Industry News – Swatch Group Revenues and Profit Down in 2024

It’s the time of year when businesses announce their financial performance. Following Richemont and LVMH, Swatch Group has just released its 2024 results. In a challenging environment for the watch industry, the sales of Swatch Group – the Swiss powerhouse and owner of Omega, Longines or Tissot – were CHF 6,735 million, down 12.2% at […]

9 months ago

In-Depth – The History of the ETA Unitas 6497 and 6498, the Ubiquitous and Robust Hand-Wound Calibre

How do a pair of manually wound, time-only, pocket watch-sized, potentially outdated movements introduced in the 1950s earn a place in our series on significant calibres, alongside the well-known El Primero and Valjoux 7750 chronograph calibre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 […]

1 year ago

Industry News – Swatch Group Reports Sales Down 14.3% for the First Half of 2024

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 […]

1 year ago

In-Depth – The History of the ETA 2892, The Enduring Elite Movement from ETA

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 […]

1 year ago

In-Depth – The History of the ETA 2824, the Workhorse Calibre that Shaped the Industry

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 […]

1 year ago

A Technical Perspective – All About Omega’s Laboratoire de Précision, a new Chronometer Certification to compete with COSC, Open to all Brands

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 […]

1 year ago