Here's another of the friendly crew at the JIUSKO booth in Shenzhen: Hong Zheng, Moshe, me, and Joan and The Mannequins.
It was a treat to meet Moshe, and to discuss the business and industry while visiting the show. The hospitality for us all at the Jiusko booth was terrific and my thanks to Hong Zheng and Joan of JIUSKO!
Full disclosure: While at the Shenzhen fair, the Glucks very generously offered me a birthday present, and it doesn't near convey my appreciation to tell you all I'm much more than grateful. As you're about to see, this was an astonishingly kind gesture on their part.
On to the gift: the JIUSKO 153LS0107 tourbillon watch...housing a Hongzhou 3335 tourbillon movement including the presentation box and certificate from the Gem Testing Center of All-China Federation of Commerce. The watch will be a cherished addition to the AMCHPR collection.
(This link goes to the ChineseWatchWiki article on Chinese Tourbillons, which provides more details on the various types of tourbillon movements.)
The video shows the tourbillon movement in action.
Tourbillon watches built outside of China are usually (as in almost always) prohibitively expensive ($30K and well up) and highly sought after by many seasoned high-end collectors, which is why it was a huge shock to the horological world when China began producing true tourbillon watches that -- although still not inexpensive -- were much more affordable than their European counterparts, allowing sophisticated watch lovers with smaller budgets a chance to own a complication that, until relatively recently, was only available to the very well-off.
The JIUSKO 153LS0107 is an eye-pleasing, well-built, more affordable way to more enjoy this very entertaining high-end complication.
Deputy General Manager Mr. Xu ChuangYue (徐创越) is a very cordial, very focused individual, and I was pleased to be provided a chance to meet and talk with him while attending the China Watch and Clock Fair, June 25th/2015. The meeting followed a noon lunch and watch inspired fashion and information show, hosted by Fiyta and Fiyta's General Manager Mr. Du Xi:
The specifics of the agreement, as Google translated from the initial message from Li Wei are:
"@Ron Good: News eleven FIYTA a joint venture with the Beijing Watch Factory Watch Company Tencent securities 2015-06-05 20:04:00: FIYTA A (000026) June 5 evening announcement, in key areas to enhance the company's core competencies parts, the Board of Directors authorized the management and the Beijing Watch Factory Co., Ltd. signed a framework agreement to jointly invest in the establishment of North-table industry ( Beijing) Limited. Under the agreement, Beijing Watch Factory agreed to watch movement components and manufacturing operations, "Beijing" and "Shining" brand and related business team and other resources, the establishment of a separate north-table industry company, which holds the North exemplar companies 100% of the shares. After the separation is completed, the company intends to cash 80 million yuan (including 51 million yuan as registered capital of the target company) north exemplar investment companies, investment shares after the company accounted for 51% of the shares of North exemplar companies, Beijing Watch Factory accounted North exemplar 49% stake in the industry."
Mr. XuDi stated the day the collaboration was announced (translated):
"Our bilateral cooperation has many meanings. First, FIYTA, to cooperate with the North watch factory after FIYTA full manufacturing capacity will be time to add in the future we will have a production movement, which can directly enhance the core competitiveness of FIYTA enhance industry strength . For North watch factory, with FIYTA in marketing, channel, and many other advantages, the North watch factory own movement manufacturing level and brand development must also be improved. ”
Fiyta is strongly placing itself in the active wear watch market, and supports many athletic and fitness activities. Later in the evening, Fiyta invited (and transported) many guests to a group fitness run along Shenzhen's shoreline, a great end to an informative and fun day.
I'm eagerly waiting to see the concrete results of this exciting development.