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On Target For 2003Swatch Group On The Right Track

Despite a particularly adverse environment, the Swatch Group remains on target and intends to increase its market shares in every segment this year.

Iraq crisis, SARS, despondent consumers, the strong Swiss Franc and recent vagaries of the stock market – nothing or almost nothing can damage the Swatch Group’s confidence in its ability to take the hurdles which stand in its path. "We are on the right track", was the concurrent comment of Nicolas Hayek and Nick Hayek Jr (see photo), the Chairman of the Board of Directors and Chief Executive of the group respectively, at the traditional balance sheet press conference held on 7 May in Bienne. They were referring to the first quarter of 2003 during which the Swatch Group did particularly well by achieving sales in Swiss franc terms broadly equivalent to the figure for the first three months of last year, at a time when overall exports of the branch were down by 4.6%. This result was attributed to "a clear strategy which does not change with the circumstances" and looks better still when it is expressed in local currency terms: +6 to 7%! This remains true even if a "difficult" month of April may have partly offset this advance. Profitability is said to be rising in the early part of this year. That goes for the net profit and operating result alike.

This was enough for Nicolas Hayek to ride his hobbyhorse again and advocate a dollar-franc exchange rate acceptable at one and the same time to the export industry and the banks. "In Switzerland, the policy makers defend the banking sector first and foremost", he deplored, alluding to the asset management activity. "But today the parity of the greenback is imposing a severe penalty on exporters". That is proved by the 166 million which the Swatch Group lost last year because of the strength of the Swiss franc and the 170 million which it might cost the group this year! Those are substantial sums which could have been invested to safeguard the 14,000 jobs provided by the group in Switzerland or create new workplaces. This issue is bound to be raised again at the FH General Meeting on 26 June in Fribourg when the invited speaker will be none other than Jean-Pierre Roth, the Governor of the National Bank of Switzerland.

Another subject which irritates the Chairman of the Swatch Group Board of Directors is the stock market: "badly controlled and perverse in its reactions", which encourages company directors to conduct their business solely in the light of financial criteria. "If I had the five billion francs needed to take the group off the stock market, I would do so now, without a moment’s hesitation", he said. Several banks have offered him that sum but as a clever manager he refrained from accepting. Taking on new debt is not part of his culture. Nor does he want to become accountable to a banker simply because he owes him money.

As to the progress of business, the next rendezvous is on 21 August when the Swatch Group will publish its results for the first half of 2003.

BASELWORLD 2007 Fashion shows

As we all know, many luxury watch and jewelry companies are full of artisans who create magnificent pieces that bring out emotion and passion in all of us. When they come to Basel they do their best to project that image in order to help you understand their brand.One of the ways they accomplish this is by putting on shows for us. Today I was lucky enough to attend a few. In essence these were fashion shows with beautiful models showcasing beautiful products. This afternoon I happened to go into De Grisogono right when they were having a fashion show. They had some very attractive models displaying some of their finest watches and jewelry. De Grisogono is a very lavish brand with a very specific look to everything they design. I would describe their jewelry as exotic and outlandish and would describe their watches as distinctly extravagant and unique.De Grisogono only deals in precious gemstones so what I saw literally blew my mind. Each of the models in the show had at least one million dollars in jewelry on during the exhibition. I made sure to grab some photos to show you some of the most elaborate sets of jewelry I have ever seen.Later on in the day I was lucky enough to get into the Chopard fashion show which was outstanding. It was kicked off by none other then Karl and Carolina Scheufele who actively run the business and are the children of Fredrick Scheufele, the president of Chopard. It showcased Chopard’s latest product line in watches and jewelry. In jewelry, their main focus was their Happy Bubbles collection. This is a collection inspired by soap bubbles and is a very whimsical jewelry line. In watches, they have a few new pieces in the Mille Miglia and L.U.C collection. The show was nothing short of spectacular and was enjoyed by all.Shop By Replica Watches CollectionRelated articles in Fashion Watches newsDeGrisogono Instrumentino Small WatchMaitres du Temps Chapter One Tours Russia And Ukraine

