You might heard commonly used terminology like ”Swiss Made”, ”Swiss Movement” and ”Swiss Parts”. You can see often ”Swiss Made” and sometimes ”Swiss Movement” in your watch dial. These terms can be a little bit confusing and you might have been thinking proper meaning of those. Timemachine.fi explains background of these terms so after reading this post, you will be even more clever!
There has been new regulation put into place in on 1.1.2017 what qualifies ”Swiss Made” watch. New regulation is more strict than before and it is regulated by Federation of the Swiss Watch Industry (FH). Regulation aim is to improve protection of ”Swiss Made” label and watch manufacturing in Switzerland. This way low-cost watch brands have harder to get ”Swiss Made” label into watch dial. Previous regulations are downloadable from Federation of the Swiss Watch Industry homepage: http://www.fhs.swiss/eng/swissmade.html
Explanation of Swiss Made, Swiss Movement and Swiss Parts by NEW regulation:
Swiss Made Watches:
its movement is Swiss
its movement has been cased up in Switzerland
final inspection by the manufacturer took place in Switzerland
at least 60% of the manufacturing costs is generated in Switzerland
have been assembled in Switzerland
have been inspected by the manufacturer in Switzerland
at least 60% of the manufacturing costs must be generated in Switzerland
at least 50% of the value of all the constituent parts, but excluding the cost of assembly, must be of Swiss manufacture
“Swiss Parts” Movement
A watch is a “Swiss Parts” if the movement is not assembled in Switzerland, but still consist Swiss made components. Normally these types of watches are assembled in Asia or USA. There is no example of "Swiss Parts" seeing in dial. There is no marking on the watch dial like those of "Swiss Made" and "Swiss Movement" watches. Generally when buying a watch made with "Swiss Parts" you will only see this detail in the watch description.