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But is it likely Zenith invested this much to only produce 250 pieces?

It looks a bit blocky and unrefined. As a re creation it does embody the period from which it’s from. Now perhaps a refined, less chunky, interpretation that channels the era, more vintage than the modern Defy, would be more appealing? Looks friendlier in this pic

Re creation of the 1969 A3642, 37mm with Elite 670 movement Photos from article January 17th 2022

Watch and strap looking good 👍