The Exceptional Jewelry News Network Holiday Luxury Watch Guide

Check out the 11 timepieces below for men and women that would make anyone feel special this holiday season.

The 39mm diameter Montblanc Star Classique has eight indices and four numerals plated with gold, as are the leaf-shaped hour-hand and minute-hand. The little second-hand turns its circles on a subdial in the shape of the iconic Montblanc emblem at 6 o'clock. The sapphire crystal caseback reveals the self winding mechanical caliber MB 4810/408 with its ball-borne winding rotor and golden balance. It retails for $10,450 and is available at select Montblanc boutiques and retail locations.

The Vacheron Constantin Patrimony Traditionnelle Self-Winding is a classic watch from the oldest manufacturer of fine timepieces. It reveals its timeless character through details such as the slender bezel, the knurled motif on the screw-down case-back, 18k pink gold, applied hour-markers, and elegant dauphine hands. The gold case frames an opaline silver-toned dial punctuated by 18k pink gold hour-markers. The 41mm case houses an ultra-thin Calibre 1120. It retails for is $31,300. It is available at Vacheron Constantin boutiques in New York, Las Vegas, and Costa Mesa, Calif., or by calling 877-862-7555 for the nearest retailer.

The Girard-Perregaux Cat's Eye features 150 emerald-cut diamonds on its white gold case, 102 emerald-cut diamonds on its dial and 13 baguette diamonds on its black satin strap with ardillon buckle in white gold. It retails for $405,000 and is available at the Girard-Perregaux Boutique, 701 Madison Avenue, NYC. Phone: 646 495 9915.

Baume & Mercier Capeland 10088 is the brand’s first limited edition men's timepiece for Tourneau in the U.S. The 44mm automatic flyback chronograph has a blue tachymeter and black telemeter. It is distinguished by a copper-colored dial and a sapphire crystal caseback. The case is polished and satin-finished steel with an anti-glare face. It’s limited to 250 pieces, each one is numbered. It retails for $7,900 and is available at select Tourneau stores nationwide.

The Franc Vila FVi17 Chrono Bicompax contains the FVi Nº 7 Tourbillon Intrepido. This watch is designed to be sporty and elegant. There are two chronograph subdials at 3 and 9 o’clock with a date indicator at 6 o’clock. The black case is made of titanium, a material Vila favors for lightweight and durability. The complicated movement is caliber FV17, with the exclusive “Gold Concept Rotor.” It has a power reserve of 42 hours. It retails for $20,700. Visit francvila.com to view dealers of Franc Vila watches.

The Girard-Perregaux 1966 Equation of Time has a rose gold case and annual calendar. Then of course, there's the "equation of time" complication, which measure the difference between apparent solar time and mean solar time—perhaps the most esoteric of all measurements of time. It's shown with a gauge that measures the variance from +15m to -15m. It retails for $32,860 and is available at the Girard-Perregaux Boutique, 701 Madison Avenue, NYC. Phone: 646 495 9915.

A convex sapphire crystal and see-through case back give a glimpse of its inner workings of the Frederique Constant Worldtimer Manufacture. The dial comes in silver, with an engraved guilloche design or a detailed world map in the center. All functions are accessed by using the crown; there are no extra push buttons sticking out from the ultra-smooth and polished sides of the case. The Worldtimer function is achieved by selecting the desired city and placing it at the 12 o'clock position on the dial. Internal discs automatically synchronize, and after that, it’s possible to see what time it is in any of the 24 cities on the dial. It is limited edition collection of 1,888 pieces. It retails for $3,450 and is available at Bloomingdales.com.

The Jaeger-LeCoultre AMVOX7 Chronograph is inspired by the Aston Martin Vanquish, this watch has a titanium case with satin-finished lugs. A pivot mechanism allows the functions of the chronograph to be operated by pressing on the watch crystal. The chronograph function can be started or stopped by pressing the watch glass at 12’clock, while pressing at 6 o'clock resets to zero. The retail price is $26,000. Visit www.jaeger-lecoultre.com for purchasing information.

Frederique Constant Automatic Ladies Watch with Diamond features 56 diamonds. Hearts grace the inside of the dial while diamonds are used as hour indicators. It retails for $4,250 and is available at Bloomingdales.com.

The JeanRichard 1681 Collection is available in two versions: one with three hands and a date display, the other with a date display and small second display and in two colors, steel and pink gold. The time display appears against a classical rail-track minute circle. The three-hand version has applied Arabic numerals in a similar style to the hour-markers; the small second display at 9 o’clock counterbalances the date. The oscillating weight of the calibre JR1000, bearing the new signature of the brand, can be seen through the screw-in case-back. The 1681 pictured retails for $6,400 and is available at Kenjo Watches in New York.

