
Precision Engineering AG (PEAG) has kept a low profile since its founding by dental implant magnate Thomas Straumann in the early ‘aughts. PEAG’s main customer is their sister company H. Moser & Cie, but they now supply many other independents. I only noticed this after seeing back-to-back Gronefeld, HMC, and MB&F posts on here with the same distinct stud carrier.
The catalog includes screw-poised-screw-regulated, smooth-cam-regulated, and smooth-screw-regulated balance wheels. One of their specialties is solid gold escapements, which you can see used by Dewitt, ARTIME, and Laurent Ferrier, but they’re best known for their double hairspring assortments, seen on the MB&F, ARTIME, and Laurent Ferrier.
Besides plug-and-play assortments, PEAG also sells raw hairsprings, which are very difficult to find a supplier for these days. This is great for maniacs like Kari, who insist on folding their own Philips terminal curves.
This is exactly why I find myself increasingly disappointed with independent watchmakers. I honestly wonder why we continue to use this term. "Independent"... or shouldn't we? I mean, more and more, they seem to be dependent on third parties - sometimes for design, sometimes for marketing, sometimes for components, and sometimes for the finishing of parts. Of course, the degree of dependency varies, but some are heavily reliant on external sources for almost everything.
I would rather support someone like Aaron Bexei, who may only produce a handful of watches per year, but at least they are entirely crafted by him. With the majority of so-called independent brands, it often seems that 80% of the watch is sourced from elsewhere, and they merely assemble the parts - or in some cases, they don’t even do that anymore.
Take 'Ming', for example. They make cool watches, but do they actually do anything themselves other than the design? Everyone has their preferences, but for me, this approach just doesn’t hold the same appeal (anymore). Honestly, today I’d rather own a Zenith from the LVMH group, a JLC from Richemont, or a Breguet from Swatch. At least with those, you know that almost everything is made in-house, given they have the resources, machines, and capabilities to do so.
Against the idea
Assembly vs. Creation: Some independent brands are more akin to assemblers than true watchmakers. They source most of their components from external suppliers and focus primarily on design and marketing. This approach can dilute the authenticity of their independence, as they are not deeply involved in the actual creation of the watch.
Homogenization: The increasing reliance on common suppliers like PEAG could lead to a homogenization of independent watchmaking. If multiple brands are using the same components, it becomes harder for them to distinguish themselves from one another.
Conclusion:
The debate over the true independence of watchmakers is complex and multifaceted. On one hand, the reliance on specialized suppliers like PEAG allows independent brands to produce high-quality, innovative watches that might otherwise be out of reach. On the other hand, this reliance can undermine the authenticity and uniqueness that are central to the appeal of independent watchmaking. Ultimately, the definition of "independence" may need to evolve to reflect the realities of modern watchmaking, where collaboration and specialization are often necessary for survival and success.