Grand Seiko Elegance 'Karasawa' 'Morning Glow' Limited Edition SBGY035

Could the Grand Seiko SBGY003 be the one of the best Grand Seiko's released up until this point? We think that you could definitely put the argument forward.

Released in 2019, the Elegance series is perhaps our very favourite line from Grand Seiko, combining perfect proportions, compelling dial options, and manually wound movements to provide the perfect take on the daily-dress watch.

While we love all references within the Elegance series, the SBGY035 may just be the best. Released as a limited run of 700 units in 2024, it uses a manually-wound version of the innovative movement that has made Grand Seiko famous the world over, which allows the case to come in at a slender 10.2mm. The proportions are phenomenal, with the curvature of the case and lugs that seem to wrap around the bezel making for an almost-cushion shaped case that feels very organic on the wrist.

While we think the case is phenomenal, the dial is absolutely breathtaking, and what makes this exact reference so sought after. Executed in a magnificent auburn hue, this colour sits atop a base pattern which is similar to that of the 'Rock' dial variants. It essentially looks like a mountain range, with a texture inspired by autumn sunrise foliage over the Karasawa Cirque in the Hotaka mountain range. It provides an amazing depth to the dial, amplified by it's gentle curvature toward the case. Combined with the mesmerising sweep of the gold seconds hand, it's a joy to behold.

The movement itself is also very special. Known as the 9R31, it's a manually wound version of the Spring Drive, with a 72 hour power reserve thanks to twin barrels, a brushed backplate, chamfered/polished anglage edges around jewels, blued steel screws, and a wonderfully integrated power reserve display. It’s all topped off with a handmade HANDDN leather strap on steel deployant.

This particular example was sold new in 2025 and presents in TZ 'Good' condition. The case and bezel show swirlies and minor scratches. There's a small scuff on the bezel near 12, and another near 7, and the reason for the 'Good' rather than 'Very Good' grading according to the TZ scale is the presence of a small ding on the left side of the case where the brushed section meets the polished case back, and some small flea bites running along the bevels.  Please see images for full condition details.

Remains under the balance of manufacturers warranty, and operating as it should.

Comes with outer box, inner case, warranty card dated January 2025, and instruction booklet.

Manual wind spring drive, svelte Elegance case and an unbelievable dial. Is it a perfect GS? If it isn't, it's very close to.

Brand: Grand Seiko

Reference: SBGY035

Circa: 2025

Case Material: Stainless Steel

Case details: 38.5mm

Strap: HANNDN Black Leather on Grand Seiko Deployant

Movement: Spring Drive Caliber 9R31

Dial: Auburn

Hands: Zaratsu polished steel

Paraphernalia: Outer box, inner case, warranty card dated January 2025, and instruction booklet

TZ Grading: Good

Watch Vault utilises the TZ grading system. Please see below for details.