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Dear All:it just hit the Swiss news: The luxury conglomerate Richemont discards 200 jobs in the Swiss watch industry after the profit decreased for about 1/5. Mostly affected will be Geneva, La-Chaud-de-Fond and Villeret.The financial situation of Richemont is recently very often a topic in the Swiss economic periodicals. The purchase of the former LMH watch manufacturers for 3,1 Mrd. $ is a viewed a major reason, especially since it did not ease the dependency on Swatch's ebauches. 'A Hayek would never pay that much money' is a bottom line often heard.Interestingly, neither IWC, Lange & Sohne or JLC seem to be affected with the recent decision.Best regards,Magnus Bosse6/5/03

Angular Momentum Montre a Guichet Guilloche in TitaniumThe renowned Swiss watchmaker has updated its Angular Momentum Montre a Guichet Guilloche line with a model in titanium.As the original model, this feather-light version is presented in a 39.5 mm case, which is now made of titanium.Instead of a usual sapphire crystal, the watch is equipped with a 925 sterling silver Medallion a Guichet cover with a psychedelic Guilloche “Soleil Inca” a la Main finishing.Since the sterling silver is an alloy of 92.5% silver and 7.5% of other metals, the medallion is available in four colors of gold, silver, Rhodium and even purple Ruthenium.To make the timepiece usable (no one wants a watch that doesn’t tell time, no matter how beautiful it is,) the Swiss watchmaker has done a pair of diamond cut apertures at 12 and 6 o’clock to display the revolving hours and minutes disks respectively.To be frank, the solution still looks a kind of helpless compared to the gorgeous A. Lange & Sohne Zeitwerk mechanical watch with jumping hours and minutes.However, a comfort time representation is not the watch’s main function. Like most fashion watches, this one is, too, more of a beautiful accessory, rather than a time teller.The Angular Momentum Montre a Guichet Guilloche Titanium watch is equipped with a modified Swiss Made hand-wound caliber that features a revolving time disks complication.Alas, the movement is not visible, since the case back features a Palladium-coated 925 sterling silver medallion and is skillfully engraved with foliage on the Titanium back.I must admit that the watch is so beautiful that even the over-sized 8 mm crown with a black Onyx cabochon in its middle doesn’t spoil the picture.