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marylin monroe
Showing posts with label watches. Show all posts
Showing posts with label watches. Show all posts

Timepiece Tuesday Part 2: Hubot Ad Turns Tragedy into Comedy, Omega Wins Lawsuit, a Clock that Acts Like a Sail

There’s so much going on the world of timepieces that it takes two issues of Timepiece Tuesday to tell it all.

A Black Eye Becomes a Punch Line
Bernie Ecclestone, president and CEO of Formula One, was mugged by four persons and robbed of jewelry worth £200,000 ($315,000) in London, the BBC reports. Among the articles stolen was his Hublot watch. The robbery happened November 25 and on that day he sent his picture of himself taken the day of the assault to Jean-Claude Biver, CEO of Hublot, along with a note: “See what people will do for a Hublot.” Biver told the BBC that Ecclestone wanted to use the picture and statement for an advertisement. Biver agreed and the untouched photo of Ecclestone sporting an enormous black eye and a bruised jaw appeared with an ad for the F1 King Power watch, the official watch of Formula 1 racing. The ad ran as a one-off on December 8 and 9 in the Financial Times and the International Herald Tribune. However, the reality-based ad may actually become a campaign, JustLuxe reports, although the company has yet to make such an announcement.  


Omega vs. Cotsco
 The U.S. Supreme Court has ruled that the Omega brand can effectively control the pricing of its luxury watches in the U.S., which means consumers will pay more, the Daily Finance reports. The decision was 4-4, with Justice Elena Kagan abstaining. Such a split decision upholds the lower court's ruling, which in this case was in favor of the Swatch-owned brand. However, divided 4-4 rulings don't have the same impact as true majority, the publication explains. So the collision of copyright law and "gray market" goods—items originally sold abroad, brought into the U.S. and resold here—is still largely unsettled. Costco was purchasing Omega watches on the gray market from middlemen abroad at prices below U.S. prices. More on the issues For example, Costco was able to sell Omega's Seamaster watch for $1,299, while other U.S. retailers were charging $1,995. Read more.


A Clock that Acts Like a Sail
A wall-mounted clock with a manifold that is connected to the two hands to create a 3D movement. At any given moment the manifold is located in a different position and different parts are seen. As the hour can be understood according to the traditional location of hands, a new reading of time is created. Called the Manifold clock, it was created by Studio Ve, an Israeli design company. A shout out to Fast Company's Co.Design, where I first learned about the product. Video of the clock in action below.


Manifold Clock from Studio Ve on Vimeo.

Luxury Jewelry and Watch Brands Make their Mark at Art Basel Miami Beach

Van Cleef & Arpels celebrates international debut of GEMS Part II by Benjamin Millepied. Photo credit: Joe Gato

Van Cleef & Arpels, Forevermark Diamonds, Roger Dubuis and IWC were among the luxury jewelry and watch brands that were hosting special events at the 13th edition of Art Basel Miami Beach, held December 3 -7. 

On December 1, Van Cleef & Arpels, celebrated the international premiere of “Gems Part II: Hearts & Arrows,” the second chapter in a three-part dance. Gems was created exclusively for the French luxury jeweler through a collaboration with Benjamin Millepied and his L.A. Dance Project. The brand has been long committed to creativity, culture, and dance. The performance presented a new interpretation of precious stones, supported by artist Liam Gillick and a score composed by Philip Glass.

Van Cleef & Arpels “Pas de Deux Nacre” clip. Diamonds, yellow sapphires and white and golden mother-of-pearl set in 18k white gold. The clip is transformable so that dancers and diamond motif can be worn together or separately.

Presented in downtown Miami at the Olympia Theater at the Gusman Center, the evening was held to benefit The Wolfsonian - FIU. Following the performance, the celebration continued at The Alfred I. DuPont Building, where guests were treated to dinner prepared by famed chef, Daniel Boulud. Models draped in Van Cleef & Arpels jewels appeared then vanished through a corridor of mirrors. High jewelry pieces were displayed in deconstructed galleries that played with proportion and perspective. A portal in a secret vault revealed a kaleidoscope of brilliant gems, hidden within the walls. 

Among those in attendance, Nicolas Bos, president and CEO of Van Cleef & Arpels, Alain Bernard, president and CEO of Van Cleef & Arpels, Americas, Benjamin Millepied, founder of the L.A. Dance Project, Matthew Abess, curator at the Wolfsonian - FIU, and Sergey Filin, ballet director of the Bolshoi Ballet.

Model and DJ Hannah Bronfman (right) and artist Mylinh Trieu Nguyen in Forevermark diamond jewelry.

On December 2, Forevermark, the diamond brand from The De Beers Group of Companies, hosted a VIP Preview Reception at the Institute of Contemporary Art, Miami’s Opening Celebration, the official museum kick-off event for Miami Art Week.

