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SWISS MADE - a change in definition by Federation of Swiss Watch Industry  0 Comments

Published Saturday, July 07, 2007 by Harry SK Tan |

 

Some time ago, I commented on the problematic guidelines of the Swiss industry to have a minimum value of 50% to be described as "Swiss Made".
On the 29th June 2007 the Federation got together and decided to pass a new value criterion. Now, any mechanical watch in which at least 80% of the production cost is attributable to operations carried out in Switzerland would be considered as a mechanical Swiss watch. For other watches (quartz etc.), particularly electronic watches, this rate would be 60%. Further, technical construction and prototype development would moreover need to be carried out in Switzerland. In addition, raw materials, precious stones and the battery would be excluded from the production cost.
While this is a positive step in the right direction to assure the public that a Swiss Made watch is in fact made in Switzerland, this value criterion can still be circumnavigated without much difficulty. E.g. the cost of making a complex solid gold case can easily amount up to 80% of the cost of a watch - esp. with a simple and basic ebauche movement is all that is needed.
Lets hope that the Federation continues to tighten up the definition so that watch buyers and collectors are assured that they are in fact getting Swiss quality.
Report on Strengthening of 'Swiss Made'

 

 




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