Breguet Chronograph Lapis Lazuli

About this reference

The Breguet Classique Chronograph reference 3237 was produced from approximately 1991 through the early 2000s. This 36mm 18k yellow gold model is valued for its Lemania 2310-based movement, designated as the Caliber 533.1, which features high-level finishing and a column-wheel architecture. While standard 3237 models typically feature silvered guilloché dials, this specific variant utilizes a natural lapis lazuli stone dial, characterized by its deep blue color and pyrite inclusions. The case retains traditional Breguet design elements, including a coin-edge middle, straight lugs with screw-pins, and a sapphire display caseback. On the secondary market, standard 3237 models trade between $20,000 and $30,000, but stone-dial variants command a significant premium due to their rarity, often reaching the $50,000 to $80,000 range. A notable auction result occurred at Phillips in 2023, where a yellow gold lapis lazuli example realized approximately $82,000.