The event served to unveil the “Promise” installation. Designed by Miami resident artist Mylinh Trieu Nguyen, the installation displayed a selection of diamonds from the Forevermark Exceptional Diamond Collection. Nguyen's installation illuminated the intersection of art, design, technology, and the diamond through videos that respond to the symbolism and character of one of the most prized and valued objects on earth.

Model and DJ, Hannah Bronfman, was on hand wearing some of the pieces.


On December 3, Jean-Marc Pontroué, Roger Dubuis CEO, and supermodel Stephanie Seymour (above) hosted a private dinner at the new Thompson Miami Beach hotel. The approximate 100 persons who attended, included Russell Simmons, Jonathan Cheban, Geoff Stults and Klaus Biesenbach of MoMA.

Velvet Haute Couture Mink Fur

The event was a chance to showcase the Swiss watch brand’s new Velvet Haute Couture collection, a limited edition of three models within the brand’s Velvet ladies collection. All of the models in the collection have a big dose of glamour with distinguishable design characteristics, such as graphic split-level dials and dynamic numerals tapering toward the center. As the face of the Velvet collection, Seymour was on hand along with her husband Peter Brant.

Karolina Kurkova wears Forevermark diamond jewelry at IWC Gala.

Also on December 3, Karolina Kurkova was adorned in Forevermark diamonds while attending a gala event hosted by Swiss luxury watch brand, IWC at W South Beach Hotel. The model was wearing the Forevermark Cluster Shield Ring and Teardrop Earrings. The event was held to mark the launch of the new Portofino Midsize watch collection.

Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes website.

Piaget To Unveil Record-Breaking Ultra-Thin Altiplano Chronograph


Piaget has released the first images of a new timepiece that it says sets records for the world’s thinnest chronograph movement and world’s thinnest chronograph timepiece.

The Altiplano Chronograph will be shown publicly for the first time at the 25th Salon International de la Haute Horlogerie, January 19 – 23 in Geneva. The luxury brand, known for its record-breaking achievements in its ultra-slim timepieces, says this is the first ultra-thin, hand-wound chronograph for Piaget in its ultra-thin Altiplano collection and the first one with a major complication.

The in-house 883P handwound chronograph caliber set a double slimness record for its 4.65 mm hand-wound flyback chronograph movement, and for its 8.24 mm case, the company said. This achievement was the result of two years of development at Piaget’s La Côte-aux-Fées, Switzerland, manufacturing facility.


The collection of ultra-thin parts to create the timepiece includes the cannon-pinion (0.12 mm), the barrel staff (0.115 mm) and the chronograph gear finger (0.06mm). The watch has a 50-hour power reserve. It displays hours, minutes, small seconds at 6 o’clock, along with a 30-minute counter at 3 o’clock and a 24-hour dual-time indication at 9 o’clock. Its flyback function serves to reset the chronograph hands to zero simply by pressing them and then automatically restarting a new timing cycle. In addition, the chronograph is controlled by a column-wheel responsible for coordinating its phases, and by a vertical coupling-clutch system ensuring precision. This movement, visible through the transparent case-back, has a circular Côtes de Genève stripe decoration, a circular-grained mainplate, beveled bridges, sunburst wheels and blue screws.


The dial features a sunburst satin-brushed finish, slender baton-type hands, and slim alternating single and double hour-markers. The chronograph counters are not hollowed as is usually the case, but appear on the same level as the rest of the dial. The elongated chronograph pushers blend into the curves of a streamlined ultra-thin 41 mm diameter case. It is complemented with an alligator leather strap fitted with a pin buckle. The watch is available in pink gold or white gold set with 56 brilliant-cut diamonds (approximately 1.8 carats).

This timepiece is the latest representation of Piaget’s expertise in ultra-thin watches that dates back to 1957. The company has created 25 ultra-thin movements that hold 14 world records for their thinness.

Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes website.

Jewelry and Watches a Top e-Commerce Performer

Jewelry and Watches is one of several product categories that grew at least 15 percent in sales, compared to a year ago, according to comScore, Inc., a digital measurement and analytical firm.

The Reston, Va.-based company did not give details on the jewelry with a report it recently published. However, jewelry and watches was a top performer, along with other categories that experienced year-over-year growth of 15 percent. They include: digital content and subscriptions, event tickets, consumer electronics (excluding computer peripherals) and computer software.

Overall online retail spending reached $36.3 billion for the third quarter, up 13 percent, comScore said. This represents the eighth consecutive quarter of positive year-over-year growth and fourth consecutive quarter of double-digit growth rates.

“The third quarter of 2011 saw a continuation of the year’s strength in U.S. retail e-commerce spending, even in the face of renewed economic headwinds and uncertainty facing the U.S. consumer,” said Gian Fulgoni, comScore chairman. “As we approach the critical holiday shopping season, we are optimistic about the continued health of the e-commerce sector despite other factors—including stubbornly high unemployment and volatile financial markets—currently weighing on the economy.”