Baume & Mercier Linea 10036 ladies watch comes with a double wrap strap in the light brown calfskin, however, there are several other colored bands (single and double) that may be interchanged. The 27mm round watch has a satin finish and a quartz movement. It retails for $1,950 with the interchangeable bands $200 each. Call 1-800-Mercier for purchasing information.

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Richemont Sales Up 37%, Jewelry Sales Up 32%, Watch Sales Up 38%

Richemont headquarters

Luxury goods group Cie. Financiere Richemont said Friday that year-over-year sales for the six months of 2010 increased 37 percent to 3.26 billion euros ($4.47 billion). At constant exchange rates (excluding currency fluctuations and other conditions) the increase was 27 percent for the period ended September 30. When removing the company’s recent acquisition of Internet retailer Net-A-Porter.com, sales increased by 22 percent.

The Geneva-based company said the strong growth in sales reflects, in part, low comparative figures in the prior period, when reported Group sales decreased by 15 percent.

Profit for the period rose 87 percent to 644 million euros ($883 million) and operating profit increased by 95 percent.

Its jewelry business (which includes Cartier, Van Cleef & Arpels and Piaget) saw its sales increase 32 percent to 1.69 billion euros ($2.31 billion) for the period. Both Cartier and Van Cleef & Arpels saw double-digit sales growth, Richemont said.

Watch sales (which include Vacheron Constantin, Baume & Mercier, Jaeger-LeCoultre, Lange & Söhne and IWC) rose 38 percent to 901 million euros ($1.23 billion).

Overall Group sales as measured by constant exchange rates increased 37 percent in the Americas, 36 percent in Asia-Pacific, 23 percent in Europe and 4 percent in Japan.

Johann Rupert, Richemont executive chairman and CEO, stressed that the strong sales figures benefited from favorable exchange rates and better economic conditions when compared to the post-recession prior year and cautioned that growth may slow during the second half of the year.

“The good performance achieved by Richemont in the first half of this year has been driven by a marked improvement in all business areas and across all geographies compared to the depressed levels seen last year,” Rupert said. “Richemont’s Maisons were able to benefit fully from this improved trading environment, further enhancing their leading positions in jewelry, watchmaking, writing instruments and accessories. … The robust sales momentum that the Group has seen for several months has continued through to the end of October; sales for the month were 36 per cent above those of October 2009 at actual exchange rates.”

He added, “For the second half of the financial year, we expect the high rate of growth in sales seen in the year to date to slow as a consequence of exchange rate movements and the more challenging prior year comparatives.”

Richemont Reports Record Jewelry and Watch Sales

Cie. Financiere Richemont SA reported Thursday that sales for its fiscal year increased 33 percent to nearly 6.9 billion euros ($9.84 billion). Operating profit for the year, ended March 31, increased 63 percent to 1.35 billion euros. ($1.92 billion).

The Geneva-based luxury goods company reported strong sales across all segments and regions. Among the big winners for the year were jewelry and watch sales.

Richemont’s jewelry “masions,” Cartier and Van Cleef & Arpels, reported a 29 percent increase in sales to a record 3.48 billion euros ($4.9 billion), based on broad-based popularity in terms of geography and product lines. Brand owned boutiques did particularly well.

Its watch properties ( Vacheron Constantin, Baume & Mercier, Jaeger-LeCoultre, Lange & Söhne, Officine Panerai, IWC, Piaget, and Roger Dubuis), reported a 31 percent sales increase for the year to a record 1.77 billion euros ($2.52 billion), with all specialist watchmakers performing well, with the expected exception of, Baume & Mercier, which is undergoing restructuring. Operating margin increased to 21.4 percent of sales, in spite of higher costs of sales due to the appreciation of the Swiss franc and higher precious material prices.
(sales by region, outlook and CEO quotes after jump)

“We are pleased to report that Richemont has met the challenging environment of the past year by achieving strong sales growth across all segments and all geographic regions,” said Johann Rupert, Richemont executive chairman and CEO. “The year under review has seen record sales and profits for our jewelry maisons and specialist watchmakers, despite the stronger Swiss franc.… Net-A-Porter.com, which was acquired in April 2010, is performing ahead of its business plan.”

The company’s retail sales exceeded 50 percent of its overall sale for the first time because it was also the first time online luxury goods retailer, Net-A-Porter.com, was included with total sales. Excluding the e-commerce business, sales increased by 24 percent for the year. Group-owned boutiques increased to 876 boutiques with store openings primarily in growth markets, such as the Asia-Pacific region.

