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Audemars Piguet Royal Oak Selfwinding 15500OR.OO.1220OR.01 Very good Rose gold 41mm Automatic
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Audemars Piguet Royal Oak Selfwinding Rose Gold Black Dial...
C$171,125
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4.92 (155)
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Rolex Day-Date 40 228345rbr New Rose gold 40mm Automatic
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Rolex Day-Date 40 Rose Gold/ Olive Green Roman Dial/ Diamond...
C$106,124
+ C$131 for shipping
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4.91 (114)
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Rolex Daytona 116505 Unworn Rose gold 40mm Automatic
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Rolex Daytona Rose Gold Pink Sundust Baguette Dial 116505...
C$117,393
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4.98 (812)
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Audemars Piguet Royal Oak Perpetual Calendar 26584OR.OO.1220OR.01 Unworn Rose gold 41mm Automatic
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Audemars Piguet Royal Oak Perpetual Calendar
Price on request
+ C$131 for shipping
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3.00 (3)
AU
Rado True R27086152 Unworn Ceramic 38mm Automatic Canada, Trois-Rivieres
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Rado True Square Automatic Open Heart
C$2,100
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4.95 (7)
CA
Audemars Piguet Royal Oak Offshore Chronograph 25940OK.OO.D002CA.01.A Very good Rose gold 42mm Automatic
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Audemars Piguet Royal Oak Offshore Chronograph 2004 Pristine...
C$49,744
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4.98 (421)
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Rolex Submariner Date 126610LN New Steel 41mm Automatic
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Rolex Submariner Date 41mm Stainless Steel Black Dial -...
C$22,949
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4.91 (114)
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Rolex Datejust 41 126300-0014 New Steel 41mm Automatic
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Rolex Datejust 41 Wimbledon Gray Roman Dial - Jubilee Bracelet...
C$16,575
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4.99 (27)
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Rolex Daytona 116509 Very good White gold 40mm Automatic
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Rolex Daytona 18k White Gold Custom Rainbow Bezel MOP Dial
C$57,040
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4.93 (173)
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Rolex GMT-Master II 116710LN Good Steel 40mm Automatic
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Rolex GMT-Master II 116710LN Pre-Owned
C$18,233
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4.98 (812)
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Rolex Datejust 36 16014 Good Steel 36mm Automatic
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Rolex 【Polished】Datejust 36 16014 Steel/WG Automatic Silver Dial
C$4,608
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4.91 (230)
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Tudor Royal 28600 Very good Steel 41mm Automatic
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Tudor 2022 Royal Day Date Blue Dial
C$2,985
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4.97 (14)
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Rolex Day-Date 40 228239 Very good White gold 40mm Automatic
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Rolex Day-Date President 40mm “Olive Green Dial” 18k White...
C$92,852
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4.96 (386)
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Rolex Submariner Date 116610LV Unworn Steel 40mm Automatic
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Rolex 116610LV Submariner Date 40mm UNWORN Stainless Steel...
C$39,299
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4.97 (194)
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Rolex Day-Date 40 228238 New Yellow gold 40mm Automatic
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Rolex Day-Date 40 228238 2021 Silver Roman Stickers
C$62,347
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4.98 (421)
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Patek Philippe Twenty~4 7300/1200A-010 New Steel 36mm Automatic
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Patek Philippe Twenty~4 Automatic Gray Sunburst Dial Ladies Watch
C$37,143
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4.91 (114)
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Rolex Milgauss 116400 Unworn Steel 40mm Automatic
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Rolex Milgauss Rainbow MK2 - Limited Edition /5 Dlc - Pvd
C$25,497
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4.82 (128)
IT
Rolex GMT-Master II 126711CHNR Unworn Gold/Steel 40mm Automatic
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Rolex GMT-Master II Rootbeer Mint 2022 Box & Card
C$33,030
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4.93 (173)
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Rolex Daytona 116505 Good Rose gold 40mm Automatic
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Rolex Daytona Rose Gold Chocolate Arabic Dial 116505 Pre-Owned...
C$72,622
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4.98 (812)
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Rolex Datejust 36 16014 Very good Steel 36mm Automatic
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Rolex 【Linen Dial,Polished】Datejust 36 16014 Steel/WG Automati...
C$5,392
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4.91 (230)
JP
Richard Mille RM 005 RM005 New Rose gold 38mm Automatic
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Richard Mille RM005 Fresh 2022 Service NEW Full Set
C$218,881
+ C$332 for shipping
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4.83 (185)
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Rolex Daytona 116500LN Unworn Steel 40mm Automatic
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Rolex 2021 Daytona 116500 “Panda Dial” Unworn Stainless Steel...
C$62,282
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4.96 (386)
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Rolex Datejust 41 126334 Unworn Steel 41mm Automatic
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Rolex 2022 Datejust 41mm 126334 Fluted Bezel Rhodium Index...
C$19,666
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4.97 (194)
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Rolex Submariner Date 126613LN New Gold/Steel 41mm Automatic
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Rolex Submariner Date 126613LN 2021 Partial Stickers
C$30,509
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4.98 (421)
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Rolex Datejust 41 126334 New Steel 41mm Automatic
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Rolex Datejust 41/ Stainless Steel & White Gold/ White Index...
C$19,235
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4.91 (114)
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Patek Philippe Aquanaut 5167A-001 New Steel 40mm Automatic
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Patek Philippe Aquanaut - NEW 2022 - AVAILABLE NOW
C$102,808
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4.98 (20)
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Rolex Sky-Dweller 326934 New Steel 42mm Automatic
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Rolex Sky-Dweller Stainless Steel 42mm NEW 2022 Box & Card
C$31,836
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4.93 (173)
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Rolex Sea-Dweller Deepsea 126660-0002 Very good Steel 44mm Automatic
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Rolex Sea-Dweller Deepsea 126660 Pre-Owned 2018 Full Kit
C$18,631
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Professional dealer
4.98 (812)
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Omega Seamaster 300 233.30.41.21.01.001 Good Steel 41mm Automatic
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Omega 【Polished】Seamaster 300 Master Co-axial Automatic Black...
C$4,314
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4.91 (230)
JP
Baume & Mercier Capeland M0A10281 Very good Steel 44mm Automatic Canada, KLEINBURG
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Baume & Mercier Capeland Shelby Cobra
C$4,246
Excl. shipping
Private Seller
CA

