Impending 80/20 rule for Swiss Made regulations! - Time Talk - Time Tech Talk

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oagaspar
Site Founder

Joined:	Sun Sep 4th, 2005
Location:	Akron, USA
Posts:	28877
Status:	Offline

This was in Tim's latest newsletter from Sammy Friedman of Gevril about the higher standards for "Swiss Made" being imposed....it's about time!
Greetings fellow watch enthusiasts!

We've just returned from meetings on the East coast. It was a beautiful New
York day. The tree was green. The bird was singing. And exciting watch
developments were in the air from both Gevril and Nicolet.

Swiss Price Increases

In my meeting with Sammy Friedmann of Gevril, I learned that the days of
getting a Swiss mechanical movement in the three or four-hundred dollar
range are rapidly coming to a close. This may be the ideal time to stock up,
especially for special occasions later in the year.

Tightened "Swiss Made" Standards

During our visit, Sammy also shared his knowledge of the proposed pending
"80-20" rule. This is a proposition to limit the "Swiss Made" designation to
watches with 80% of production costs in Switzerland for mechanical watches
and 60% for electronic production. The current percentage is 50.1% for both.

On June 28th, the Federation of the Swiss Watch Industry (FH) voted in favor
of pushing the Swiss government to accept these new requirements. This
proposal comes in response to criticism that the Swiss-made label is being
used too loosely, and if passed, it will affect the future labeling of some
brands.

KenC
Admin

Joined:	Sun Sep 4th, 2005
Location:	Florida &, Arizona USA
Posts:	11288
Status:	Offline

O.A. Gaspar wrote: This was in Tim's latest newsletter from Sammy Friedman of Gevril about the higher standards for "Swiss Made" being imposed....it's about time!
Greetings fellow watch enthusiasts!

We've just returned from meetings on the East coast. It was a beautiful New
York day. The tree was green. The bird was singing. And exciting watch
developments were in the air from both Gevril and Nicolet.

Swiss Price Increases

In my meeting with Sammy Friedmann of Gevril, I learned that the days of
getting a Swiss mechanical movement in the three or four-hundred dollar
range are rapidly coming to a close. This may be the ideal time to stock up,
especially for special occasions later in the year.

Tightened "Swiss Made" Standards

During our visit, Sammy also shared his knowledge of the proposed pending
"80-20" rule. This is a proposition to limit the "Swiss Made" designation to
watches with 80% of production costs in Switzerland for mechanical watches
and 60% for electronic production. The current percentage is 50.1% for both.

On June 28th, the Federation of the Swiss Watch Industry (FH) voted in favor
of pushing the Swiss government to accept these new requirements. This
proposal comes in response to criticism that the Swiss-made label is being
used too loosely, and if passed, it will affect the future labeling of some
brands.

So this means that Invicta (Eyal) will have to tell bigger lies? :D

srh_pres
3T WIS

Joined:	Wed Nov 15th, 2006
Location:	Orlando, Florida USA
Posts:	6057
Status:	Offline

Apparently... about 30% bigger... :shock:

KenC wrote: O.A. Gaspar wrote: This was in Tim's latest newsletter from Sammy Friedman of Gevril about the higher standards for "Swiss Made" being imposed....it's about time!
Greetings fellow watch enthusiasts!

We've just returned from meetings on the East coast. It was a beautiful New
York day. The tree was green. The bird was singing. And exciting watch
developments were in the air from both Gevril and Nicolet.

Swiss Price Increases

In my meeting with Sammy Friedmann of Gevril, I learned that the days of
getting a Swiss mechanical movement in the three or four-hundred dollar
range are rapidly coming to a close. This may be the ideal time to stock up,
especially for special occasions later in the year.

Tightened "Swiss Made" Standards

During our visit, Sammy also shared his knowledge of the proposed pending
"80-20" rule. This is a proposition to limit the "Swiss Made" designation to
watches with 80% of production costs in Switzerland for mechanical watches
and 60% for electronic production. The current percentage is 50.1% for both.

On June 28th, the Federation of the Swiss Watch Industry (FH) voted in favor
of pushing the Swiss government to accept these new requirements. This
proposal comes in response to criticism that the Swiss-made label is being
used too loosely, and if passed, it will affect the future labeling of some
brands.

So this means that Invicta (Eyal) will have to tell bigger lies? :D

Skipdawg
3T WIS

Joined:	Thu Mar 29th, 2007
Location:	Washington USA
Posts:	14965
Status:	Offline

I so like the 80/20 rule concept. Will add to the value of "Swiss Made" making it mean so much more. ;)

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