Piaget watches

wikicollecting

wikicollecting

2015-06-26 10:44:16

Piaget watches are collectible watches produced in France.

History and description of Piaget watches

In 1874 Georges Piaget, a farmer who had trained as a watchmaker, founded Piaget & Company in the little French village of La-Cote-Aux-Fees. His original plan was simply to assemble watches so as to earn extra money for his family during the winter. Little is known about the early years of the company except that it survived so that, on Georges' retirement, his sons took over and ran the business throughout the first and second world wars. Before the Second World War, Piaget watches had been constructed by the company and then sold by other outlets. However, in the late 1940s, Georges' grandsons decided to expand the business, making a new range of wrist-watches which proved very popular, with the Piaget name engraved on the dials.

Foreign markets opened up during the 1950s and Piaget opened offices in the USA, Switzerland and Germany. The company introduced a variety of innovations during this period, such as the ultra-thin 9-line 9P movement. This enabled them to produce a series of thin and elegant watches for men and women. Later, they introduced the 12P movement, which was at the time the thinnest ever watch movement. In the 1970s the watches began to incorporate fine jewellery. A Piaget watch became a decorative item and the company employed more jewellers than watchmakers.

With the advent of quartz technology, the Piaget company made the decision to specialise in dress watches for both men and women, and has maintained this field with great success.

Guide for collectors

It is worth noting that every single part of a Piaget watch, including the dial, is made of solid gold.

There was a spate of counterfeit Piaget watches in the 1980s which required legal action to suppress. However, it is not known how many of the counterfeit items remained in circulation. Also, there are of course imitations constantly being made. Therefore, it is vital that any prospective purchaser verifies that the item he or she is buying is a genuine Piaget watch. Before purchasing, collectors advise having the watch examined by a jeweller or watchmaker who is familiar with Piaget timepieces.

vecollectorsclub.com is a group for collectors of vintage Piaget watches. They can advise on finding an expert to value a potential purchase and on the insurance value of pieces.

bgrayjewelers.com is one example of a company which specialises in the repair of Piaget watches.

piaget.com gives an overview of pieces currently available from the company.

Notable sales of Piaget watches

In June 2005, a men's vintage wrist watch with leather strap was sold by Du Mouchelles for $850.

A Piaget stainless steel men's wrist watch was sold by Pook & Pook Inc. for $275 in February 2008.

A Piaget Stainless Steel lady's watch was sold for $50 in May 2011, by Leighton Galleries.

A lady's white gold and diamond set watch with a turquoise dial was sold by Sotheby's Hong Kong for HK$81250, and a lady's two-colour gold and diamond set watch with mother of pearl dial was sold for HK$118750, also by Sotheby's, both in April 2008.

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