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Rolex Day-Date 36 128348RBR Unworn Yellow gold 36mm Automatic
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Rolex Day-Date 18k Yellow Gold “Turquoise Diamond Dial &...
C$132,649
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4.96 (386)
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Rolex Datejust 41 126333 Unworn Gold/Steel 41mm Automatic
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Rolex 2022 Datejust 41m 126333 Fluted Bezel Jubilee Band...
C$25,636
+ C$105 for shipping
Professional dealer
4.97 (194)
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Rolex Submariner Date 116610LV New Steel 40mm Automatic
Rolex Submariner "Hulk" FULL STICKERS NEW CARD 116610LV
C$74,286
+ C$131 for shipping
Professional dealer
4.98 (421)
US
Rolex Datejust 36 126283RBR New Gold/Steel 36mm Automatic
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Rolex Datejust 36 Silver Diamond Set Dial Jubilee Bracelet...
C$37,143
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4.91 (114)
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Omega Seamaster Planet Ocean Chronograph 215.33.46.51.03.001 Good Steel 45.5mm Automatic
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Omega Seamaster Planet Ocean 600M Co-Axial Master Chronograph...
C$8,356
+ C$131 for shipping
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4.90 (277)
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Rolex Daytona 116503 Very good Gold/Steel 40mm Automatic
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Rolex Daytona Steel & 18k Gold Black Diamond Dial 2020 Box & Card
C$43,112
+ C$131 for shipping
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4.93 (173)
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Rolex Daytona 116508 Very good Yellow gold 40mm Automatic
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Rolex Daytona Yellow Gold Green Dial 116508 Pre-Owned Full Kit...
C$109,766
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4.98 (812)
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Girard Perregaux Laureato 81020-11-431-11A Very good Steel 42mm Automatic
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Girard Perregaux 【2022, Fullset】Laureato Chronograph Blue Dial...
C$19,119
+ C$59 for shipping
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4.91 (230)
JP
Omega Constellation 168.010/11 Very good Red gold 35mm Automatic
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Omega Constellation Pie Pan Chronometer 18K Rotgold Pinkgold...
C$5,518
+ C$415 for shipping
Professional dealer
4.90 (538)
DE
Rolex Yacht-Master 40 126655-0002 Unworn Rose gold 40mm Automatic
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Rolex Yacht-Master 40mm “Black Dial” 18K Rose Gold 2022...
C$64,994
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4.96 (386)
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Rolex Daytona 116500LN Unworn Steel 40mm Automatic
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Rolex 2022 Daytona 116500LN Stainless Steel Cosmograph 40mm...
C$55,748
+ C$105 for shipping
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4.97 (194)
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Rolex Daytona 116519LN Very good White gold 40mm Automatic
Rolex Daytona OysterFlex 2021 "Panda"
C$65,663
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4.98 (421)
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Audemars Piguet Royal Oak Jumbo 15202OR.OO.1240OR.01 Very good Rose gold 39mm Automatic
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Audemars Piguet ROYAL OAK “JUMBO” EXTRA-THIN -preowned
C$252,045
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4.91 (114)
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Patek Philippe Nautilus 5711/1A-010 Very good Steel 40mm Automatic
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Patek Philippe : Nautilus : 5711/1A-010 : Stainless Steel
C$185,585
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4.93 (596)
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Rolex Sky-Dweller 326935 New Rose gold 42mm Automatic
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Rolex Sky-Dweller 18K Rose Gold Unworn 2022 Box & Card
C$84,898
+ C$131 for shipping
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4.93 (173)
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Rolex Day-Date 40 228238 Good Yellow gold 40mm Automatic
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Rolex Day-Date 40mm Champagne Roman Dial Yellow Gold Bracelet...
C$63,668
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4.98 (812)
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Franck Muller Vanguard V45TGRCSYACH5NBL New Rose gold 44mm Manual winding
