The basic tools that are required for watch repair are the following:
A good bench lamp, a workbench, cleaning solvents and magnification tools called eye loops. For actual watch repair you need tweezers, screwdrivers, oil, a knife and different kinds of adhesives. Keep a stone handy for sharpening your screwdrivers, knife and tweezers.
The main tools required for watch repair are tweezers and screwdrivers. Choose a tweezers of style 2 or 3 for watch repair. It is better to use Swiss made tweezers as they are non magnetic and facilitate easy watch repair. And in the case of screwdrivers, the Swiss screwdriver of the color coded set having revolving tops is the best set. If this proves to be too expensive, you can opt for the French, Indian or Pakistan screwdrivers.
It is better to look for watch repair kits that include all of the major and basic tools required for watch repair and they are seldom more cost effective than purchasing each tool separately.
Basic Tools:
lamp
magnification tools
oil
knife
screwdrivers
Swiss made tweezers
tweezers