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| Swatch group announcement | Rate Topic |
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| Posted: Sat Dec 19th, 2009 07:12 am |
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1st Post |
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Graham 3T WIS 
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See the following announcement made yesterday by the Swatch group: http://www.guardian.co.uk/business/feedarticle/8863184 This seems to go a lot further than the initial statement that they were going to stop sales of ebauches to third party companies. Does this mean small manufacturers are limited to Sellita and Miyota movements in future?:?
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| Posted: Sat Dec 19th, 2009 07:18 am |
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2nd Post |
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bigrustypig 3T WIS 
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Thanks for the post, Graham. I think this was something that the Swatch Group planned for 1999/2000 but got stuck in some legislative protest. I think Miyota will now be on more and more wrists, going forward. ;)
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| Posted: Sat Dec 19th, 2009 09:42 am |
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3rd Post |
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Nabco 3T WIS 
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So is there a difference between selling parts, "Swatch Group plans to stop selling watch parts to other watchmakers" versus complete movements...it really does not say they will stop selling complete movements
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| Posted: Sat Dec 19th, 2009 09:56 am |
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4th Post |
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apeogre 3T WIS 
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Nabco, I don't think there's a difference between parts and whole movements. It seems to me that they are referring to any sort of parts, whole movements or just parts. "We no longer intend to produce or deliver to third-party watchmakers," Thanks for the post Graham.
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| Posted: Sat Dec 19th, 2009 09:59 am |
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5th Post |
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teddyhanna Guest
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It really makes you wonder. It seem like 3/4 of the way thru 2008 and all 2009 the small guy got eta engines and it did dry up in 08.
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| Posted: Sat Dec 19th, 2009 10:27 am |
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6th Post |
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oagaspar Site Founder 
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Swatch Group has planned this to begin in 2010 for some time involving their base plates which is essential to any watchmaker who has been using them as the basis of their movements but it doesn't mean they aren't selling complete movements or parts to principle owners/watchmakers....1st look up 3rd party so you know what it means and then look at Swatch and what they are really trying to do which is keep the high integrity of their ETA movement line intact which has been tarnished by those who were buying Ebauches and parts and building the Asian etas that have flooded the marketplace and are maninly used by 3rd party watchmakers like the so called eta 2836-2 modified GMT. I have already been reading on other forums with some WIS trying to twist this press release to their limited knowledge and make statememnts that are just not true....1st of all Sellita can not make enough movements to fill any gap as proven over the past 2 years...this year they pretty much vanished due to not being able to get needed parts within the Swiss confines and there is plenty discussion about Sellita here on 3T...they are already advertising 95% Swiss Made and Miyota is faced with worker turmoil where they did not have presence of mind to train young men and women in the art of movement making and the entire workforce is much older and ready to retire... now the younger generation in Asia will not work for what their ancestors would and workers are at a demand by Miyota just like Swatch faced over the past few years. Swatch Group is a well run machine and Nicolas Hayek is known as the saviour of Swiss Watchmaking ...he will not jeapordize the entire industry of Swiss watchmaking which he saved nor his reputation.You must also read closely as Hayek has only said this to a paper and has not brought it up to the Swiss Federation...whom may vote no as they did when Hayek asked to keep eta within the Swatch Group.So we are looking at nothing but words reported by a newspaper right now and bottom line is we will benefit from ETA not selling parts to 3rd party watchmakers which will still be able to buy complete movements from what I understand as we will be assured our watches using eta movements will be 100% Swiss ETA and not Swiss Cheese!... like Jeff said above these discussions surrounding ETA began around 1999-2000 so here we are 9/10 years later and notta....the gears of time move slowly.;)
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| Posted: Sat Dec 19th, 2009 10:46 am |
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7th Post |
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Todd Caldwell 3T WIS 
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I spoke to them myself ( via email ), and asked for clarification, as there is many misleading reports. They assured me, that complete movements, will not be affected.
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| Posted: Sat Dec 19th, 2009 11:01 am |
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8th Post |
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Nabco 3T WIS
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Todd Caldwell wrote: I spoke to them myself ( via email ), and asked for clarification, as there is many misleading reports. That's what I got out of the article too....Kazim is selling 2824 movements, if he thought he couldn't get anymore why would he sell what he has.... Would be interesting to get comments from some of our manufactures on availability.... Last edited on Sat Dec 19th, 2009 11:06 am by Nabco |
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| Posted: Sat Dec 19th, 2009 11:40 am |
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9th Post |
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Todd Caldwell 3T WIS
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And Brit newspapers, are not exactly new to miss quotes or the wording something to sound a touch more like a new story. Any newspaper for that matter.
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| Posted: Sat Dec 19th, 2009 11:40 am |
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10th Post |
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Skipdawg 3T WIS 
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Yea I've been hearing talk about this on and off for a few years now. Popularity has caused availability to be tight due to the high demand of the product.
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| Posted: Sat Dec 19th, 2009 12:05 pm |
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11th Post |
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oagaspar Site Founder
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this news should be taken with a pinch of salt...as quoted in the same article by a well respected analyst ;) This would send a bit of a bombshell through the industry if it happened as Swatch Group supplies about three quarters of the movements to the industry. It is quite a good business for them so I wonder if they really want to stop it," said Kepler Capital Markets analyst Jon Cox. "I'm wondering if this is really serious, it seems an unusual thing to say and probably reflects the complaints they get from other watchmakers. I'd take it with a pinch of salt."
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| Posted: Sat Dec 19th, 2009 12:24 pm |
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12th Post |
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Todd Caldwell 3T WIS
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well i am one who is taking this with a pinch of salt. I cant see it myself.
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