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Franck Muller Vanguard Yachting Skeleton Tourbillon Rose Gold...
C$116,652
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4.96 (61)
HK
Rolex GMT-Master II 116710 Unworn Steel 40mm Automatic
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Rolex GMT-Master II Limited Edition /35 Dlc - Pvd
C$29,770
+ C$539 for shipping
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4.82 (128)
IT
Rolex Explorer II 16570 Very good Steel 40mm Automatic
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Rolex Explorer II “White Polar Dial” 3186 Movement 16570 Box &...
C$14,585
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4.96 (386)
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Rolex Datejust 31 278274 Unworn Steel 31mm Automatic
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Rolex 2022 Datejust 31mm 278274 Steel and White Gold Fluted...
C$14,493
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4.97 (194)
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Rolex Submariner Date 126613lb New Gold/Steel 41mm Automatic
Rolex Submariner Date 41mm 126613LB 2021
C$30,509
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4.98 (421)
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Rolex Sky-Dweller 326933 New Gold/Steel 42mm Automatic
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Rolex Sky-Dweller Two-Tone Yellow Gold Black Index Dial
C$33,827
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4.91 (114)
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Omega 329.30.43.51.02.001 Unworn Steel 43mm Manual winding
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Omega Chronoscope Co-Axial Master Chronometer Chronograph 43mm...
C$8,754
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4.90 (277)
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Rolex Day-Date 40 228238 Very good Yellow gold 40mm Automatic
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Rolex Day-Date 40mm Champagne Dial MINT 2020 Box & Card
C$62,347
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4.93 (173)
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Rolex Yacht-Master II 116681 Unworn Gold/Steel 44mm Automatic
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Rolex Yacht-Master II 44mm Two Tone 116681 Unworn 2021
C$34,815
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4.98 (812)
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Rolex Lady-Datejust 279171 New Gold/Steel 28mm Automatic
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Rolex Lady-Datejust 28 Everose Gold MOP Diamond Jubilee (New...
C$24,514
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4.96 (61)
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Rolex Day-Date 40 228238 New Yellow gold 40mm Automatic
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Rolex 2022 Day Date 40 Champagne Index Box/Papers/Card 40mm...
C$65,000
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Rolex Oyster Perpetual 41 124300 Very good Steel 41mm Automatic
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Rolex 2021 Oyster Perpetual 41mm “Blue Dial” 124300 Stainless...
C$13,067
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4.96 (386)
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Rolex Oyster Perpetual 41 124300 Unworn Steel 41mm Automatic
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Rolex Oyster Perpetual 41 124300 Green Dial Stainless Steel 41mm
C$19,799
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4.97 (194)
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Rolex Datejust 41 126300 New Steel 41mm Automatic
Rolex Datejust 41mm 126300 Blue Stick Dial 2021 Jubilee
C$15,905
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Patek Philippe Twenty~4 7300/1200A-001 New Steel 36mm Automatic
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Patek Philippe Twenty~4 Automatic Round Ladies Watch 36mm ...
C$37,143
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4.91 (114)
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Mido Multifort Chronograph M005.614.37.051.01 New Steel 44mm Automatic Canada, Calgary
Mido Multifort Chronograph
C$2,100
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4.96 (75)
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Rolex Day-Date 40 228239 Very good White gold 40mm Automatic
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Rolex Day-Date 40mm Green Dial MINT 2020 Box & Card
C$79,592
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Rolex GMT-Master II 126711CHNR Good Gold/Steel 40mm Automatic
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Rolex GMT Master II "Rootbeer" 126711CHNR Mint 2019
C$29,509
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Swiss Watches: World-Renowned Timepieces

