One of the things I’ve learned as I continue my journey in the watch collecting and watch hobby world, is that there really was a “golden age” of watchmaking. This golden age reached its summit somewhere around 1970 after Seiko released the world’s first commercial Quartz wristwatch on December 25, 1969, which in turn started what was dubbed the “Quartz Crisis” (how's that for a Christmas present!).

The “Quartz Crisis” referred to the fact that many manufacturers of mechanical watches, some that had been around since the 1800’s started to disappear by the hundreds as people started buying Quartz watches in favor of mechanical ones. Some companies survived of course, but the majority that did were gobbled up by large conglomerates such as The Swatch Group, who bought Omega, Longines, Breguet, to name just a few, or Financière Richmond SA who bought IWC, A. Lange And Sohne, and Vacheron Constantin, again to name just a few.