H. Stern: Avant-Garde Vision and Rich Tradition

In a time when the treasured gemstones and the ones most commonly used in jewelry, were rubies, sapphires and emeralds, founder Hans Stern of H. Stern chose lesser known gemstones to be the focal point of his empire. Embracing these more uncommon gemstones of aquamarines, amethysts, topazes, citrines and tourmalines, meant a rich palette of color was made available to him for his precious jewelry creations. To launch his avant-garde jewelry and vision, he sold his most valuable possession – a Hohner accordion – for $200. The accordion stayed with him during his first six years in Brazil. In fact, the accordion was the only souvenir he brought with him when left his native Germany in 1939, just before World War II. The $200 plus a small bank loan gave him the opportunity to start his jewelry business. In 1949, he was marketing his colorful jewelry to the tourists on the international cruise ships. His shop was located in a prime location – right on the docks! He quickly opened a second location at the Quitandinha Hotel in Petropolis, a famous resort town at the time. H. Stern now has an international presence with retail partners in Europe, the Middle East and the USA in addition to its network of boutiques. H.Stern is part of the most luxurious markets in the world including New York’s Fifth Avenue; Hamburg’s Neuer Wall; Munich’s Theatiner Strasse; Cannes, Frances; and, Mexico will be opened soon. Whereas some jewelry houses emphasize diamond jewelry, or gold jewelry, or sterling silver jewelry and added colored gemstones to designs later, H.Stern intentionally chose these lesser known gemstones to be the center-stage of his designs from the outset. With such a deep tradition and commitment to his original vision, it is no wonder why H.Stern is the ultimate in colored gemstone jewelry. Shop By Replica Watches CollectionRelated articles in Fashion Watches newsMaitres du Temps Chapter One Tours Russia And UkraineBadollet Watch Selector And Virtual Museum

Milus MEREA ‘TriRetrograde Seconds Skeleton’ Joaillerie Watch

PRESS RELEASE — A divine combination of mechanical finesse and supreme jewelling artistry At Baselworld 2008, the tradition-rich Swiss watch brand Milus is presenting the women’s mechanical watch MEREA ‘TriRetrograde Seconds Skeleton’ for the first time as a heavenly ‘Joaillerie’ variation. Scintillating precision emanates radiantly and consummately from the MEREA universe. The extravagant MEREA line for women takes its name from the star Mira, whose brightness varies regularly. In keeping with the MILUS philosophy, the elegant MEREA watches reflect this changeability in an almost playful way. After the successful launching of the MEREA ‘TriRetrograde Seconds Skeleton’ last year, the MEREA ‘TriRetrograde Seconds Skeleton’ Joaillerie watch with sparkling brilliant-cut white and black diamonds has now made its appearance in the MILUS universe: a magical combination of superb jewelling artistry and masterful Swiss watchmaking tradition, a watch that captivates with its ethereal lightness. The enchanting design of the watch is gracefully united with its mechanical perfection. The fascinating retrograde seconds function is housed in a dynamically contoured, three-part case in 18-karat white gold. The real eye-catcher is the stunning dial, which is breathtakingly inset with white and black diamonds. The exquisite decoration elegantly extends from the dial onto the bezel, the bracelet attachment elements and the large-dimension crown, resulting in a charismatic piece of jewellery that scintillates like a star. The oval, lightly curved sapphire crystal reveals striking perspectives in the artistically designed dial of the MEREA ‘TriRetrograde Seconds Skeleton’ Joaillerie watch. This is realised in three different layers. The movement base has circular graining decoration. The second level is coated with an iridescent layer of mother-of-pearl that conjures up a discreet interplay of colour. On the third one, precious white and black diamonds adorn the dial. In front of the backdrop of the seconds display segments in sparkling diamonds, the three silver-coloured seconds hands that jump back in turn after 20 seconds perform a graceful ballet. Positioned at 6, 10 and 2 o’clock, they work clockwise in ‘flying relay’. The precise rhythm of the jumping seconds hands is provided by a Swiss quality mechanical movement in an exclusive special version with automatic winding. The dial allows a view of the two hand-engraved mounting pieces that support the seconds hands. This impressive women’s watch also shows its uniqueness on the back, with a round sapphire crystal viewing window in the screwed-down case back allowing a look at the movement and the skeleton oscillating rotor in the form of the MILUS logo. The black galuchat strap exquisitely rounds off the elegant appearance of this peerless women’s watch. The MEREA ‘TriRetrograde Seconds Skeleton’ Joaillerie watch celebrates the preciousness of each and every second with consummate finesse.Specifications: MILUS MEREA ‘TriRetrograde Seconds Skeleton’ Joaillerie watch – Swiss Made Movement:Swiss quality mechanical movement in an exclusive special version. Circular-grained decoration. Automatic with retrograde seconds in 3 sectors of 20 seconds each. Skeleton oscillating rotor in in 22K red gold in the form of the MILUS logo with the brand symbol at the center. Case:3-part, lightly oval case in 18-karat white gold Bezel, bracelet attachment elements and crown in 18-karat white gold, adorned with brilliant-cut white and black diamonds (Top Wesselton, IF-VVS) – 1.3 caratsWidth: 35.8mm, Length: 36.8mm.Oval, curved sapphire crystal. Polished case back screwed down with 6 screws, and with round, sapphire crystal viewing window. Crown:Large-dimension MILUS crown, set with 12 brilliant-cut diamonds.Dial:Made up of three different levels. Circular-grained movement base.Metal surface coated with white mother-of-pearl, adorned with brilliant-cut white and black diamonds.Two hand-engraved mounting pieces.Water-resistance:To 30 meters (100 feet).Hands:Round, wedged skeleton hours and minutes hands, partially coated with white SuperLuminova. Three seconds hands.Strap:Black galuchat leatherClasp:Buckle clasp in 18-karat white goldRecommended retail price:Upon RequestShop By Replica Watches CollectionRelated articles in Fashion Watches newsValentino Timeless Watch Line To Debut In August 2008DeGrisogono Instrumentino Small Watch

