Piaget SA

Piaget
Watchmaker
Industry Watchmaking and jewellery
Genre Private
Founded La Côte-aux-Fées, Switzerland (1874 (1874))
Founder Georges Edouard Piaget
Headquarters Geneva, Switzerland
Number of locations
 Stores in 80 countries.[1] All parts are made in Switzerland[2]
Area served
 World wide
Key people

Georges Edouard Piaget (Founder)

Yves Piaget (President)
Philippe Leopold-Metzger (Chief Executive Officer)
Products Watches, jewels
Parent Richemont
Website Piaget.com

Piaget SA (French pronunciation: ​[pja.ʒɛ]) is a Swiss luxury watchmakers and jewellers, founded in 1874 by Georges Piaget in the village of La Côte-aux-Fées belongs to the Swiss Richemont group, specialists in the luxury goods industry.

The company was founded as a manufacturer of watch movements but began marketing its own line of watches in the 20th century.

In 2008, The Luxury Institute jewellery brand study ranked Piaget as the 6th most prestigious jewellery brand.

History

Origins

In 1874, Georges Edouard Piaget set up his first workshop on the family farm, situated in the small village of La Côte-aux-Fées in the Swiss Jura mountains.[3] Situated in the Neuchâtel region, the company was dedicated to crafting pocket watches and high-precision clock movements.

In 1911, Timothée Piaget, the son of Georges Piaget, took over the family firm. The company's policy has been to be dedicated to the production of wrist watches ever since.[4]

Registered Trademark

Under the guidance of the founder’s grandsons, Gérald and Valentin Piaget, the Piaget brand became a registered trademark in 1943. Since then, the manufacture at La Côte-aux-Fées has produced its own creations.

As a result of this expansion, the family business opened a new factory in 1945, again in La Côte-aux-Fées.

Ultra-thin movement and jewellery

In 1957, the manufacture at La Côte-aux-Fées brought out the Calibre 9P, the first ultra-thin (2 mm), hand-wound mechanical movement.

Then, in 1960, the Piaget watchmakers developed the Calibre12P, the thinnest automatic movement in the world with a thickness of 2.3 mm (made official by an entry in the Guinness Book of Records).

In addition to coin watches, ring watches, brooch watches and cufflink watches, Piaget created their first pieces of jewellery.

In 1957, the Emperador men’s watch was launched and since its relaunch in 1999 become one of the brand’s emblematic models.

The company’s expansion led to the opening of a new factory in Geneva, dedicated to jewellery and, in 1959, their first boutique.

In 2014, Piaget presented the Altiplano 900P, at 3.65 millimeters (around 1/8th of an inch) it is the world’s thinnest hand-wound mechanical watch.[5]

Rapid expansion

In 1964, Piaget presented their first watches with dials worked in precious stones: lapis-lazuli, turquoise, onyx and tiger's eye. Piaget then launched the cuff watch. 1976 saw the launch of the Calibre 7P, a quartz movement.

The Piaget Polo watch[6] with its avant-garde style, was brought out in 1979 and became one of the brand’s iconic models. The Dancer collection was launched in 1986.

The company has been under the presidency of Yves Piaget since 1980.

Merger

The luxury Vendôme group, now Richemont, purchased the Piaget manufacture in 1988.

In the 1990s, several new collections were launched: Possession, Tanagra, Limelight and Miss Protocole with its interchangeable straps.

Piaget brought out the Altiplano watch and in 1999 reinvented one of their classics, the Emperador line.

Watchmaking was regrouped in one collection: Black Tie.

New movement

In 2001, a Piaget Haute Horlogerie manufacture was opened in Plan-les-Ouates, just outside Geneva. The movements continued to be produced at La Côte-aux-Fées, the family’s birthplace. The new building grouped together over 40 professions in the fields of watchmaking and jewellery.

The same year, Piaget added a youthful touch to the Polo watch from the 1970s and launched the Magic Reflections collection.

The manufacture developed mechanical movements and in 2002 brought out the first Piaget Manufacture tourbillon movement, the Calibre 600P, the thinnest tourbillon in the world with 3.5 mm thickness.

In 2004, Piaget celebrated their 130th anniversary.

Ultra-thin movement

The brand is one of the forerunners in the creation of ultra-thin movements[7] with the manual 9P and automatic 12P movements, respectively the thinnest in their category in the world in 1957 and 1960. This has led in more recent years to the modern developments 430P, 450P and 438P, with a thickness of only 2.1 millimetres. These latest innovations are used in the Altiplano line, the most recent of which is the Altiplano 900P, at 3.65 millimeter it is the world’s thinnest hand-wound mechanical watch.[8]

Tourbillon movement

The Tourbillon movement was developed over a period of three years. Resulting from this research is the calibre 600P, the thinnest tourbillon movement in the world (3.5 mm). Its frame is particularly sophisticated: composed of 42 minuscule parts, including three titanium bridges, it weighs just 0.2 grams. The flying tourbillon – mounted on a single axis – is topped by the initial “P”, which adds to the complexity of the poising.

Tourbillon skeleton movement

Piaget’s flying tourbillon movement is the thinnest of its kind in the world (3.5 mm). It is divided into segments corresponding to each of the 60 seconds, a sunburst guilloche decoration shines out from the tourbillon’s frame. The model is in gold and set with precious stones.[9]

Retrograde movement

The Calibre 560P is a self-winding mechanical movement, designed, developed and built at the heart of Manufacture Piaget, and boasting a complex retrograde seconds mechanism. The hand traces an arc from 0 to 30 at 12 o’clock, then jumps back to its starting point. The design of the handcrafted finishing details took 24 months: circular Côtes de Genève decoration, stippled main plate, bevelled and hand-drawn bridges as well as blued screws.

Self-winding movement

A new generation of self-winding mechanical movements was launched in 2006. The 800P, with hours, minutes, central seconds hands and large date display, is equipped with two barrels, guaranteeing a power reserve of 72 hours. This 12-ligne calibre, beats at 21,600 vibrations per hour (3 hertz) and its timing is ensured by a screw-regulated balance. The 850P version displays small seconds and a second time zone on two sub-dials. A day/night indicator synchronised with the central time zone completes the display.

Art of enamelling

Piaget continue the tradition of miniature painting thanks to a traditional technique. The enameller begins by crushing and cleaning raw enamels to obtain a very fine powder, which is then mixed with essential oils to achieve the colour palette. The enamel is applied with a brush in successive fine layers, each of which is oven-fired at temperatures exceeding 800 °C. Each enamelled piece requires nearly twenty firings in the oven. The enamel and its colours are then set forever.

Setting and gemmology

Piaget owns the largest jewellery workshop in Geneva. Every stone is cut, adjusted and set by hand. The diamonds meet the highest standards of colour (D to G) and clarity (IF to VVS.) The diamonds are tested according to in-house guidelines based on their colour, size, clarity and carat.

Piaget is member of the “Council for Responsible Jewellery Practices” and the “Kimberley Process Certification Scheme”, which guarantees that diamonds do not originate from an area of conflict.

Prizes and awards

Piaget Best Jeweller Prize

In 2005, Piaget created their Best Jeweller Prize. This prize is awarded to the most deserving student of the Certificat Fédéral de Capacité in watchmaking. Dorian Recordon was the first holder of the qualification to receive this prize.

See also

References

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