AWJ Special Feature: Eras of Vintage Watches by Hamdan Bin Humaid AlHudaidi, Founder & Chief Executive, Ashfields Consultancies Limited - Horology Consultancies

   
 
 

Market News

 

AWJ Special Feature: Eras of Vintage Watches by Hamdan Bin Humaid AlHudaidi, Founder & Chief Executive, Ashfields Consultancies Limited - Horology Consultancies

Reaching to the level of collecting vintage timepieces is reaching to a different level of collecting. Before briefly talking about the quality differences and the life the lays and stays in vintage, I would like to explain who the collector of vintage is or they are.

The collectors of vintage timepieces and watch related collectibles are unusual collectors who like unusual watches, they like quality, they like watches that speak, watches with life, watches that have aged, watches that would have kept the same shape but with an aged face “dial”, with beautiful scratches on the body that gives a feeling only a passionate collector of vintage would now. 

Raising hats and clapping hands to the beautiful ateliers and watch manufacturers today whom evolved, improved and accelerated the process of making watches consistently, specially watch companies that use to mass produce in quantities by using manpower “watchmakers”. To satisfy the collectors all over the world the production has to increase and the quality has to be consistently maintained. Company like Patek Philippe, Vacheron Constantin, Omega, Rolex and similar strategic companies, cannot comprise. That’s why today a good part of their manufacture led by the best machines and technologies that are handled by the best watchmakers and engineers of the present.

The revolutionary change has its advantages and disadvantages of course. When manufacturers step in and machines takeover works of hands the good thing is the result will always be consistent, always as projected and planned but I’m very afraid to say “lifeless because handless”. As much life you would or could see as much depth you see in the dial or beauty you see in the watch, there will be a stop a limit  for excitement and then eventually off.

Unlike vintage timepieces and watch related collectibles that were done and created in a categorized era of 3. Making the first category of early vintage to be between the 1850 until 1920, and then second one from the 20’s until the 50’s and third one from the 60’s until the 90’s.

Until the 1920’s the best pocket watches were produced, watches that involved a lot of enameling and artistic work that involved a lot of hands work, precision and delicacy. That is very challenging to be done by many of the manufacturers today. For instance the best quality of “Tourbillons” were done by Patek Philippe, Vacheron Constantin, of course Breguet, Charles Frodsham and many known to be names at that time, it was the time of pocket watches, standings and hanging clocks. Today the collectors of timepieces from that era seek and look at something that other collectors doesn’t see yet and haven’t been interested in yet which they eventually will. Those collectors are not only individuals, but museums and organizations that study  the ways and techniques of watchmakers and matchmaking knowing that many of the know-hows and techniques has gone down with watchmakers to the grave leaving the curiosity and excitement to the following generations.

The trend of wrist watches started from the 20s and dramatically increased and has been only and always increasing until present. From the classical round watches, to the shaped ones to the unusual shaped watches with all different lugs that trended and trending back again but only found through vintage. There are many key points that drives vintage to the current success we witness today.

- The quality of craftsmanship that many of the manufacturers used to have when when they used watchmakers to craft every part and component of the watch independently using their exceptional skills. Companies like Patek Philippe, Vacheron Constantin, Omega, Rolex, Lemania, Longines, Breitling, Breguet, Audemars Piguet, Panerai, and many other that has gone leaving history and stories and many has continued meeting the objective of the collectors and futuristic or modern need.

- Regardless of the condition of most of the vintage timepieces, the fact of it being full of life because of the genuine input, the collectors can actually speak to the piece feeling that there is a real interaction between them and it, know for a fact that there no more is currently being produced from the piece they are holding in hand.

- Many of the manufacturers and ateliers used naturals resources when building and constructing a timepiece which gives and gave actually the pleasure for such piece to show their patina & aging throughout the dials, indexes and oxidization which collectors find very interesting and makes the pieces more collectible.

