IWC Caliber 32111

Brand	IWC
Caliber Number	32111
Manufacturer	Val Fleurier
Movement Type	Automatic, self-winding mechanical
COSC?	No
Jewel Count	21
Total Parts	164
Beat Rate	28,800 bph
Lift Angle	Unconfirmed
Power Reserve	120 hours (5 days)
Rotor Style	Ball-bearing
Rotor Winding Direction	Bi-directional (Seiko Magic Lever style)
Hand-Windable?	Yes
Anti-Shock Device	Incabloc
Silicon Balance Spring?	No
Regulator	ETACHRON
Hand Count	3
Functions	Central hours; central minutes; central sweeping seconds; date at 3:00
Hacking Seconds?	Yes
Finishing	Côtes de Genève
Country of Manufacture	Switzerland, Swiss made
Known Models	IWC Mark XX, Ingenieur Automatic 40 (Refs: IW328901, IW328902, IW328903) (Add your watch to the comments below…)

The IWC caliber 32111 is an automatic movement manufactured by Val Fleurier for IWC (both companies are owned by the same Richemont Group conglomerate of luxury watch brands).

IWC 32111 VS 32110:

There is a similar IWC caliber 32110. It’s so similar, in fact, that IWC displays an image of the 32110 on their website on product pages of watches that are actually powered by the 32111.

The main difference between the two appears to be the power reserve rating, which comes down to the mainspring and barrel used.

• 32111 – 120 hours power reserve
• 32110 – 72 hours power reserve

Another difference is that the 32111 has 164 components and the 32110 has 163.

Both are 3-hander with a date configurations. Both are automatics with 21 jewels. They have the same finishing as well as IWC’s claim that they are “IWC-manufactured” movements.

In-House?

The other big watch publications will proudly put “in-house” in the titles of reviews for IWC watches powered by the 32111. If you’re a longtime reader of Caliber Corner then you should know to take such titles with a grain of salt. With in-house and manufacture being such  convoluted terms, aimed at marketing performance, sometimes it’s best for the community (and the individual collector) to interpret what constitutes as in-house for them – and if it even matters enough to warrant a spot in an article title.In order to reach a conclusion, the facts matter, and are often left out of in-house-in-the-title type posts. As we often ask as CC… whose house?

Is the IWC 32111 made in IWC specific factories?
Apparently not.

Where is the IWC 32111 manufactured?
At la Manufacture Horlogère ValFleurier.

Who owns IWC?
Richemont Group.

Who owns Val Fleurier?
Richemont Group.

Is the 32111 used in any other watches?
Yes, it’s basically a non-COSC version of Baume & Mercier’s Baumatic (also Richemont Group). Which also happens to essentially be the base powering other Richemont calibers such as the Cartier 1847 MC and Panerai P.900.

All of the aforementioned brands using similarly designed movements also calls their “in-house”.

Is the IWC 32111 an in-house movement?
That’s up to you to decide. It depends on whose house… IWC’s house? No. Richemont Group’s? Yes.

Another way to look at it: If IWC is an apartment unit in Richmont’s building, and Val Fleurier is another apartment unit in Richemont’s building, and the movement is made in Val’s place… is the movement an IWC in-house movement?

Additional Resources:

• IWC Ingenieur Automatic 40 press-release (March 27,2023)
• IWC Mark XX press-release (October 4, 2022)
• IWC 32111 online user manual

Note: This caliber listing is still being updated, but feel free to start discussions on it in the comments below…