Cartier’s $600,000 Watch Shows Risks of Extending Luxury BrandsCorinne Gretler and Thomas Mulier
Watchmaker backtracks after push into technical timepieces
“Cartier wasn’t taken seriously enough” by connoiseurs
For over a century, Cartier has sold elegant, if simple, timepieces such as the Tank, which starts around $2,500 -- affordable by Swiss watch standards, and never confused with the level of technical finesse from brands like Patek Philippe.
Then a decade ago, Cartier sought to prove its own prowess, investing millions to build one of Switzerland’s largest watch factories and bringing in an industry veteran to head a fine watchmaking unit. The jeweler delved into the segment for connoisseurs known as “complicated pieces,” which sport analog mechanisms such as calendars that adjust for leap years and require painstaking hand craftsmanship. The effort culminated last year in the Rotonde de Cartier Grande Complication Skeleton, a glass-backed confection priced at more than $600,000.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- NFL’s $205 Million Man Is Hated by Everyone But Those Who Matter
- Americans Are Retiring Later, Dying Sooner and Sicker In-Between
- Singapore Will Stop Increasing Car Numbers From February 2018
- U.S. Stocks Drop at Start of Big Week for Earnings: Markets Wrap
- Noble Group Warns of Loss Topping $1 Billion