Audemars Piguet

1970s Audemars Piguet Ellipse 18K YG "Cal. 2003/1" W/ Engraved Diamond Drop Dial

Although Audemars Piguet may be best known for their Royal Oak series, notably designed by Gerald Genta, AP had a long lineage of interesting timepieces both before the conceptualization of the Royal Oak and after. Primarily consisting of dress models, Audemars Piguet produced some highly collectible chronographs and dress models that were stylistically, in many cases, very ahead of their time.

This awe-inspiring, impressive, and opulent Audemars Piguet Ellipse-style wristwatch is an amalgamation of truly masterful craftsmanship that is assembled in a beautifully dignified and cohesive manner that does well to not venture into the realm of ostentatious or flashy. The case, which is ultra-thin even by today's standards, makes use of the iconic Cal. 2003/1 movement to help deliver a watch under 6mm thick. While in almost every other instance we would jump to celebrate the bracelet as a work of art, and it is and should be celebrated, but the dial of this Audemars Piguet steals the show as a solid piece of engraved gold that is further decorated with diamonds in a whimsical "drop" pattern around the dial.

Stock # AP18KE20031
Brand Audemars Piguet
Style Ellipse
Model N/A
Serial B94XXX
Size Men's / Unisex
Material 18K Yellow Gold
Dial Engraved Gold W/ Factory Diamonds
Millimeters 29x32.5
Bracelet Integrated 18K Yellow Gold Bracelet



The ultra-thing and masterfully crafted 18K yellow gold case is in exceptionally well-preserved condition, with no notable signs of previous polishing or wear present on the case sides or the adorned bezel. The unsigned crown is believed to be original to the watch. The case back retains all of its factory markings in crisp condition. The integrated 18K yellow gold bracelet extends the roping decoration of the case through its seemingly woven construction. The bracelet is in excellent, potentially unsized condition, and shows no stretch. The size of the bracelet is adjustable within the clasp from 7 1/4 to 7 1/2 inches.


The original and incredible solid gold dial is embellished with an engraved pattern and further enhanced with flush diamonds set throughout the dial. The dial itself is in flawless condition, showing no age or damage. The original and attractive gold hands feature a split finish, with a matte texture on the left side of the hand and a mirror polish on the right side of the hand, a technique used to accentuate the hands.


The watch is keeping time, but the service history is unknown. A movement service can be provided upon request.