With little capacity of its own, Harry Winston has become a top customer to many of the specialty and complication workshops that are a shrinking part of Switzerland’s watchmaking industry. Diverse collaborations with independent watchmakers—as in the well-known Opus series—are now part of the character of its men’s pieces. But the Swatch Group’s tightly managed and comprehensive industrial base contrasts sharply with the methods with which Harry Winston has built its watches over the last few years.
The question of whether these will be allowed to continue under Swatch, itself in the process of reducing its commerce with the rest of the industry, will make the unfolding of this acquisition especially interesting. With a solid following in its watches and diamond jewelry, Harry Winston will be a brand to watch in 2013.
[via Robb Report]