A beginner's guide to fine Swiss watchmaking. This short overlook includes: history, modern business, glossary, brand stories, complication hierarchy and importance of service.
5. Swiss watch industry
Switzerland
Area: 41 284 km²
Population: 7 700 200 people
GDP: more than $ 636 billion
Languages: French, German, Italian,
Romansh
Government: federal republic
Districts: 26 cantons
Capital: Bern
6. Swiss watch industry
Switzerland
Export: 19 300 mln. EURO
Produced: 29.8 mln. pieces
Production centers: cantons Vaud,
Geneve, Neuchatel, Jura
7. Watch sales
7%
15%
18%
81%
60%
10%
7%
2%
Quantity Value
Switzerland Japan Others China
*data from research of Harward Business School, 2010
20. Watch dictionary
Escapement
A mechanism that is fitted
between the gears and
the regulating organ to
suspend the gears' motion
at regular intervals
Pendulum
21. Watch dictionary
Balance
A circular, moving part which
oscillates on its rotational
axis
Heart
22. Watch dictionary
Bezel
A ring around the case
middle that secures
the crystal.
Top ring
23. Watch dictionary
Guilloche
A decorative engraving
technique in which a precise
intricate repetitive pattern
or design is mechanically
engraved into an underlying
material with fine detail
Decoration
24. Watch dictionary
Calibre
A synonym of size. Used to
denote the layout and
dimensions of the different
movement
pillars, wheels, barrel, etc.
Movement
25. Watch dictionary
Jewels
An international term for the
jewels (rubies) in a watch
movement that are used as
bearings for pivots to reduce
friction.
Bearings
26. Watch dictionary
Vibrations
Movement of a pendulum or
oscillating body between
two extreme positions.
An oscillation ("tick-tock")
equals two vibrations
Tick-Tock
27. Watch dictionary
Rotor
A semi-circular disc that
freely rotates with each
movement of the arm
to automatically wind
the mainspring.
Winding
28. Watch dictionary
Chronograph
A watch combined with a
mechanism which can be
started, stopped and
returned to zero on demand
to measure intervals of time
Stop-watch
29. Watch dictionary
Chronometer
A high-precision watch displaying
seconds whose movement has
been controlled over a period
of several days, in different
positions and at different
temperatures, by an official
neutral body
Precise watch
32. Watch history
John Calvin
Birth: 10 july 1509
Education: theology, law
Reforms:
Creation of city council
Death penalty
Ideas:
“Life at the wealth, death in
the poverty”
“Denial of decorations”
33. Watch history
Geography
Area: mountains of Alps and Jura
Average temperature: from +4 to
+6
Precipitation: up 2 000 sm/year
Language: French
Cantons: Geneva, Vaud, Neuchatel
37. Watch history
Rapid Development factors
Innovative progress in:
Aviation
Diving
Military
Engineering
Pursue of precision
Coroporate and government orders
39. Watch history
Quartz crisis
Quartz watches:
Battery powered
Highest precision
No winding
Digital analogue display
Fuel crisis:
USD value fall
CHF value growth
Results:
Production fall from 90 000
pieces to 33 000 pieces
40. Watch history
Gunter
Franck Muller
Blumlein
Fanck Muller
Richemont
Ernest Nicolas Hayek Rolf W.
Schneyder Schneider
SWATCH
Breitling Ulysse Nardin
Renaissance
Founding fathers of new Swiss watch
industry
41. Founding fathers
Gunter Blumlein
• Life: 1944-2001
• Company: LMH (in 1981) – later a
grew into Richemont Group
• Brands: IWC, Jaeger-
LeCoultre, A.Lange & Sohne
• Gave second life to A.Lange&Sohne
• “Savior” of Jaeger-LeCoultre from
bankruptcy
42. Founding fathers
Franck Muller
• Life: 1958-present
• Company: Franck Muller Group
(founded in 1991)
• Master of Complications
• Watchmaker (Ecole d'Horlogerie de
Genève)
• Co-Founder and partner – Vartan
Sirmakes
43. Founding fathers
Nicolas Hayer
• Life: 1928-2010
• Company: Swatch Group (from
1985)
• Brands:
Breguet, Blancpain, Omega, Jaquet
Droz, Longines, Rado, Tissot, Hamilt
on, Swatch, CK
• Engineer, 2 PHDs
• Creator of SMART car
• “King” of Swiss watches
• 232nd wealthiest person
44. Founding fathers
Rolf W. Schnyder
• Life: 1935-2011
• Company: Ulysse Nardin (bought in
1983)
• Traveler, athlete
• Most of the life spent in Asia
(Malaysia, Thailand, China, Vietnam
)
• Worked with Ludwig Oechslin
45. Founding fathers
Ernest Schneider
• Life: 1921-present
• Company: Breitling (bought in
1979)
• Professional pilot
• Watchmaker and microelectronics
engineer
• Non-public person
• Lead Breitling to manufacture status
49. Watch brands
Breguet
Founded: 1775
Founder: Abraham-
Louis Breget
Brand meaning:
Founder’s last name
Town: Valle-de-Joux
50. Watch brands
Achievements
Invented tourbillon
Invented hairspring
Created dial guilloche
Produced first wrist
watch
51. Watch brands
Hublot
Founded: 1980
Founder: Carlo Crocco
Brand meaning: in
French bull`s eye
Town: Nyon (suburbs of
Geneva)
52. Watch brands
Achievements
First watch on rubber
bracelet
Proficency in material
combination
(titanium, ceramics, etc.
