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the early ‘70s there were over 2000 lines in the Omega
product catalogue and most of the other famous watchmakers
were following a similar path. Then came the nightmare –
QUARTZ !!!
Quartz watches also destroyed the Swiss watch making industry
(it ‘did for‘ the UK and US ones too). Quartz
watches could give an accuracy that some watchmakers could
only dream of at a fraction of the price that accuracy usually
costs. They could also be easily adapted to meet the fashions
of the day (Remember those red digital LEDs?).
The problem with Quartz soon became apparent - all the watches
were essentially the same. The ability to make a ‘statement’
about your success in life by wearing a premium brand was
almost lost. Hence, those premium brands like Omega were able
to survive. They embraced quartz technology into their product
ranges and worked hard to ‘add value’ to what
is essentially is a very similar quartz movement in every
watch.
In the late ‘80s and the ‘90s, mechanical movements
began to make a comeback. People appreciate the workmanship
and technological craft needed to make an accurate mechanical
movement and were willing to pay a premium price to get it.
That’s why there is such a strong market in vintage
mechanical watches, you can buy a precision Omega horological
instrument for a £200 - £300 that would cost over
a £1000 today. Omega is the ‘affordable collectable’
that may well appreciate even more in the future than they
have over the last few years. A vintage Omega is an investment
as well as a beautiful watch to wear day-to-day!
Its always a pleasure to own a thing of beauty and elegant craftsmanship - especially one you can enjoy wearing every day.
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