00:00How strict component allocation policies
00:02restrict access for independent watchmakers.
00:06The Swatch Group cuts off independent workshops,
00:09denying raw balance wheels and hairsprings entirely.
00:13Independent watchmakers cannot restore vintage timepieces
00:16without restricted factory replacement components.
00:19This component rationing drives collectors
00:22to secondary auction platforms,
00:24where market prices frequently double retail value.
00:29Controlled scarcity keeps prices permanently inflated,
00:32as Swiss manufacturers strictly manage component allocations.
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