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this post was submitted on 30 Apr 2024
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So... The existing market leader chose to flip the table instead of admitting that their position was weaker and lower value.
Yep, that sure sounds like the pursuit of capital instead of... innovation, quality, or any of the other attributes capitalism attempts to associate itself with.
The Neuchâtel Observatory is a publicly funded institution that certifies movements with high accuracy as chronometers. Not a private body, or a marketing tool used by a watchmaker. The same ‘competition’ is done by other observatories, all giving their own rating of a timepiece’s accuracy against a reference chronometer kept at the observatory.
A quick search could have brought you that information_ Quartz movements beat the pants off mechanical movements, and they’re far cheaper to make, allowing the non-rich to have a decent watch with good battery life and serious accuracy. Cheap and normal mechanical watches regularly drift and lose a few seconds time over days and weeks - quartz drifts between 1-110 seconds over a year.
They aren't talking about quartz watches though. Seiko makes mechanical watches that were being compared to swiss mechanical watches costing way more.