)
53. Watch brands
IWC
Founded: 1868
Founder: Florentine
Ariosto Jones
Brand meaning: short
for International Watch
Company
Town: Schaffhausen
54. Watch brands
Achievements
The only watch
company in German
speaking Switzerland
Masculine brand
Programmed calendar
for 500 years
Classical pilot watches
55. Watch brands
Jaeger-LeCoultre
Founded: 1833
Founder: Antoine
LeCoultre
Brand meaning: names
of partners (Edmond
Jaeger and Jaques-
Davide LeCoultre)
Town: Valle-de-Joux
56. Watch brands
Achievements
Creator of
milionometer
Full cycle
manufacturing
Inventor of
gyrotourbillon
Development of
Extreme LAB watch
57. Watch brands
Omega
Founded: 1848
Founder: Louis Brandt
Brand meaning: fro
calibre named Omega
(idea of perfectness)
Town: Biel/Bienne
58. Watch brands
Achievements
Watch of Apollo 11
astronauts
Olympics’ official
timekeeper
James Bond watch
Development of Co-
Axial escapment
59. Watch brands
Patek Philippe
Founded: 1839
Founders: Antoni Patek
and Fransua Chapek
Brand meaning: name of
partners (Antoni Patek
and Jean-Adrien Philippe
Town: Plan-les-Ouates
60. Watch brands
Achievements
Inventor of crown
#1 at antiquarian
auctions
Champion of precision
61. Watch brands
Romain Jerome
Founded: 2004
Founder: NA
Brand meaning: NA
Town: Geneva
62. Watch brands
Achievements
Watches with Titanic
parts
Watches with Moon
dust and parts of Apollo
11
Developer of capsule
collection concept
Watches for
professional golfers
63. Watch brands
Rolex
Founded: 1908
Founder: Hans Wilsdorf
Brand meaning: NA
Town: Biel/Bienne
64. Watch brands
Achievements
Waterresistance record
Largest watch
production
First automatic watch
First certified
chronometer
65. Watch brands
Ulysse Nardin
Founded: 1846
Founder: Ulysse Nardin
Brand meaning: name
of the founder
Town: Le Lockle and
La Chaux-de-Fonds
66. Watch brands
Achievements
Most reliable marine
chronometers
Most complicated
watches – Guiness book
of records
The only jaquemarts
watches
Watches with silicon
parts
67. Watch brands
Vacheron Constantin
Founded: 1755
Founder: Jean-Mark
Vacheron
Brand meaning: name
of partners (Jaques-
Barthélemy Vacheron
and François
Constantin)
Town: Plan-les-Ouates
68. Watch brands
Achievements
Most ancient
manufacture
First antimagnetic
watch
70. Watch business
Franck Muller Group
Rolex Group LVMH
Richemont Group Swatch Group
Holding companies
Largest conglomerates
71. Watch business
FMG
Franck Muller Group
• Fonded: 1991
• Brands:
• Franck Muller, CVSTOS, Pierre
Kunz, Backes&Strauss, Martin
Braun, Smalto, European
Watch
Company, Rodolphe, Roberto
Cavalli, Pierre Michel Golay
• President: Vartan Sirmakes
72. Watch business
LVMH
Louis Vuitton Moet Hennessy
• Founded: 1987
• Brands:
• Zenith, Hublot, TAG
Heuer, Dior, BVLGARI, Chaume
t
• President: Bernard Arnault
73. Watch business
Richemont Group
(ex-LMH: Les Manufactures
Horlogeres)
• Founded: 1986
• Brands:
• A.Lange&Sohne, Dunhill, Bau
me&Mercier, Cartier, IWC, Jae
ger-LeCoultre, Roger
Dubuis, Montblanc, Panerai, Pi
aget, Vacheron
Constantin, Van
Cleef&Arpels, Ralph Lauren
• President: Johann Peter Rupert
74. Watch business
Rolex Group
• Founded: 1946
• Brands:
• Rolex, Tudor
• President: Gian Riccardo Marini
75. Watch business
Swatch Group
(ex-SMH: Swiss Corporation for
Microelectronics and Watchmaking Industries)
• Founded: 1985
• Brands:
• Breguet, Blancpain, Omega, Ja
quet
Droz, Longines, Rado, Tissot, H
amilton, Balmain, Certina, Mid
o, Endura, Swatch, Calvin
Klein, Flik Flak, Leon Hatot
• President: Neyla Hayek
• CEO: Nick Hayek
105. Watch waterresistance
< 30m (3am) • No water contact
30m - 50m • Minimum water contact - hand washed with watches on
50m - 100m • Some contact with water -car washed with watches on
100m - 200m • Swimming with watches on
200m - 500m • Active leisure on water with watches on
>500m (50am) • Diving with watches on