
The significance of the watch is in that it is powered by the caliber Luch 2609 -- the only movement designed, developed and put into production (albeit for a very short time) after the dissolution of the USSR.
Unfortunately it is not in production anymore and was made only for a brief time so never got any chance of further improvement and/or modernization. It is rare because so few of them were made, especially compared to the hundreds of thousands (if not millions) of other Soviet movements.

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