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The IWC Portugieser Chronograph Blue Panda Might Be The Collection’s Highlight

A slight evolution of a classic that changes it A LOT.

| By Brice Goulard | 5 min read |
IWC Portugieser Chronograph Blue Panda IW371620

If there’s one watch that can be called a classic at IWC, it has to be the Portugieser Chronograph. One of the earliest models to be launched after the rebirth of the range, it succeeded the Portugieser Rattrapante with a simpler movement but almost identical design. And since its launch in 1998, with the exception of minimal design evolutions and a new movement, it hasn’t changed a bit – and for the best. Recently, however, IWC presented a new duo of Portugieser watches with Panda blue dials. And now that we’ve managed to see it in the metal, I can tell you that there’s a lot to love in what appeared at first as a negligible upgrade. 

Let’s start with a brief historical reminder. The original IWC Portugieser was born in the 1930s, following the request of two Portuguese merchants (named Rodrigues and Teixeira), who wanted the precision of IWC’s deck clocks in wristwatch format for sailing. But that’s not what really matters here. The other significant moment in the life of this emblematic watch occurred during the late 1990s. First, the brand (under the guidance of Günter Blümlein) released the all-important reference 3712, with a doppelchronograph movement created by Richard Habring. In 1998, three years after the introduction of the Chronograph Rattrapante, IWC launched a classic automatic chronograph edition, the reference IW3714. The design was identical; only the movement changed.

IWC Portugieser Chronograph 3714 vs 3716
Two versions of the classic silver/blue IWC Portugieser Chronograph – the 2020 reference 3716 on the left and the 1998 reference 3714 on the right

The beauty of the Portugieser Chronograph lies in its timeless nautical look, with sleek lines and the minimal bezel surrounding an oversized dial. It’s clean, simple, and casual, with just the right dose of elegance. A watch that has changed in decades and that still looks superb. The only evolution that can be reported throughout its life occurred in 2020 when IWC launched the reference IW3716. Design-wise, almost nothing changed. Mechanically, it was time for a new proprietary movement with various upgrades.

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IWC Portugieser Chronograph 3716 in-house movement

As for the steel version of the IWC Portugieser Chronograph, four main models have long been available: the all-time classic silver dial with golden accents; the nautical-inspired silver dial with blue accents; a black dial with rhodium-plated accents; and a blue dial with rhodium-plated accents. If I am honest, I’ve always thought that the silver/blue edition was not only the most relevant in this nautical context but also the best-looking of them all. I’m slightly biased since I own the IW3714 with this dial myself… And there wasn’t a single edition to change my mind, up until this summer, and the launch of a new model, still with a light-coloured dial and blue accents… However, some small updates to the dial colours and finishing, as well as a new strap, undoubtedly brought a fresh look.

IWC Portugieser Chronograph Blue Panda IW371620

Known as the IWC Portugieser Chronograph Blue Panda edition, this watch seems, at first sight, to just introduce a new colour on the sub-dials. Wrong… There’s more to it. I know I’m getting slightly enthusiastic here, and objectively there are not that many differences to report, but I have such affection for the Portugieser Chronograph that it does matter to me.

IWC Portugieser Chronograph Blue Panda IW371620

The basics for this new Portugieser Chronograph Blue Panda are the same as all previous editions of the IWC Portugieser Chronograph 3716. The case is steel, brushed and polished, 41mm in diameter with a 13mm height, and a design that is familiar to most watch enthusiasts – the Portugieser is a watch that most watch nerds know about. This means a classic central case topped by an inverted conical bezel and large pump chronograph pushers. It’s neat and sleek and makes for a very compelling watch. The only complaint could be its limited 30m water-resistance.

IWC Portugieser Chronograph Blue Panda IW371620

Inside the case, the story is the same. We have the calibre 69355 launched in this model in 2020, an automatic integrated chronograph with a column wheel that marks a strong evolution over the 7750 architecture. Produced by Richemont’s movement maker ValFleurier, it beats at 4Hz and stores 46 hours of power reserve. The decoration through the sapphire caseback is pleasant, with circular stripes and perlage.

What has changed with the new reference IW371620 is mostly the dial. And it’s actually very different from the classic editions. As a reminder, the standard model has a matte, slightly grained galvanised dial with a silvery-white metallic feel and matching sub-counters. Here, IWC treats us with a panda blue colour scheme, with blue-toned sub counters. But that’s not all; the dial has a new glossy white (and not silver) finish. It has a very appealing vitreous effect, which makes the numerals, minute track and printings almost float over the dial. The two-tone effect also adds depth and animation to what usually is a rather austere watch.

IWC Portugieser Chronograph Blue Panda IW371620

The other evolution is the strap. Instead of a formal (too formal, if you ask me) alligator leather strap, IWC here provides a textured blue rubber strap with curved ends that hug the case. Not only does this add a much more casual feel to the watch, which is perfectly in line with the nautical theme of the collection, but it makes it more coherent design-wise altogether.

IWC Portugieser Chronograph Blue Panda IW371620

Overall, I know we’re talking about minimal updates… But sometimes, small changes can make a huge difference, and in the case of this IWC Portugieser Chronograph Blue Panda IW371620, this new dial and strap combo is, in my books, marks the best edition of this emblematic watch to date. The model is now available and priced at EUR 8,950 (the same price as other steel editions). For more details, please visit

Photos were provided by our regular contributor Santiago Tejedor from

7 responses

  1. Same price for a rubber strap with a simple pin bucke and an alligator strap with a deployante. Not a great deal in my opinion.

  2. Interesting combination, I have always thought that the white dial was the most elegant dial color for the Portugieser chrono, so elegant!

  3. Really wish they would stop eating the numbers. I lose any interest as soon as I see this on a watch dial.

  4. Rubber strap, “nautical”, 30m water resistant. Something’s wrong.

  5. Thanks for sharing your thoughts.
    I like the Portugieser family; I own the Automatic 40 in the “classic” white/blue version. I do agree 100% that the offered alligator strap might be a bit toooo dressy for the watch or that its colour is more on the black than the blue side. Even the deployant clasp felt too much, sold it and I wea it on a pin buckle.
    I purchased 1 year after the bracelet, but I believe it would be better with such a rubber strap.
    Chronos nit my cup of tea, but aesthetically if I could choose my top 3 picks tehy would have been the eternal 3716/14, the Zenith Chronomaster or the Tag Heuer Monaco.
    And I agree that this Blue Panda version simply rocks it. and wrt to WR as per IWC, 30m is real 30m, i.e. you go swimming.

    IWC shoudl just look at their pricing now that they try moving upscale. Many simply cannot catch up.

    Thanks again for the article.
    Merry Christmas

  6. I tried it at my local AD. Great looking watch and wears very well with this comfortable rubber strap, however, the 3 bar does not make it as all around the watch, unfortunately. I never really understood how a maritime-based or inspired watch, in modern times, is still limited to 3 bar.

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