Petrodvorets watch factory Raketa is one of the oldest factories in Russia. Its history dates back to the establishment in 1721 by decree of Peter I of the Peterhof lapidary works. After the October Revolution of 1917, the factory produced precision industrial stones for the USSR Military Department and the Red Army. Over the years, the factory manufactured various products from tops for umbrellas and canes, mosaic for the throne of the Naval Cathedral in Kronshtadt, tombs for the Peter and Paul Cathedral to ruby Kremlin stars. In 1949, the plant was restored after the Great Patriotic War and began producing watches Pobeda (Victory) and Zvezda (Star) and in 1954, the factory was given its present name Petrodvorets Watch Factory. Since 1961, the plant has been producing watches for civilians, as well as for polar explorers, cosmonauts, undersea boatmen and for the Army and Navy. By 1980, the annual output of the factory reaches about 4 500 000 watches.
Currently, the factory serves the aviation, marine, scientific and industrial sectors of the country, as well as directly produces watches of the Raketa and Svet brands and watches for other brands.
The postage stamp provides images of the Raketa Classic watch and the historic building of the factory in Peterhof.