DeGrisogono Instrumentino Small Watch

PRESS RELEASE — EXQUISITE SOPHISTICATION The famous INSTRUMENTINO collection takes on a miniature appearance while retaining its sophisticated contemporary design equipped with an exclusive moon phase. Feminine, very refined models to wear with or without diamonds for small and big occasions. Everything small is cute. Taking inspiration from this maxim, de GRISOGONO has produced its symbolic INSTRUMENTINO collection in adorable proportions that will adorn the most delicate of wrists. Exclusively available in pink or white gold, the INSTRUMENTINO SMALL surprises with its miniature 155 mm and its lightweight 106 grams. With their modern beauty that falls perfectly within the spirit of the collection as well as their precious elegance, these timekeepers will appeal to women confident in their appearance, to wear everyday or for a distinguished event. ONE FACE, FOUR VERSIONSThe INSTRUMENTINO collection is characterised by a daring contemporary design that doesn’t hesitate to have fun with the hours. Impertinent certainly, but never without reason. The INSTRUMENTINO SMALL now arranges the numbers asymmetrically, willingly forgetting to mention the 4 and the 8 in a highly sought-after casual attitude. A unique face rests on a sophisticated dial displaying scroll motifs in matching tones on a black gloss or honey bronzed back.Perfectly mastering the art of jewellery setting, de GRISOGONO never neglects to offer watch making collections adorned with the most beautiful precious stones. Clad in its pink gold cover, the INSTRUMENTINO SMALL offers three refined versions besides its non-set version. White diamonds thus adorn several parts of the models from the bezel to the whole of the watch in a complete paving, via a semi- setting situated on the dial, the bezel as well as the strap’s first fastening links. Traditionally plain with precious stones, the white gold INSTRUMENTINO SMALL presents four versions entirely set or not, with a very elegant half-paved model, aligning several rows of small white diamonds on each of the strap’s fastening links. AN EXCLUSIVE MOON PHASE In general, timekeepers equipped with a moon phase display a curved shaped aperture situated at midday. Reputed for its avant-garde watch making tradition, the de GRISOGONO brand innovates by creating a totally unique moon phase design that displays a big moon at 6 °clock. A surprising feature thanks to a moon disc in an opposite colour concealed beneath a round aperture, placed just below the fixing of the hands on the INSTRUMENTINO SMALL. Since its creation de GRISOGONO has been setting itself apart with designs with a certain daring and exquisite delight. Pushing sophistication to its limits, the INSTRUMENTINO SMALL’s quartz movement has been entirely covered with a circuit cover in blackened brass engraved with scrolls in matching tones. This meticulously finished cover is concealed in the watch, thus invisible from the outside. Because genuine luxury doesn’t necessarily have to reveal itself. TECHNICAL CHARACTERISTICS Calibre:Quartz, R 788, moon phase, de GRISOGONO circuit cover Indicators:Hours, minutes, moon phase Case:5N pink gold or Pd 125 white gold Water resistance:30 metres Dial:Lacquered with appliqués or paved with appliqués Hands:Dauphine Strap 5N pink gold or Pd 125 white gold Fastener:Double folding clasp in pink or grey gold Shop By Replica Watches CollectionRelated articles in Fashion Watches newsMilus MEREA ‘TriRetrograde Seconds Skeleton’ Joaillerie WatchBASELWORLD 2007 Fashion shows

