Swiss watch exports made further gains in July 2017, growing 3.6% to CHF1.7 billion as compared to the same month in 2016. This was the third consecutive month of growth for Swiss watch exports, according to the Federation of the Swiss Watch Industry.
Swiss watch exports had been on a long and steep decline for some 21 months before achieving a recovery in March 2017 with the 7.5% growth to CHF1.59 billion as compared to the same month in 2016. Watch shipments to Hong Kong in March 2017 recorded a positive growth of 18% after 25 months of consecutive declines.
The animations may exceed 12 minutes and perform out four distinct scenarios, which is a serious level of automation to package into a 47mm-wide by 18.95mm-thick wristwatch case. Every element with this dial is adorned by hand, using an off-centre subdial at onyx near 12 o’clock to indicate hours and minutes.The case of the Jaquet Droz Alarm Watch Replica Tropical Bird Repeater is made of 18 karat red gold and features yet more hand-applied engraving across the sides and lugs. It comes supplied with a rolled-edge dark green alligator strap which nicely matches the flora in the depicted scene. The opinion isn’t water-resistant, although I do not envision many owners will attempt to shower or swim with these on anyway.Visible during the sapphire exhibition caseback is the Jaquet Droz RMA89 hand-wound second repeater movement using one barrel that offers a 60-hour power reserve. That power reserve is upward in the RMA88’s 48 hours used in previous Bird Repeater watches, and we’ll assume that maximum power book refers to utilize this watch without running its massively intricate and definitely power-consuming chiming and automata mechanisms – the hummingbird’s wings beating 40 times each second is quicker than some bigger species of actual hummingbirds. Excellent to admire in and of itself, some past Bird Repeater watches went even more next-level by engraving the movement with, as an instance, leaf motifs (see the above mentioned linked-to Bird Repeater post) that sense even more congruous with the total watch than this conventional finishing. The movement features 86 stones plus a balance spring which oscillates at 21,600 vph, or 3Hz. A clef symbol etched into a spur of red gold just underneath the striking hammers identifies the musical nature of the motion.
Swiss watch shipments to Hong Kong were still down by a quarter or 25.4% from January to July 2017 as compared to the same period in 2015. However, between January 2017 to July 2017 vis-à-vis the same period in 2016, Swiss watch exports to Hong Kong rose 2.9% to CHF1.4 billion. For the month of July 2017 alone, watch shipments to Hong Kong rose 16.8% to CHF204.8 million as compared to the same period in 2016. Analysts have cautioned that such data may not be entirely accurate due to seasonal effects and that inventory that has been “bought back” are not taken into account.
Nonetheless, such a positive economic backdrop for Swiss watch exports may bode well for the eighth World Brand Piazza hosted by Prince Jewellery & Watch Company at the Hong Kong Watch & Clock Fair 2017.
World Brand Piazza entrance © Timmy Tan
Held from 5th to 9th September 2017, the World Brand Piazza has been organised by Prince Jewellery & Watch Company since 2010. It showcases important timepieces from major international brands. For the 2017 edition, the eighth show for Prince Jewellery & Watch Company, thirteen watch brands are participating: Blancpain, Breguet, Chopard, Corum, DeWitt, Franck Muller, Glashutte Original, Jacob & Co., Jaquet Droz, Juvenia, Montblanc, Piaget and Zenith. With Swiss watch exports back into positive territory, thirteen may not be such an unlucky number after all.
The key highlights for the World Brand Piazza are unique timepieces, namely the Billionaire Tourbillon Watch that is being retailed at HKD160 million (around USD20.4 million) and the Astronomia Solar Tourbillon priced at HKD2.8 million (around USD357,800), both of which are from Jacob & Co.
Jacob & Co.’s Billionaire Tourbillon Watch features 239 emerald-cut diamonds, including one single three-carat stone, with the total weight amounting to a whopping 260 carats. The Astronomia Solar Tourbillon Watch has a 3D model simulating the Moon’s revolution around planet Earth.
Billionaire Tourbillon Watch by Jacob & Co. © Timmy Tan
Founded in 1984 by Dr Jimmy Tang, Prince Jewellery & Watch Company’s first retail shop was located at Hankow Centre, Tsim Sha Tsui in Hong Kong. In 2016, in the midst of all the doom and gloom facing the watch industry, especially in Hong Kong, Prince Jewellery & Watch Company had in July 2016 officially opened two new branches in the shopping hub of Yuen Long. The shops are located in Yuen Long Plaza and Yuen Long Castle Peak Road in the New Territories. Prince Jewellery & Watch Company currently has 16 branches across Hong Kong, Mainland China and Macau.
Dr. Emily Tang and Dr. Jimmy Tang © Timmy Tan