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The IWC Portugeiser Automatic Ref. 3531
On September 24, 2002
The IWC Portugieser Automatic
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Because of the size, cost, and rarity of the original–and some might say, real–Portugieser, IWC recently released some smaller Portugiesers, including the Ref. 3531 in either red gold or steel. At a diameter of 35mm and thickness of 8mm, it is a more conventionally sized watch. In the steel version reported on here, the watch carries a retail price of US$4,995. The 18K version is US$7,995. What the Ref. 3531 shares with the original Portugieser is the styling of the dial, which is almost identical in detail; the styling and details of the case; and the sapphire back. What it does not share is the movement.
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PERFORMANCE
Out of the box, the watch showed excellent performance. In daily use, it consistently gained only a second or two a day. Figures from two consecutive days on the Elma Watch-matic timer demonstrated that the watch had been carefully adjusted at the factory. The figures below are the average of the two tests. All rate figures are in seconds per day. Beat error is shown in milliseconds of difference between the contact of the pallet fork with the balance pin and contact of each pallet jewel with the escape wheel. Amplitude is shown in degrees of arc of travel in each direction of balance rotation (averaging the two directions).

Most noteworthy was the very clean trace, the relatively small variations of rate, beat, and amplitude between positions (with horizontal positions typically faster), and the excellent performance in the normally untested position, crown right. The crown right position is sometimes used to “put” errors that cannot be otherwise eliminated from tested positions. The beat was properly set, and the amplitude was strong in all positions (270 degrees would normally be considered minimum acceptable amplitude in the dial up position).
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THE DIAL AND HANDSThe 3531 uses a dial almost identical to the original Portugieser. Classically silvered, it uses a sunk
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SOME
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CLOSING IMPRESSIONS
I find the Ref. 3531 a handsome classic watch, very much in the IWC tradition. It uses a first rate, distinctively finished movement. I believe that the stamped dial is its single failure, though not a fatal one in my opinion. At a retail of US$4,995, the watch is too expensive, regardless of the dial. For example, the wonderful (and much more complex) JLC Reserve de Marche with its 45 jewel caliber 928 lists for US$200 less (US$4,800) in a comparable steel case. At a typical discount price of about US$3,000, however, the 3531 is a reasonable buy. While it is not mechanically unique in any way, it is of very high quality, it reflects a piece of IWC tradition, and its particular aesthetics are not available elsewhere.

In the late 1930′s, IWC received an order from a Portugese customer for a wristwatch the same size and accuracy as a pocket watch. It was delivered, in a steel case. In 1995, IWC released the first contemporary Portugieser, the Ref. 5441. Using the calibre 9828–a 19 jewel “pocket savonnette” movement with a diameter of almost 38mm–it was a very large watch at 43 mm and a thickness of approximately 10mm. It was also priced at US$12,500 in rose gold. The 9828 was derived from IWC’s own older 982 calibre, and is shown in figure 1. It is a beautiful, classically finished movement. The watch quickly became a collector’s item and difficult to obtain.
THE
The
THE CASE
the dial surface) but stamped into the dial and plated. Although it takes a loupe to confirm this, the impression (of softness) is quite apparent with the naked eye. The joint where the bottom of the numeral meets the dial surface is not sharp enough, and the gold plating does not quite extend to the dial surface. Incidentally, the original Portugieser also had a stamped dial, but the upper edges of the numerals (where the sides meet the top) were sharper than on the 3531 and thus give a finer impression. The upper edges on the 3531 are relatively soft. It is possible that the Arabic numerals are too thin to apply, but this seems dubious to me. Oddly, the cabochon minute markers are extremely well done, and, in fact, appear to be applied (set down into the dial) both to the naked eye and under a loupe. They impart the quality that the entire dial should have had and are reminiscent of Patek’s use of cabochon minute markers. In a watch of this cost, IWC should have spent more money on the dial. As stamped dials go, it is very well done. As dials in US$5,000 watches go, it is 
Figure 3 illustrates the classic JLC switching rocker that allows bidirectional automatic winding. Wheels (2) and (3) are mounted together on the rocker. The transfer wheel (1) is driven by the gear on the winding rotor (the latter hidden under the rotor plate at left). When the winding rotor is winding in a counter-clockwise direction (as in this photograph), power is transferred from wheel 1, to 2, to 4, and then on to the mainspring barrel. If the rotor were winding in the clockwise direction, the switching rocker would “switch,” disengaging 2 from 4 and engaging 3 with 4. Wheel 4 would rotate counterclockwise in both cases, allowing it to always wind the barrel.