TAG Heuer SLR Laptimer Watch

The TAG Heuer SLR Laptimer watch is a dynamic new timepiece which promises to carry on the legendary reputation of TAG Heuer as a pioneer in the realm of sports timing. The first SLR watch to be offered as a non-limited edition, the SLR Laptimer offers advances upon the acclaimed TAG Heuer Calibre S electro-mechanical movement.An uncompromising attitude of cutting edge sports aesthetics governs the design of the stainless steel case, whose dynamic lines are emphasized by the bold 47mm diameter. Sapphire crystals are naturally fitted, which are treated with an anti-reflective material on both sides to minimize glare to the greatest extent possible. Like a race car, the controls of the TAG Heuer SLR Laptimer watch–the dual fluted crowns, and textured 45-degree pushpieces–emphasize ergonomic design and maximal functionality. The tachymeter bezel, indispensable to measuring average times, is finished with titanium carbide for durability and stealthy good looks. Water resistance of the watch is rated at 100 meters.The black or silver line-pattern dial of the TAG Heuer SLR Laptimer timepiece gives some hint of the flexible functionality this wrist instrument offers. Building upon the selective timekeeping/chronographic functions inaugurated by TAG Heuer with the first Caliber S movement, the movement in the SLR Laptimer offers retrograde functions for 1/10th and 1/100th second intervals, a best lap indicator (up to 20 laps), and a perpetual calendar with retrograde functionality.Set for availability around October of 2008, the TAG Heuer SLR Laptimer watch will be offered with a 5-link stainless steel bracelet incorporating SLR lettering and safety releases, or a rubber strap whose texture draws inspiration from the lateral air intake of the SLR 722 car.Shop By TAG Heuer CollectionRelated articles in Tag Heuer newsTag Heuer Alter Ego WatchTAG Heuer Carrera Watch Collection Reveals New Additions Pre-Baselworld 2008
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Panerai Luminor 1950 Regatta Rattrapante Watch Rewards Panerai Classic Yachts Challenge Victors

