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Rolex Yacht-Master 40 Chocolate Dial Rose Gold & Steel Watch 116621-0001

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The story of the Moscow gold: How the Spanish war was lost

Francisco Olaya 'El Oro de Negrin'

(Ediciones Madre Tierra, Mostoles 1990)

This book is the product of almost thirty years investigation, involving examination of thousands of books and pamphlets, around a million documents, and the combing of 32 archives in Spain and beyond. Olaya's work is an attempt to come up with a satisfactory explanation of the denouement of the Spanish civil war. He is highly critical of the leadership of the PSOE (Socialist Workers Party of Spain, now in power) during the civil war.

In great and documented detail Olaya examines the whole topic of what has hitherto been known as the 'Moscow gold' and which he re-christens 'Negrin's gold', gold to the tune of 5,500 million pesetas (1937). About half of this sum wound up in the Soviet Union. A small portion went to France. The remainder passed to the republican government's purchasing commissions, set up by Indalecio Prieto of the PSOE to obtain war material.

In 1954 Jose Peirats was commissioned by the CNT -in-exile to write his monumental five volume 'La CNT en la revolucion espanola'. In the course of his researches he was accorded access to documentation belonging to the CNT and in London in the keeping of Polgare. When Polgare died in 1957, access to the documents was offered to Olaya by CNT colleagues aware of his researches. Among the documents, he discovered copies of 52 letters written to Negrin by his special agent, identified only as 'C'.

One of the reports from 'C' is an account of an exchange between Salvador do Madariaga (the philosopher and original wartime Ambassador to Britain) and the British Foreign Minister, in which British preoccupation with helping the Francoist side was evident. Olaya, using textual clues, attempted to Identify 'C'.

At first Olaya suspected one Calvino, who had figured in all the Purchasing Commissions ('C' had complained of corruptions by these commissions). Calvino however denied this and further investigations led Olaya to conclude 'C' had been PSOE luminary Celestino Alvarez. This was confirmed to him by two agents who had been operating on behalf of the CNT - FAI in Paris at the time. Further inquiries led Olaya to records from Turkish customs and cargo checks (by a French secret agent) of shipping that passed through the Dardanelles en route to Spain with foodstuffs and war materials. Olaya lists this information in an appendix to his book.

A record of the accidental discovery (at the bottom of a crate of goods being returned to the USSR as defective or unusable) of gold led Olaya to query the conventional account of the shipment of Spain's gold reserves to the USSR 'for safe keeping'. Other seemingly unrelated evidence led to the conclusion that, aside from the usual shipments, gold was removed from Spain via the diplomatic pouch to Prague and, also, unrecorded, aboard other vessels.

Olaya holds that the war was lost by the republic due to corruption in the Purchasing Commissions plus the failure of Negrin and Prieto (when so informed by 'C') to take remedial action.

Olaya argues that half of the gold reserves were was sent to the USSR and half to France, partly for their use of the Purchasing Commissions and partly to open accounts in the name of specific individuals… an account in Negrin's name held 390 million francs, one in the name of Julio Lopez Masegase held 198 millions. Olaya's book details all these. He says that so far no account has been taken of the assets seized from Franco's supporters, reckoned at almost three times the value of the gold held in Spain's treasury.

Franco was later able to recover a part of what had been described as Negrin's personal treasure. Negrin's ability to realise the value of his gold in France makes nonsense of the claim that gold had to be removed to the USSR for safekeeping. Olaya states: 'I wanted to check out everything sold by C who was Negrin's informant on activities taking place abroad but I wanted confirmation from other sources. To my surprise, I was to amass a wealth of documents that confirmed and expanded upon the whole business'.

In 1988 Olaya's book in manuscript was a finalist for the 'Espejo de Espana' prize awarded by Planeta publishers. However, Planeta refused to publish it, as did all of the other major publishers in Spain. As a result, the book has been issued by Ediciones Madre Tierra (Mother Earth) of Mostoles. Its author claims: 'The book is based on documents and we are not championing any interests or making partisan propaganda, merely telling the whole truth'.

The book's appearance has coincided with a PSOE desire to sell itself to the electorate under the slogan of '100 years of Integrity with the Socialist Party'. Olaya himself has explained 'it may appear that the book has emerged at an opportune time, but no, that is mere coincidence'. ~ Paul S.

In KSL: Bulletin of the Kate Sharpley Library No. 1 [1991]

• Negrin Lopez, Juan (1887-1956)
• Olaya, Francisco
• Partido Socialista Obrero Espanol PSOE
• Russia / Russian Empire / Soviet Union
• Spanish Revolution and Spanish Civil War SCW

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• Revision 6 : Post from the Camps [1 August 1939] .
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Ferretti Group announces its presence at Moscow Boat Show 2013

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Written by Zuzana Bednarova

The Ferretti Group, one of the world top companies specializing in the design, building and sale of motor yachts, with an amazing portfolio of eight of the most exclusive and prominent brands, is thrilled to announce its participation in the Moscow Boat Show 2013. From 12 to 17 March, two of the Group fleet’s most successful yachts will be presented as absolute premieres for the Russian market: motor yacht Ferretti 530, representing Ferretti Yachts , and the 27-foot Iseo superyacht tender by Riva .

