Wednesday, July 16, 2008

Luxury Watchmaker Jaeger-LeCoultre and DiCaprio Raise Funds for Environmental Awareness

The “Time to Care” Program, initiated jointly by the Swiss luxury watch company Jaeger-LeCoultre and actor Leonardo DiCaprio, will benefit the Leonardo DiCaprio Fund at the California Community Foundation.
Fund-raising efforts for the Leonardo DiCaprio Fund, which promotes environmental programs worldwide, will focus on two unique Jaeger-LeCoultre luxury timepieces that will be part of a limited series. Jaeger-LeCoultre announced that the watches feature technology never used before.

The luxury watches will be presented at the new Jaeger-LeCoultre Boutiques in Boca Raton and Beverly Hills, which will open this summer and fall respectively.

The first piece for sale will be a one-of-a-kind Master Compressor Extreme Lab, worn by DiCaprio to the premiere of his documentary, "The 11th Hour." This piece, which is valued at approximately $300,000, will be engraved with Leonardo DiCaprio's signature. The watch, which is made of carbon fiber and titanium, is said to feature an automatic tourbillon, two time zones, a pointer-type AM/PM indication at 12 o'clock and a patented jumping date display between 15 and 16 linked to local time. This concept watch is reportedly resistant to extreme temperatures of -40 degrees to +60 degrees Celsius.

The second timepiece for sale, a one-of-a-kind edition of the Reverso Gyrotourbillon 2, is valued at approximately $400,000. It is reported to contain a state-of-the-art, first-ever spherical tourbillon. The Reverso Gyrotourbillon 2 contains over 371 parts and was specially created ths year to commemorate the 175th anniversary of Jaeger-LeCoultre.
By: Rachel Lieberman, Israel Diamond Industry Portal

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