For luxury watch manufacture Officine Panerai, the most exceptional boating grounds of the Atlantic and the Mediterranean waters provide an opportunity to celebrate the artistry of classic boats and the skill and daring of their crews. For the fifth year straight, the Panerai Classic Yachts Challenge presents contests of nautical skill across the globe, from France and Italy to historic sailing locales in the Eastern United States and the Caribbean. The events are spaced through the months of June through September. Sweetening the victory obtained by the winner of any of the regattas, is a coveted Panerai limited edition chronograph. For the 2009 Panerai Classic Yachts Challenge 2009, that exclusive prize is the Luminor 1950 Regatta Rattrapante 44mm DLC. This timepiece, which you can click here to read more about, presents Panerai’s signature cushion-shaped Luminor case with a stealthy cloak of “Diamond-Like-Carbon” (DLC) treatment. Produced in an exclusive edition of just 500 pieces for the entire world, the Panerai Luminor 1950 Regatta Rattrapante watch is as much a technical standout as it is one of style: ticking inside the water resistant case is a chronometer certified self-winding movement incorporating the prestigious split-seconds chronograph. This complication is considerably more complex than a standard chronograph, and represents a true achievement of exceptional watchmaking skill; with its system of dual independent chronograph seconds hands, the split-seconds chronograph is capable of measuring elapsed time for two events occurring simultaneously. There are several 2009 Panerai Classic Yachts Challenge events scheduled for the upcoming month. In the United States, the Museum of Yachting Classic Yacht Regatta will be held off Newport, Rhode Island on September 5th and 6th. The Vele d’Epoca a Porto Rotondo takes place in Sassari, Italy over September 10th-13th. The final event is in Cote d’Azur off the coast of Cannes in France, where the Regates Royales will unfold from September 21st through September 26th. More about Officine Panerai:Panerai brand & timepiece collectionsPanerai Luminor 1950 Regatta Rattrapante watchPanerai product blogsPanerai newsShop By Panerai CollectionRelated articles in Panerai newsPanerai PAM00317 Luminor 1950 Ceramic 8 Days Chrono Monopulsante GMT Watch
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Montblanc Profile Lady Elegance Etoile Secret Watch

Red gold and the sparkle of Top Wesselton round brilliant diamonds create a powerful aura of radiant elegance for the newest member of Montblanc’s feminine Profile watch collection, which will debut at the 2009 Salon International de la Haute Horlogerie (SIHH). The Montblanc Profile Lady Elegance Etoile Secret watch features a 23 x 35mm case crafted from polished 18-karat red gold; the gold crown displays the distinctive Montblanc star. The diamond setting, which continues uninterrupted between the rectangular case and the mother of pearl dial creates a striking impression that evokes flakes of falling snow gently settling upon the Alpine slopes; a Montblanc diamond–like the brightest star in the sky–is proudly set at the 12 o’clock position. In total, 125 diamonds adorn the dial (including the single Montblanc cut) and 113 grace the case. A white satin strap and a red gold folding clasp completes the feminine ensemble. The Montblanc Profile Lady Elegance Etoile Secret watch is fitted with scratch-resistant crystal manufactured from sapphire. Timekeeping functions are animated by a highly precise battery-powered quartz movement. Water resistance is rated at 30 meters. In addition to the model displayed, Montblanc will also present a version with a brown dial and strap. Production of both variations of the Profile Lady Elegance Etoile Secret watch will be limited to editions of 10 pieces. Shop By Montblanc CollectionRelated articles in Montblanc newsMontblanc Star 4810 Chronograph AutomaticMontblanc Profile Lady Elegance Diamonds Watch
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Valentino Timeless Watch Line To Debut In August 2008

Valentino, the famous fashion house, will release its exclusive watch collections for sale to the public this month. The Valentino line of timepieces, which comprises eight models for women and two for men, was well received at Baselworld 2008. The timepieces, whose production is the result of a 2007 license agreement with Timex Group Luxury Watches will be offered at high-end retailers first, with brand exclusive boutiques coming a month later, in September. Among the models for women include the decidedly feminine “Etoile”, and the distinctive and elegant “Vanity” watch, whose striking diamond-set case with radiating spires is inspired by the Russian constructivist art movement. Men too can enjoy the new range of Valentino timepieces. The most casual of the two watch offerings for men is the “Homme”, a limited edition stainless steel automatic chronograph accentuated with synthetic materials such as polyurethane; the “Prestige” line presents an eye-catching case shape with a screw-decorated bezel, and a number of other refined and complex finishing details. Each Valentino watch will be packaged in an elegant and luxurious manner whose lavish use of silk emphasizes the prestigious heritage of the house of Valentino. Shop By Replica Watches CollectionRelated articles in Fashion Watches newsSwiss Watch Exports Strong In September 2008Milus MEREA ‘TriRetrograde Seconds Skeleton’ Joaillerie Watch