The 13-percent growth in the quarter was primarily a function of an increase in the number of buyers (up 22 percent), the Reston, Va.-based company said. About 74 percent of all Internet users made at least one online purchase during the quarter.

A total of 40 percent of e-commerce transactions included free shipping, down from a peak of 49 percent in the fourth quarter of 2010. Free shipping rates tend to peak during the holiday season.

Affluent Americans Replacing Jewelry and Watches with Leisure


With the difficult recovery, affluent Americans are discovering that the most valued goods, services and experiences are not material, but leisure-oriented pursuits, according to the study of households with an average income of $332,000 and a net worth of $3.3 million. The conclusions suggest that while conspicuous consumption is on the wane, conspicuous leisure may soon be on the rise.

The tastes of the affluent have changed little since 2008, with only the desires for electric/hybrid cars and jewelry dropping significantly, according to the study by the Luxury Institute, a market research firm, and Resonance Consultancy, a branding and communications firm.

“In tough economic times, it's not surprising that wealthy consumers are shying away from more visual displays of wealth such as fine jewelry and watches,” says Milton Pedraza, Luxury Institute CEO. “The good news is that the desirability of philanthropy has held steady. Large gifts are a very public way of communicating status.”

Companies that will benefit by the shift from conspicuous consumption to conspicuous leisure are likely to be high-end resorts, highly-differentiated hotels and experience purveyors from travel and tour curators to leisure outfitters, according to the study, what was done as a partnership with the Resonance Consultancy, which specializes in developing brand strategies.

“Affluent households today consider leisure-oriented pursuits such as exotic vacations, vacation homes, the freedom to work from home and extended time off work to be the most desirable luxuries,” says Chris Fair, president of Resonance Consultancy. “It's a significant change from the past when the most desired luxuries were usually material goods.”

Henry Graves Supercomplication Fetches $24 Million at Sotheby’s Geneva


With all the superlatives attached to it, it was a near certainty that The Henry Graves Supercomplication would go for a world record price at Sotheby’s Geneva sale of Important Watches held Tuesday. It already established the record when it sold for $11 million in 1999. It is also known as the most complicated hand-made watch and the most famous watch in the world.

But still the $24 million it achieved is something special. The auction house said five bidders competed for the timepiece for 15 minutes. It was finally sold to a buyer in the room, who requested anonymity, well above its $16.8 million estimate.

“This evening’s stellar result confirms the ‘rockstar’ status of The Henry Graves Supercomplication. It is more than a watch,” said Tim Bourne, Sotheby’s Worldwide Head of Watches, and Daryn Schnipper, Chairman of Sotheby’s Watch Division. “It is a masterpiece that transcends the boundaries of horology and has earned its place among the world’s greatest works of art. The fascination it has attracted over the past few months, as Patek Philippe celebrates its 175th anniversary, is a fitting tribute to the genius of the Swiss manufacturer.”

Commissioned in 1925 by Henry Graves, a prominent New York banker, and completed by Patek Philippe in 1932, The Henry Graves Supercomplication is the product of three years of research and five years of effort it resulted in a gold openface minute repeating chronograph clockwatch with Westminster chimes. Among its features are a perpetual calendar, moon phases, sidereal time, power reserve, and indications for time of sunset and sunrise and the night sky of New York City. With a total of 24 horological complications, The Graves watch retained the title of the world’s most complicated watch for 56 years and even then was only surpassed by technicians working with the aid of computer-assisted machines.

Please join me on the Jewelry News Network Facebook Page, on Twitter @JewelryNewsNet and on the Forbes website.

Timepiece Tuesday: Rolex, Jaeger-LeCoultre, Ernst Benz and Wooden Watches


Sir Edmund Hillary Rolex Watch Collection on the Block


Rolex watches belonging to the 20th century explorer Sir Edmund Hillary will be the feature items at Antiquorum's sale of Important Vintage and Modern Timepieces, being held November 13 – 14 at the Mandarin Oriental Hotel in Geneva. Sir Hillary is credited with being the first climber to reach the summit of Mt. Everest in 1953. The timepieces have been consigned for sale by Lady Hillary and all had special significance for Sir Edmund, the timepiece auction house said in a statement.

The earliest model in the collection is a Rolex Oyster Perpetual, ref. 6084 (pictured above), dating from 1953 which was presented to Sir Edmund by Rolex Bosecks of Calcutta, India, after his descent from Everest. Sir Hillary wore the watch during his Trans-Antarctic Expedition of 1955-1958—the first overland crossing of Antarctica and the first expedition to reach the South Pole since Scott in 1912. The watch, with a caseback engraved "Sir E. Hillary", is estimated to fetch from $10,000 to $20,000.

