The watch industry is awash with too much news to cover. Each week, we’ll break down everything worth knowing. This week: Jaeger-LeCoultre’s new worldtimer is a world-first, a million fake watches are confiscated, Zenith gets a new CEO and more.

A World First in Worldtimers

Ahead of SIHH, Jaeger-LeCoultre has taken the wraps off one of its newest creations: the Geophysic Worldtimer Tourbillon. The watch is based on the Geophysic Worldtime JLC first released in 2015, but for the first time the watchmaker has put a flying tourbillon inside it and cased it up in platinum. Not only is this a first for Jaeger-LeCoultre, it marks the first time ever a tourbillon and world time complication have been combined in one watch.

Fake It ‘Till They Confiscate It

The Federation of the Swiss Watch Industry (FH) says approximately one million fake watches were confiscated in 2016. The majority were seized in China, though thousands of others were reportedly found in Russia, Dubai and Turkey. FH says it has increased monitoring on the internet and social media networks to spot ads for counterfeit timepieces. We happen to know a guy who’s pretty good at just that.

Greubel Forsey’s First Repeater

Haute watchmaker Greubel Forsey also revealed one of its timepieces before next week’s SIHH, its first-ever repeater watch. The Greubel Forsey Grand Sonnerie, in addition to having a minute repeater complication, also features a tourbillon and a power reserve, and comes in a titanium case that’s just over 11mm thick.

Zenith’s New CEO Looks Familiar

Aldo Magdala recently stepped down as CEO of Zenith watches, with LVMH Head of Watchmaking and current TAG Heuer CEO Jean-Claude Biver taking his place in the interim. Hodinkee recently had a word with Mr. Biver as to why. Essentially, Zenith has had trouble increasing turnover and profits, and Biver — perhaps the watch industry’s equivalent to Theo Epstein — has had success turning around the fortunes of brands like Blancpain, Omega, Hublot and TAG Heuer.

The Omega Speedmaster ‘Speedy Tuesday’

Based on #SpeedyTuesday, Omega’s new limited-edition Speedmaster pays tribute to its loyal online enthusiasts with a new reverse “panda” dial design. A shame only 2,012 are being made, with all of them claimed within hours of the reveal.

Found: 1970 Omega Speedmaster Mark II

If you missed out on your oportunity to order a “Speedy Tuesday” Speedmaster, might we suggest a Speedmaster of a different vintage. This 1970 Speedmaster Mark II is near identical on the inside to the modern-day Speedmaster Professional, but comes with a very ’70s rounded case.