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| Joined: | Wed Jan 17th, 2007 |
| Location: | Colchester, Connecticut USA |
| Posts: | 37 |
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From what I know is that Poljot has
ceased to exist when Volmax tried to cash-in
on the success and subsequently abused the name
Poljot for their movements,though they had nothing
to do with the original company.
In 2003, a rumors started flowing when
the First Moscow Watch Factory was to cease production,
of their own model of watches. Only to become a supplier of inexpensive movements to other European brands.
Enter Sergei Pugachev:
Sergei Pugachev,the businessman and a politician
within Vladimir Putin's Inner Circle,with strong
financial and business influence on the Russian
Orthdox Church. Wound up buying Poljot.
From 1992-2002 Sergei Pugachev,was
the chairman of the board of Directors for
the International Industrial Bank.
Recently he faced a major financial setback
when his investment company OPK lost the rights
on a major construction project in Red Square,on
March 31,2009.
Counterfeit Poljot:
According to aficionados and collectors of Poljots, both
the Golden Poljot and the Poljot Elite are considered fakes.
Please forgive my corrections... But I've got to differ with the "subsequently abused the name Poljot" attributed to Volmax... can you share what source this is coming from? Volmax was actually distributor of Poljot in Russia throughout much of the '90s. Volmax played no role in the demise of Poljot in terms of causing it.
If anything, as they were collapsing and quality suffered, Poljot created issues for Volmax. That is why Volmax moved to the brands Aviator, Sturmanskie and Buran and stopped using Poljot as a brand for any of their own builds.
detailed article here: http://www.russia2all.com/images/shop/filebrowser/File/Russian%20Watches%20IW%20General%20Overview%202006-1.pdf
Poljot just never made the transition to the Western marketplace and collapsed under the weight of being a mass-producer. It's the smaller volume, higher quality manufacturers in Russian that have survived and now thrive.
Poljot no longer exists in any form. MakTime, Vostok and Volmax now all make the movements Poljot once did, with MakTime being the producer of the chronograph movments.
thanks...
Last edited on Sun Aug 30th, 2009 03:58 pm by VEV 1138