Each year, luxury watchmakers convene in Geneva with ambitions of taking home prizes from the Grand Prix d’Horlogerie de Genève. Established in 2001, the event brings in competition from the likes of Bulgari, Chanel, Fabergé, Hublot, Tag Heuer, Montblanc, and Piaget. This year, the awards ranged from Ladies High-Tech Watch Prize (won by Fabergé) to Sports Watch Prize (won by Tudor) to Innovation Watch Prize (won by Antoine Preziuso). Yet, not all awards carry the same cachet, and the one that all watchmakers hope to walk away with is the prestigious Aiguille d’Or Grand Prix.

This year’s ultimate prize went to Greubel Forsey for its Tourbillon 24 Secondes Vision. Unveiled for the first time in Geneva, the Tourbillon 24 Secondes Vision won over an international panel of 26 judges. Highlights of the masterfully crafted timepiece include 288 moving parts and a fast-rotating 24-second tourbillon (the small, circular device in some watches that aims to counter the effects of gravity by mounting the escapement and balance wheel in a rotating cage). The watch was also designed to be viewed at a 25-degree angle, a feat that’s highly complicated to engineer (most watches are positioned at the same plane as the wearer’s wrist).

The limited-edition watch (just 22 will be produced) is priced at $325,000. For more information visit gphgrg/horlogerie/en .