Prestige Hong Kong - Tic Talk

No Flash in Japan

Seiko’s Toru Tsuchiya and William Hui of its local distributo­r Thong Sia explain why introducin­g the Grand Seiko brand to the broader market will be a gradual, long- term process

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Highly respected in its home country, Grand Seiko is fast becoming a favourite worldwide

Switzerlan­d, as all students of the history of timekeepin­g know, isn’t the be all and end all of horology. In fact, it was only in the 19th century that the small European nation became synonymous with fi ne watchmakin­g, with many key innovation­s having already been developed elsewhere. Clock and watch manufactur­ing also took root in other parts of the world. Far away in Asia, industrial­isation only really came to Japan in the late 19th century, yet the process was so rapid that by the end of the Meiji era more than 20 companies around the country were producing almost four million clocks annually. Among them was a business founded in 1881 by Kintaro Hattori, a 22- year- old clock- and watchmaker and repairer in Tokyo; within 11 years he’d bought a disused factory where he began to manufactur­e clocks under the name Seikosha. By 1895 Hattori had made his fi rst pocket watch; a wristwatch – the Laurel – made its debut in 1913, with a timepiece bearing the Seiko name arriving on the market in 1924.

Today, the Seiko Corporatio­n manufactur­es tens of millions of watches each year, from inexpensiv­e mass- produced quartz models and workmanlik­e – but nonetheles­s well regarded – mechanical Seiko 5s, through its mid- market GPS solar Astrons and traditiona­l mechanical Presages, to the luxury watches of Grand Seiko, which in 2017 was spun off as a high- end brand that’s aimed directly at Swiss competitor­s such as Rolex and Omega. Putting the lie to the notion that luxury timepieces must by defi nition be produced in Europe ( and thus, by extension, Switzerlan­d), Grand Seiko watches are prized for their high precision and accuracy, with calibres ranging from high- beat

( i. e., 36,000vph) and quartz to the Spring Drive, an ingenious hybrid movement in which energy is generated mechanical­ly but regulated electronic­ally. Similarly superb are the levels of craftsmans­hip involved in their production, perhaps best typifi ed by the tiny number of watches sold under the Credor name, rare pieces that feature handmade and handpainte­d porcelain dials, and even minute repeaters – though sightings of these beauties beyond the domestic Japanese market are few and far between.

To those acquainted only with Seiko’s more affordable products, for which it’s much better known, it’s almost inconceiva­ble that the company is capable of such a wide scope of offerings – indeed, it’s not so very long ago that Swiss watch enthusiast­s ridiculed timepieces bearing the Grand Seiko logo. Given the growing respect for the luxury Japanese brand among collectors around the world, however, that’s emphatical­ly no longer the case.

When it gained its autonomy more than two years ago, Grand Seiko relinquish­ed the stylised “Seiko” that for years had adorned the upper half of the dial in favour of its own distinct logo. It also began projecting itself towards a younger audience and, just as crucially, watch buyers overseas, whereas formerly the brand had primarily targeted an older demographi­c of Japanese buyers in their fi fties and sixties. “What people see in watches has changed,” says Seiko Watch Corporatio­n senior president Toru Tsuchiya. “For the same watch, young people now are also interested.”

That rippling reverberat­ion is gradually being felt globally – and the new strategy has been welcomed by overseas fans who always wanted to see a greater availabili­ty of Grand Seiko watches outside of Japan. They, in turn, have been rewarded with a rash of dazzling new models as the brand has rolled out commemorat­ive pieces that hit the zeitgeist bang on the nail, watches such as the Spring Drive Nissan GT- R Anniversar­y Limited Edition SBGC229 and the Spring Drive Godzilla 65th Anniversar­y SBGA405, which convenient­ly also help mark the innovative movement’s 20th anniversar­y. With its combinatio­n of convention­al mechanical components and a quartz oscillator, the Spring Drive promises the exceptiona­l accuracy of plus or minus one second a day, as well as a visually enchanting gliding second hand. Although one of the brand’s three movement technologi­es, it’s by far its signature.

“There’s only Seiko that uses three different mechanisms,” says Tsuchiya.

“We want to continue keeping these three pillars.” However, though Grand Seiko sales have grown appreciabl­y in the Japanese domestic arena since the transition, he admits that the brand’s limited retail presence means “they’re still babies” on the internatio­nal market. “For our fi rst task, we’re more focused on our own boutiques,” adds William Hui, managing director of Thong Sia Group, which is responsibl­e for the distributi­on of Grand Seiko in Hong Kong, Singapore and Malaysia, as he explains the different levels of maturity across the three markets. “Our appeal is much higher, more mature in Hong Kong, because we introduced the Grand Seiko brand 14 here years ago – that’s the reason why we have a very solid customer base. Hong Kong customers are more knowledgea­ble about us.”

When introducin­g Grand Seiko to younger, fl edging markets such as Malaysia, Hui thinks it’s important to reach out to the current pool of Grand Seiko enthusiast­s, rather than adopting a broader approach to capture the wider

group who may not yet be aware of what the brand is about. It’s a strategy that’s much easier to execute in a single- brand boutique, rather than a multi- brand retailer.

While the potential demise of Baselword hogged the headlines in 2019, less publicised at the embattled watch and jewellery fair was Grand Seiko’s unveiling of a pair of hand- wound Spring Drive movements. “As you know,” says Tsuchiya, “Spring Drive is unique and we don’t want to stop our evolution. We won’t take it for granted, and we want to establish it as our main calibre.”

In a 30- piece limited edition, the Spring Drive- powered Grand Seiko SBGZ001, for example, features exquisite snowflake finishing not only on its dial but also on its platinum case, and typifies the brand’s devotion to being distinctly Japanese – a pride in its Japanese origins that translates into beauty of craftsmans­hip. Encased within the SBGZ001 is a 9R02 movement with two mainspring­s set in parallel within a single barrel and using a unique Torque Return System to deliver 84 hours of power. The mainspring­s are contained in a bellflower- shaped barrel inspired by the symbol of Shiojiri, the Japanese city that’s home to Micro Artist Studio, which is responsibl­e for the movement. “We believe our buyers are highnet- worth individual­s who are knowledgea­ble about the difference­s between German, Swiss and Japanese watches,” says Hui. “When we talk about going deeper, we have to let our customers know about our core values. We need to be more active.”

Going deeper also means listening to – and repaying – his customers’ faith in the brand and it’s a responsibi­lity that Hui takes seriously. Because once a client has collected every piece from the Grand Seiko line- up that’s caught his or her eye ( and enthusiast­s of the brand are notorious for their fanaticism and loyalty), there’s only one thing left to do: sign up for a Credor Eichi II. The grapevine has it that the wait is five months minimum, because perfection takes time, but when it comes to exquisitel­y executed simplicity there’s almost nothing in contempora­ry highend watchmakin­g to touch it.

 ??  ?? GRAND SEIKO SPRING DRIVE SBGZ001
GRAND SEIKO SPRING DRIVE SBGZ001
 ??  ??
 ??  ?? GRAND SEIKO SPRING DRIVE SBGC231
GRAND SEIKO SPRING DRIVE SBGC231
 ??  ?? TORU TSUCHIYA
TORU TSUCHIYA
 ??  ?? GRAND SEIKO SPRING DRIVE SBGK005
GRAND SEIKO SPRING DRIVE SBGK005
 ??  ?? WILLIAM HUI
WILLIAM HUI
 ??  ??
 ??  ?? CREDOR SPRING DRIVE EICHI II IN ROSE GOLD
CREDOR SPRING DRIVE EICHI II IN ROSE GOLD

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