The story
Founded by Peter the Great in 1721, in Peterhof.1
Founded in Saint Petersburg by Peter the Great in 1721 as the Peterhof Lapidary Works to make hardstone carvings, the factory produced luxury objects in semi-precious and precious stones for the palaces of the Tsars. In the Soviet era, the plant continued to work on precious stones.
During the Siege of Leningrad, the factory was destroyed by Nazi troops. It was rebuilt from 1944, at the city's liberation. In 1945, Joseph Stalin—who wanted to reduce the USSR's dependence on Western imports—ordered the factory to manufacture watches. The first watches were produced in the factory under the brands Pobeda and Zvezda.
In its glory years after the war, the plant employed 8,000 people, produced 4.5 million watches per year for Soviet citizens and the needs of the Red Army. The plant was equipped with two atomic bunkers that could accommodate 8,000 people in case of a Western nuclear attack.
After 1991, the plant dramatically cut production following the troubled years of privatization and the collapse of the Soviet Union.
From Wikipedia’s article on Petrodvorets Watch Factory, shared under CC BY-SA 4.0.4