Also part of the collection is a gold Rolex Oyster Perpetual Date, ref. 15238, purchased by the explorer on the 50th Anniversary of the day he reached the summit of Everest, estimated at about $10,000; as well as a 1972 Rolex Explorer I and a 1973 Explorer II also owned by the adventurer.


Jaeger-LeCoultre's Updated iPhone App


The Jaeger-LeCoultre application has been available for download for the iPhone since October 2009. However, it now compatible with the iPad and has been updated to include the Swiss watch brand’s entire 2010 collection. Users can experience the technical characteristics of certain timepieces, read a glossary of watchmaking terms and test their knowledge and skills of watchmaking with a course over the smartphone, including a hand-fitting course where the user can test his or her dexterity and precision.


Ernst Benz Goes to Canada


Watch brand Ernst Benz celebrated the launch of its Canadian retail presence in Toronto in partnership with TimeZone and retail partner L’ORO Jewellery in mid-October. The two-day event began with the watch brand hosting a TimeZone get together at Liberty Bistro in the city’s developing Liberty Village area. Creative and Managing Director, Leonid Khankin along with Ernst Benz’sInternational Bunsiness Development and Marketing team presented the entire Great Circle collection to twenty five members of the prestigious online watch forum. In attendance was MLS All-Star Toronto FC and Ernst Benz fan Dwayne DeRosario. The second night, Ernst Benz partnered with L’ORO Jewellery to host a celebration event at the jeweler’s popular Vaughn Mills location (pictured above).


Wooden Watches

From left: Date Beige, Crono Brown, and Date Beige/Army. Digital Trends

Italian brand WeWood unveiled a line of watches made entirely from wood, Digital Trends reports. WeWood watches are all hypoallergenic, free of chemicals, and feature Miyota movement pieces. The watches come in several colors, all derived from specific wood types including beige Maple, black Ebony, brown Red Wing Celtis, and army green Guaiaco. Al watches are priced at $119. For every watch purchased, the company will plant a tree in North America.

High-End Brands Showed their Stuff at The Luxury Review Event

YNY Jewels specializes in well-designed pieces made with fancy colored diamonds, colored gemstones and precious metals.

LOS ANGELES — Jewelry and watches shared the spotlight with luxury brands from an array of industries during the recently held The Luxury Review: Los Angeles at The Petersen Automotive Museum.

Bozeman Watch Company is one of a few timepiece companies based in the U.S.

Hosted by Rand Luxury, the event brings together brands from multiple industries including automotive, jewelry, resorts, spirits, electronics and home design. These companies get exposure through a guest list that includes press and media, product analysts, studio executives, product integration and product placement professionals, tv/film producers, personal shoppers, stylists and of course affluent consumers.

Based in the The Woodlands, Texas, Dannini specializes in diamond jewelry designs.

The event was held October 3 and about 30 brands participated. There was food, wine and champagne and free samples from several vendors.


B.M.R. Watches specializes in high-end, high-performance mechanical timepieces primarily for auto racing enthusiasts. These are the creations of watchmaker Bernard Richards. Brand ambassadors in the racing world include: Jean-Eric Vergne, Manu Collard and Cyrille Lemoine.

The next Luxury Review will be held in New York on October 17 at the Metropolitan Pavilion.


Timepiece Tuesday: A new section that focuses on new products releases, events and important issues in the world of watches


Highlights for this week are:

* Swatch to reexamine its procurement of exotic leather;
* Global market for watches and clocks expected to reach $36B;
* Audemars Piguet Sponsored Golf Team Wins Ryder Cup;
* Piaget opens boutique in London;
* Seiko marks a milestone;
* New Italian Sports Watch;
* High-tech watch for the world traveler;
* Bollywood star launches watch line


Swatch and exotic leather controversy
Swatch Group acted quickly following a Swiss Television report on the deplorable conditions associated with the procurement of exotic animal leathers, particularly in Asian countries. The world’s largest watch company said it will reexamine its exotic leather sources to ensure they meet company criteria for “acceptable social and environmental conditions.”

“The Swatch Group FEPS (Far Eastern Procurement Service) Division will immediately attempt to determine if leather from the Far East is used and, should this prove to be the case, will undertake on-site inspections of all sources,” the company said in a statement. “Products from such doubtful sources as those described by Swiss Television have no place in the Swatch Group product offering.”

Emerging Markets to Drive Growth for Timepieces
The global market for watches is forecast to reach $31.5 billion, while Clocks market is projected to touch $5.2 billion by the year 2015, according to a report by Global Industry Analysts, Inc. Growing demand for watches & clocks in the developing world, particularly the BRIC countries (Brazil, Russia, India, and China), and increased acceptance of luxury watches and watches with fashion statement are fueling the growth.

Europe remains the world’s largest market for watches and clocks followed by the United States, according to the report. The fastest growth is seen in Asia-Pacific region. The fastest growth product segments are in watches for under $50 and luxury watches over a $1,000. After a decline in 2009, the European and U.S. markets are expected to slowly regain lost ground, according to the report.

