Price for Craft (PFC) index - An attempt to give meaningfulness to watch prices
As a watch enthusiast, I often struggle to find meaningfulness in the prices of some brands. Is a higher watch price always related to longer hours of delicate, handmade craft manufacturing spent on it? Not sure. Therefore, I am hereby proposing what I call the Price For Craft (PFC) index, which attempts to give an answer to that. Aim of this article is to show readers that for different watch price ranges, the level of handcrafted production (number of watches produced per employee thus level of delicacy handcrafting or mass production) may vary greatly from one brand to another for a same price range. That way, some brands appear more worth to buy than others as more handcrafted produced, for a same price range. This, apart from the personal tastes of the buyer, differences in caliber precision (roughly similar), and assuming (without being too mistaken I think) that the admin and R&D staff of the brands will be a fixed share being proportional to their turnover. To do this, ...