Ferretti 530 Yacht to make her Russian premiere at Moscow Boat Show

This year’s Moscow Boat Show will also offer the Ferretti Group the opportunity to announce all yachting enthusiasts in Russia and Northern Eurasia a new important achievement in its international growth: the renewal of its exclusive dealership agreement for the Russian Federation with its partner Premium Yachts , one of the leading dealers operating in the boating sector in Russia , which will represent the Ferretti Yachts , Pershing , Itama , Bertram , Riva e Mochi Craft and Ferretti Custom Line brands.

The agreement – which was officially announced today during a press conference attended, among others, by Ferruccio Rossi (Ferretti Group’s CEO), Alexey Kurochkin (Premium Yachts’s President), and Stefano Campanelli (Sales Manager for the EMEA area for Ferretti Yachts, Pershing, Itama, Bertram, Riva, Mochi Craft and Ferretti Custom Line) – is part of Ferretti Group’s strategy for a further expansion on the European markets offering the best short/medium-term growth perspectives, also thanks to the financial soundness regained following the strategic partnership forged with the Weichai Group.

More specifically, the Russian boating market holds a great potential for the Ferretti Group’s development because of the rapid growth of average wealth among the population and an increasing interest for Made in Italy luxury goods, like Ferretti Group yachts.

Through the renewal of the agreement with Premium Yachts, the Group will further strengthen its highly selected distribution network – which currently includes approximately 60 dealers ensuring the best possible customer care in more than 80 countries worldwide – as well as its presence in the traditional EMEA ( Europe , Middle East , Africa ) area, one of the three macro-regions (besides the America and the Asia-Pacific) into which the Group’s sales structure is divided.

Moreover, in a medium/long-term perspective, the Ferretti Group is expecting an increasing interest on the Russian market not only for flying bridge yachts above 70’ in length, but also towards smaller crafts, both flybridge and open/coupé ones, which are particularly suitable for river cruising or pleasure boating in Russia’s large lakes. Consequently, the renewal of the dealership agreement with Premium Yachts also allows to look ahead at the future aiming to conquer new market segments where less competitors are currently present in terms of both products and geographic location.

The press conference, which was held today at the Lotte Hotel in Moscow, had also the objective of introducing attending journalists and yachting enthusiasts to the main new products launched by the Ferretti Group over the last few months, namely: motor yacht Ferretti 870 , Ferretti 690 yacht , and the project of the new flagship Ferretti 960 superyacht for the Ferretti Yachts brand; luxury yacht Pershing 82 ’ and superyacht Pershing 108’ New Edition for Pershing; Riva 63’ Virtus and the project of the new Riva flagship, 122’ Mythos yacht , as well as the entire range of the Itama, Bertram and Mochi Craft brands.

The yachts launched over the last few months by CRN – the Group’s brand specialising in the construction of steel and aluminium yachts between 40 and 90 metres – were also presented during the conference: the two superyachts: CRN superyacht Jade (60 metres long) and CRN mega yacht Chopi Chopi (80 metres long), the latter being one of the largest pleasure vessels ever built in Italy and the largest one ever built by the Ancona-based shipyard.

“The renewal of our dealership agreement with an important partner like Premium Yachts – which has worked on the Russian market for almost 10 years and can boast an outstanding product knowledge and an excellent local market penetration – and the presentation of the Group’s latest models are an integral part of our development strategy on the EMEA markets offering the best growth perspectives in the short-medium term,” stated Ferruccio Rossi, Ferretti Group’s CEO. “The Moscow Boat Show 2013, which has now reached its sixth edition, will extend over approximately 45,000 square metres this year and will be attended by more than 350 international boating companies. This Show represents an interesting business opportunity for us and an unmissable event in terms of visibility, since we are identifying a considerable growth potential in this area thanks to the timeless attractiveness of our products – true ambassadors of Made in Italy production all over the world”.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "Ferretti Group announces its presence at Moscow Boat Show 2013".

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.css-1c7en8u{font-size:clamp(1.375rem, 1.25rem + 0.3125vw, 3.125rem);line-height:1.1;margin-bottom:1rem;} Yacht-Master 40 .css-1g7r01k{font-weight:300;font-size:clamp(0.875rem, 0.9375rem + 0.1563vw, 1.25rem);line-height:1.2;text-wrap:balance;}.css-1g7r01k span{display:block;} Oyster, 40 mm, Everose gold Reference 126655

View in night mode

Staying on course

The Oyster Perpetual Yacht-Master 40 in 18 kt Everose gold with an Oysterflex bracelet.