Read more

Audemars Piguet Celebrates Ryder Cup Victory
The European golf team, comprised of four Audemars Piguet ambassadors— Graeme McDowell, Miguel Ángel Jiménez, Rory McIlroy, Lee Westwood (pictured from top)—has won the 2010 Ryder Cup, bringing back to Europe the prestigious trophy it lost on the other side of the Atlantic two years ago. Europe beat the American team by 14.5 points to 13.5.


Piaget opens Bond Street boutique
Swiss luxury watchmaker and jeweler, Piaget opened its UK Flagship at 169 New Bond Street, London W1. The two-story store, designed by French architect, Gérard Barrau includes perpendicular horizontal and vertical lines of the showcases and furnishings, a simple coloring scheme and discretely lit wall paintings. The store displays a full range of Piaget watch and jewelry collections. It’s Piaget's 71st boutique launch worldwide and is the first stand alone Piaget boutique.


Grand Seiko 50th Anniversary Collection
Japanese watch brand Seiko will launch of a series of six limited edition timepieces to celebrate the 50th anniversary of its Grand Seiko watch range. The Grand Seiko Anniversary collection includes spring drive, quartz and mechanical watches. Each timepiece features the Grand Seiko lion emblem on the dial (pictured), as well as the inscription “50th Anniversary 1960-2010.’ The spring drive and mechanical models include an 18-ct. gold lion emblem on their oscillating weights.


Parmigiani Fleurier Gets Sporty
Swiss luxury watch brand Parmigiani Fleurier has launched a sports watch in a limited series of 17 watches with a platinum case. There are 17 watches in the series because Bugatti produced 17 models of the Coupé Atalante between 1934 and 1940.

Read more


World Time e-ink watch
This curved, ultra-thin watch from Phosphor contains electronic ink, the same technology used for e-book readers, for its curved display, which shows the time in two time zones (home and away).

Read more


Bollywood star launches watch line
Bollywood star Salman Khan has launched a limited range of luxury watches named after his “Being Human” charitable foundation. Salman reportedly designed the 24 models himself and the money from their sale will support education and healthcare initiatives.

Read more

Chopard’s 2012-2013 Winter Collection of Jewelry, Watches, Clocks and Games



Luxury house Chopard recently unveiled a collection of jewelry, timepieces and even a backgammon set for the winter season. Items include the following:

L.U.C Quattro Table Clock
The table clock is inspired by the famous Haute Horlogerie L.U.C collection and one of its flagship models. For the very first time, Chopard offers a table clock equipped with a mechanical hand-wound movement with an eight-day power reserve.


Imperiale Jewelry
To accompany the Imperiale watch, Chopard created a new line of jewelry. The motif that adorns the dials of the watches, inspired by the traditional embroideries that once decorated imperial gowns and cushions, is apparent within the design of the pendants, earrings, rings, and bracelets. The collection is set in 18k rose gold or white gold, featuring amethyst, pink quartz or chalcedony.


Happy Sport Chrono
The Happy Sport chronograph in diamond-set rose gold remains loyal to the very essence of the Happy Sport collection—with a white mother-of-pearl dial and delicate gem-setting.


Precious Temptations
Chopard creates a banquet of sweet delights, combining precious stones with gems to create an array of pink sapphires, amethysts, rubellites, tsavorites, tourmalines and opals.


L.U.C Quattro
The new L.U.C Quattro is powered by one of the biggest successes of Chopard Manufacture—the four-barrel L.U.C 98.01-L movement. The timepiece adopts the new aesthetic codes of the L.U.C collection that combines Haute Horlogerie with distinguished lines.


Backgammon Set
Chopard’s backgammon set is in black-lacquered sycamore wood featuring red, cream and black sycamore marquetry.


Animal World Collection Seal Lion Necklace
To celebrate its 150th anniversary, Chopard has taken on the challenge of signing an Haute Joaillerie collection of 150 unique animal-themed pieces. This year Chopard introduces its Sea Lion Necklace with white south sea cultured pearls and diamonds.


Happy 8
The Happy Diamonds collection explores the symbolism of the figure 8 with a new collection of watches, pendants, rings and earrings. The ideal curves, richness and power of the figure 8 have inspired Chopard to create a collection where the infinity purity of the lines echoes that of the materials in a subtle association between diamonds and gold.


Grand Prix de Monaco Historique Chrono 2012
The new watch, with its matte grey, vivid colors and racing stripes, is a tribute to 1970s racing cars. Equipped with a mechanical self-winding movement chronometer-certified by the COSC, the timepiece displays the hours, minutes, small seconds and the date, naturally complemented by chronograph functions and a tachometric scale.


Please join me on the Jewelry News Network Facebook Page and on Twitter  @JewelryNewsNet.

