Showing posts with label Watches of Switzerland. Show all posts
Showing posts with label Watches of Switzerland. Show all posts

Tuesday, 14 January 2025

Breguet’s Classique Tourbillon: A dazzling mix of diamonds and precision

The latest Breguet watch is a marvelous piece with beautiful diamonds and a unique design

The latest Breguet watch is a marvelous piece with beautiful diamonds and a unique design. It symbolizes the brand’s innovative spirit and horological elegance, passed down through time. 

Thanks to a unique stone-setting technique, the watch has an elegant pattern that makes the dial stand out. According to Breguet, the Classique Tourbillion 3358 is the embodiment of Abraham Louis Breguet’s ideas, which date back to 1801.

Abraham Louis, the founder of the brand, came up with a unique technique of setting gems on a watch’s dial in the 19th century. While this timepiece has a dazzling front face, it also stands out due to its mechanical precision. Abraham Louis’ innovations merged these two fields into one—mechanical precision and style.

The dial comes with different diamonds, set in different positions to create a circular pattern that converges at one point, reflecting light stylishly. Stones are positioned close to one another to cover the base that supports them.

In terms of performance, this timepiece is powered by one of the most innovative movements from the brand, the in-house caliber 187D tourbillon, which is capable of offering a 50-hour power reserve. It’s a movement that was developed for precision and accuracy by Abraham Louis but has been updated over the past few decades to keep up with the times.

Speaking of which, the watch’s dial has different cuts, which offer views into the mechanism. While the front face features hundreds of diamonds, the back has an interesting moon-like texture, characterized by grooves and ridges.

Source: DCLA

Sunday, 16 July 2023

 Watches of Switzerland Annual Revenue Hits Record

Watches of Switzerland

Watches of Switzerland’s group revenue soared 25% for the full fiscal year as it expanded its store network and demand for luxury timepieces rose.

The UK-based retailer achieved sales of GBP 1.54 billion ($2.02 billion) for the 52 weeks that ended April 30, the company said last week. That amount is a record for the firm and has placed it “significantly ahead” of where it expected to be when it released a long-term strategic plan in 2021, it explained.

Sales grew 10% in the UK and Europe to GBP 890 million ($1.17 billion), driven by the opening of 15 new UK showrooms, as well as its first in Germany. In the US, revenue jumped 52% to GBP 653 million ($855 million), with the company opening six mono-brand shops and a Rolex store. The US now represents 42% of total group revenue, the company noted. The rise was also the result of increased appetite for luxury watches, which continues to outpace supply. Watches of Switzerland’s client registration for timepieces is growing, as is the average selling price per piece, it said.

Profit for the period advanced 21% year on year to GBP 121.8 million ($159.5 million).

“Luxury watch sales grew 28% year on year, representing 87% of group revenue,” said Watches of Switzerland CEO Brian Duffy. “Luxury jewelry sales increased at a more modest 10% in the year, reflecting a tougher macroeconomic backdrop and focus on full-price sales. Following two years of exceptional performance, sales are significantly ahead of plan, by over GBP 200 million [$261.9 million].”

During the year, Watches of Switzerland also opened five shops in Sweden and Denmark, and a boutique in Ireland. In fiscal 2024, it will debut a flagship Rolex store on London’s Old Bond Street and a shop in Manchester, UK, as well as a joint venture with watch brand Audemars Piguet. The company expects revenue of between GBP 1.65 billion ($2.16 billion) and GBP 1.7 billion ($2.23 billion) for the full year.

Source: DCLA

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