Schaumburg watch is founded by Frank Dilbakovsky, a youth businessman and watch lover, in Rinteln, northern Germany, in 1998. It was not obsessed with profitability, it produces only about 1,800 watches annually for a very small part of watch lovers who knows the product. It is a mechanical watch with a very high degree of completeness and rare value. The average sales price for Schauburg is NZ$3,052.