Bhutan crowned its new King Thursday after a two-year wait for the precise moment deemed most auspicious for a successful reign, Associated Press reported. At exactly 8:31 a.m., former King Jigme Singye Wangchuck, 52, placed the Raven Crown on the head of his son, 28-year-old Jigme Khesar Namgyal Wangchuck, giving him the title of Druk Gyalpo, or Dragon King. The elder Wangchuck, who was crowned in 1974, announced two years ago he was abdicating in favor of his Oxford-educated son as part of reforms yielding much of the monarchy's power and transforming the country into a democracy. Although the son has been effectively acting as King since December 2006, the coronation was delayed as court astrologers waited for an auspicious date.