The Group’s wholesale business, including sales to franchise partners, grew despite being negatively impacted by the de-stocking by business partners, planned reduction in the number of points of sale in some key markets, most notably in the United States, and constraints in the supply of finished products.

Sales by Region
Sales in Europe, which account for 38 percent of total group sales, increased by 23 percent to 2.58 billion euros ($3.67 billion), reflecting purchases made by local clients and tourists and the integration of Net-A-Porter.com, to its retail sales mix.

The Asia-Pacific region now accounts for 37 percent of total group sales due to expansion by the company’s brands to take advantage of the increased wealth in the region. Sales for the year increased 36 percent to 2.57 billion euros ($3.66 billion).

Sales in the Americas, which account for 14 percent of group sales, increased 40 percent to 998 million euros. The company says that this strength in sales reflects both weak comparative sales, the integration of Net-A-Porter.com, and positive exchange rates. However, growth in the region also stems from a strong retail performance and higher levels of productivity in its wholesale network. The reported growth has occurred despite the reduction in the number of points of sale in the region.

Japan, which accounts for about 11 percent of group sales, reported an 18 percent increase in sales to 737 million euros ($1.05 billion), largely due to the significant appreciation of the yen. Yen-denominated sales increased by 1 percent, reflecting positive responses to new products and a stabilization of the Maisons’ businesses. The earthquake and tsunami of March 11 and the aftermath occurred shortly before the group’s financial year-end and consequently had only a minimal impact on the group’s performance.

In its outlook, Rupert said sales in the month of April were 32 percent above the comparative period, or 35 percent at constant exchange rates.

“In an environment currently marked by geopolitical unrest and currency instability, we hope that this positive trend will be confirmed in the coming months,” he said, adding that capital investment in its companies over the next two years will run from 6 percent to 8 percent of total sales.

Some of the Best Luxury Watches from SIHH

Montblanc Nicolas Rieussec Rising Hours

The recently concluded Salon International de la Haute Horlogerie (SIHH) tradeshow in Geneva, featured only 16 luxury brands but their output of quality timepieces provided a showcase for innovation, craftsmanship and design that remain the hallmarks of the Swiss watch industry. Below are a few examples of some of the timepieces that were on display.

Montblanc Nicolas Rieussec Calibre MB R220

Montblanc Nicolas Rieussec Rising Hours
The hour display of this watch (top and above photos) is made possible by Montblanc’s new Calibre MB R220, which has a patented mechanism consisting of two rotating discs positioned one atop the other, to show not only the individual 12 hours, but to also indicate whether its day or night. The Arabic numerals 1 to 12 are on the upper disc, which is situated above the bicolor day/night disc. The 12-hour disc rotates continually, while the day/night disc turns in intervals and at variable speeds to produce the desired color change (blue for the night, black for the day) in the cut-out numerals. This motion is controlled with the aid of a Maltese cross-shaped mechanism consisting of two cam-like wheels. In addition to this double-disc mechanism, four other disc displays rotate. The day of the week is shown in a window at the 9 o’clock and the date appears in an aperture at the 3 o’clock. This is the latest version of the collection named after the inventor of the chronograph.  

A. Lange & Söhne Grand Complication
The German watch brand has developed a timepiece with a host of complications that include chiming mechanism with grand and small strikes; minute repeater; a monopusher type split-seconds chronograph, with minute counter and rattrapante function and jumping seconds accurate to a fifth of a second; perpetual calendar with date, day of week, month in four-year cycle; and moon phases. The movement is a Lange manufacture Calibre L1902, manually wound. The white enamel dial reveals a railway-track minute scale and the four characteristic, symmetrically arranged subsidiary dials. This exclusive collectors' item is housed in a 50mm pink gold case comes. It is available in a limited edition of six watches.

Audemars Piguet Royal Oak Offshore Grand Complication
The mechanical heart of this 44mm timepiece is its three advanced functions, forming what is considered in the industry as the basis of a Grande Complication movement. Its traditional selfwinding movement combines minute repeater, split-second chronograph and perpetual calendar functions. It’s also equipped with a minute repeater mechanism, enabling it to sound the hours, quarters and minutes on demand. And it houses a perpetual calendar complication that also displays lunar cycles. It affords the possibility of performing timing operations and reading off intermediate or “split” times due to the split-second complication, which is an Audemars Piguet signature in its Grande Complication models. The selfwinding Calibre 2885 has 648 parts. It is available in a titanium case (pictured) or an 18K pink gold case. Both models are limited to three pieces each.

