Each year, hundreds of watches make their debut at the Salon International de la Haute Horlogerie (SIHH) in Geneva, one of the two most important trade fairs – the other being Baselworld – in the watchmaking calendar. Some create a splash, others provoke barely a whimper.
Among the new SIHH releases which generated buzz last month were the Clifton Baumatic by Baume & Mercier and the FiftySix collection from Vacheron Constantin.
(RELATED: Check out our SIHH coverage and the top picks here.)
The Clifton Baumatic is interesting because it features the brand’s first in-house calibre, developed with expertise from the Richemont Group. The movement comes with features usually seen in more complicated timepieces, including a silicon escapement, a balance spring as well as a power reserve of five days. The watch’s biggest attraction, however, is its price. Similar watches with such horological muscle usually cost five figures – the Clifton Baumatic, however, is priced between $3,800 and $4,750.
Similarly, Vacheron Constantin’s FiftySix collection – priced between $17,100 and $52,400 – intrigued many because of its pricing. This makes it the cheapest in the brand’s stable, almost half the price of most of its entry-level offerings.
Luxe watch brands have been moderating their prices in the last couple of years to battle a market made lethargic by difficult economic conditions, the falling Swiss franc and China’s war against corruption.
There is another reason why watchmakers from IWC to Piaget are focusing on providing better value – to reel in younger buyers.
Mr Tom Chng, founder of the Singapore Watch Club, says the trend is good for consumers and watch lovers.
“Brands which many thought of as out of reach are now slightly more accessible. Consumers can expect to see better value for money.”
He adds: “It’s a good move to capture more junior collectors, luring them into the brand and keeping them as fans early on in their horological journey.”
Here are some interesting entry-level offerings at the SIHH this year.
This article first appeared in The Straits Times.