How Rolex Makes a New Watch: The Story Behind the Land-Dweller

It takes Rolex five to seven years to create a new watch model, I just learned.
It's March 24 and I'm sitting in the Geneva headquarters of the most important watchmaker in the world, with the platinum version of its brand-new, not-yet-announced Rolex Oyster Perpetual Land-Dweller in my hands. It's a fresh entry in a lineage that includes such legends as the Datejust, the GMT-Master II, the Submariner and the Cosmograph Daytona. The Land-Dweller, which also comes in steel and rose gold, looks a bit like a Datejust—with a glittering fluted bezel, a cyclops bubble over the date window and a metal bracelet with a mix of link sizes and textures. Of course, on second glance, any aficionado will see there's a world of difference. More on that later.

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70 rhinos reared at controversial captive breeding farm set free in Rwanda

Editor's Note: Call to Earth is a CNN editorial series committed to reporting on the environmental challenges facing our planet, together with the solutions. Rolex's Perpetual Planet Initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action. Transporting the world's second largest land mammal halfway across the second largest continent isn't exactly easy. But in a 3,400-kilometer (2,100-mile) journey that involved crates, cranes, trucks, and a Boeing 747, 70 captive bred southern white rhinos were moved from South Africa to Rwanda's Akagera National Park in early June as part of an initiative to 'rewild' them. 'Moving 70 rhinos across the continent is high-risk stuff,' Martin Rickelton, the head of translocations for African Parks, told CNN. So far, the animals appear to be doing well in their new home. 'All reports are good,' Rickelton adds. The creatures, which can weigh over 2,000 kilograms (more than 4,000 pounds), originated from a controversial breeding program started in the 1990s by property developer John Hume. Hume, who spent years lobbying for the legalization of the rhino horn trade, amassed stockpiles of horn, obtained by trimming them without harming the animals, with the aim of flooding the market to driver poachers out of business and to fund conservation efforts. But he ran out of money, and with the horn trade still banned under international law, he put the rhinos up for sale in 2023. He told Agence France-Presse (AFP) at the time that he'd spent around $150 million on the project – with surveillance being the largest cost. 'I'm left with nothing except 2,000 rhinos and 8,000 hectares (20,000 acres) of land.' He didn't receive a single bid. African Parks — a conservation nonprofit that manages 23 protected areas across the continent — stepped in to acquire for an undisclosed sum what was the largest rhino captive breeding operation in the world, with plans to 'rewild' the animals over 10 years. The translocation marked the first cross-continental move for African Parks' Rhino Rewild initiative. 'It's a very important milestone,' says Taylor Tench, a senior wildlife policy analyst at the nonprofit Environmental Investigation Agency US, who wasn't involved in the relocation. 'This is definitely a big development with respect to African Parks' efforts.' Today, there remain only about 17,000 southern white rhinos in Africa and they're classified as 'near threatened' on the International Union for Conservation of Nature's Red List. That means the 2,000 southern white rhinos that African Parks bought, and plans to spread around the continent, comprise more than 10% of the remaining population. Although the international trade of rhino horn has been banned under the Convention on International Trade in Endangered Species (CITES) since 1977, demand from consumers in Asia who see it as a status symbol, or falsely believe it can cure ailments ranging from hangovers to cancer, is still driving poaching. Poachers sometimes kill a rhino outright, or tranquilize it before cutting off its horn, sometimes hacking off a large portion of the animal's face, leaving it bleeding to death. In South Africa, where the majority of the population lives, 420 rhinos were poached in 2024. More than 100 were killed in the first three months of this year. Tench says that rhino poaching was rampant in the continent from 2012 to 2015, and a 'lot has been accomplished since then.' He added that Kenya lost no rhinos last year and that poaching has dropped significantly in Zimbabwe. Today, poaching is mostly concentrated in South Africa and Namibia, he says. To better address the issue, Tench says more government resources should be dedicated to addressing the organized criminal networks behind the poaching and international trading of rhino horn, and to increased international cooperation. Rickelton says there are a number of future relocation projects in various stages of discussion and planning. He adds that a strong framework is in place to ensure the locations that receive the rhinos provide a suitable habitat, security to keep the animals safe, and enough funding to care for them. The move to Akagera National Park took more than a year and a half of planning and approvals. And the cost of moving each rhino, including three years of monitoring and management afterwards, is about $50,000 (the move was backed by the Howard G. Buffet Foundation). The animals were first moved from the breeding program facility to the South African private game reserve Munywana Conservancy, to expose them to conditions more like Akagera. 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Rickelton adds: 'It's a story of hope in a world of not too much positive.'

