JBinDC
In a word: No.
From A Blog to Watch (11-12-18)
"Today I’m talking about one of my favorite watches from the now “in hibernation” brand, JeanRichard. Owned by Girard-Perregaux, JeanRichard was a more entry-level brand but that dabbled in much more high-end and interesting products from time to time. Of course, JeanRichard was certainly a luxury timepiece maker, but its intention was to appeal to a younger and not as affluent audience as Girard-Perregaux. It is my understanding that Jean-Richard watches with in-house movements used essentially the same base movements as those produced by Girard-Perregaux."
Read the rest of the article here:
https://www.ablogtowatch.com/jeanrichard-diverscope-lpr-watch-review/
Also here, a 2014 article describing the watch group they were part of at the time:
https://www.watchtime.com/blog/monochrome-monday-introducing-new-jeanrichard-watches-for-autumn-2014/
RayF"Of course, JeanRichard was certainly a luxury timepiece maker"
I've been into watches for two decades and this is probably the first time I hear about this self proclaimed 'luxury' maker. Does one get into "luxury" maker by having inflated MSRP and then discounting the watches by 70-80%?
rumata13It was originally called Daniel Jean Richard, then shortened to Jean Richard. Girard Perregeux created the brand as their less expensive, entry level line (such as Tudor for Rolex). The reason they're so discounted is because GP pulled the plug on the brand and this is stock that's been sitting for years. Trust me, there were people who paid close to retail for these when they first released, obviously they didn't hold their value (same as Girard Perregeux in that sense).