This is an early production watch by Mercedes Benz, sold at Merc's own accessory shops in the late 1990s.
It is an alarm wrist watch with fully hand-winding mechanical movement.
The dial still imprint with Mercedes Benz brand. The "Alarm" wording was printed in red colour.
Apparently this piece remains the "only" hand-winding alarm wrist watch manufactured under the Mercedes Benz name.
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