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One of the top luxury watch dealers in the world says it sees a softening of sales, signaling even new watch dealers might be facing leaner times. Watches of Switzerland group saw its shares drop ...
By Elisa Anzolin. MILAN (Reuters) - Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and economic uncertainty shrinking the ...
While Sotheby's has the third-most watch sales among auction houses this year, with more than $72 million in sales so far, EveryWatch reported, that's a steep decline from the auction house's $155 ...
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.
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In 1971, the company's annual production reached the historical peak of 220,000 watches. [4] During the quartz crisis of the 1970s, SSIH was forced to reduce its output by half and to sell off part of its assets. In 1975 SSIH transitioned Blancpain from watch brand to movement manufacturer for Omega and quartz pocket watch maker for Moeris.
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