COSC Annual Report 2023: A Year of Milestones and Innovation
The Contrôle Officiel Suisse des Chronomètres (COSC) has unveiled its Annual Report for 2023, marking a year of significant achievements and transformations. Celebrating its 50th anniversary, COSC reflects on a milestone year that saw record-breaking figures, strategic advancements, and a renewed commitment to precision in Swiss watchmaking. Read on for a few key findings, or read the full report (in French) here.
Celebrating 50 Years of Excellence
The year 2023 was a banner one for COSC as it commemorated half a century of certifying Swiss chronometers. On September 13, COSC hosted a grand celebration at Club 44 in La Chaux-de-Fonds, coinciding with the exact anniversary of its founding. The event, highlighted by the launch of Professor Pierre-Yves Donzé’s new book on horological history, was a resounding success. Industry leaders and enthusiasts gathered to honor COSC’s pivotal role in Swiss watchmaking.
Breaking Records Amidst Challenges
Despite a challenging economic climate and a strong Swiss franc, COSC achieved unprecedented numbers this year:
- Certification Figures: COSC processed a record 2,604,751 pieces, with 2,502,166 certifications issued. These figures not only set new records but also reaffirm COSC’s reputation for excellence in the field.
- Quality Standards: The certification process maintained an impressive 3.6% failure rate, underscoring the superior quality of Swiss horological craftsmanship.
Pioneering Technological Innovations
COSC’s commitment to innovation was evident throughout 2023:
- Enhanced Measurement Techniques: The Saint-Imier laboratory adopted new semi-automatic measurement methods, increasing its daily processing capacity to 800 pieces. This advancement promises to enhance both efficiency and accuracy.
- Upcoming Technological Developments: COSC is in the process of developing a new machine prototype for measurement and winding, with real-world testing expected by the end of 2024. This development represents a significant leap in horological technology.
Strategic Enhancements and Organizational Changes
Several key developments marked COSC’s strategic and operational landscape:
- Leadership Expansion: COSC expanded its team with the addition of Luca Rigazzi as project manager and Sandra Maruccia as administrative assistant. These appointments are part of a broader effort to strengthen COSC’s operational capacity.
- Rebranding Efforts: The organization introduced a new visual identity, featuring an updated logo and color scheme, to align with its forward-looking vision of excellence.
- Digital Security Upgrades: COSC launched a new client web portal and conducted an IT security audit to enhance its digital infrastructure and data protection.
Advancements in Technical Procedures
The Technical Commission, led by Pierre-André Farine, made notable progress in several areas:
- Methodology Updates: The introduction of semi-automatic measurement methods led to revisions in certification specifications and verification processes.
- Vision 2020 Project: COSC made strides in its Vision 2020 initiative, including developing concrete plans and budgets for new machinery and exploring solutions to address atmospheric pressure effects on certification.
Financial and Administrative Oversight
COSC’s financial health remained robust:
- Audit Results: An external audit confirmed that COSC’s financial accounts are in compliance with legal and statutory requirements. The organization continues to benefit from tax exemptions due to its public service role.
Looking Forward
As COSC celebrates its 50 years of success, it remains focused on advancing its legacy of precision and innovation. The organization is poised to continue leading the Swiss watchmaking industry with its commitment to quality and technological advancement.
In conclusion, 2023 was a landmark year for COSC, marked by significant achievements and a forward-looking approach. With a strong foundation and exciting innovations on the horizon, COSC is well-positioned for continued success in the years ahead.
For more information, visit COSC.swiss.
