Industry News – May 2014
In this edition of the Market Cross Jewellers blog we will be briefly sharing some of the latest news from around the watch and jewellery industry with you.
Under The Hammer
Over the course of the next week, 11-14th May, three of the largest watch auctioneers in the world will be holding watch auctions in Geneva. First up is Antiquorum (11th) followed by Christie’s (12th) and finally Sotherby’s (14th). Now, this is very exciting news to collectors of watches all over the world. These auctions in particular are famed for selling some of the most rare and unique watches ever produces, that you otherwise wouldn’t be able to get your hands on from Limited Edition Rolex’ to original Patek Phillipes. A quick heads up , Christie’s LOT 207, the ultra-rare Rolex CLOISONNÉ ENAMEL DIAL 5029/5028 will be going under the hammer and is expected to sell for around £600,000 GBP. If you could spare this kind of cash then you may be able to make the most of this a once in a lifetime opportunity.
If you are a regular reader of our blogs then you will no doubt know that we are excited about the prospect of the first atomic watch being produced by a horologist named John Patterson PhD. For an investment of around £3,500, roughly less than the price of a second-hand Rolex Submariner, John Patterson will had-craft one of these revolutionary watches for you. The engineering behind the watch may be mind-bendingly complicated but the principle behind it is not so much, by utilizing a genuine internal cesium atomic clock, he will have created the first atomic wristwatch; accurate to 1 sec in 1000 years.
If he receives the right amount of funding, the watches will be completed by around November this year.
Diet TW Steel
Universally known for its oversized cases, and being worn by such high-profile celebs as Jay-Z, TW Steel has decided to launch a ‘Slim Line’ collection. They will announce 10 new models soon and they are designed to sit more comfortably in an office or professional environment. The watches will still have a 45mm diameter case, but have been given a more elegant makeover.
Written by Jonathan Hoole.