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<br /> If the tunes of ‘Hey Jude’ and ‘Yellow Submarine’ get you to tap your feet and you just can’t stop yourself from humming ‘Back in the <keyword id="69222" type="COUNTRY" weightage="20" keywordseo="USSR">USSR</keyword>’ while it’s played nearby, there is hardly any doubt about your dedication to <keyword id="24243" type="ORGANIZATION" weightage="20" keywordseo="Beatles">Beatles</keyword>. The short lived band of the 70s, Beatles has redefined music of the youth.<br />
<br /> It seems to be redefining fashion now because there’s a watch that has Beatles album names inscribed in the dial. All thanks to <keyword id="376904" type="PERSON" weightage="100" keywordseo="Raymond-Weil">Raymond Weil</keyword>, the bespoke Swiss watchmaker who has introduced the <keyword id="3799007" type="UNKNOWN" weightage="20" keywordseo="maestro-beatles">Maestro Beatles</keyword> limited edition timepiece. Each item is presented with a dedicated watchcase celebrating the music icons.<br />
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An impressive drum with the official Beatles logo decorates the top of the box while the inside features the 13 album titles that are marked on the dial of the limited edition. The watch features a mechanical self-winding movement housed in a 39.5 mm polished steel case.<br />
<br /> Talking exclusively to Business Insider, <keyword id="358985" type="PERSON" weightage="20" keywordseo="Olivier-Bernheim">Olivier Bernheim</keyword>, the owner and president of Raymond Weil, said - “We have been in India for a long time. We have received appreciation across segments and seen a lot of growth opportunities here. The latest limited edition Maestro Beatles celebrates the 40th anniversary of the brand. We have always derived inspiration from music and this bespoke timepiece pays tribute to The Beatles. The limited edition watch is perfect for the die-hard Beatles fan as well as music connoisseurs.”<br />
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“To bring this masterpiece to the Indian market, as well as deepen our engagement locally we have exclusively partnered with Ethos Watch Boutiques and Helios. Our partnership with Ethos is primarily due to their reach and trust and their commitment to promising authenticity and safeguarding customers from various malpractices rampant in the watch industry,” he added.<br />
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<strong>Here’s the best part</strong><br />
The 13 Beatles’ album titles are placed around the bespoke dial, with a special “Help” index at 4 o’clock which recalls the cover of the iconic album released in 1965. The silver galvanic dial matches the polished steel bracelet. It features the official Beatles logo and a date window at 3 o’clock. The case back presents a smoked sapphire crystal that carries the official Beatles logo and the limited edition number engraved. This unique timepiece paying tribute to the legendary Fab Four is limited to 3,000 pieces for India.<br />
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Remember, if you want ot own one of these, you will have to walk into one of Ethos Watch Boutiques.

Raymond Weil’s Beatles themed luxury Swiss watch is every gadget freak’s dream

The shopping scenario in the last couple of years has gone through a massive shift across all segments in India, luxury segment is no different. Luxury goods are becoming more and more affordable and easily available to the consumers.<br /><br />It’s not just the high net worth individuals who are donning the latest trends available in the hi-end segment but with consumers overall are warming up to the idea of E.M.I options for their luxe shopping, jump from hi-street to hi-end has become rather easy.<br />

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<strong>A watching trend<br /></strong><br />When it comes to watches which are a novelty item for most, luxury brands are a favorite.<br /><br />Leading the growth story of watches with 40% <keyword id="34527" type="B2BTAGS" weightage="40" keywordseo="market-share">market share</keyword> online, <keyword id="6354742" type="B2BCOMPANY" weightage="80" keywordseo="Flipkart">Flipkart</keyword> has been witnessing an unusually high demand for premium watches which has been fuelled by an increase in brand awareness and purchasing power of Indian shoppers.<br /><br />According to a recent study released by <keyword id="6355988" type="ORGANIZATION" weightage="20" keywordseo="assocham">ASSOCHAM</keyword>, the luxury retailing will grow at 25 per cent from 2013 till 2018 and is likely to touch $ 18 billion mark from the ongoing level of $ 14 billion by the end of 2018.<br /><br />At Flipkart, the projected growth momentum in this segment has been exceeded where premium watches priced between 15-20K have witnessed close to 250% YoY growth while premium watches priced over 10K have witnessed a 200% YoY growth in sales.

