Nick Hayek, chief executive officer of Swatch Group AG, pauses during a news conference to launch the Sistem51 automatic watch movement at the Baselworld watch fair in Basel, Switzerland, on Thursday, April 25, 2013. The annual fair attracts 2,000 companies from the watch, jewelry and gem industries to show their new wares to more than 100,000 visitors. Photographer: Gianluca Colla/Bloomberg via Getty Images