Shri Nathji used to
wear a Favre Leuba watch. In 1990, Shri Nathji gives his old Favre Leuba watch
of brass to HH Priya Nath and asks him to put it on, saying:
“Try putting on this
watch, it is auspicious.”
HH Priya Nath takes
it but reluctantly. Shri Nathji has had this watch for over 50 years and it is
still in a very good condition.
There is a photograph
taken in 1990 which shows the Favre Leuba watch on Shri Nathji’s wrist. A close
up of the watch is taken from the same photo.
The history of
Favre-Leuba begins in 1718, when watch enthusiast Abraham Favre decided to
become a watchmaker. His profession was soon recognized, and his manufactory
was officially registered in 1737. In 1814, Abraham Favre's grandson
Henry-Auguste went into partnership with Auguste Leuba, a watch dealer from
Buttes in the Val-de-Travers. The business remained in the Favre family for
eight generations, until 1969, when the quartz revolution greatly increased
competition for the company's relatively expensive mechanical watches.
The brand was among
the first to be introduced to India, where it gained great popularity. During
British times there were very few watch brands available in India. Favre Leuba
was one of them and the most popular one. The wrist watch segment was available
in India till late 70’s. As well, it is the most popular watch in India even
today. It was a very popular and affordable brand in India before the advent of
HMT in 1961-62. The Sea King and Sea Chef are the last two models which were
available in India till a few years back. Notable Favre-Leuba watches include
the Bivouac (1962), which had a barometer/altimeter, and the Bathy (1966), a
diving watch, both of which are now collectors' items.
Favre-Leuba, one of
the largest companies of its time, passed through different hands such as
Benedom SA and LVMH before finally regaining its independence in 2003. On
November 16, 2011, Titan Industries acquired Favre-Leuba for €2 million. But
now there is latest news that Titan Industries is looking at selling off Swiss
watch brand Favre-Leuba. The decision comes after the company felt that
developing Favre-Leuba brand in India would take almost a year, while their own
Swiss label, Xylys will help them grow in the lucrative premium segment.
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