to […]
Switzerland-based luxury conglomerate Richemont has issued its trading update for the quarter ended 31 December 2019. Richemont announced that at EUR 4,156 million, sales in the quarter rose 6% at actual exchange rates and 4% at constant exchange rates. The business statement was particularly awaited, considering the situation in Hong Kong, a major business hub […]
New year, new decade and… new expectations too. We, at MONOCHROME, love watches and the watchmaking industry as a whole. No debate. And well, you know the drill, “spare the rod, spoil the child”. Since we enjoy watches and horology that much, we can’t help being critical, expecting more, wanting the industry to improve, to […]
This weekend, several major Swiss publications announced that COMCO (the Swiss Competition Commission) was about to announce that ETA, one of the major Swiss producers of watch calibres, ébauches and parts, would be forced to stop deliveries of movements to third-party manufacturers and watch brands as of 2020. The Swatch Group reacted strongly to this […]
Launched in November 2015, Czapek is still a relatively young independent watchmaker, which in 4 years has managed to become one of the top members of the indie scene, among other great names. Still, if the brand Czapek was recently unveiled, the name Czapek has a long, rich and impressive history. And there’s much more […]
Here, at MONOCHROME, we adore watches. Mechanical, high-end watches, hand-finished. We’re not really the right platform to write about smartwatches, or even quartz watches – this is our editorial choice, and we’ll stick to that. But last week, Swatch introduced SwatchPAY!, and that is a big innovation. I actually believe that this new introduction could, […]