Swiss watches industry was into an unprecedented crisis in the late 1970’s. At that time, the proportion of global market share decreased sharply from 43% to 15%, meanwhile, the birth of the world’s thinnest watch in 1978 challenged the Swiss watches industry severely. Hence, to revival the industry became the urgent task.
In 1985, Nicolas G. Hayek, the father of Swatch, restructured the Asuag and SSIH to form the Swatch Group eventually after four years of effort. The craftsmen not only set up a new record about the thickness of watches, but also invented a new watch manufacturing technology, which is to use one piece of watchcase and make the bottom of the case as the baseplate of watch movement. The watch movement is assembled from the top of watch, and the fix of the Sapphire Crystal looking glass becomes the last procedure. It was an overturning innovation while successful attempt. However, as the leader of watch industry, Swatch Group together with other partners has conquering the new fields all the way. For example, after numerous improvements, craftsmen can use 51 parts instead of 91 parts to combine the watch, so that make the plastic timepiece reality.
Swatch watch is with Quartz movement, synthetic material, waterproof, shock-protected, Timing accurate and so on. What’s more, the price is acceptable to most folk. Watches in these characters are particularly suitable for quantity production, and possess rich color options. Consequently, Swatch becomes the priority of the youth as the symbol of passion, taste and joy.
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