Arnaud Aimonetti is a watch collector and co-owner of the vintage watch shop, Ikigai Watches, which specializes in Seiko and family.
I work in Switzerland and live in the suburbs of Geneva, and I can tell you that most Swiss disdain non-Swiss watches, especially Japanese watches, even though they don't know anything about them. In Switzerland’s watch community, some people are better informed than others and consider a watch’s quality, rather than focusing on just the name on the dial. Those watch enthusiasts tend to appreciate Seiko and Grand Seiko a little bit more.
|Two Swiss watches, an Omega and Rolex, on the Tokyo subway.|
Photo taken June 2019.
But what’s interesting is that a Swiss historian specializing in the history of watchmaking wrote a book called Catching Up With and Overtaking Switzerland about the economic history of watchmaking. He explains how the crisis in the Swiss watchmaking industry in the 1970s and 1980s was not caused by quartz, but by Japanese watches being equally as good as Swiss ones, but cheaper. Quartz wasn't the cause of the Swiss watch industry's troubles, which began in the late 1960s. The problem for the Swiss was the whole organisation of the industry: This crisis was a structural crisis. Because the Japanese industry was verticalized, they were able to make everything in-house to reduce costs. But in Switzerland, the industry has always been very horizontalized, with a lot of subcontractors. Not a single Swiss brand made in-house watches, as some parts (and sometimes all the parts) were bought to various specialized subcontractors and only assembled by said brand.
The goal that Kintaro Hattori set for Seiko was to make watches that would surpass Swiss watches in quality but keep the low prices by using the American industrial model: make watches in large quantities and entirely in-house.