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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.
In the late 1970s, Paul Vogel who inherited the company from his father came back to Europe and decided to sell the Solvil et Titus brand. The European activities became part of Swiss Ebel while the Asian activities and all the watch brands themselves were sold to Hong Kong entrepreneur Joseph Wong and are now part of Stelux Holdings.
Though the movement was the predominantly-produced watch movement in China until sometime in the 1980s, its manufacture was not immune to the quartz crisis of the watch industry that occurred during that decade; changes in economic policy, replacement designs, factory closings, and the re-purposing of a number of Chinese watch-producing ...
In 1972, Hong Kong replaced Japan as the largest exporter of toys. [20] Swiss watch companies also moved some of their factories to Hong Kong. [16] In addition, the quality of products improved. The large number of cheap products were replaced by a smaller number of higher quality and value-added products.
Rotary Watches: 1895 La Chaux-de-Fonds: Moise Dreyfuss Elm Yard, 13-16 Elm Street, United Kingdom Privately held company: Dreyfuss Group Ltd. Sandoz (watch company) Tavannes: Henri Sandoz Schwarz Etienne: 1902 Paul Arthur Schwarz and Olga Etienne La Chaux-de-Fonds: Privately held company: Solvil et Titus: 1892 Paul Ditisheim: Hong Kong, Hong Kong
Under both trademarks, the horologists created various pocket and trench watches for both sides during World War I. [3] By 1925, the duo created the brand's first patented self-winding timepiece called the Auto Rem, [2] an octagon-shaped men's wristwatch with lozenge-styled hands and a 15-jewel movement.
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