Category: Recommended Reading

Vincent Perriard – HYT Watches’ Man On Fire

| March 4, 2013 | Reply

HYT H1
© 2013 Adam Priscak for WatchAnish and TWL

A few weeks ago Vincent Perriard, CEO of HYT Watches, was in London for a short stop-over. Fortunately our diaries aligned and I was able to catch up with him for a quick drink at the front-bar of the trendy Soho Hotel to get the low-down on one of the industry’s hottest rising stars. Here’s what he had to tell me.

Vincent Perriad is a man on a mission.

Despite being in the enviable position of heading up what is arguably one of the hottest young brands in haute horology right now – HYT Watches – he is not resting on his laurels. A demanding travel schedule means he is constantly on the move, never staying in the same place for long and always trying to fit in that extra meeting. For example, when I caught up with him in London for a quick chat a few weeks ago he was only in the country for 16 hours (including transit time), during which time he was attending three meetings and a dinner. He was due to fly home the next morning for the weekend and then it was on to New York for another whistle-stop visit.

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The (R)evolution Of Piaget – Watch This Space

| August 27, 2012 | 6 Replies

Piaget
Photo Credit: WatchAnish and Adam Priscak 2012

OK, be honest, what do you really know about Piaget?

Sure, they were (at least up until a couple of years ago) the makers of the world’s thinnest mechanical watch, but what else…?

It seems, to me at least, that for such a large brand (owned by the even larger Richemont group) Piaget hasn’t really got male pulses racing over here in the UK (well, not mine anyway). Granted they have a rich history and are one of the few in-house movement manufacturers yet, with the obvious exception of the Altiplano, they don’t seem to be particular renowned for anything.

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Does The Swiss Watch Industry Have An Image Problem?

| May 29, 2012 | 1 Reply

question mark

This is the question I seem to keep unwittingly asking myself as I read more and more about the unfolding ‘Save The Time’ saga here in Australia. Since Australian watchmaker Max Schweizer appeared on video decrying the move by unnamed Swiss watch manufacturers to cease the supply of spare parts to independent Australian service centers, the Internet has been rife with rumor and conjecture about who’s involved, the legality of such a move and so forth. No real surprises there but what is surprising (relatively speaking) is the response from the watch industry so far. Or rather, the lack of response.

Mum’s The Word
Ok, admittedly it’s not that surprising. The Swiss watch industry is notorious for being tight-lipped at the best of times and almost operates, to a degree, in a shroud of secrecy. That was until yesterday when Rolex Australia broke the unspoken code of silence to speak to the Australian media about the allegations leveled by the ‘Save The Time’ campaign (click here to read the full article.)

What I do find fascinating however is that all of a sudden people are coming out of the woodwork with stories of their brother’s wife’s sister’s boyfriend who had one unpleasant experience with an Authorized Dealer, or indeed the brand itself, and therefore as a result the allegations made must be true. These are the same people who claim to be devotees of the brand and indeed own one or several of their timepieces already, yet I haven’t really seen any concerted efforts by brands to address these concerns. To some outside of the industry this may be an unfathomable concept, especially in this age of social media domination we currently find ourselves in, but unfortunately it is an all too common scenario.

gagged man

Which again causes me to ask myself the question; does the Swiss Watch industry have an image problem?

Time To Speak Up?
As an independent observer who is not privy to all the facts I am not in any position to comment on the legitimacy of the claims made by either side. What I can say though is that I think this situation presents an excellent opportunity for brands within the industry to engender some serious goodwill with their customers by speaking up.

I think it’s fair to say that many brands, especially those belonging to the major groups (i.e. Richemont, Swatch, etc.) have been painted with a broad brush, with many taking their silence as acknowledgement of guilt even though they may still be readily supplying spare parts to independent watchmakers.

Conversely, this is also an opportunity to explain to consumers why they have chosen to take that course of action, if indeed they have, as Rolex attempted to do yesterday. For example, is it a refusal to supply all parts? Or is just parts for timepieces made a certain number of years ago? Are independent watchmakers able to gain some sort of accreditation that will allow them to become part of the brand’s authorized network? What is the overall impact on the consumer? What are the benefits of this decision?

social media
Social Media provides an excellent platform for communicating directly with customers.

