Audemars Piguet is known for many things, and the perpetual calendar is certainly among them. From ultra-thin variants to recent Royal Oak Selfwinding Perpetual Calendar references, the complication has been a cornerstone of the brand’s horological reputation. Earlier this year, AP launched a new generation of calibers designed with ergonomics in mind inside 41mm Royal Oak models. Now, for the first time, that same technology comes in a more compact 38mm case size. That’s right — a 38mm perpetual calendar from Audemars Piguet!

The release marks an important step. Traditionally, perpetual calendars in AP’s collections have been reserved for 41mm cases and above. While not exorbitant, this meant they were for those with larger wrists. By scaling the watches down, the brand opens this classic complication to a wider audience. Three references debut simultaneously — two Royal Oak Selfwinding Perpetual Calendars in steel and pink gold alongside one Code 11.59 in pink gold with a green dial. Join me for a closer look!

38mm rose gold Audemars Piguet Code 11.59 Perpetual Calendar case back and movement

Caliber 7136 and the new caliber 7138

At the heart of these new 38mm perpetual calendars are the calibers 7136 and 7138. Both movements are built on the foundation of AP’s caliber 7121, which itself marked a generational leap for the brand’s automatic movements by integrating perpetual calendar functions on a single plane. This meant that the thickness was kept to just 4.1mm.

The two movements share everything but the week indicator. The 7138, first launched in the 41mm perpetual calendars earlier this year, includes a week calendar, while the new 7136 omits that feature for a slightly simplified display. Both calibers offer AP’s innovative “all-in-the-crown” correction system, eliminating traditional case-side pushers in favor of four crown positions. This makes adjustments easier and avoids the risks associated with correcting the watch at the wrong time of day. Several patents protect this new mechanism.

38mm pink gold Audemars Piguet Royal Oak Selfwinding Perpetual Calendar case back and movement

The construction reflects AP’s broader shift toward user-friendliness in high complications. Whereas perpetual calendars once intimidated collectors with their setting procedures, these movements aim to be more approachable while retaining all horological street cred. Decoration remains top tier, of course, with Geneva stripes, perlage graining, snailing, polished bevels, and a 22K pink gold rotor all visible through display case backs.

The new Royal Oak 38mm Perpetual Calendars

The Royal Oak Selfwinding Perpetual Calendar now comes in a 38mm case for the first time, available in stainless steel (ref. 26684ST.OO.1356ST.01) and in 18K pink gold (ref. 26684OR.OO.1356OR.01). Both have a mere 9.4mm profile and a 50m water resistance rating.

38mm stainless steel Audemars Piguet Royal Oak Selfwinding Perpetual Calendar

The stainless steel model features a light blue Grande Tapisserie dial, matching azurage-finished calendar registers, and white gold hands and hour markers. The pink gold version opts for a warmer beige dial and calendar registers with pink gold markers and hands, accented by a striking blue moonphase disc at 6 o’clock. Despite their distinct characters, both dials follow AP’s reorganized “European” layout, with day, date, and month arranged at 9, 12, and 3 o’clock, respectively, and a 24-hour indication integrated into the day sub-dial.

38mm pink gold Audemars Piguet Royal Oak Selfwinding Perpetual Calendar pocket shot

Both versions house AP’s caliber 7136, the version without a week indicator. Of course, the caliber sits beneath a case back equipped with a sapphire display. In celebration of Audemars Piguet’s 150th anniversary, each model is also offered as a 150-piece limited edition with commemorative details on the moonphase indicator and case back. The brand has added regular-production versions to the collection as well.

38mm rose gold Audemars Piguet Code 11.59 Perpetual Calendar

The new 38mm Code 11.59 Perpetual Calendar

The Code 11.59 by Audemars Piguet collection receives its first-ever 38mm perpetual calendar version (ref. 26441OR.OO.D405CR.01). The pink gold case, with its octagonal middle sandwiched between rounded bezels, is executed in alternating brushed and polished surfaces. With a 10mm total thickness, it pairs its horological prowess with excellent wearability. AP rates the watch’s water resistance at 30 meters, a step below the Royal Oak versions.