- Today many of the international brands and independent watchmakers still use brand new old stock fine vintage movements as a base for their timepieces and sometime they modify the movement partially adding their speciality and uniqueness to it.

In conclusion, we realize that many of the leading complicated mechanism sourcing companies are not here anymore “due to the harsh politics I must say in field of the watch industry”. While their beautiful work only still exist and will always do because of their incomparable work. Giving the opportunity to the collectors to be confident and sure that there are limited numbers of those movements floating around, same movements carried by different brands giving collectors the choice which brand he wants to buy. For instance the Valjour movements, Lemania, Marvin, and Venus movements as some names I’m giving that has been used the most and by many aggressive names in the industry for their iconic timepieces such as Rolex, TAG Heuer, Jaeger-LeCoultre, Patek Philippe, Vacheron Constantin, Hermes, Omega, Roger Dubuis, Franck Muller and many other names that had to use those fine vintage quality and techniques to meet the result they expect.

As an open minded collector, I believe that the collector of Vintage is a collector of special and unique timepieces, pieces that has life, pieces that speak through its aging, scratches and patinas. The collector of vintage doesn’t want to be different only, but uniquely different.

 

LVMH and Tiffany in talks to trim $16b deal

Tiffany & Co. and LVMH are in discussions to reduce the price of the French luxury giant's contested deal to buy the US jeweller, according to a person familiar with the matter. The companies are discussing a price of $130 to $135 per Tiffany share, according to the person, who asked not to be named because the talks are private. The behind-the-scenes negotiations may not lead to an agreement, the person said. The original price for the deal was $135 per share, or about $16 billion in total. By taking control of Tiffany, LVMH would gain better access to the worldwide luxury jewellery market. Tiffany shares rose as much as 5.2% to $129.16 in New York trading recently following reports of settlement talks.

 

IEG’s international gold and jewellery show announces its return in March 2021

Italian Exhibition Group’s 2021 Jewellery Agenda will resume from the most highly anticipated stage for those involved in international gold and jewellery: Vicenzaoro will be spotlighting the latest ideas, trends and strategies in the jewellery world from 12th to 16th March, live, at Vicenza Expo Centre. Running at the same time will be T.Gold, the Show specifically for technologies and machinery for jewellery processing. A core event for the community due to its ability to express and optimally represent the entire manufacturing supply chain, act as a launching showcase for collections by top brands and a privileged observatory on jewellery style and design trends, the first annual edition of Vicenzaoro will shift from January to March in a timeframe that is more favourable for the industry’s business dynamics and the resumption of international mobility from Europe as well as the United States, Japan, Russia and the Middle and Far East.

 
 

Company News

 

Chopard official timekeeper of the 1000 Miglia race

For the 32nd consecutive year, Chopard lined up at the start of this new edition of the 1000 Miglia rally as main partner and official timekeeper. Traditionally organised in May, the car race regarded as "the world’s most beautiful" was held this year from October 22nd to 25th, in compliance with the prevailing public health regulations. This calendar upheaval did not dampen the enthusiasm of the 400 crews who set out to conquer the 1,618 kilometres of the course – all under the protective, encouraging and watchful gaze of friend of the Maison, Jacky Ickx, who presided over the festivities organised by Chopard. The evening before, during a dinner at La Sosta in Brescia, "Mister Le Mans" unveiled the new timepieces from the Mille Miglia Collection created by the in-house Artisans in homage to the race.

 

CHANEL presents MY PREMIÈRE·BOY

CHANEL, committed to no longer using exotic leather straps for its watches, presents MY PREMIÈRE·BOY with a large selection of straps to personalize your PREMIÈRE·BOY watch. The decision was based on the increasing complexity of sourcing exotic skins that meet CHANEL's high standards in terms of both ethics (traceability guarantee, breeding conditions) and quality. Combine different watch sizes with colored straps in calfskin, alligator motif or quilted motif, tweed, and tweed motif in beige gold or steel.