Mixed Response
From what I have seen it does not seem like this issue is isolated to just Australia, however the response by brands does seem to vary Continent by Continent. For example in Europe, Rolex UK General Manager David Cutler has said that the luxury watch brand will continue to work with accredited independent watchmakers in the UK, in spite of the company’s decision not to do so in Australia.

Again, there may be legitimate reasons for making these decisions however the lack of communication ensures that these remain unknown. Whether this will impact negatively on the long-term strength of major brands remains to be seen. To be honest I think it is unlikely however that doesn’t necessarily mean that this opportunity to connect with customers on an individual level should be overlooked.

The Final Word
Firstly, to answer my original question, no, I don’t think the Swiss Watch industry has an image problem. Let’s face it, these are arguably some of the strongest brands in the world, and with good reason. As to the situation itself however, whatever your opinion, it will be really interesting to see how this all plays out and indeed if any meaningful change will be achieved as a result of the action taken by the ‘Save The Time’ organization. Again, as an independent observer I cannot comment on the accusations however I can highlight the opportunity that I think exists here, and I do commend Rolex Australia for at least providing some form of clarification.

Please share your thoughts in the comments section below as I would really love to get a discussion going on this highly interesting topic!

Save The Time – The Plight Of Independent Watchmaking In Australia (VIDEO)

| May 15, 2012 | 4 Replies

I came across this interesting video today via Ariel Adams and I thought it was worthwhile sharing, not least because it specifically focuses on the Australian watch market. Essentially it highlights the plight of independent watchmakers and watch repairers in Australia whose businesses have been significantly impacted by the increasingly restricted supply of spare parts from a number of the larger Swiss brands.

Featured in the video is Max Schweizer, a very well-known and highly respected watchmaker with over 30-years experience based in Sydney, Australia. His company Max Schweizer Swiss Watch Repair is a factory authorized service agent for the likes of Patek Philippe and Piaget amongst others, and Schweizer himself is also specialized and factory trained for Rolex, Chopard and IWC repairs and I can only assume it is one or several of the latter that is causing all the concern.

To be honest I am somewhat conflicted by this video. The strategist in me understands the reasoning behind the brands’ decision to bring repairs in-house, after all it makes sense on multiple levels. Not only does it allow them to ensure quality control standards are maintained it also allows them to maintain a closer relationship with the customer over the lifetime of their purchase. And let’s face it, for all the incredibly talented watchmakers/repairers out there like Max Schweizer there are just as many, if not more, who are somewhat less shall we say ‘gifted’ and who may end up doing more harm than good to your precious timepiece.

On the other hand the artisan in me is profoundly moved by this somewhat saddening evolution of the industry, a development which may well be the death knell for what is already a dying art, especially in Australia. Not to mention the fact that it will severely limit the choices available to the consumer, as Max himself points out in the video.

In the end it’s up to you to make your own decision, either way it is a very well executed video and one certainly worth watching. Of course if you would like to do more than just watch, you could visit the official Save The Time website and sign their petition…

Are You An Australian-based Watch Collector?

| May 1, 2012 | Reply

Doettling Colosimo watch safe in leather and spikes
Doettling Colosimo watch safe in leather and spikes

If so, I want to hear from you!

Too often I hear overseas pundits claiming that the Australian market lacks the sophistication required to truly appreciate luxury watches, and even worse, that there aren’t any serious high-end collectors Down Under! Now, I know that’s not the case (heck, I’ve met more than a few of you myself already!) and so I’m on a mission to prove it to our European and North American counter-parts, but I need your help to do it.

So, here’s what I’m proposing. If you fancy yourself a bit of a collector send me an email and tell me all about it. It doesn’t matter if you have two watches or twenty, I’d love to profile you on The Watch Lounge and share your passion with the world. Obviously I will be respectful of any privacy concerns and will only publish information and images that you authorize.

Who knows, it may even cause a couple of industry execs to re-assess why their products aren’t already available in this burgeoning market!

What are you waiting for

So, what are you waiting for? Help me prove to the world once and for all that Australians not only ‘get’ high-end horology but they can also match it with the best of them when it comes to collecting!

Of course you don’t have to be Australian-based or even Australian for that matter; we don’t discriminate here at The Watch Lounge. If you love watches and you love to collect than we want to hear from you too, no matter where you live!

So go on, send me an email now!