Design Your Watch "Online"

Apr 28, 2007

Design Your Watch "Online"

Looking for the perfect watch? The Internet has a wealth of resources to find just the right accessory for your wrist — new, gently used, antique, or custom-made.

With the variety and vintages of watches available and the intense interest shown by watch collectors and enthusiasts, finding an ideal timepiece on the Web has never been easier at well-known sites like Amazon.com or eBay.

But smaller watchmakers are tapping into the Web with a novel proposition for buyers: a custom-designed watch, built-to-order and delivered in 10 days.

Operating without retail outlets in a town on the outskirts of the Swiss watch making city of Geneva, 121TIME has built an online store — www.121time.com — offering customized and personalized certified Swiss watches.

“We are special,” said Daniel Morf, one of 121TIME’s co-founders. “Technology now enables the consumer to create his or her own watch.”

Building your own products is not new to the Web. Shoe maker Nike Inc. allows buyers to customize and order shoes and apparel through its NIKEiD Web site nikeid.nike.com.

But in watch making, like with other jewelry, most people want to be able to hold the product in their hands to see how it feels, so Web-based watch design has only recently taken root.

In terms of sales, 121TIME’s are minuscule compared to the 13.7 billion Swiss francs ($11.36 billion) worth of watches exported last year by iconic Swiss watchmakers such as Rolex, Patek Philippe, Jaeger-LeCoultre, Panerai, Omega, Vacheron Constantin and Swatch.

Morf and 121TIME co-founder Frederic Polli say they have sold about 10,000 watches since 2001.

With prices in the range of roughly $300 to $1,000, it doesn’t translate into much, but the two say their Web platform allows them to expand the business and sell to a global market, avoiding distribution deals that inflate watch prices.

Source: reuters