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A 55th anniversary doesn’t seem quite as important as, say, a 50th or a 60th, but Seiko released a new watch this week—the Grand Seiko Spring Drive Chronograph—that challenges this preconceived notion. Seiko isn’t notorious for releasing extortionately priced or over-the-top watches, and most consumers are familiar with their more accessible products, like the Seiko 5 line. Seiko isn’t often cited as the purest embodiment of haute horlogerie, and it isn’t typically considered to be “luxury.” Enter Grand Seiko.