12-23-2008, 12:08 AM bxa67 Senior Member Senior Geek
Join Date: Apr 2008 Posts: 324
Swiss Made from 51% to 80% is that going to affect Invicta? Hey Jim, Since the Swiss watch Industry is passing soon the Law that a watch will at some point in the near future be 80% swiss parts & cased in Switzerland, how will that be affecting Invicta OVERALL, and Invicta Pricing????? NOTE: Current Legal rule (for those who do not know), is that a watch must be 51% Swiss made & cased in Switzerland to say "SWISS MADE" on a watch, this is going to change to 80%!!! All I can say is that the Swiss are smart in keeping thier market share against the soon coming Chinese watch industry. Best Rgds Bill in IL
#2 12-23-2008, 12:35 AM
jskelton WatchGeeks Owner True WatchGeek
Join Date: Feb 2008 Posts: 16,286 Real Name: "Diamond Jim" Skelton
The entire Swiss watch industry will be heavily affected by this (if it goes through), and while some brands will simply dissapear, others will have to raise their prices as much as 300% and more. I have been saying this for over 3 years. Back when I first started talking about this on my shows, 'other forums' would say how crazy I was... how I was creating a panic to drum up sales. Then someone else said it about 2 years after me... and people finally realized it. Things will get much, much worse. Buckle up, and buy as much Swiss anything while you can.... __________________
Quote: Living well is the best revenge. -George Herbert Quote: Originally Posted by charleswatts Your candor in the explanation reveals the nature of the relationship you have formed with your viewers.
jskelton
#3 12-23-2008, 12:52 AM bxa67 Senior Member Senior Geek
Join Date: Apr 2008 Posts: 324
Re: Swiss Made from 51% to 80% is that going to affect Invic Thanks Jim, is there any Input from EYAL on this issue? If Invictas go up 300% I think we all will buy less hmmm we need help bxa67 View Public Profile Send a private message to bxa67 Send email to bxa67 Find all posts by bxa67 Add bxa67 to Your Contacts #4 12-23-2008, 04:01 AM SeanCM Senior Member True WatchGeek Re: Swiss Made from 51% to 80% is that going to affect Invic
Join Date: Apr 2008 Location: Phoenix Arizona Posts: 7,928 Real Name: Sean
I just ran to the store and picked up a boat load of Swiss Cheese, Swiss Army knives, and Swiss Miss Instant Cocoa!! Gosh I hope the cheese will keep!!
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SeanCM View Public Profile Send a private message to SeanCM Send email to SeanCM Find all posts by SeanCM Add SeanCM to Your Contacts #5 12-23-2008, 08:15 AM ddavidsonmd Senior Member Super Geek Re: Swiss Made from 51% to 80% is that going to affect Invic
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JoeCB Senior Member Super Geek
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Re: Swiss Made from 51% to 80% is that going to affect Invic Quote: Originally Posted by SeanCM";p=&quot I just ran to the store and picked up a boat load of Swiss Cheese, Swiss Army knives, and Swiss Miss Instant Cocoa!! Gosh I hope the cheese will keep!!
