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Germany's Glashuette is beating Switzerland

Its watchmaking industry produced more than 32,000 watches last year, according to analyst estimates

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(Above) Zeitwerk Striking Time being assembled at the A Lange & Soehne factory.
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"We're a very well-kept secret, almost like stealth wealth," said Mr Schmid.
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(Above) Richard Lange Tourbillion "Pour le Merite".
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(Above) Datograph Up/Down Flyback.

Zurich

THE German village of Glashuette doesn't look like much: just a handful of streets stretching up and down a narrow valley from a bare station platform, where trains depart once an hour for the 45-minute trip to Dresden. Scratch a bit deeper, though, and you'll find that the town of