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When I spoke recently with Yoni Ben-Yehuda from NYC-based luxury watch and jewelry boutique Material Good, he was sure the golden age of swag happened during the '70s and '80s: "The big conglomerates have the most resources for merch and the least appetite. The more popular the watches, link the less exciting the merch."

A watch is an expression of your taste and personality, Schmid explained. "There are people that buy brands because they think it will elevate or compliment their personality. And there are people that buy products for the actual product itself. They don't care too much link about what others will think if they wear it." He believes that Lange exists very much within the latter framework. "And so we don't place emphasis on brand awareness."