Horologist Question: Download Questions PDF
Tell me do you feel concerned about the future of the watch and clock industry and if so why?
Answer:
I am not concerned about the future of the clock and watch making industry. Years ago many firms were having a hard time, partly due to the advent of cheaper, more accurate, quartz clocks and then watches.
Once LCDs came into use for watches, allowing long power cell life, the writing was on the wall for mechanical time-pieces at the low price end of the market.
The situation was compounded by the entry of far eastern countries into the equation. Their lower labour and material costs forced some European firms out of the market.
Some firms managed to maintain their position, by moving production over to electronic watch and clocks or creating a niche market for people able to afford higher priced mechanical time-pieces.
Once LCDs came into use for watches, allowing long power cell life, the writing was on the wall for mechanical time-pieces at the low price end of the market.
The situation was compounded by the entry of far eastern countries into the equation. Their lower labour and material costs forced some European firms out of the market.
Some firms managed to maintain their position, by moving production over to electronic watch and clocks or creating a niche market for people able to afford higher priced mechanical time-pieces.
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