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<br />With the category currently contributing to 10% of the overall watches business, Flipkart aims to increase this to 15% by the end of 2017 which translates into tie-ups with the brands such as Rado, <keyword id="54994" type="UNKNOWN" weightage="20" keywordseo="Tag-Heuer">Tag Heuer</keyword>, Longines, Movado, <keyword id="6368261" type="B2BCOMPANY" weightage="20" keywordseo="Raymond">Raymond</keyword> Weil, Fredrique Constant, Tissot and others.<br /><br /><strong>Ruling roost<br /></strong><br />Men however lead the way at least in this category, “Close to 55% of sales in this category come from metros and tier I cities, with a majority of sales being concentrated in Delhi. Men contribute to close to 75% sales in this category. We aim to maintain this category’s growth momentum by increasing it by 4X times during the upcoming ‘The Big Billion Days’. A couple of exclusive lines with best-selling luxury watch brands too are in the works for the festive sale season,” Rishi Vasudev, Head- Flipkart Fashion told Business Insider.<br /><br />With easy options such as ‘No Cost <keyword id="6357050" type="ORGANIZATION" weightage="20" keywordseo="emi">EMI</keyword>’ and ‘Buy Now Pay Later available for buying luxury goods online, Vasudev credited the rise of luxury watch category to the 'price-conscious' consumers for whom the 'timing' couldn't be better to invest in that hi-end watch they always aspired to buy. <br />

Online luxury watch segment is growing over a whopping 200% in India, Flipkart Fashion Head explains why

