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My understanding is it's their movement. I have it in one I got, C60 abyss, which was about the same price.
https://www.christopherward.com/loupe-magazine/article?cid=our-sh21-movement
skinny
They’re calling it in-house, I don’t know if it’s based on something else. If they’ve created a new movement from scratch I think that more than justifies the price.