Richard Mille RM58-01 Tourbillon World Timer
The 12-year-old watch brand is an infant when it comes to the venerable world of the Swiss watch industry, but it has grown up at lightning speed with technical innovations and partnerships with athletes in sports ranging from track and field to soccer to auto racing. This manually winding movement has hours, minutes and a 10-day power reserve shown on an indicator at 2 o’clock. The caliber RM58-01, 34mm in diameter, is supported on a baseplate of grade 5 titanium, a material also utilized for the bridges. The tourbillon, positioned at 9 o’clock and oscillating at a frequency of 3Hz, is accommodated in a four-part case made from titanium and red gold. The shot-blasted, satin-brushed and polished rotating bezel bears the names of 24 world cities, symbols of the international 24 time zones on its brown upper flange. The RM 58-01 does not need any adjusting push-piece to change from one time zone to another. The time is set by rotating the bezel anticlockwise, making adjustment a quick operation. All the traveler needs to do is position the name of the city where he or she has just landed at 12 o’clock, which automatically sets local time and the time in the other 23 world cities due to the 24-hour scale engraved on the flange. The black and white disc distinguishes day from night for the user automatically, so there is no possibility of confusion. The timepiece, produced as a limited edition of 35 timepieces, was made in partnership with Jean Todt, a French motor sport executive, who wanted a watch to travel the world with. Profits from the sale of this watch will be transferred to two key initiatives close to Todt’s charities: the Global Campaign for Road Safety and the ICM Brain and Spine Institute, which he co-founded.

Roger Dubuis Excalibur Quatuor
This deep grey watch is made of silicon, chosen for its low weight and its incomparable hardness. It is half the weight of titanium, which is half the weight of steel, yet it is four times harder. Silicon has a similar atomic structure to diamond and working with it requires just as much skilled expertise. The brand also boasts a technological advancement in which four carefully positioned sprung balances work in pairs to compensate immediately for the rate variations caused by the changes in position of the watch when worn. “What the tourbillon achieves during the course of a minute, the Excalibur Quatuor achieves instantly,” the brand says. A classic watch operating at a frequency of 4 Hz is considered to be highly precise. But the Excalibur Quatuor operates at a frequency of 16 Hz. As each balance oscillates four times per second, the frequency of the watch is multiplied by four as the balances do not oscillate simultaneously. The ticking of a classic watch is replaced by what which the brand describes as “the gentler sound of truly high precision.” The timepiece is limited to a production of three pieces. There is a pink gold version of the watch that has a run of 88 pieces.

Cartier Montre Rotonde Double Mystery Tourbillon
Cartier unveiled its new movement at SIHH: the 9454 MC Double Mystery Tourbillon, certified by the Geneva Seal. The flying tourbillon, which turns once on its own axis every 60 seconds, appears to be floating completely free in space, with no visible connection to any gear train. The illusion is complete when the same tourbillon cage performs a second rotation at a rate of one turn every five minutes. The slate-colored dial is made of galvanised, guilloché, silvered open-work grill. The watch hands are sword-shaped in blued steel. It’s all contained in a 45mm platinum case with the crown set with a sapphire cabochon.

Baume & Mercier Clifton Complete Calendar – Moon Phase, Blue Dial
This is one of a series of Clifton watches released by the Swiss watch brand at SIHH This version of the line, the 43 mm Clifton Complete Calendar, has a blue, sun satin-finished dial. The case back has been opened up to allow lovers of fine mechanics to observe the components of its automatic movement (Dubois Dépraz 9000). Its calendar display is mounted upon an alligator strap, which is closed by a triple folding clasp with security push-pieces.

Parmigiani Tonda Woodstock
In order to project a colorful and musical dynamism, the Swiss watch brand turned for the first time to the refined and delicate art of marquetry. This ancient process consists of cutting out and assembling veneers—wooden veneers in this case—on a flat surface in order to create a decoration for the timepiece. The Tonda Woodstock’s special dial is designed with a Gibson guitar motif with an American flag in wood marquetry.

Piaget Emperador Coussin Ultra-Thin Minute Repeater
Thin is in at Piaget and Emperador Coussin unveiled at SIHH shows it continues to set standards in its development of ultra-thin complications housed in ultra-thin cases. This 48mm 18k pink gold watch boasts the Piaget 1290P, which the brand says is world’s thinnest mechanical self-winding minute repeater movement (4.8 mm). The case itself is also considered the world’s thinnest at 9.4 mm. Details of the movement finishes include sunburst guilloché bridges, bridges hand-beveled and hand-drawn with a file, blackened and polished screws.

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