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At the time of the foundation of Memorigin, Shum was quoted saying, “there were only about 30 factories in the entire world making tourbillon, and only a few in China.” During the same interview with the NY Times, Shum stated that Swiss tourbillon watches in the market were limited and expensive.
Any watch with a tourbillon will cost a great deal more than an equivalent piece without the feature. The prices of Swiss models typically start at $40,000 and the prices of more expensive tourbillon watches can reach six figures. The prices of some Chinese models can range from hundreds of dollars to nearly $5000. [17]
The company was originally formed as Tianjin Watch Factory in January 1955 with four craftsmen on order of the People's Republic of China government. In 1990, the Tianjin Watch Factory was awarded the status of a national company, and in 1992, the Tianjin Seagull Corporation was founded. That same year, the decision was made to discontinue the ...
Finally, any auctioned watch without public online records from auctioneers (e.g. major auction houses) will not be included in the ranking. As of December 2022, the most expensive watch (and wristwatch) ever sold at auction is the Patek Philippe Grandmaster Chime Ref. 6300A-010, fetching US$31.19 million (31,000,000 CHF) in Geneva on 9 ...
The Hangzhou Watch Factory was established in the city of Hangzhou in 1972 with export rights granted from the outset. Initial production was the Standard watch, designated ZHZ with 19 jewels and branded Xihu (West Lake) after the famous landmark near the city. Xihu watches were at one time awarded the top national award for quality.
Some watch historians believe that the company was established in London due to the ease of shipping watches to China on the frequent ships of the East India Company. [2] Édouard's brothers, Alphonse and Frédéric, stayed in London to manage shipping; another brother, Charles-Henri, managed manufacturing in Fleurier, while Édouard developed ...