Movado Watch Sales Increase 32% and Goes from Loss to Profit




The Movado Rockefeller Center store, the only Movado boutique left in the Movado Group's restructuring plan.

The Movado Group said Thursday that net sales of its watches in the second quarter of fiscal 2012 increased 32.6 percent, year-over-year, to $113.2 million. On a constant dollar basis, net sales increased 25.5 percent compared to the prior year period. Income from continuing operations was $4.4 million, compared to loss of $3.2 million during the same period of the prior year.

“Our brands continue to experience very strong customer and consumer demand,” Rick Cote, Movado president and COO, said in a conference call with investors and media. “We continue to experience pressure on our gross margins due to a devaluing U.S. dollar versus the Swiss franc as well as product cost pressures. However, we have been able to offset these impacts with strong sales growth and our disciplined expense management growth.”

Movado Group, Inc. designs, manufactures and internationally distributes watches through its brands: Movado, Concord, Ebel and ESQ by Movado. In addition, it has licensing agreements for produce watches under the Coach, Hugo Boss, Juicy Couture, Lacoste and Tommy Hilfiger brands. The company is headquartered in Paramus, N.J., and Bienne, Switzerland, and has a manufacturing facility in Switzerland.

The company is in the midst of a multiyear plan to improve its profitability. Last year, it closed its boutiques (except for its New York's Rockefeller Center store) and is now focusing on its Movado and licensed brands, offering new products and expanding into China.

So far it seems to be working as the company experienced its second consecutive quarter of growth following losses in 2009 and 2010. Cote said all Movado brands experienced strong growth, in particular its Movado brand and licensing brand division. The China market grew by more than 50 percent in the first half of the year.

“While we experienced broad-based sales growth across all of our brand categories, our results continue to be driven by particularly strong performances in Movado and licensed brands both domestically and internationally,” Efraim Grinberg, Movado chairman and CEO, said in a statement.

Net income for the quarter, ended July 31, was $4.4 million, compared to a net loss for the second quarter of fiscal 2011 of $20.9 million, including the results of discontinued operations of $17.7 million. Operating income increased to $5 million in the second quarter of fiscal 2012 compared to operating loss of $2.2 million for the same period last year. EBITDA increased to $8 million compared to EBITDA of $1.5 million in the second quarter of fiscal 2011.

The company also reiterated its prior guidance for fiscal 2012 and continues to anticipate that EBITDA will range between $31.5 million and $33.5 million for the year and that net income will be in the range of $15 million to $16.5 million.

Grinberg said during the conference call that he expects sales to be better than first anticipated but but gross margins will “not be as anticipated,” due to the imbalances between the Swiss franc and the U.S. dollar and rising manufacturing costs.

“I think the top line will be a little better than what our guidance had been but when we’re done we see that positive being offset by some of the gross margin negatives,” he said. “That’s why we still see the bottom line in the range that we have given previous guidance on. Sales will be at the upper echelon and a little bit better and the gross margin will not be where we had originally anticipated.”

Gross profit for the company was $60.9 million, or 53.8 percent of sales, compared to $44.4 million, or 52 percent of sales in the second quarter last year, primarily due to the leverage gained on fixed costs and a favorable shift in channel and product mix, the company said.

Operating expenses rose 20 percent to $9.3 million due to increased marketing expenses to drive sales, salary increases, the reinstatement of certain employee benefits and performance-based compensation, the company said. In addition, there was an increase due to unfavorable foreign currency exchange rates (again, referring primarily to the rates between the Swiss franc and the U.S. dollar).

Charity Watch Auction to Support a Cure for MS


The New York office of watch auctioneer, Antiquorum, will be the scene of a watch and jewelry auction that will support the National Multiple Sclerosis Society in their goal of creating a world free of multiple sclerosis, a chronic disease of the central nervous system.

The invitation only MissionMS Auction will take place on October 20 from 6 p.m. to 8 p.m. at Antiquorum Auctioneers on Madison Avenue. Antiquorum will be conducting the charity auction as well as donating their auction space.

Registration for bidding as well as the auction catalogue will be available at www.antiquorum.com beginning October 1. The auction will be conducted live at Antiquorum, with real-time bidding on the Internet at www.antiquorum.com. Audemars Piguet, Cartier, Carrera Y Carrera and Hublot are among the watch and jewelry brands that have donated timepieces for this event.

“Antiquorum is extremely honored to conduct this unique charity auction benefiting The Multiple Sclerosis Society,” says Evan Zimmermann, Antiquorum president. “This is an exceptional opportunity for people around the globe to acquire extraordinary timepieces from the world’s leading watch brands and simultaneously help to spread awareness and eliminate this debilitating disease.”

The National MS Society‘s mission is to create a world free of MS, a chronic disease of the central nervous system characterized by changes in sensation, visual problems, weakness, depression, difficulties with coordination, balance and speech, impaired mobility and disability.

