How do a pair of manually wound, time-only, pocket watch-sized, potentially outdated movements introduced in the 1950s earn a place in our series on significant calibres, alongside the well-known El Primero and Valjoux 7750 chronograph calibre and the omnipresent automatic ETA 2824 and 2892? Several factors contribute to their importance. Despite seeming unusual today, the […]
Self-winding calibres are undeniably an advancement, especially those boasting extended autonomy. Yet, there is a timeless ritual, almost archaic, the deliberate act of winding a watch by thumb and forefinger, each click of the ratchet wheel a symphony for the discerning ear. This tactile dance, this connection to the mechanics, is a pleasure some aficionados […]
At CHF 3,445 million, the sales of the Swatch Group, the Swiss powerhouse owner of Omega, Longines or Tissot, are down 14.3% at constant exchange rates and 10.7% at constant rates. The declining sales strongly impact the operating profit at CHF 204 million against CHF 686 million for the previous year. Swatch Group advises that […]
Introduced in the 1970s during the rise of quartz movements, which were poised to dominate the industry, threatening to eclipse and eradicate mechanical mechanisms almost entirely, the ETA 2892 has become one of the most renowned and widely used self-winding calibres produced by the Swatch Group’s giant movement maker. Like the ETA 2824, the 2892 […]
The ETA 2824 movement was a groundbreaking invention that left a lasting impact on the watchmaking industry. Introduced in the 1970s, the ETA 2824 quickly set the standard with its efficient mass production and reliable performance. It retained its popularity for over fifty years until the circumstances and demand for innovation led to the creation […]
Omega is one of the largest luxury watchmakers on the market, carrying multiple emblematic models (Seamaster and Speedmaster, to name a few). However, one vital element of the brand’s success lies in its almost unique take on precision. Omega has long been a pioneer in this field, often ranking first in chronometry contests and introducing […]
The Federation of the Swiss Watch Industry has just released their export statistic for 2023 – December ended the year on a positive note with exports up 5.5%. For the year as a whole, the industry exports recorded an increase of 7.6% compared to 2022, reaching their highest level ever at CHF 26.7 billion for […]
Following the announcement in July 2023 of its half-year results showing an impressive growth of 18% in sales, Swatch Group has just issued its key figures for the entire year 2023. The Biel-based conglomerate, owner of brands such as Omega, Longines, Tissot or Breguet, reports sales up by 12.6% at constant exchange rates, or 5.2% […]
Swiss watch giant Swatch Group, the umbrella above brands such as Omega, Breguet, Tissot, Longines and many more, has just released its 2023 half-year sales report, for the period January 1st – June 30th. At CHF 4,019 million, net sales are up 18.0% compared to the previous year at constant exchange rates, or 11.3% at […]
Following a couple of years drastically impacted by the COVID-19 pandemic, the luxury industry in general and the watch industry, in particular, have been on the rise again since the end of 2021. According to consulting company Bain & Co, sales of luxury goods are anticipated to grow by over 20% in 2022, and the […]