 

Oceana and Blancpain exclusive partnership

Oceana, the largest international organization dedicated solely to ocean conservation, has announced Blancpain as its exclusive watch partner, working together to further Oceana’s campaigns to restore ocean abundance and Blancpain’s commitment to ocean exploration and conservation. As part of the partnership, Oceana and Blancpain will lead an expedition in the summer of 2021 to Arrecife Alacranes (Scorpion Reef), the largest reef in the southern Gulf of Mexico. It has been designated by UNESCO as a biosphere reserve and the Mexican government established it as a National Park, home to more than 500 species of fish and 34 species of coral. Oceana announced its partnership with Blancpain at Oceana’s annual New York Gala that raised more than $1.2 million for ocean conservation. As an Atlantic Ocean sponsor of the event, Blancpain donated their Fifty Fathoms Ocean Commitment III watch for private auction.

 

Louis Moinet's Memoris Superlight is once again rewarded for its unique design

A memorable 2020, rich in prizes, for Memoris Superlight. A "Platinum Award" from the Muse Design Awards has been added to its list of achievements. An avant-garde international competition created in 2018, the Muse Design Awards honours design professionals and only rewards exceptional concepts, especially in the field of architecture. The chronograph mechanism, fully visible on the dial side, gives Memoris Superlight an unusual aesthetic. This symmetry between construction and design ultimately convinced the panel and Memoris Superlight was once again rewarded.

 

Jaeger-LeCoultre unveils a newly commissioned work by renowned Swiss artist, Zimoun

As a highlight of The Sound Maker, Jaeger-LeCoultre’s year-long celebration of the art of sound in watchmaking, the Maison will present a new ‘sound sculpture’ installation commissioned by Jaeger-LeCoultre from the Swiss contemporary artist, Zimoun, The new work of art will be exhibited around the world, following its debut in China this fall. In his work, Zimoun employs simple raw materials and repurposed industrial components to create complex and evocative tapestries of sound and movement that redefine traditional ideas of sculpture, space and time.

 

OMEGA Dubai Moonlight Classic 2020

This year’s OMEGA Dubai Moonlight Classic is set to begin on November 4th, welcoming many of the best players from the Ladies European Tour. This pioneering competition was held for the first time in 2019, and is renowned for being the world’s first professional day-night golf tournament. This year, the three-day and 54-hole event will be played under LED floodlights at the iconic Faldo Course at Emirates Golf Club against the iconic Dubai skyline, with 56 players competing for victory. From the Title Sponsor and Official Timekeeper OMEGA, the winner of this year’s tournament will receive a Speedmaster 38 mm timepiece along with their winner’s cheque.

 
 

Product Launch

 

Chopard releases “Magari” jewellery watch

The creative soul of Chopard and initiator of its Journey to Sustainable Luxury, Co-President and Artistic Director Caroline Scheufele celebrates the wonders of Nature through the new Red Carpet Collection. Among the 73 Haute Joaillerie creations composing this precious casket – a number honouring the 73rd Cannes Film Festival which should have been held in 2020 – the “Magari” jewellery watch pays tribute to on exceptional gemstones. Thanks to their unique expertise, the Artisans of the Geneva-based Maison have adorned the dial of this 40-hour power reserve automatic timepiece with a subtle corolla of pear-shaped diamonds totalling over 32 carats. Respectively set at 12 and 6 o'clock, a fancy pink and a fancy blue pear-shaped diamond weighing two carats each enhance this timepiece with an aura of purity and nobility.

 

Presenting Breitling's Chronomat for Women

Breitling has presented new Spotlight Squad as they launch Chronomat 36 and 32 watches - for women of purpose, action, and style. Some people have mastered the art of not only shining in the spotlight, but also shining their light on others and inspiring change in the world. Three of them are on our Spotlight Squad: Charlize Theron, Misty Copeland, and Yao Chen. These extraordinary entertainers are at the top of their game, and have shattered the stereotypes clinging to their gender and respective fields. Sporty yet elegant, this modern-retro-inspired watch easily takes its wearer from business meeting to the beach – and everywhere in between. It symbolizes competence and effortless style.