Swiss watches are synonymous with precision and luxury. The most well-known names in the business, with few exceptions, all hail from this Alpine country. Rolex, Omega, IWC, and Breitling all represent tradition and high quality.


Everything to Know About Swiss Watches in This Article

  • Buying advice for Swiss-made watches
  • Watches in different price ranges
  • Manufacturers, collections, and models
  • History of the Swiss watch industry

Which Swiss Watch Should I Buy?

If you want to buy a Swiss watch, you have a wide range of options. The right way to find out which watch is best for you is to ask yourself the following question: How much do I want to spend?

A new, brand-name Swiss watch with a mechanical movement can cost as little as 1,000 euros. You can find watches from manufacturers such as Chronoswiss, Maurice Lacroix, Oris, and Raymond Weil in this price range. Some series from these manufacturers are more expensive, however. For example, Raymond Weil's Nabucco chronograph costs around 3,000 euros new with a titanium case. TAG Heuer and Tissot also have a large selection of watches available for less than 5,000 euros.

Rolex and Omega are probably the most well-known representatives of Swiss luxury watches. The legendary Omega Speedmaster Professional is available in many different variations for less than 5,000 euros. The version closest to the original Moonwatch chronograph, which you can find under reference number 311.30.42.30.01.005, costs around 3,500 euros and has a stainless steel case. The material certainly influences the price, as cases made of precious metals are much more expensive than those made of stainless steel.

An Omega diving watch from the Seamaster collection with a gold case costs around 15,000 euros. The Rolex Submariner without a date display and a stainless steel case costs around 6,500 euros new. You should be prepared to spend at least 23,000 euros for a yellow gold Submariner, and 25,000 euros for a Rolex Daytona.

