Marcolin for a collection of men's and women's optical frames and sunglasses. In March 2022, Omega collaborated with sibling company Swatch, both of which are owned by The Swatch Group, to release a budget version of its iconic Omega Speedmaster Moonwatch. The so-called "MoonSwatch", available in 11 colors, is made of bioceramic (a mixture of ceramic and castor oil) and priced at $260 / £207, well below the $5,250 price (as of March 2022) of the least expensive Omega Speedmaster Moonwatch. Watch manufacturing Notable inventions and patents In 1892, Louis Brandt, the founder of Omega, manufactured the world's first minute repeating wristwatch in collaboration with Audemars Piguet, which provided the minute-repeating movement. The 18K-gold watch is now kept in the Omega Museum in Biel/Bienne, Switzerland. In 1947, Omega created the first tourbillon wristwatch calibre in the world with the 30I. Twelve of these movements were made, intended for inclusion in the observatory trials in Geneva, Neuchâtel and Kew-Teddington, and they were known as the Omega Observatory Tourbillons. Unlike conventional Tourbillion movement's whose cages rotate once per minute, the 30I's cage rotated one time each seven and a half minutes. In 1949, one of these delivered the best results ever recorded by a wristwatch up to that time. A year later, Omega broke its own record in the Geneva Observatory Trials of 1950. In 1999, after the successful development of Calibre 2500, Omega made history by introducing the first mass-produced watch incorporating the coaxial escapement — invented by English watchmaker George Daniels. Considered by many to be one of the more significant horological advances since the invention of the lever escapement, the coaxial escapement functions with virtually no lubrication, thereby eliminating one of the shortcomings of the traditional lever escapement. Through using radial friction instead of sliding friction at the impulse surfaces the coaxial escapement significantly reduces friction, theoretically resulting in longer service intervals and greater accuracy over time. On January 24, 2007, Omega unveiled its new Calibres 8500 and 8501, two coaxial (25,200 bph) movements created exclusively from inception by Omega. On January 17, 2013, Omega announced the creation of the world's first movement that is resistant to magnetic fields greater than 1.5 Tesla (15,000 Gauss), far exceeding the levels of magnetic resistance achieved by any previous movement - a similar movement was used by Daniel Craig as James Bond, though the official collectors watch was labelled as resistant to