Replica Wholesale News: Swatch Group acquires Harry Winston for $750 million

Additionally, I like the modern look of the movement which, in my opinion, offers a fresh look on a high-end mechanical movement that’s contemporary in addition to approachable. Reading the time is interesting, also, since Harry Winston marries a conventional minute hand using a jumping hour index on a committed subdial in 12o’clock. A disk indicates the hours and “jumps” to the next complete numeral position each time the hour changes. The 1 legibility problem using the watch is the somewhat small red arrow which acts as the minute hand. The entire scale of moment markers as well as the five minute signs is useful, but reading the moments requires a second to locate the red arrow, meaning that it requires more than a mere glance. Possibly a small price to pay for something this intriguing on the wrist?An intriguing region of the dial which suggests that the time is that the more conventional Harry Winston “HW” emblem over the bit of black-colored sapphire crystal. It’s made to be undetectable in some light, and observable in others. I believe this move was deliberate in order to make the dial a bit more visually intriguing, forcing the wearer to move the dial around from the light to be able to appreciate it – really in a similar way that people do when looking at diamonds as they sparkle and glisten from the light.With a complicated design, the Harry Winston Ocean Tourbillon Jumping Hour is really a very straightforward view to live with given the comparatively straight forward complications along with its simplicity of use. Exotic high-end watches in this way may have unique designs but are actually pretty decent when it comes to everyday wear – and for that I’m grateful each time that I discover watches of this type. Attached to the circumstance is a fitted, tapering black alligator strap that completes the look. The three currently available versions of the Harry Winston Ocean Tourbillon Jumping Hour are a part of a limited edition of 75 pieces each. Price in 18k white or rose gold is $217,300 as well as diamonds in 18k white gold the price is $378,400.

The news has just broken that the Swatch Group has agreed to buy the watch and jewellery operations of Harry Winston for US$750 million, and will assume up to US$250 million of debt.  This only covers the watch and jewellery retail business, which includes 535 employees worldwide and the Harry Winston manufacturing facility in Geneva.  The sale does not include the mining division of the Toronto-based Harry Winston Diamond Corp, which will be renamed Dominion Diamond Corp after the sale. Dominion will then become a pure play mining concern and should eliminate some of the conglomerate discount on its shares. This is the first purchase by the Swatch Group in nearly 10 years and Harry Winston fills a hole in the Swatch Group’s portofolio. Now Swatch has a storied, high-end jewellery brand; Richemont has Cartier and Van Cleef & Arpels while LVMH has Bulgari.  Swatch has more experience running a luxury retailer than its former parent, which should help unlock some of the jeweller’s potential. But importantly, how the Swatch Group will continue or maintain Harry Winston’s Opus series and cooperation with independent watchmakers will be interesting. – SJX