Swatch Group Required to Slow Supply Cuts - Watch Freeks

Like Tree3Likes
  • 2 Post By Spaceview
  • 1 Post By TVDinner
LinkBack Thread Tools
Old 07-22-2013, 01:12 PM   #1 (permalink)
Spaceview's Avatar
Join Date: Nov 2009
Location: New Jersey / Arizona
My Photos: View
Posts: 24,243
Default Swatch Group Required to Slow Supply Cuts

Weko, the Swiss competition authority, gives smaller watchmakers a reprieve.

Fearing that they might go out of business without a reliable source for critical movement parts, these watchmakers appealed to Weko, the Swiss competition authority, for help. In a recent ruling, Weko agreed that Swatch Group should be allowed to continue itís gradual reduction in the delivery of finished movements, beginning with another 10 percent reduction in finished movement deliveries in 2014. Weko decided however to restrict further cuts in the deliveries of assortments, the parts that drive the movement: such as the hairspring, balance wheel, anchor and anchor wheel. A Weko spokesman said the commissionís decision was based on the fact that many smaller watchmakers still did not have viable sourcing alternatives for these vital components and might go out of business without them.
jeep99dad and mikesr like this.
In Rotation: Accutron Spaceview T Case (1970), Tudor Pelagos 25500TN, Glycine Airman 17 Ref:3917.2, Glycine Airman 08 Chrono 7754, Omega Planet Ocean XL, Raymond Weil Nabucco GMT, Citizen Skyhawk JY0000-53E, Breitling Super Avenger A13370, Boschett Cave Dweller WF LE, Lum-Tec M53 Bronze, Uniq GAF44, Maranez Bangla Ti Cali Dial, Bathy's 100 Fathom, Maranez Bangla Ti LE, Ball Engineer Master II Aviator NM1080C-L3-BK, Orient Pro Saturation Diver EL02003W, REC M5 Mark I, Casio Tough Solar, SWAE Veteran, Panzera BREUER B44-01D (Celtic), Hamilton Sunset H62555153, Prometheus Poseidon, Luxmento Naylamp 300m Automatic Blue, Seiko Recraft, Vostok Europe Ekranoplan, Marina Militare, Hamilton Pan Europ Chrono

Smartwatches: Samsung Gear 2, Ticwatch 2
Spaceview is offline   Reply With Quote Quick reply to this message
Sponsored Links
Old 07-22-2013, 06:01 PM   #2 (permalink)
Senior Member
TVDinner's Avatar
Join Date: Aug 2009
Location: Raleigh, , USA
My Photos: View
Posts: 25,095

Very interesting. The entire system sounds somewhat crooked to me. It sounds like they're making and then taking away and then bringing back whatever they want to keep prices high and their control on the industry. **** communists.
mikesr likes this.
Current Collection: a Breitling | an Omega | a Tag Heuer | a Seiko | and a G Shock
TVDinner is offline   Reply With Quote Quick reply to this message
Old 07-22-2013, 07:39 PM   #3 (permalink)
Senior Member
omi's Avatar
Join Date: Feb 2012
Location: Clearwater, FL
My Photos: View
Posts: 1,356

IMO, it makes the Miyota 9015 that much more attractive as a movement option.
Current rotation
Breitling Old Navitimer II ~ Breitling Superocean Steelfish ~ Omega Seamaster Bond ~ Seiko E6B slider ~ Boschett Harpoon ~ Boschett WFCDLE#3 ~ Seiko Solar Chrono
omi is offline   Reply With Quote Quick reply to this message
Sponsored Links
Old 07-22-2013, 07:45 PM   #4 (permalink)
Senior Member
Kirkyringo's Avatar
Join Date: Sep 2012
Location: Dubai, , United Arab Emirates
My Photos: View
Posts: 2,258

I think this goes hand-in-hand with the recent trade agreement between Switzerland and China. I think you are going to see major hikes in prices and false exclusivity of the Swiss Brand in the future. I think there is going to be a lot of unhappy watch collectors.

Switzerland Ė China Free-Trade Agreement Will Greatly Disrupt Swiss Watch Sales Globally

Several days ago something of great importance to the global luxury watch industry happened in Beijing. On July 6th, 2013 Switzerland and China signed a bilateral free-trade agreement. A historic move, it is the first agreement of its type between China and a European country, and the deal was motivated on the Swiss side by the interests of the watch industry. While potentially good for the Swiss watch industry, the move will likely have devastating effects on the global watch retail market over the next few years.

Mony a mickle maks a muckle!

Alba gu br√th
Kirkyringo is offline   Reply With Quote Quick reply to this message
Old 07-22-2013, 08:06 PM   #5 (permalink)
Senior Member
Join Date: Jul 2012
Location: Wendell, NC, USA
My Photos: View
Posts: 4,294

Switzerland + China free trade = NO TRADE
mikesr is offline   Reply With Quote Quick reply to this message
Old 07-22-2013, 10:15 PM   #6 (permalink)
Senior Member
tomsimac's Avatar
Join Date: Sep 2011
My Photos: View
Posts: 1,758
Default Exactlmundo

Originally Posted by omi View Post
IMO, it makes the Miyota 9015 that much more attractive as a movement option.
Wise. Yes it will
Sounds more like the medical drama being played
Out in US

Not being too smart ignoring th beast that will roar
In coming years. Most people care less about the movements now
I see a lot of homage watches that border on insanity. High quality, low prices.
What are they thinking?
Yorba Linda Ca.
tomsimac is offline   Reply With Quote Quick reply to this message

Forum Navigation

Quick Reply

Register Now

In order to be able to post messages on the Watch Freeks forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:


Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Swatch Group terminates partnership with Tiffany & Co Spaceview General Watch Discussions: 0 09-12-2011 06:58 AM
Swatch Group and Liquidmetal Technologies - News from Swatch TVDinner General Watch Discussions: 7 03-15-2011 01:43 PM
Will the Swatch Group stay on the same path? Watchride General Watch Discussions: 9 07-19-2010 10:18 AM
The Power and Depth of the Swatch Group . . . CurrentTime Luxury Brands: 12 03-31-2010 10:48 PM
Quick update on the Swatch ebauche supply story ... speedmaster General Watch Discussions: 8 02-22-2010 09:58 PM

All times are GMT -4. The time now is 01:24 PM.

Powered by vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.1
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.