Industry News: Richemont Reports Stable Sales For Q1 2024, Results Down for Watches
Following the announcement yesterday of decreasing sales for the Swatch Group, particularly impacted by the industry's challenging situation in China and South East Asia, it is time today for one of its main competitors, Richemont Group, to announce its sales for the first quarter ended 30 June 2024. Contrary to expectations, global sales are to be seen as stable despite uncertainties, with sales up 1% at constant exchange rates. The owner of Cartier and watchmakers such as Lange, IWC, Vacheron or Jaeger however reports contrasted results depending on the regions and business areas, with a difficult situation for the Specialist Watchmakers.?Looking at the large picture, the Richemont Group seems to resist the current macroeconomic and geopolitical uncertainties, with sales up 1% at constant exchange rates compared to the same period in 2023 – April 1st to June 30th. The Group reports sales at EUR 5,268 million for Q1 2024 versus EUR 5,322 million for Q1 2023, a decrease of 1% due

Found - A Habring2 Monopusher Chronograph Japan Edition Black Dial
Habring2 is a brand that is special on many levels. Not only is it one of the rare manufactures to produce mechanical watches in Austria, but it is also the shared vision of a couple, Maria and Richard, some of the most pleasant and passionate people we know. And of course, the independent watchmaker is also known for making cool, finely crafted and creative watches – with a focus on chronographs and dead-beat seconds. Among these watches, there’s one that has to be seen as extremely desirable, the Habring2 Monopusher Chronograph Japan Edition, a rare watch retailed exclusively through a Tokyo-based retailer… And one of these superb models just appeared for sale.?Habring2 is the result of a shared vision between husband-and-wife Richard and Maria, founders of a small independent watchmaking atelier that, over the years, has gained great respect and fame. Born in 2004, Habring2 is not your typical, ultra-famous and demonstrative brand. It comes from Austria, from the s

Visit the Speedy Tuesday Event in the Space Expo in the Netherlands - Monochrome Watches
Our buddies from Fratellowatches are crazy about the Omega Speedmaster. Not just crazy, but seriously nuts about that watch, its history, its legacy, all the different models and well, just everything about the Speedmaster a.k.a. Moon Watch. Every Tuesday they post a story about yet another highly collectable and rare Speedmater. The crown on more than a year of Speedy Tuesday is coming soon: the Speedy Tuesday Event!The Speedy Tuesday Event will be held on Tuesday the 29th of October, and starts at 16:00 (GMT+1). The location perfectly suits this event: the Space Expo, ESA-ESTEC's visitor centre in Noordwijk, The Netherlands. There will be many new and vintage (lots of vintage!!) Speedmasters and the entire day will be hosted by the Fratello team and Omega representatives. This is of course an event not to be missed for any Speedmaster addict and THE place to meet fellow collectors.? Hey, they even fly in the former NASA engineer James Ragan, who was responsible for selecting and test

Kering Sells Girard-Perregaux & Ulysse Nardin to Management
As we’ve just entered the LVMH Watch Week, the other French luxury powerhouse, Kering (ex-PPR) has just announced the finalisation of the management buy-out of Girard-Perregaux and Ulysse Nardin, thus selling its watch activities to the current management of the brands. Following some talks that started a few months ago, it is now confirmed that Sowind Group SA, the umbrella above GP and UN, is out of the portfolio of Kering. The transaction, which has been conducted by the current CEO of both brands, Patrick Pruniaux, should be finalised this summer.As a reminder, Kering Group is a French conglomerate specialized in luxury goods, majorly owned by Fran?ois-Henri Pinault. Under this umbrella are brands such as Balenciaga,?Bottega Veneta,?Boucheron, Gucci or Yves Saint Laurent. Up until now, the group was also involved in watchmaking. In 2011, Kering took a majority stake in Girard-Perregaux (as well as the now-defunct brand JeanRichard, owned by the same company Sowind Group SA).

Introducing Ulysse Nardin Diver Lemon Shark (Specs & Price)
Ulysse Nardin is no stranger to the aquatic world. If the brand has a long tradition of marine chronometers, it has also long been involved in dive watches as well as protection of the oceans and their population, specifically sharks – remember the multiple Hammerhead Shark editions done by the brand in past years. Now, as part of the celebration of World Ocean Day, the brand unveils a new model that is, once again, entirely devoted to ocean conservation and reducing marine pollution. This watch follows the DIVER NET concept, by teaming up?with world-renown shark experts dedicated to the study of marine life and ocean conservation by bringing together two dedicated organizations, OCEARCH and the FIU Medina Aquarius Program. And the watch, the new Ulysse Nardin Diver Lemon Shark is focused on a gentle giant that lives in Florida.With this watch and more to come, Ulysse Nardin has pledged its efforts in an environmental commitment that follows the United Nations guidelines and thei