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Audemars Piguet

Coordinates: 46°34′49″N 6°12′30″E / 46.58036°N 6.20825°E / 46.58036; 6.20825
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46°34′49″N 6°12′30″E / 46.58036°N 6.20825°E / 46.58036; 6.20825

Audemars Piguet Holding SA
Company typePrivate
IndustryLuxury watchmaking
Founded1875
1881 (Audemars Piguet & Cie)
FounderJules-Louis Audemars
Edward-Auguste Piguet
Headquarters
Le Brassus
,
Switzerland
Area served
Worldwide
Key people
  • Jasmine Audemars (Chair)
  • Olivier Audemars (Vice Chair)
  • Francois-Henry Bennahmias (CEO)
ProductsWatches, clocks
Production output
40,000 (2018)
RevenueIncrease 1.1 billion CHF (2018)
Number of employees
1450[1]
SubsidiariesRenaud & Papi SA
Centror SA
Websitewww.audemarspiguet.com

Audemars Piguet Holding SA (French pronunciation: [odmaʁ piɡɛ]) is a Swiss manufacturer of luxury mechanical watches and clocks, headquartered in Le Brassus, Switzerland.[2][3] The company was founded by Jules Louis Audemars and Edward Auguste Piguet in the Vallée de Joux in 1875, acquiring the name Audemars Piguet & Cie in 1881.[4][5][6] The company has been family-owned since its founding.[2][7]

Audemars Piguet is a highly regarded watch manufacturer.[6][8][9][10][11] The company is best known for introducing the Royal Oak wristwatch in 1972, which helped the brand rise to prominence within the watchmaking industry.[10][12] One of Audemars Piguet's early achievements was creating the world's first minute-repeating movement for wristwatches in 1892.[Note 1][13][14] In addition, the company developed the first skeleton watch in 1934 and has manufactured some of the thinnest watches in the world, such as the 1986 ultra-thin automatic tourbillon wristwatch (Calibre 2870).[6][9][15]

History

Early history

Jules Louis Audemars and Edward Auguste Piguet knew each other in their childhood, but were not re-connected until 1874 when they were in their early twenties.[9] In 1875, they formed partnership and began their business.[9][15] In 1881, Audemars Piguet & Cie was officially founded, and was based in Le Brassus, a village inside the Vallée de Joux in Switzerland.[2][4][5]

Audemars Piguet Royal Oak chronograph

Both Audemars and Piguet were previously watchmakers. Audemars created complex watch movements for other watch manufacturers such as Tiffany Co. to use.[5] Piguet specialized in the regulation of watch movements. Once partnered, they split the responsibilities while operating their own company: Audemars was in charge of production and technical aspects while Piguet focused on sales and management.[16][17]

The second-generation company leaders included Paul Louis Audemars and Paul Edward Piguet, and the third generation included Jacques Louis Audemars and Paulette Piguet.[7]

Recent development

In the 1970s, Audemars Piguet rose to an important position in watchmaking industry, especially after introducing the Royal Oak collection.[9]

The fourth-generation company leaders are both from the Audemars family, including Jasmine Audemars and Olivier Frank Edward Audemars.[7] Currently, the company is an active member of the Federation of the Swiss Watch Industry FH, and produces around 40,000 timepieces annually.[18][19][20]

Motto and slogan

One of Audemars Piguet's company slogans is "To Break the Rules, You Must First Master Them".[21][22] The slogan was introduced in 2012.[21][23]

Watch manufacturing

Bracelet on a Royal Oak

Notable inventions and patents

The following are some of the notable inventions of Audemars Piguet.

  • In 1892, created the world's first wristwatch minute-repeating movement, which was then sold to Louis Brandt frères (Omega SA).[Note 1][13][14][24]
  • In 1899, manufactured a “Grand Complication” pocket watch with 7 complications, including a grand and small strike, minute repeater, alarm, perpetual calendar, deadbeat seconds, chronograph with jumping seconds, and split-seconds hand.[6][9]
  • In 1921, created the world's first jumping-hour wristwatch, driven by Calibre HPVM10'''.[6][9][15]
  • In 1934, introduced the first skeleton watch.[15][25]
  • In 1946, produced the world's thinnest watch, with a 1.64-mm-thick movement.[26][27][28]
  • In 1972, introduced the world's first luxury sport wristwatch, the Royal Oak.[6][29]
  • In 1986, created an ultra-thin automatic tourbillon wristwatch (Calibre 2870), being only 5.3 mm thick (including the case).[6][30]
  • In 1995/96, manufactured the world's first automatic "Grande Complication" wristwatch (Calibre 2885).[6][31]
  • In 2006, introduced the world's first direct-impulse escapement, based on a design by watchmaker Robert Robin in the 18th century.[6][32][33]
  • In 2007/08, developed the first watch with a carbon case and a carbon movement (a Royal Oak Carbon Concept).[6][34]
  • In 2015, the world's first mechanical chronograph with independent memory and three column-wheels was launched. Its name, Royal Oak Concept Laptimer Michael Schumacher.[35]
  • In 2019, the world's thinnest automatic perpetual calendar was presented.[36]

