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Independents

Tim, a great answer

 

You have managed to  clearly perceive this argument and explain it. 
One missing  comment is on the cost of the watches in question. From a USA perspective the price has greatly increased, this has more to do with exchange rates and a drop in the value of the US currency than price increases by independent watchmakers.

Roger Smith is manufacturing, in house, with his equipment, by himself and his staff everything required for his watch including the dial and case.
The only items he is purchasing from specialist houses are, the jewels, mainsprings, hairsprings and the glasses for the case and that is it !
Roger is manufacturing, in house with his own equipment the Co-Axial escapement and the balance.

I dont think any of the other makers in this discussion actually manufacture all their components including the case and dial, so to compare them to each other strictly from a cost perspective is unfair to all of them.

David

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