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2 days ago

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Gold heads for weekly fall as fewer Fed rate cut prospects weigh

Gold prices fell on Friday and were on track for a weekly decline, as an overall stronger dollar and the prospect of fewer U.S. interest rate cuts offset support from rising geopolitical risks in the Middle East. Spot gold slipped 0.5% to $3,355.49 an ounce, as of 0245 GMT, and was down 2.2% for the week so far. U.S. gold futures shed 1% to $3,371.80. "Right now there's a lot of fluid situation in the Middle East that causes traders not to take any aggressive position both on the long side and the short side of the trades of the spectrum," said Kelvin Wong, a senior market analyst, Asia Pacific at OANDA. The conflict in the Middle East intensified on Thursday when Israel bombed Iran's nuclear sites, while Iran fired missile and drone strikes on Israel, including an overnight attack on an Israeli hospital. Neither side has signaled an exit strategy. President Donald Trump will decide in the next two weeks whether the U.S. will get involved in the Israel-Iran air war, the White House said on Thursday, raising pressure on Tehran to come to the negotiating table. Meanwhile, Trump reiterated his calls for the Federal Reserve to cut interest rates, saying the rates should be 2.5 percentage points lower. The Fed held rates steady on Wednesday, and policymakers retained projections for two quarter-point rate cuts this year. "Macroeconomic developments, particularly steady yields and renewed USD strength, have not supported the (gold) price," analysts at ANZ said in a note. "Rising inflation expectations and the Fed's cautious stance have weighed on market expectations around the number of rate cuts this year." The dollar was set to log its biggest weekly rise in over a month on Friday. A stronger greenback makes gold more expensive for other currency holders. Elsewhere, spot silver slipped 1.6% to $35.82 per ounce, while palladium fell 0.7% to $1,042.92. Platinum fell 1.5% to $1,287.47, but was heading for its third straight weekly rise.

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2 days ago

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Brent futures down nearly $2 after U.S. delays decision on direct Iran involvement

Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but they were still poised for a third straight week in the black. Brent crude futures fell $1.89, or 2.4%, to $76.96 a barrel by 0255 GMT. On a weekly basis, it was up 3.8%. The U.S. West Texas Intermediate crude for July - which did not settle on Thursday as it was a U.S. holiday and expires on Friday - was up 53 cents, or 0.7%, to $75.67. The more liquid WTI for August rose 0.2%, or 17 cents to $73.67. Prices jumped almost 3% on Thursday as Israel bombed nuclear targets in Iran, and Iran fired missiles and drones at Israel after hitting an Israeli hospital overnight. The week-old war between Israel and Iran showed no signs of either side backing down. Brent futures trimmed previous session gains following the White House's comments that President Donald Trump will decide whether the U.S. will get involved in the Israel-Iran conflict in the next two weeks. "Oil prices surged amid fears of increased U.S. involvement in Israel's conflict with Iran. However, the White House press secretary later suggested there was still time for de-escalation," said Phil Flynn, analyst at The Price Futures Group. Iran is the third-largest producer among members of the Organization of the Petroleum Exporting Countries, extracting about 3.3 million barrels per day of crude oil. About 18 million to 21 million bpd of oil and oil products move through the Strait of Hormuz along Iran's southern coast, and there is widespread concern the fighting could disrupt trade flows in a blow to supplies. "The "two-week deadline" is a tactic Trump has used in other key decisions. Often these deadlines expire without concrete action,.. which would see the crude oil price remain elevated and potentially build on recent gains," said Tony Sycamore, analyst at IG.