Diamond-paved dial, optimal brilliance.

Diamonds, sapphires, rubies, emeralds – the noblest and most precious stones are selected to grace Rolex timepieces. The brand has in-house expertise and equipment enabling it to bejewel any model in its catalogue.

Experienced gemmologists first select gemstones of the highest quality. For this, they can rely on their own seasoned judgement as well as state-of-the-art analysis equipment. The stones are then entrusted to the gem-setters, who skilfully place each precious stone onto the watch by hand, one by one, assuring precision to within hundredths of a millimetre. Such stringent tolerances guarantee that each stone shines with optimal brilliance and is perfectly aligned with those around it. These time-honoured gestures, which may be repeated many hundreds of times, ensure that each gem-set watch produced by Rolex sparkles with exceptional intensity and reflects the standard of excellence required by the brand.

Bidirectional Rotatable Bezel

Timing the distance.

The Yacht-Master’s bidirectional rotatable 60-minute graduated bezel is made entirely from precious metals or fitted with a Cerachrom insert in high-tech ceramic. The raised polished numerals and graduations stand out clearly against a matt, sand-blasted background.

This functional bezel – which allows the wearer to calculate, for example, the sailing time between two buoys – is also a key component in the model’s distinctive visual identity.

The Oysterflex Bracelet

Highly resistant and durable.

The Yacht-Master’s new Oysterflex bracelet, developed by Rolex and patented, offers a sporty alternative to metal bracelets. The bracelet attaches to the watch case and the Oysterlock safety clasp by a flexible titanium and nickel alloy metal blade.

The blade is overmoulded with high-performance black elastomer which is particularly resistant to environmental effects, very durable and perfectly inert for the wearer of the watch. For enhanced comfort, the inside of the Oysterflex bracelet is equipped with a patented longitudinal cushion system that stabilizes the watch on the wrist and fitted with an 18 kt Everose gold Oysterlock safety clasp. It also features the Rolex Glidelock extension system, designed by the brand and patented. This inventive toothed mechanism, integrated beneath the clasp, allows fine adjustment of the bracelet length by some 15 mm in increments of approximately 2.5 mm, without the use of tools.

18 kt Everose gold

An exclusive patent

To preserve the beauty of its pink gold watches, Rolex created and patented an exclusive 18 kt pink gold alloy cast in its own foundry: Everose gold.

Introduced in 2005, 18 kt Everose is used on all Rolex Oyster models in pink gold.

More Yacht-Master technical details

Reference   126655

Model case .css-plfq1t{--iconSize:12px;--iconStrokeWidth:2px;height:var(--iconSize);position:relative;width:var(--iconSize);}.css-plfq1t::before,.css-plfq1t::after{background:currentColor;content:"";display:block;height:var(--iconStrokeWidth);left:0;position:absolute;right:0;top:50%;-webkit-transition:-webkit-transform 0.6s;transition:transform 0.6s;will-change:transform;}html.prefers-reduced-motion .css-plfq1t::before,html.prefers-reduced-motion .css-plfq1t::after{-webkit-transition:none;transition:none;}.css-160voq8 .css-plfq1t::after{-webkit-transform:rotate(90deg);-moz-transform:rotate(90deg);-ms-transform:rotate(90deg);transform:rotate(90deg);}.no-js .css-plfq1t{display:none;}

Oyster, 40 mm, Everose gold

Oyster architecture

Monobloc middle case, screw-down case back and winding crown

Bidirectional rotatable 60-minute graduated bezel with matt black Cerachrom insert in ceramic, polished raised numerals and graduations

Winding crown

Screw-down, Triplock triple waterproofness system

Scratch-resistant sapphire, Cyclops lens over the date

Water resistance

Waterproof to 100 metres / 330 feet

Perpetual, mechanical, self-winding

3235, Manufacture Rolex

-2/+2 sec/day, after casing

Centre hour, minute and seconds hands. Instantaneous date with rapid setting. Stop-seconds for precise time setting

Paramagnetic blue Parachrom hairspring. High-performance Paraflex shock absorbers

Bidirectional self-winding via Perpetual rotor

Power reserve

Approximately 70 hours

Flexible metal blades overmoulded with high-performance elastomer

Folding Oysterlock safety clasp with Rolex Glidelock extension system

Diamond-paved

Highly legible Chromalight display with long-lasting blue luminescence

Certification

Superlative Chronometer (COSC + Rolex certification after casing)

Learn how to set the time and other functions of your Rolex watch by consulting our user guides.

Yacht-Master 40

Contact an Official Rolex Jeweler

Only official Rolex jewelers are allowed to sell and maintain a Rolex watch. With the necessary skills, technical know-how and special equipment, they guarantee the authenticity of each and every part of your Rolex and help you make the choice that will last a lifetime.

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