Fine Watches: To celebrate the one-year anniversary of the Patek

Philippe Salon at Tiffany & Co.s famed Fifth Avenue flagship in NYC

next month, the two companies are producing a new limited edition

diamond and gold ladies wristwatch. Only 100 examples are being made,

priced at $21,800 apiece, equally divided between two dial options: a

white lacquered dial with black external minute railroad and a black

lacquered dial with white external minute railroad.

The Gondolo design is inspired by Patek Philippe and Tiffany & Co.

timepieces from the 1930s and features a curved, tonneau-shaped case in

18 karat white gold accented with 164 round brilliant-cut diamonds, a

lacquer dial with classic guilloche pattern, Arabic numerals and black,

hand-stitched alligator strap. The timepiece is double-signed Patek

Philippe and Tiffany & Co. and will be sold exclusively through

Tiffanys Patek Philippe Salon, the renowned Swiss watchmakers first in

the U.S. and fifth worldwide.