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The CT60 collection release comes just after a new court ruling regarding the Tiffany-Swatch dispute
The CT60 collection release comes just after a new court ruling regarding the Tiffany-Swatch dispute

Tiffany re-enters watch market amidst Swatch dispute

Despite the ongoing legal scuffle with Swatch Group relating to a failed watch partnership, Tiffany & Co has seemingly dusted itself off and launched two timepiece collections.

The Tiffany CT60 collection, consisting of more than 20 pieces for both men and women, is an indication of the company’s renewed focus on the watch market.

The Tiffany East West collection features rectangular-shaped faces
The Tiffany East West collection features rectangular-shaped faces

The watches are available in Tiffany retail stores worldwide and feature self-winding mechanical chronograph Swiss movements.

While the majority of the range is made of stainless steel, some of the timepieces incorporate 18-carat rose gold. One of which is a limited edition 18-carat rose gold calendar watch with a 42-hour power reserve, shock-absorption system and sapphire crystal display. Only 60 have been created, with each given a number on the back of the case.

Tiffany has also launched the Tiffany East West range that comprises stainless steel watches with rectangular faces.

The collection release comes just weeks after a new court ruling was made in relation to the lengthy legal dispute between the jewellery retailer and watchmaking giant Swatch.

Legal proceedings began in September 2011 when Swatch ended an exclusive agreement – signed in December 2007 – to produce and distribute Tiffany-branded watches through the Swatch-founded business, Tiffany Watch Co.

At the time, Swatch claimed Tiffany has made “systematic efforts to block and delay the development of the business”.

In December 2013, Tiffany was ordered to pay Swatch CHF402.7 million (AU$531.5 m) in damages plus legal fees, which it did in full in January 2014 following a series of lawsuits and counterclaims.

However, the company petitioned for an annulment that was granted last month by the District Court of Amsterdam.

Swatch indicated that it would file an appeal against the latest decision.

More reading
Tiffany-Swatch legal battle not over yet
Tiffany ordered to pay $495 million damages claim
Tiffany and Swatch part ways
Tiffany-Swatch legal battle spirals
Swatch ends partnership with Tiffany
Tiffany & Co forecasts challenging year
 











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Sunday, 22 September, 2019 10:07am
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