5 facts about Apple Watch

There are three Apple Watch collections, Apple Watch Sport (left), Apple Watch and Apple Watch Edition.Cupertino, Calif.--Apple has unveiled its long-awaited entry into the “smartwatch” category, a timepiece it is simply calling Apple Watch, but remains mum on exactly where it will sell its latest introduction. 

The technology giant debuted the rectangular-shaped wristwatch, which CEO Tim Cook said is the “most personal device” the company ever has created, alongside the iPhone 6 and iPhone 6 Plus at an event held Tuesday at Apple headquarters in Cupertino. 

The long-talked-about device, officially unconfirmed by Apple until Tuesday and previously dubbed the “iWatch” by the media, has been the subject of much speculation. 

Many in the jewelry industry are wondering how its launch will impact sales of traditional, but not “smart,” watches priced at $1,000 or less, speculation heightened by the July revelation that Apple has added a TAG Heuer executive to its team.

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There also have been questions about who exactly will get to sell Apple’s new watch, with National Jeweler columnist Jan Brassem asking in his May column if the timepiece could be carried by some of the nation’s thousands of jewelry retailers.

While Apple revealed many details of its new watch’s design and functionality Tuesday, an Apple spokeswoman told National Jeweler that the company is not yet announcing where Apple Watch will be available. 

Here is what’s known about the device at this point.  

1. There are three collections for the timepiece: Apple Watch, Apple Watch Sport and Apple Watch Edition, which includes timepieces in custom alloys of 18-karat yellow or rose gold. It is available in two different sizes, 38 and 42 mm, with retail prices starting at $349. It will be available to consumers in early 2015. 

2. Cook said the watch is synchronized with the Universal Time Standard and is accurate within plus or minus 50 milliseconds. It is battery powered and charges using a system that combines Apple’s MagSafe technology with inductive charging. 

3. It is a smartwatch with many functions. Wearers can reply to text messages on their Apple Watch using Smart Replies (common, built-in quick responses) and dictation, or use Handoff--Apple’s capability that transfers user activities among multiple devices associated with the same user--to start a message on the watch and finish it on an iPhone. It also answers calls to the iPhone and has an