The beginnings of what made the timepieces of today begins in Germany by a clockmaker by the name of Peter Henlein, the first person to make clock watches which were made as pendants worn by higher society. Out of small bits of iron, he handcrafted these pieces in the early to mid 1500's.
In the 16th century is when the mechanical watch was first designed, which was powered by a winding mainspring and the hands where the hands turned the gears, with a rotating balance wheel. Watches from this era are extraordinarily expensive and difficult to find. The Quartz watch, much seen in the Seiko, Pulsar, and Skagen was first introduced in the 1960's. With a vibrating quartz crystal, very different from the old wind up mechanism, ran on electricity and kept time accordingly. During the 1980's the quartz overtook the mechanical watches, but overall the mechanical watches still maintained the majority of the market.