 

Ulysse Nardin unveils the Diver Net

Ulysse Nardin has introduced the Diver Net: a concept watch in which each trim element has been designed to be as environmentally friendly as possible and to promote sustainability at the level of excellence. From the sea to the wrist, Diver Net is an innovative solution made of fishing nets in collaboration with the French company FIL&FAB and features a wrist strap made from PET plastic from the sea. The diver watch is equipped with a concave inverted unidirectional bezel, also made of recycled fishing nets, with a curved transparent ceramic glass instead of a traditional sapphire glass. The white, gray and green dial, with its majestic white “UN” lettering, heralds the mechanical marvel that sits within it. On the hour-markers and hands, the acid green Superluminova makes it easier to see the time in the dark.

 

Introducing Ressence Type 5X

Ressence continues to change the way and the why we experience watches by introducing the second piece in its X collection. Collection X marks the first 10 years and brings the brand manifesto to life. Visually Ressence created a dedicated symbol for the collection that is the fusion of an X, or ten in Latin, and an hourglass. It sits proudly on the hour disc of the Type 5 X. Each of the four watches of the Collection X are limited to 40 pieces, with the dark olive-green colour being the common thread linking all pieces. The collection focus continues to be the better utilisation of time through design - graphically making us more aware of the importance of passing time.

 

Ateliers deMonaco presents the Admiral Chronographe Flyback Stradivari

Produced in partnership with the architect and designer Luca Stradivari, a direct descendant of legendary luthier Antonio Stradivari – creator of the famous Stradivarius violin – the new Admiral Chronographe Flyback Stradivari watch is a wonderfully refined and beautifully orchestrated device. Available in four limited editions (steel, 18 carats rose gold, white gold and yellow gold), fans of fine watchmaking are sure to appreciate the difference this striking creation with its geometric dial and ingenious chronograph flyback function will make to daily life.

 

DELMA introduces Oceanmaster Tide

With the Oceanmaster Tide, Delma introduces a tidal tracking feature to its cherished series of Oceanmaster timepieces. This new component enables tracking of the ebb and flow of the sea at port or in the most extreme and remote locations. With high and low tide clearly indicated on the sleek bezel, aquatic adventurers will always be aware of tidal conditions. The bezel is to be set by the user according to the local tide table, beginning with aligning the next high or low tide indicator to the position of when it will occur in their specific location. Once set, the streamlined high and low tide indicators help to approximate the tide schedule based on the Lunar Day to forecast the next tidal occurrence. The subtle graduation of tidal phases reflects the gradual changes in sea level as tidal bulges and recessions occur.

 

New Skeleton Spider by Aerowatch

Aerowatch SA has enriched its Grande Squelette collection with the new “Spider Squelette”, demonstrating yet again how a style icon can further evolve. True to the art of the original spider skeletonization, the watch takes a fresh step into contemporary finesse. To assert the choice of its name, the seconds hand was graced with a spider. The manually wound matte, skeletonized Unitas movement showcases the styledefining signature of Aerowatch with genuine artistry. Underlining the looks of the rounded case and the red ring with the dot markers, the “Spider Squelette” makes a prominent statement. Since the Aerowatch spider is also active at night, the hands and dot markers were coated with SuperlumiNova.

 
 
 
 

Be constantly updated on the latest Watch & Jewellery Business markets of the Middle East, as well as information on competitors, promotions, product trends, industry analyses, appointments, new product introductions & developments and market research.

Our weekly 'Arabian Watches & Jewellery Business Newsletter Broadcast' is distributed to over 22,000+ industry executives, Watch & Jewellery manufacturers and distributors, retailers, investors and media consultants globally.

Unsubscribe / Submission of News / Open Forum / Obtaining our news distribution / Confidentiality Important Copyright Notice / Disclaimer

Developed by We Do Web