Kering Acquires Ulysse Nardin, Pays 13 Times Earnings For High Watch Brand

Ulysse Nardin Marine Diver

Kering makes another jewelry and watch acquisition. This time the French multinational company said Wednesday it will acquire a 100 percent stake in the Swiss luxury watch brand Ulysse Nardin. The watchmaker will join Kering’s recently formed “Luxury – Watches and Jewellery” division headed by Albert Bensoussan. Kering added that the Ulysse Nardin management team, led by Chai Schnyder, president of the Board of Directors, and CEO Patrik P. Hoffmann, will remain in place.

Kering (formerly known as PPR) hasn’t been shy about upping its stakes in the “hard luxuries” category (jewelry and watches). François-Henri Pinault, Kering’s chairman and CEO, said that in a statement that Ulysse Nardin, as one of the last remaining independent haute horlogerie brands, will reinforce its growing jewelry watch division, which consists of Boucheron, Dodo, Girard-Perregaux, JeanRichard, Pomellato and Qeelin. Three brands (Italian jewelers Pomellato and Dodo; and Hong Kong jeweler Qeelinwere acquired by Kering within the past two years. Those acquisitions along with Ulysse Nardin are evidence of the company’s pursuit of luxury jewelry and watch companies. Kering also owns brands in the high fashion, lifestyle and sports merchandising categories.

In addition, both companies say the acquisition will allow Ulysse Nardin to expand more rapidly in Asia. Expansion in Asia is something else Kering has been open about in recent years. 

“Ulysse Nardin benefits from a rich heritage, high profitability and solid growth prospects,” Pinault said. “Independent high-end watchmaking manufactures are rare. This is an opportunity that we had to seize, particularly because this structural acquisition will enable us to take advantage of numerous synergies with our existing brands. We have great ambitions for this company and we will help it continue its international expansion whilst staying faithful to its roots and its identity.” 

The company declined to give an acquisition price but during a conference call Wednesday, Jean-Marc Duplaix, Kering CFO and Jean-Francois Palus, Kering managing director, said the company paid 13 times Ulysse Nardin’s 2013 earnings before interest, taxes, depreciation and amortization. Palus said it is a “fair (price) for a brand with such a rich heritage high visibility and growth prospects.”

As a private company, Ulysse Nardin doesn’t disclose much of its finances or manufacturing volume and Kering wouldn’t release those details. An analyst at the conference call asked if media estimates of annual sales of 250 million Swiss francs and annual turnover of 27,000 pieces per year were accurate. Duplaix responded by saying the “assumption you mentioned is quite sensible and so is the volume of watches the brand is selling per year.” He added that Ulysse Nardin “will become the backbone of our watch business.”

Ulysse Nardin, based in Le Locle, Switzerland, specializes in creating ultra-complicated timepieces, many of them considered groundbreaking achievements, using cutting-edge technologies and state-of-the-art materials. For example, it was one of the first companies to use silicon in its timepiece movements and is one of the few Swiss watchmakers to have its own production capacity for critical watch components, particularly regulating systems.

The independent company was founded in 1846 by Ulysse Nardin with its roots in the nautical world for navigational purposes. It was taken over and re-launched in 1983 by Rolf W. Schnyder who transformed it into a highly profitable business. After his unexpected and sudden death in 2011, Chai Schnyder, Rolf Schnyder's wife, and Hoffmann took over the lead of the company. 

The company still benefits from a very strong brand identity based on its historical expertise in marine chronometers.

“Joining Kering is an opportunity for Ulysse Nardin,” Chai Schnyder said. “It will allow the brand to carry on with its international expansion and continue to innovate, while assuring the long-term future of its knowledge and expertise and communiqué.”

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Swatch Group Brands Prepare to Bring their 2014 Watches to Market

Breguet Celebrated "Tourbillon Day" at its Fifth Avenue boutique with a cake decorated as a tourbillon. 

In June Manhattan served as a final staging area as several Swatch Group brands held previews of their Baselworld 2014 releases. Most of the watches will appear on store shelves beginning September. However, some are already on sale.

Breguet Classique Tourbillon Quantième Perpétuel 3797

Breguet had been the most creative in using this time by hosting Tourbillon Day on June 26 at its Fifth Avenue boutique. Press members and VIP clientele were treated to a cake decorated as a tourbillon movement; champagne toasts; and a display of the brand’s most important tourbillon watches, including its 2014 Baselworld releases. The company even brought in Nakis Karapatis, Breguet’s head of Research & Development, to present a lecture on the history and function of the tourbillon.

Blancpain One Minute Flying Carrousel and Moon Phase

The celebration was created just last year by the luxury watch brand to commemorate the day that the brand’s founder and namesake, Abraham-Louis Breguet, patented the tourbillon on June 26, 1801. The invention (whose name translates as “whirlwind or “whirlpool”) was intended to compensate for the errors and fluctuations in functioning due to gravity and the natural changes in a watch’s position. It is prized by watch collectors not only for its functionality but for its beauty, particularly when exposed on a dial.

