Founded in 1868 by American watchmaker Florentine Ariosto Jones. Ending up in Schaffhausen as the only watch manufacturer in the north-east region of Switzerland. With the help of modern technology and hydropower they run a factory producing pocket watch movements. After FA jones returns to the US the Rausenbachs take over the company shortly followed by Homberger in 1905.Post war helps the development of and increased demand for every day watches and Albert Pellaton develops an anti-magnetic watch. During the quartz crisis IWC focusses on masterpieces and experiments with materials. Later on IWC became part of the Richemont group along other brands like A. Lange & Söhne, Cartier, Panerai and Jaeger-LeCoultre to name a few.