The first mechanical timepieces were being made across Europe in Germany, France, Italy and the Netherlands around the 14th century and were originally worn as large necklaces. The luxury watchmaking trade developed in Geneva decades later, with artisan goldsmiths birthing creations of intricate filigree, engravings and complex miniature mechanics. These exquisite designs are historically a representation of class and social status—and this remains true today. In an age where smartphones—thanks to satellite technology—are considered to be the most accurate time-keeping models, the market for Swiss-made luxury watches is still...