38mm rose gold Audemars Piguet Code 11.59 Perpetual Calendar moonphase indicator up close

The dial brings a subtle shade of green with a distinctive embossed motif created in collaboration with guilloché artist Yann Von Kaenel. He manually engraved the stamp used to make these embossed dials. Pink gold markers and hands provide readability against the textured background, while the perpetual calendar sub-dials are neatly integrated. A green rubber strap with an alligator pattern and calfskin lining completes the ensemble.

38mm rose gold Audemars Piguet Code 11.59 Perpetual Calendar dial macro

Unlike the 38mm Royal Oak models, this Code 11.59 runs on the caliber 7138, including the week display. Through the case back’s sapphire window, the 422-component movement reveals its mix of modern engineering and traditional finishing. Limited editions of 150 pieces celebrating AP’s 150th anniversary feature special engravings on the dial and case back. As with the Royal Oaks, the brand has also added regular editions to the collection.

model wearing the 38mm pink gold Audemars Piguet Royal Oak Selfwinding Perpetual Calendar

Initial impressions of Audemars Piguet’s new 38mm perpetual calendar models

Perhaps you already detected some excitement in my tone, but let me put it bluntly: I love the new 38mm perpetual calendar models from Audemars Piguet. I particularly like the Royal Oak versions. Upon seeing the first frontal pictures, I was scared they might come out tubby, but with a sub-10mm thickness, there is no such issue.

38mm stainless steel Audemars Piguet Royal Oak Selfwinding Perpetual Calendar dial macro

The focus on user-friendliness also makes a ton of sense to me. The mighty perpetual calendar complication can be intimidating, but this mechanism makes it much less so. I would still keep the watch on a winder (or, preferably, my wrist), but setting the calendar seems less daunting now.

38mm pink gold Audemars Piguet Royal Oak Selfwinding Perpetual Calendar

Audemars Piguet wants to broaden the appeal of its complicated watches, and I think downsizing and focusing on user-friendliness go a long way. The press materials showcase the watches exclusively on women’s wrists, but I reckon these will speak to many enthusiasts, regardless of gender. They speak to me, at least.

What do you think of the new 38mm perpetual calendar models from Audemars Piguet? Let us know in the comments section below!

Watch specifications

Model
Royal Oak Selfwinding Perpetual Calendar / Code 11.59 by Audemars Piguet Perpetual Calendar
Reference
26684ST.OO.1356ST.01 (steel Royal Oak) / 26684OR.OO.1356OR.01 (pink gold Royal Oak) / 26441OR.OO.D405CR.01 (Code 11.59)
Dial
Light blue or champagne with Grande Tapisserie pattern, azurage-finished sub-dials, white or pink gold applied luminous indexes, and blue moonphase disc (Royal Oaks) / Green with embossed concentric motif, circular-brushed and azurage-finished sub-dials, applied rose gold indexes, blue moonphased disc, and raised concentric-grained rehaut (Code 11.59_
Case Material
Stainless steel (Royal Oak) / 18K pink gold (Royal Oak and Code 11.59)
Case Dimensions
38mm (diameter) × 9.4mm (thickness) (Royal Oaks) / 38mm (diameter) × 10mm (thickness) (Code 11.59)
Crystal
Sapphire
Case Back
Stainless steel (Royal Oak) or 18K pink gold (Royal Oak and Code 11.59) with sapphire crystal
Movement
Audemars Piguet 7136 (Royal Oaks) or 7138 (Code 11.59): automatic winding, 28,800vph, 55-hour power reserve
Water Resistance
50 meters (Royal Oaks) / 30 meters (Code 11.59)
Strap
Integrated steel or pink gold bracelet (Royal Oaks) / Green rubber alligator-textured strap with calf lining and 18K pink gold folding clasp (Code 11.59)
Functions
Time (central hours and minutes, 24-hour indicator), perpetual calendar (day, date, month, week [Code 11.59 only], leap year cycle), and moonphase indicator
Price
26684ST.OO.1356ST.01: US$110,900 (steel Royal Oak) / On request (pink gold Royal Oak) / US$110,900 (Code 11.59)
Special Note(s)
Limited 150th-anniversary editions with subtle distinct details are available for all three models, with each limited to 150 pieces. Regular-production versions are also available.