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 liberation of the city. In 1945
Joseph Stalin—who wanted to reduce the USSR's dependence on imports from the West—gave the order to the factory to manufacture watches. The first watches were produced in the factory under the brand
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. ==Tourism==