Raketa watches are considered among Russian watch collectors as one of the higher quality watches. They are known for their 24 hour dials and strong military heritage. Although Raketa manufactures many types of watches including pocket watches. These watches were manufactured up until 1995-6, when the Raketa factory went Bankrupt, its huge inventory is still now being sold off a decade later, a classic reason for bankruptcies is high overhead and an over abundance of inventory. This appears to have been the problem as now the Raketa watches which have been for sale for a decade after the factory closed in bankruptcy are finally getting harder and harder to come by. There is talk about the company emerging from bankruptcy in the near future. Here is the proud heritage of Raketa dating back to 1935 manufactured by the Petrodvoretz Watch Factory.

In 1701 the stone working factory was founded according to the regulation of the tsar Peter the Great. Since the beginning of the XIX century the factory has been producing the art pieces made of precious and semiprecious stones, conducted diamond cutting. In 1930 the ruby stars for Moscow Kremlin towers have been produced by the factory.