Sean, that is hysterical, Thanks for making me laugh, Merry Christmas, Joe JoeCB View Public Profile Send a private message to JoeCB Send email to JoeCB Find all posts by JoeCB Add JoeCB to Your Contacts #7 12-23-2008, 10:48 AM
Arktander WatchGeeks Moderator True WatchGeek
Join Date: Mar 2008 Location: Central Illinois Posts: 9,060 Real Name: David
Re: Swiss Made from 51% to 80% is that going to affect Invic Wow, wow, wow! Thanks for all the fair warnings, Jim. Makes me even happier to know I actually followed through this time. I think we also should be thankful to ShopNBC and Amazon and others that offered spectacular deals especially over Thanksgiving, as it gave us an opportunity to do just that--get Swiss made while it's more reasonable in price. __________________ DAVID
Arktander View Public Profile Send a private message to Arktander Send email to Arktander Find all posts by Arktander Add Arktander to Your Contacts #8 12-23-2008, 11:19 AM CurrentTime
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Re: Swiss Made from 51% to 80% is that going to affect Invic I am diligently doing my part to acquire all the Swiss Invicta watches that I can: http://watchgeeks.net/viewtopic.php?t=17970&highlight= CurrentTime View Public Profile Find all posts by CurrentTime Add CurrentTime to Your Contacts #9 12-26-2008, 09:37 PM
NCVOL17 Senior Member Super Geek
Join Date: Mar 2008 Location: North Carolina Posts: 2,168 Real Name: Christopher
Isn't 80% Swiss really a more true Swiss timepiece vs a 51% Swiss? I was distressed to learn that Tag and to a degree Omega heavily used Chinese workmanship in their SWISS timepieces. I thought those 2 brands I have were really and truly Swiss. I'm sure my Debraufre , Phillip and others are really 49% Chinese. Wonder what my Paneria is % wise? NCVOL17 View Public Profile Send a private message to NCVOL17 Find all posts by NCVOL17 Add NCVOL17 to Your Contacts #10 12-26-2008, 09:43 PM
Flyback Senior Member True WatchGeek
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Quote: Originally Posted by NCVOL17";p=&quot Isn't 80% Swiss really a more true Swiss timepiece vs a 51% Swiss? I was distressed to learn that Tag and to a degree Omega heavily used Chinese workmanship in their SWISS timepieces. I thought those 2 brands I have were really and truly Swiss. I'm sure my Debraufre , Phillip and others are really 49% Chinese. Wonder what my Paneria is % wise? So long as the watch is well engineered and well made, does it really matter if every screw was made and turned in Switzerland? BTW: Your DeBaufre was built by Grovana, founded in 1924 and located in Tenniken which is in the north-western part of Switzerland – close to Basel. The company is privately owned and thus independent and has been in the hands of the Bitterli family for over 30 years. __________________
If n = the number of watches you have, then n + 1 = the number of watches you need!
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Add Flyback to Your Contacts #11 12-26-2008, 09:55 PM meijin WatchGeeks Owner True WatchGeek
Join Date: Feb 2008 Location: Atlanta, GA Posts: 11,853 Real Name: Michael
Quote: Originally Posted by NCVOL17";p=&quot Isn't 80% Swiss really a more true Swiss timepiece vs a 51% Swiss? I was distressed to learn that Tag and to a degree Omega heavily used Chinese workmanship in their SWISS timepieces. I thought those 2 brands I have were really and truly Swiss. I'm sure my Debraufre , Phillip and others are really 49% Chinese. Wonder what my Paneria is % wise? Please keep in mind that the closest you are going to come to 100% Swiss Made is the A.O.S.C. or Appellation d’Origine Suisse Certifiée (Swiss Certified Label of Origin) certification from Bedat. Second, keep in mind that there is more at play with the proposed changes to the "Swiss Made" designation than meets the eye. These cahnges are coming from the Federation de I'industrie Horlogere Suisse FH (Federation of the Swiss Watch Industry FH) from the "enforcement' and "regulation" side, but is being driven primarily by Nicolas Hayek of the Swatch Group and the Richemont Group, LVMH (Moët Hennessy • Louis Vuitton S.A) and Rolex. Between these four companies, they make up more than half of the 60 votes within the FH. So, they get to drive the direction and, basically, determine what is going to be law. Combined with the Swatch Group no longer providing movements to non-swatch Group companies as of 2010, it is a great way for them to drive a large number of small and medium sized Swiss based watch companies out of business. __________________ Michael
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meijin View Public Profile Send a private message to meijin Find all posts by meijin Add meijin to Your Contacts #12 Yesterday, 11:58 PM bxa67 Senior Member Senior Geek
thanks Mike, any updates on this issue???
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