Patek Philippe's Nautilus is one of the most sought-after and expensive stainless steel sports watches from Switzerland. Without any complications, the women's version costs 20,000 euros, and the men's 25,000 euros. With a white gold or platinum case, the price jumps to 140,000 euros. The Calatrava, also from Patek Philippe, is the definition of a classic, elegant dress watch. New, the most popular version costs around 15,000 euros.

If you decide to go with a watch from Breguet or Blancpain, expect prices over 100,000 euros. Cases made of precious metals, diamond-set cases and straps, and intricate complications such a tourbillon increase the value of such watches. The newcomer Hublot also has some watches in this price range. The futuristic MP-05 LaFerrari watch usually costs 200,000 euros. The version with a sapphire glass case is over double the price, costing more than 400,000 euros.


Watches: Iconic Exports

Watches are a defining part of Switzerland's cultural image. They're more iconic than the banks and the cheese; only chocolate ranked "more Swiss" than watches according to a survey of participants from 15 different countries.

About 30 million watches leave the production halls of this little Alpine country every year. The variety amongst these watches is impressive. They range from traditional gold watches with complications such as a:

  • Moon phase display
  • Perpetual calendar
  • Minute repeater
  • Double chronograph

to diving and pilot's watches. Some of the Swiss companies even produce high-tech smartwatches. Many of these watches function as status symbols, ignoring their actual intended functions. Many diving watches from the Seamaster and Submariner collections will never go underwater, and only a small number of the pilot's watches sold by IWC or Breitling are actually worn in the cockpit. These watches work equally well as a tool watch or a luxury lifestyle object.

There are also mass market affordable watches, such as the famous quartz-powered Swatch with its bright and colorful plastic case. There are now mechanical versions with a simple 51-piece movement. The typical Swatch looks somewhat cheap and is not taken seriously by many watch fans, but certain models have sold at high prices as vintage watches. Furthermore, the Swatch is significantly responsible for helping the Swiss watch industry survive the Quartz Crisis of the 1970s and 80s. The Swatch watch, trendy and colorful, broke Swiss watches out of their conservative, stuffy image and attracted a new target audience. Above all, young people were attracted to this bright and simple watch.

However, luxury watches are what people think of when they think of Swiss watches. Switzerland leads the world in watch exports if you don't rank by number of timepieces. While only about 2% of watches sold worldwide come from Switzerland, they are worth 60% of the total value.

Many well-known brands with long watchmaking traditions belong to the Swatch Group (market share: 18%) or to luxury goods concerns like Richemont (market share: 16%) or Moët Hennessy Louis Vuitton (LVMH, market share: 5%). Rolex is the largest independent Swiss luxury watch manufacturer (market share: 12%). Their independent status greatly contributes to their outstanding reputation.


Overview of the Most Important Swiss Luxury Watch Manufacturers

Manufacturer Founding year Location of headquarters Parent group
Audemars Piguet 1875 Le Brassus Independent
Blancpain 1735 Le Brassus Swatch Group
Breguet 1775 L'Abbaye Swatch Group
Breitling 1884 Grenchen Independent
Chopard 1860 Geneva Independent
Hublot 1980 Nyon LVMH
IWC 1868 Schaffhausen Richemont
Jaeger-LeCoultre 1833 Le Sentier Richemont
Longines 1832 Saint-Imier Swatch Group
Omega 1848 Biel/Bienne Swatch Group
Patek Philippe 1851 Geneva Independent
Rolex 1905 Geneva Independent
TAG Heuer 1860 La Chaux-de-Fonds LVMH
Vacheron Constantin 1755 Plan-les-Ouates Richemont
Zenith 1865 Le Locle LVMH

Rolex

Rolex is number one amongst the large manufacturers. The Geneva-based manufacturer has been in business since 1905. Rolex produces some of the most famous and beloved watch models in the world, such as the Submariner, Daytona, and Datejust.

