Stainless steel case with a stainless steel bracelet set with diamonds. Fixed stainless steel bezel set with diamonds. White mother of pearl dial with luminous silver-tone hands and diamond hour markers. Minute markers around the outer rim. Dial Type: Analog. Luminescent hands and markers. Date display at the 6 o'clock position. Chronograph - three sub-dials displaying: two - 60 second and 30 minute. Day of the week sub-dial at the 6 o'clock position. Quartz movement. Scratch resistant sapphire crystal. Solid case back. Case diameter: 36 mm. Round case shape. Band width: 18 mm. Deployment clasp with push button release. Water resistant at 50 meters / 165 feet. Functions: chronograph, date, hour, minute, second. Additional Info: the diamond stainless steel bracelet is interchangeable with any 18mm. Dress watch style. Michele Signature CSX-36 Ladies Watch MWW03M000203.
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Newsletter - Consolidation and musical chairs
Starting with the news that Jean-Frederic Dufour, the current CEO of Zenith, will be taking over the reins at Rolex at some point in the future. There was also further consolidation in the industry as the acquisitive China Haidian group once again made the headlines with an acquisition, this time of Switzerland's Dreyfuss group, which operates in the medium-range price segment and has aggressive expansion plans abroad, particularly in Asia. Following this takeover, China Haidian now owns a major Swiss company in each of the main price segments. The move also lends further credence to the view expressed by Sowind Group CEO Michele Sofisti, in an interview to be published on WorldTempus tomorrow, that there is "a major battle in the middle segment."
The appetite for consolidation even extended beyond the realm of the major manufacturers and into the online world, with the Digital Luxury Group acquiring the Luxury Society, the online community of top luxury executives. While takeover rumours abounded during Baselworld, we are only just starting to see the results of the discussions that went on behind closed doors during the show.