The Laureato Chronograph 38mm is GP's answer to collectors who want an in-house column-wheel chronograph in a sport-dress integrated bracelet without the bulk of a 42mm case. At 38mm it sits closer to a dress watch on the wrist, but the octagonal bezel and integrated bracelet keep it firmly in sport-dress territory. For the price, it is one of the few ways to get a genuinely developed in-house Swiss chronograph movement in this size bracket.
What it is
Girard-Perregaux introduced the original Laureato in 1975 as a competitor to the Nautilus and Royal Oak, with the same integrated bracelet and octagonal bezel formula. The line went quiet for years before GP revived it seriously in 2016, repositioning it as a legitimate sport-dress pillar rather than a footnote. The Laureato Chronograph in 42mm followed shortly after, using the GP03300 caliber that GP developed in-house with a column-wheel and vertical clutch.
The 38mm chronograph variant, reference 81020-11-131-11A, arrived in 2022 and uses the same GP03300-0113 caliber in a more compact case. It reflects GP's deliberate effort to address the proportion complaints that kept some buyers on the sidelines with the larger version.
Buying notes
The integrated bracelet is well-made but the clasp adjustment range is limited, so wrist sizing matters more than it would with a strap watch. Confirm you can get a comfortable fit before committing. This reference is new enough (2022) that grey market supply is thin and discounts are modest compared to older Laureato references.
Do not expect the kind of discount you might find on a 2016-era piece. The blue dial version of this reference is the most sought-after, which means it also holds value better but trades at a smaller discount to retail. If the color matters less to you, the green or silver dial variants often offer slightly better value.
Because the GP03300 is a relatively young caliber in collector circulation, independent service documentation is sparse. Factor that into your long-term cost-of-ownership thinking.
Market read
New retail runs around $15,000-$17,000 USD depending on dial and market. Grey market prices at time of writing are roughly 10-15% below retail, which is a reasonable but not exceptional discount for a current-production reference. The 38mm has not yet traded as actively as the 42mm, so price history is limited.
As supply normalizes over the next few years, buyer-side negotiation room should improve.
Service expectations
The GP03300-0113 is a GP-developed column-wheel chronograph with a vertical clutch. Service intervals are rated at approximately five years, and work should be directed to an authorized GP service center or a watchmaker with documented experience on modern GP calibers. Parts availability outside the authorized network is currently limited given how recently this caliber entered service.
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