The Submariner is the definition of a diving watch, the Daytona is one of the most famous chronographs, and the Datejust embodies elegance. Rolex's pilot's watch is the Air King, and their GMT Master II displays a second time zone. With the invention of the perpetual rotor, Rolex significantly contributed to the breakthrough of the automatic watch in the 1930s. Every year, the manufacturer sells around 800,000 watches featuring their iconic five-point crown. Rolex doesn't publish any official sales numbers. However, since Rolex has their watches certified by the Official Swiss Chronometer Testing Institute (COSC), we can calculate how many Rolex watches are produced based on the COSC's publications.


Omega

The most famous man to wear a Rolex is undoubtedly James Bond. He completes many of his missions with a Submariner on his wrist. However, the British secret agent switched to Omega, a member of the Swatch Group, in 1995. Omega plays a central role in the Swatch Group's company strategy, as they see the brand as a strong competitor for Rolex. Rolex isn't the only manufacturer with legendary watch models; Omega has their own to be proud of. The Seamaster is a diving watch collection that's been in production since 1948. The famous French oceanographer Jacques Cousteau wore a Seamaster. Another iconic Omega watch is the Speedmaster Professional. "Speedy," as it's nicknamed by fans, was the official NASA watch on the Apollo missions, making it the first watch on the Moon in 1969. The so-called Moonwatch is available today, almost unchanged from the original version, but now features a modern Co-Axial caliber and comes in many special limited editions. There's also the De Ville series, which showcases Omega's classic side.


International Watch Company (IWC)

IWC, based in Schaffhausen, also offers elegant Swiss watches, such as the Portugieser. They're even more famous for their pilot's watches, though; their Big Pilot watch and the Mark series are considered excellent pilot's watches. The Mark 11 was the official service watch of Royal Air Force pilots for decades.


Breitling

Breitling is a strong competitor for IWC in the realm of pilot's watches. Breitling's Navitimer is considered one of the most important pilot's watches. The watch, which was introduced in 1952, has a special slide rule function. It has two logarithmic scales on the dial which you can turn to perform various calculations, such as distance and fuel consumption. Breitling also offers powerful diving watches with their Superocean series and some versions of the Avenger. Rolex, Omega, IWC, and Breitling are all considered to be on the same level, thus Breitling also has a conservative, elegant line as well, the Transocean. Besides mechanical timepieces, Breitling also offers quartz watches with refined technology, such as the Emergency with an integrated distress beacon.


Patek Philippe

One rung higher on the luxury watch ladder is Patek Philippe. It's clear from the start that this manufacturer is a bit different: Most of their cases are made of solid gold. In the Swiss watch industry, steel cases are used around 50% of the time. Precious metals like gold and platinum are only used around 2% of the time. Patek's Calatrava collection is a symbol of the company and the epitome of a stylish dress watch. This watch collection debuted in 1932 and was inspired by the Bauhaus art movement. Patek Philippe's Nautilus also has a special position in their portfolio. It's a stainless steel sports watch waterproof to 120 m (12 bar) – all unusual qualities for a Patek watch. The company has a long history of watchmaking. The independent family business has existed under this name since 1851. Until 2009, Patek Philippe used the Geneva Seal as a symbol of high Swiss quality. Now, the company uses their own seal with even stricter standards.


Blancpain, Breguet, Jaeger-LeCoultre

Blancpain and Breguet have been in business even longer. Today, they're both members of the Swatch Group. Abraham-Louis Breguet founded his company in 1775. He's responsible for countless important watchmaking inventions, such as the tourbillon. Blancpain has been around since 1735. Their most famous series is the Fifty Fathoms diving watch. Brands such as Patek Philippe, Breguet, and Blancpain, are representative of the conservative values of the Swiss watch industry. This applies to Jaeger-LeCoultre as well. This manufacturer has been producing high-quality watches since 1833. Their Reverso is one of the most popular rectangular watches.


