Founded by two friends and business partners in 1875, Jules Louis Audemars, and Edward Auguste Piguet established their company in the small village Vallee de Joux found in Le Brassus, Switzerland. From its conception Audemars-Piguet has been a highly regarded watch company. In 1972 Audemars-Piguet manufactured the first steel watch considered to be luxury, named the "Royal Oak" helping the company rise in prominence within the watch industry. In 1892 Audemars-Piguet produced the worlds first minute-repeating movement In addition to the first skeleton watch in 1934, and last but not least in 1986 Audemars-Piguet released the ultra-thin automatic tourbillion wristwatch (Cal. 2870) being home to some of the thinnest watches ever manufactured.