Audemars Piguet continues to raise the bar as it toasts an illustrious milestone, and while its lineup is plenty eye-catching on its own, the inner specifications of a new Audemars Piguet watch consistently raise the bar, as is the case with its newest Royal Oak timepiece.

Audemars Piguet watches tend to set the pace in the luxury world, at least as far as an impressive blend of bold looks and precise craftsmanship is concerned (there’s a reason Jay-Z, among others, is a fan of the company’s wrist candy). The company notes that with its latest release, “simple is complicated,” and so while its textured dial and visually appealing case might strike the same chord as other Audemars Piguet watches, the end result offers more than meets the eye.

To be more specific: The new Jumbo Extra-Thin Selfwinding Tourbillon Chronograph RD #5 150th Anniversary does the nearly impossible by taking the Royal Oak silhouette and then retooling it with an inner movement that manages to blend both a flyback chronograph and flying tourbillon construction in an impossibly small package.

Accordingly, just 150 units worldwide are available when it comes to the suitably rare timepiece, which Audemars Piguet says “marks a new era of complications, offering a balance of lightness, durability, and brilliance.” The company notably toasted its 150th anniversary with a new green ceramic Royal Oak Offshore this spring, among a suite of other covetable and ultra-exclusive releases. Of this new edition, Bulk Metallic Glass makes up the caseback and bezel, while the sleek 39mm titanium case delivers imperceptible thinness and utterly chic style.

The trademark cushioned geometric AP Royal Oak case is offset by a striking blue “Petite Tapisserie” dial in equally recognizable Audemars Piguet fashion. Its hour markers and its 18-carat white gold luminescent bathtub hands also stand out in handsome and elegant fashion alongside a refined AP script logo. An integrated titanium bracelet finishes off the remarkably rare timepiece in streamlined style, and is another sort of Audemars Piguet signature.

That the watch manages to look and feel as thin on the wrist seems to be a testament to Audemars Piguet ingenuity, while its dual functionality is also exceptionally difficult to pull off at a such a small scale in terms of thickness (the dial is just 8.1mm thick). The all-new Calibre 1800 achieves a degree of precision that’s not to be overlooked.

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As the watchmaker says, the new Jumbo Extra-Thin Selfwinding Tourbillon Chronograph RD#5 150th Anniversary succeeds at “combining technical sophistication, performance and iconic design with a new standard of ergonomic refinement.” As one might expect, pricing information is available upon request for the stunning new Audemars Piguet Royal Oak achievement.

The Audemars Piguet Royal Oak is prized and distinctive enough in its own right (witness the recent Royal Oak x KAWS timepiece, for instance), and the Royal Oak Offshore plays off that lineage while retaining a “beefier, heavier and bolder” look, watch experts note. Since its introduction in the 1990s, the watch experts at Bob’s Watches note that the Royal Oak Offshore has “successfully carved out its space in the luxury watch landscape,” making it a fitting choice for an anniversary-centric timepiece.

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To toast 150 years of Audemars Piguet, the Royal Oak Offshore gets a green ceramic update (above a black ceramic middle case) and a tri-tone design with eye-catching sub-dials. The dial itself (offset by 18-carat white gold hour-markers) boasts a dark green “Méga Tapisserie” finish, and the bezel, pushers and crown receive a shot of deep green.

Equally notable is the textured dark green leather strap, finished with contrast stitching (a black rubber strap is also offered, for those who prefer a more minimal touch). But what’s most notable about the latest AP watch (other than its eye-popping $58,400 price tag) is its bold case shape, 43mm case size and 40-jewel Calibre 4401 movement.

The self-winding movement features a power reserve of 70 hours, as Audemars Piguet notes this “sportive wristwatch presents a bold three-toned design combining black and green ceramic.” As to that distinctive combination, the watchmaker also notes that textured dial “strikingly echoes these hues for a robust yet harmonious design.” With a suitably elevated price tag to match, the latest Audemars Piguet Royal Oak Offshore hints at even bigger things to come from the Swiss watchmaker as it nods to years of timekeeping excellence.