Ulysse Nardin has announced the launch of a new platinum watch to celebrate the 75th birthday of its owner and president, Rolf Schnyder.

The limited edition Freak Diavolo, of which only 75 will be sold across the world, is an innovative timepiece which will also feature Mr Schnyder's signature on the case.

Mr Schynder expressed his satisfaction at leading the firm to the forefront of the Swiss watch making industry after snapping it up in 1983.

"Almost 30 years ago, I bought Ulysse Nardin, a calculated risk as I believed there was a strong chance that unique, innovative mechanical watches could thrive and it turns out I was right," he said.

"I fell in love with this grand old brand and our new innovative direction."

The Freak design is renowned for its Carousel Tourbillon without crown, while also having no hands or dial and boasting a Dual Direct escapement made from silicum.

Ulysse Nardin was founded in 1846 and has traditionally been best known for manufacturing marine chronometers.

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Ulysse Nardin to release limited edition platinum watch (10/09/10)

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