Hublot

Hublot takes an entirely different approach. This relatively new manufacturer plays the role of the rebel most excellently. One distinctive Hublot feature is their unusual, square-edged porthole design, which occasionally borders on the bizarre. Legibility isn't Hublot's main concern. Instead, they show a preference for the use of unusual materials such as ceramic or titanium. With their patented Magic Gold alloy, Hublot broke new ground. Magic Gold is an incredibly scratch-resistant alloy composed of gold and ceramic. Magic Gold comes quite close to the ideal, everlasting case material. Hublot was founded in 1980. In 2005, under new leadership, they introduced the Big Bang series. The Big Bang caused a sharp increase in sales, catapulting this Genevan manufacturer into the same league as other well-known Swiss brands. The somewhat calmer Hublot alternative to the Big Bang is the Classic Fusion.


Audemars Piguet

Hublot is not without precedent. Audemars Piguet's Royal Oak, introduced in 1972, as well as their Royal Oak Offshore, inspired Hublot's designs. The wide bezel with visible screws was directly influenced by the Royal Oak.


TAG Heuer

When it comes to TAG Heuer, it's all about timing. They patented their first stopwatch mechanism in 1882. TAG Heuer has dedicated themselves to the art of racing ever since – it's not a coincidence that their most well-known series is called the Carrera. Even the rectangularMonaco is a legend amongst racing watches. The actor Steve McQueen wore a Monaco in the film Le Mans.


Tissot

Watches from TAG Heuer are in a moderate price range. This applies to Tissot as well. Aside from classic mechanical watches, Tissot offers modern quartz watches as well. The T-Touch Expert Solar is solar powered. It's a multi-function watch with background lighting, a second time zone display, chronograph function, timer, alarm, compass, barometer function, and many other extras. The watch has a titanium case and is waterproof to 100 m (10 bar). The T-Touch Expert Solar has features that only an electric-powered watch can offer. Such an array of functions is impossible for a mechanical watch, especially one that costs less than 1,000 euros.

Other manufacturers also combine Swiss quality with moderate prices, such as Longines, Raymond Weil, or Maurice Lacroix. These companies often use calibers from the world's largest ébauche manufacturer, ETA SA Manufacture Horlogère Suisse, which is also based in Switzerland. The Swiss company Sellita also offers movements that can be found in the watches of many famous manufacturers. Only a few brands produce their own calibers, such as Rolex and Patek Philippe. !Zenith has some of the most important automatic chronograph movements in watch history. The fast-paced El Primero caused a stir when it was released in 1969; it even had a watch named after it.


Top 10 Swiss Luxury Watch Manufacturers According to Production Numbers

Manufacturer Number of watches produced per year
Rolex 800,000
Omega 700,000
Breitling 170,000
IWC 100,000
Chopard 80,000
Jaeger-LeCoultre 75,000
Patek Philippe 60,000
Hublot 40,000
Audemars Piguet 37,000
Zenith 35,000

Post-Quartz Crisis Revival

The Swiss watch industry began in the 18th century. Up until the second half of the 19th century, Switzerland was considered a place where it was easy to produce watches affordably. IWC, with roots in the United States, based their business model on this concept.

After many successful years, the industry suffered in the 1970s and 80s during the Quartz Crisis. Cheap, mass-produced quartz watches produced in Asia endangered traditional Swiss production. Some manufacturers disappeared forever and many workers lost their jobs. Yet surprisingly, Swiss watches later experienced a renaissance which has lasted to this day. The fascination with the technical genius that goes into mechanical watches enthralls watch lovers all over the world. Many manufacturers with longer histories are no longer independent, however. Merging with a large concern, such as the Swatch Group, Richemont, or LVMH, saved many of these manufacturers from going under.

Unexpected competition has popped up since then. The German town of Glashütte was trapped behind the Iron Curtain in East Germany until 1990. Watches have been produced in Glashütte since the mid-19th century, but they were far from being luxury watches when Germany was divided. Now, other manufacturers such as A. Lange & Söhne and Glashütte Original have established themselves in Glashütte, making Glashütte watches true competition for Swiss manufacturers.