A view from inside the watch industry.
The Crypto AG scandal.
Several watches were taken but staff were unhurt.
A total of SFr705,000 was raised for Swiss charity Action Innocence through the sale of two unique F.P. Journe watches, including a Tourbillon Souverain fitted with an unusual purple dial.
Three days ago the Swiss National Bank lifted its cap on the Swiss franc's value against the Euro. Within hours the franc rose by as much as 40% against the Euro, with Swiss stocks moving in the opposite direction; on the same day shares in Richemont and the Swatch Group fell by as much as 16%. What does the franc's appreciation mean for watch buyers?