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GENEVA-Watch auctioneer Antiquorum will host a thematic auction featuring Omega watches, dubbed "OmegaMania," during the Swiss watch shows this spring, in tribute to the brand's wide range of models that are representative of 20th century watchmaking. The event will be held April 14 and 15 at the Mandarin Oriental hotel du Rhône in Geneva.

Two private Omega collections are featured in the 300-lot auction catalog, which boasts everything from prize-winning chronometers and military watches from both world wars to the earliest diving watches and the more recent Co-Axial escapement, housed in a limited edition split-seconds chronograph.

The watches are valued at a range of prices. Omega's Seamaster 300, a 1957 diving watch is estimated at $1,200 to $2,500, while the Observatory Tourbillon, a rare silver wristwatch with a 7min30 tourbillon regulator, is estimated at $80,000 to $122,000.

The watches will be part of a pre-auction tour, with stops in New York Feb. 12 to 13 and in Los Angeles Feb. 16 to 17. For details, www.omegamania.com

The Omega Speedmaster of Matting, 1972, no estimate, top, was a copy of the watch astronaut Thomas Mattingly wore on the moon. Above: 1938 Omega Aviator, valued at $5,000 to $6,500.

The latest of Omega's timepieces is the De Ville Hour Vision, which was launched last week at the newest Omega store located in TriNoma mall - only the company's second boutique after 60 years in the country. Its first is located in Glorietta in Makati. Omega watches can also be found in retail shops like Lucerne, Chronos and Prestige.

In a presentation during the launch, Omega Vice-President and head of product development Jean-Claude Monachon introduced the De Ville Hour Vision to the media and a smattering of politicians, to the sound of what else but Queen's "One Vision."

Mr. Monachon described the De Ville Hour Vision as an ideal of "performance and beauty" with 202 completely redesigned components showcased in the rhodium caliber 8500 and rhodium and 18 carat red gold caliber 8501. Both calibers are COSC (Controle Officiel Suisse des Chronometres) certified chronometers.

Kang, who arrived in the United States as a student in 1974, was running a stand at the rough-and-tumble Maxwell Street Market when an undercover Chicago police officer stopped by in October 1984 and purchased some fake Rolex and Omega watches, according to a spokesman for the U.S. attorney's office.

A South Barrington man said he had all but given up hope of clearing his name when word arrived that President George Bush had pardoned him Tuesday for selling cheap knock-off watches at the old Maxwell Street Market in Chicago nearly 25 years ago.

"I didn't believe it," said James Won Hee Kang, 66, a naturalized citizen born in South Korea who owns a golf shop in Morton Grove.

Former Illinois Gov. George Ryan, now serving a prison sentence on federal fraud, racketeering and related charges, was not on the president's clemency list.

Before leaving for the holidays Bush also commuted the prison sentence of a drug offender and granted 18 other pardons.

Kang, who arrived in the United States as a student in 1974, was running a stand at the rough-and-tumble Maxwell Street Market when an undercover Chicago police officer stopped by in October 1984 and purchased some fake Rolex and Omega watches, according to a spokesman for the U.S. attorney's office.

Charged in U.S. District Court with one count of trafficking in counterfeit goods, Kang was sentenced by a federal judge in May 1985 to a year's probation. He paid a $5,000 fine, and records show he was released from probation in good standing just a month later.

"I told customers these were not real," Kang said, adding that he sold "toy" Rolexes for just $7. "We were not fooling anybody."

But he said he pleaded guilty and paid the fine because it was just the easiest way to deal with federal agents. He thought that would be the end of it.

In 1989, Kang helped form Foster Bank, which was founded by Korean-American businessmen and catered to that community. He served on the board of directors and later was on the loan committee.

A reorganization several years later triggered background checks by the Federal Deposit Insurance Corp., according to Kang's lawyer, Kie-Young Shim of Northbrook.

The old charge turned up, and Kang was forced to leave the board.

"He was a hardworking Korean-American," Shim said. "He worked 10, 14 hours a day."

Shim, a longtime friend, suggested that he apply for the pardon to clear his name -- and his record. They applied for the pardon in 2002.

"I forgot about it," said Kang, who is married and has a son.

Then the unexpected news arrived from the president of his adopted country.

Christmas is bound to be special this year for Kang, who is active in Immanuel Presbyterian Church in Long Grove.

Asked if the pardon was a good present, he said, "Yes! Yes!"

Habit, the nationally recognized Chicago boutique dedicated to championing emerging local designers, is closing its doors Saturday after five years.

Habit owner Lindsey Boland sent an e-mail notice to customers Wednesday announcing that she was shutting down the shop.

Boland, a clothing designer who trained with Cynthia Rowley in New York, opened the store at 1951 W. Division St. in September 2005 with high hopes of turning the spotlight on local talent. She handpicked clothing and accessories that independent designers created in small quantities, aiming to rely on Chicago designers alone for half the store's inventory.

Habit joins a growing number of high-profile Chicago boutiques that have closed this year in the wake of the recession as well-heeled shoppers cut back on spending.

Ultimo, a longstanding fixture on Oak Street, closed in January. Designer Maria Pinto, a favorite of first lady Michelle Obama, shut down her wholesale business, including her West Loop retail store, in March. And Jake filed for bankruptcy and closed its store in March amid a swirl of controversy.

Habit is offering 40 percent off of its inventory through Saturday, accepting cash only for purchases, according to its Web site. It is also selling the fixtures and antiques that gave the boutique its art-gallery aura.

Boland couldn't be reached for comment.

Time for Omega's Debut: Omega, the timekeeper for Olympians and astronauts, is opening its first Chicago boutique on North Michigan Avenue, sources said.

The store is slated to open in November at 909 N. Michigan Ave. in the space occupied by Italian shoe boutique Fratelli Rossetti, which recently closed.

The Swiss luxury watchmaker, owned by Swatch Group, operates dozens of Omega-branded stores around the world, but only recently committed to a U.S. expansion.

The 162-year-old watch brand store debuted in New York last year with a two-level flagship on Fifth Avenue, the company's only freestanding U.S. boutique. That store touts private selling rooms and a coffee bar on the first floor, while the second level houses the collections and the watchmaker workroom.

Omega President Stephen Urquhart told Women's Wear Daily in April 2009 -- at the New York store opening -- that he plans to open Omega boutiques across the U.S. and is looking at Nevada, Texas and Florida.

An Omega-branded store in Beverly Hills opened in 2006 and subsequently closed.

Omega officials didn't return calls for comment.

Omega watch is the official watch for the Olympics and NASA. And it unseated Rolex as the watch for superspy James Bond when Pierce Brosnan appeared with an Omega in the 1995 film "GoldenEye."