Two Tone Waltham 1892 Royal

A rare and very attractive size 18 1892-Royal Two Tone from 1896/7 just finished restoration. It is pendant set and the Swiss Lever movement has 17 Jewels and a Breguet sprung cut compensating balance with single roller.

Probably as much that is known about the production history of this  grade and model is on this specialist site so I will not repeat it here.