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IWC have used ETA/Valjoux movements for a long time. They only just replaced the ETA in their Mark XX last year, and it’s still an outsourced movement, just a different supplier that they’re calling in-house.
Not that it really matters but I’m 99% sure that Sandstrom has a 2824-2 in it. It’s not a bad movement at all, it just doesn’t really make sense to call it an IWC movement.
Is that not just an ETA 2824-2? Not that there’s anything wrong with a 2824.