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>REUTERS/Lucy Nicholson</span></p><p class="caption">A general view of Tesoro's Los Angeles refinery.</p></div><p></p></div></div>Crude <a href="http://www.businessinsider.com/crude-oil-prices-august-21-2015-8">oil prices are diving</a> to levels we haven't seen in years.</p><p>Gasoline, a product that's derived from refining oil, is also seeing prices fall. But the pace of decline is not near what we're seeing in oil.</p><p>While there is a time lag between when oil is drilled and pumped and when it's refined into gasoline and delivered to consumers, the discrepancy between oil and gas prices has been increasingly significant.</p><p>In one year, gas prices have dropped 23%, from $3.55 a gallon, according to data from the EIA. During that time, oil prices have slid from $94 a barrel to around $40 today, a decline of 57%, nearly double the drop in gas prices.</p><p><div class="KonaFilter image-container display-table"><div><div class="image"><p class="source"><span>GasBuddy.com</span></p></div><p></p></div></div></p><h2>Refining is an intensive, costly process</h2><p>One of the biggest reasons for this discrepancy is what refiners are doing with the crude oil they receive.</p><p>In order to be suitable for a car, crude oil has to go through a refining process. Occasionally these refineries break down or operate below their capacity, creating a bottleneck in supply that causes gas prices to go up.</p><p>According to <a href="http://www.howardweil.com/docs/Reports/WEEKLY%20REPORTS/REFININGReport.pdf">weekly refinery research</a> from Blake Fernandez and Leonard Raymond at energy-investment firm Scotia Howard Weil, however, supply is just fine.</p><p><div class="KonaFilter image-container display-table float_right"><div><div class="image"><p class="source"><span>Scotia Howard Weil</span></p></div><p></p></div></div>Their research shows that refinery utilization in the US is above both the five-year average and 2014 levels, at around 95%.</p><p>Also, refineries in four out of the five regions designated by the EIA are operating above their five-year averages.</p><p>So, like crude oil, it seems that refined petroleum is experiencing a supply glut.</p><p>The difference is that while oil producers are getting squeezed by low oil prices, the refiners are cleaning up on the difference between their oil costs and the selling prices of their refined products.</p><h2>Refiners are cashing in on the crack spread</h2><p>For oil producers, or the upstream businesses, low oil prices mean lower profits. But for refiners, or the downstream businesses, crude oil is a cost. So, if crude oil prices are falling faster than the prices of refined products like gasoline and jet fuel, refiners could actually see profits surge. </p><p>This is all capture in something called the "crack spread," which is the difference between what refiners pay for the crude oil they bring in and the price of the petroleum product as it goes out. This spread, or refining margin, is hitting multiyear highs.</p><p>According to Fernandez and Raymond's report, crack spreads per barrel for East Coast, Gulf Coast, and West Coast refiners are all above their five-year ranges. The Chicago crack spread, while below the five-year high, is above 2014 levels.</p><p>"To-date downstream margins have been supported by declining crude prices largely on the heels of excess supply, while demand has remained robust," said the analysts.</p><p><div class="KonaFilter image-container display-table float_left"><div><div class="image"><p class="source"><span>Scotia Howard Weil</span></p><p class="caption">East Coast crack spread is measured using the cost of six barrels of Brent crude oil and subtracting the price of three barrels of gasoline, two barrels of fuel oil (used mainly for home heating) and one barrel of residual oil.</p></div><p></p></div></div></p><p>The West Coast refining margin has jumped from $16.85 a barrel in the third quarter of last year to $36.47 so far this quarter.</p><p><span>The East Coast spread</span><span> has gone from $8.75 during 3Q of 2014 to $13.45 so far in 3Q of 2015.</span></p><p>Chicago's spread has jumped from $20.55 in 3Q of 2014 to $25.08 so far this quarter.</p><p><span>Fernandez and Raymond explain that p</span>art of this margin widening is due to the fact that some large companies refine their own oil. </p><p>The EIA <a href="http://www.eia.gov/todayinenergy/detail.cfm?id=21692">reported in June</a> that for the first quarter of this year, integrated companies' upstream profits were down 80%, while downstream profits were the highest in years.</p><p>"<span>Profits in the downstream sector, however, were the largest for any quarter since third-quarter 2012, almost $6 billion (95%) higher than in first-quarter 2014, which offset some of the decline from the upstream segment," said the EIA.</span></p><h2><span>Refinery stocks are going bonkers</span></h2><p>Independent refiners are doing very well these days. Valero, an independent US refiner, <a href="http://www.valero.com/InvestorRelations/FinancialReports_Filings_Statements/Documents/VEC_2Q15_10Q.pdf">reported a $1.1 billion increase</a> in earnings in the second quarter of 2015 over last year from refining operations:</p><p>Another refiner, HollyFrontier, <a href="http://investor.hollyfrontier.com/secfiling.cfm?filingID=48039-15-55&amp;CIK=48039">posted operating profits of $589 million</a> in the second quarter of 2015, up from $296 million during the same quarter last year, according to the company's SEC filing. The gain was made despite the fact that the sales revenue for the company decreased 31% year over year for the quarter, to $3.7 billion this year from $5.4 billion last year.</p><p>The company was able to do this in part due to the drop in cost of goods sold, mostly crude oil, for which the company paid $1.8 billion less - all while increasing refinery utilization from 99.1% to 100.7%. This accounted for approximately half of the costs cut for the company in the quarter.</p><p>"<span>Overall gross refining margins per produced product sold increased 20% and 17% over the respective three and six months ended June 30, 2014," said the filing.</span></p><p>So, while the S&amp;P 500 has lost money for investors, refinery stocks have been surging. Check out this chart of refining giants Valero, Tesoro, and Holly Frontier.</p><p><div class="KonaFilter image-container display-table"><div><div class="image"><p class="source"><span>Google Finance</span></p></div><p></p></div></div></p><p>So while the refiners are saving from the lower price of oil, a good portion of that is not being passed along to consumers and is instead being added to the crack.</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/amount-people-cattle-oil-texas-2015-4">These facts about Texas will blow your mind</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="lscWxubTpMckOGeoeVLd_ZvgtbKXxxuD" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

You Searched For "Raymond Weil" and got 3 results

Raymond Weil’s Beatles themed luxury Swiss watch is every gadget freak’s dream

Suchayan Mandal

Online luxury watch segment is growing over a whopping 200% in India, Flipkart Fashion Head explains why

Tanya Dubey

If oil prices are crashing, then why are refinery stocks going bonkers?

Bob Bryan

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