Environmental rating

Top 5 gold producing nations

In December 2018, World Wide Fund for Nature (WWF) released an official report giving environmental ratings for 15 major watch manufacturers and jewelers in Switzerland.[37][38] Audemars Piguet, along with 7 other manufacturers including Patek Philippe, Breguet and Rolex, was given the lowest environmental rating as "Latecomers/Non-transparent", suggesting that the manufacturer has taken very few actions addressing the impact of its manufacturing activities on the environment and climate change.[37][38]

There are concerns over the lack of transparency in manufacturing activities and the sourcing of precious raw materials such as gold, which is a major cause of environmental issues such as pollution, soil degradation and deforestation.[37][38] The situation is especially serious in the developing countries which are top producers of gold, such as China, Russia and South Africa.[39][40][41][42] It is estimated that the watch and jewelry sector uses over 50% of world's annual gold production (over 2,000 tons), but in most cases the watch companies are not able to or are unwilling to demonstrate where their raw materials come from and if the material suppliers use eco-friendly sourcing technologies.[37]

Notable models

The current lineup of Audemars Piguet watch collections include Royal Oak, Royal Oak Concept, Royal Oak Offshore, Millenary, Jules Audemars, Haute Joaillerie, Classique and Code 11.59.[43]

Royal Oak/Concept/Offshore

A Royal Oak Offshore chronograph

The Royal Oak is considered to be the most popular watch that Audemars Piguet currently manufactures.[8][9][10][15] It was first presented at the 1972 Baselworld, during the quartz crisis.[44][45] Designed by Gérald Genta, who is also responsible for designing other notable timepieces including the Patek Phillipe Nautilus, the Royal Oak model is considered to be the first luxury sports watch in the world.[46] The watch was inspired by traditional diving helmets and therefore featured exposed screw heads as well as a unique case design.[47][48] The watch also featured an integrated bracelet.

To mark the 20th anniversary of the Royal Oak, Audemars Piguet hired a young designer, Emmanuel Gueit, to design a new watch known as the Royal Oak Offshore.[49][50] The Offshore was formally introduced in 1993, with a much larger case (42mm compared to the original 39mm) which was thought to be tougher than the original.[51] The new watch proved to be just as successful as the original.[47]

Millenary

The Millenary collection was launched in 1995.[52] The idea behind the unique design was to give the viewer a three-dimensional take on a standard watch movement. They are characterized by oval cases as well as domed sapphire crystal. The off-centred watch dial is notable with a view of the balance wheel. Audemars Piguet claims that their calibre 4104 is reversed to allow more components to be seen on the dial. All of the Millenary watches share the case and a unique Damaskeening or Côtes de Genève across the movement dial.[53]

Jules Audemars

Named after one of the founders, the Jules Audemars collection takes cues from more traditional Audemars Piguet designs. In 1875, Jules Audemars created about 20 very complex movements, which he later used as collateral when he and Edward Piguet founded Audemars Piguet & Cie in 1881.[5][54] These movements marked the beginning of Audemars Piguet. All the watches in this collection have circular shape, some of which also contain complications such as tourbillon, minute repeater, and perpetual calendar.[53]

Code 11.59

Released at the "Salon International de la Haute Horlogerie (SIHH) 2019", the Code 11.59 collection is the latest addition to the Audemars Piguet lineup.[55] The collection boasts several unique characteristics. All Code 11.59 watches feature a chapter ring with numerals depicting seconds for time-only models, a tachymeter (watch) for the chronograph model, and a week indicator for the perpetual calendar model [56] . The crystals on all the watches in this collection feature a unique curvature which changes the way the dial appears at certain angles. All the Code 11.59 watches feature a three-piece-case design with an octagonal section in the middle.[57]

Notable patrons and owners

Michael Schumacher with his Royal Oak Offshore chronograph

Athletes

Entrepreneurs

Celebrities

Royalty

See also

Notes

  1. ^ a b In 1892, Audemars Piguet created the world's first wristwatch minute-repeating movement, at the request of Louis Brandt, the founder of Omega SA. In the same year, Omega assembled the world's first minute-repeating wristwatch with this movement. The 18K-gold wristwatch is now kept in the Omega Museum in Biel/Bienne, Switzerland.

References

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