Jaquet Droz Grande Seconde Paillonné Enamel

I’ll leave the argument of whether a tourbillon is a complication for another day.

Glashütte Original Senator Chronograph Panorama Date 

If all this tourbillon talk has your head spinning, wait till you read about the carrousel movement. It may look like a tourbillon and act like a tourbillon but it’s different, according to Adam Bossi, Blancpain US brand manager. He spoke at a press lunch a week before the Swatch event at the outdoor rooftop lounge of the Nomad hotel in Manhattan, where its new Baselworld novelties were presented. Like the tourbillon, the carrousel counteracts and neutralizes the effects of deceleration and acceleration of the balance wheel caused by the gravitational pull of the Earth. However, while a tourbillon consists of a rotating carriage; a carrousel consists of a platform on which the balance wheel and its bridge go round like a wooden horse on a merry-go-round, the reason for its name. Bossi said.

Longines Equestrian Lépine

Bossi also provided some details of the new Blancpain New York boutique, set to open at anytime now. Be prepared for some high-tech imagery and interactive displays.

Tissot T-Touch Expert Solar

In the morning of the same day that Breguet had its celebration, luxury watch brands Jaquet Droz and Glashütte Original held a joint press breakfast at Lincoln Center for the reason of presenting its Baselworld 2014 collection.

Breguet Reine De Naples Princesse 8968 Ladies

Tissot was also quite busy in June, opening a new dedicated display (also known as a “shop-in-shop”) at the Toureanu TimeMachine store at 57th and Madison Avenue. It highlights Tissot’s new advertising campaign and its Baselworld 2014 introductions, getting a head start on many other brands.

Blancpain Off-Centered Hour Ladies

However, few watch brands were busier during the month of June (and May for that matter) than Longines, which was a presence at each leg of horseracing’s “Triple Crown,” as the official timekeeper and official watch for the world’s most celebrated horseracing series. The watch brand released a number of models at Baselworld, including one commemorating other equestrian events it supports.

Longines Elegant Collection Ladies

So here’s a final look before you’ll be able to see these releases in stores around the world.

Tissot T-Touch Lady Solar

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Jaquet Droz Grande Seconde Circled Ladies 

Glashütte Original Pavonina White Gold Ladies 


Watches by Frédérique Constant for Land and Alpina for Sea

The Frédérique Constant Manufacture Tourbillon Grand Feu.

The Swiss watch brand Frédérique Constant and its subsidiary Alpina have been awfully busy lately producing new models of timepieces.

Among the new releases for Frédérique Constant is its Manufacture Tourbillon Grand Feu featuring a hand-enameled dial. The company says that genuine enamel dials are rare and only made by watch manufacturers with rich traditions.

Enameling is an ancient technique where finely powdered colored glass is applied to a metal plate. The metal plate with the glass powder is then baked in an oven, hot enough to melt the glass. This enameling process produces a deep, shiny surface.

Only few of the plates will survive the 900-plus degree Celsius (1652 degrees Fahrenheit) fire in the oven and produce an even surface. The slightest imperfection in the mixed powder, the supporting metal plate or a dust speckle will ruin the dial and the enameller has to start all over again.

Frédérique Constant developed its tourbillon for the watch in-house. A silicon escapement wheel, which is lighter, uses no lubricant and has better friction properties, than similar wheels. It has a 48-hour power reserve.

The 18k rose gold, round-shape, three-piece case has a 42mm diameter, and a thickness of 11 mm. The strap is made of alligator leather with water-resistant lining with an additional folding buckle.

Meanwhile, Alpina, known as an aviator watch, has taken to the sea with the launch of a new Sailing Collection, in a partnership with the Italian Extreme 40 Catamaran team, Niceforyou.

Yacht Timer caliber AL-880

Emphasizing its strong commitment to the Extreme Sailing Series, an international in-shore racing series that uses 40-foot catamarans, Alpina developed the automatic Yacht Timer caliber AL-880 in-house. The caliber is encapsulated in a stainless steel 30 ATM water-resistant case.

Alpina traces its roots to the 1930s as a manufacturer of military watches, particularly for pilots. The shape of this new seafaring watch resembles Alpina case designs from the past. The new model with sailing countdown function is available either with a white or a black dial. In addition to the new Yacht Timer version, Alpina introduces a lower-priced version, the Alpina Sailing Automatic with 3 hands and a date window and with a similar case and dial design. All Alpina Sailing timepieces are available on rubber strap, metal bracelet or metal mesh bracelet, for absolute comfort and security in the most extreme situations.


Alpina Sailing timepieces will be offered in limited editions and come in special packaging alongside a miniature reproduction of the Extreme 40 Catamaran.