Newswire

Swiss watchmaker Frédérique Constant Genève announced a 52 percent growth in sales for the first six months of 2007. It cited a return to sales growth in North America and continuing strong growth in Western Europe, Russia, and Asia. Over the past 10 years, Frédérique Constant has had an annual growth rate of 25 percent to 30 percent. It produces 60,000 timepieces annually. Fiftieth-anniversary limited-edition Omega Speedmasters sold for twice their estimates at a July charity auction in Germany, at Berlin’s famed KaDeWe department store. The event was organized by Antiquorum, a leading horological auctioneer. The four Speedmasters were a white gold (which sold for $63,000), a pink gold ($48,000), a yellow gold ($48,000), and a stainless-steel model ($21,000). Proceeds from the Speedmaster 50th Anniversary auction went to children’s charities. A stainless-steel Rolex moonpha
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