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At the end of the 1970s, the Swiss watch industry was affected by the quartz crisis. Japanese watchmakers supplied the world market with large quantities of quartz watches . [ 1 ] Rolex responded by introducing a new line of watches, producing the Datejust Oysterquartz.
Shortly after the 1970 fair the Electroquartz became commercially available to the public in 18-carat gold and Stainless Steel, both with the pupitre case design at a cost of £1150 in 18-carat yellow gold with integral bracelet and £330 in Stainless steel on bracelet, by contrast the Moonwatch on bracelet was £93.50 and the now coveted Omega ...
Quartz movement of the Seiko Astron, 1969. The quartz crisis (Swiss) or quartz revolution (America, Japan and other countries) was the advancement in the watchmaking industry caused by the advent of quartz watches in the 1970s and early 1980s, that largely replaced mechanical watches around the world.
Omega calibre 1611 Chrono-Quartz case back with olympic logo. The Omega Chrono-Quartz is rare amongst modern wristwatches as the calibre 1611 was had a module exclusive to itself; only 15,000 units were made. [5] The production version of the watch was introduced at the 1976 Montreal Olympic Games and at the same time Omega sponsored the event.
Within one week 100 gold watches had been sold, at a retail price of 450,000 yen (US$1,250 (equivalent to $10,386 in 2023)) each (at the time, equivalent to the price of a medium-sized car). [1] Essential elements included a XY-type quartz oscillator of 8192 Hz (8192 = 2 13 ), a hybrid integrated circuit , and a phase locked ultra-small ...
The first prototypes of the ‘1500 family’ quartz watch (which later developed into the Marine Chronometer) were presented at the Basel Fair in 1970 as calibre 1500, developed by Omega and the Battelle Geneva Research Institute. Known as the ‘Elephant’, there are rumored to have been only five examples of this watch made by Omega.
The commercial introduction of the quartz watch in 1969 in the form of the Seiko Astron 35SQ, and in 1970 in the form of the Omega Beta 21 was a revolutionary improvement in watch technology. In place of a balance wheel, which oscillated at perhaps 5 or 6 beats per second, these devices used a quartz-crystal resonator , which vibrated at 8,192 ...
Cortébert was a Swiss premium watch brand, manufacturing their own movements, supplying movements to other brands such as Rolex and introducing a jump-hour movement later adopted by IWC. When the quartz crisis hit the industry in the 1970s, the majority of prestige brands ceased production, including Cortébert.