On June 13, 1987, noted Parisian jewelers Pierre and Jacques Chaumet were taken into custody for bankruptcy, breach of trust, and fraud. The distinguished gentlemen would be convicted of all these crimes, losing control of the House of Chaumet, one of the most celebrated names in jewelry, as well as Breguet, which enjoyed a similar reputation in watchmaking. The story of the rise and fall of Chaumet is even more fascinating for what is not known about the case, however, and what it tells us about the modern aristocracy.
Over 18 years, Parmigiani Fleurier produced just five Bugatti watch models, and I have come to respect their engineering, design, and finishing. With the two companies going their separate ways, it is hard to imagine any other watch company doing justice to the Bugatti name.