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Patek Philippe Golden Ellipse 5738/1R-001: Bracelet Model Review

The Golden Ellipse 5738/1R-001 pairs a 5.9 mm rose-gold case and black sunburst dial with Patek Philippe’s ultra-thin caliber 240 and a hand-assembled chain bracelet.
Estimate4–5 min Catalogued SpecialistWatchRanker Team
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The bracelet watch in Patek Philippe’s Golden Ellipse 5738 family is the 5738/1R-001: an ultra-thin, two-hand rose-gold watch with a black sunburst dial and an elaborate chain-style bracelet. Its 34.5 × 39.5 mm case is 5.9 mm thick, and its self-winding caliber 240 is rated for at least 48 hours of power reserve. This is a reference-specific overview, not a first-person wear review: the specifications and design details below are from Patek Philippe, with published observations attributed to their authors.

What the 5738/1R-001 is

“5738” can refer to several distinct Golden Ellipse watches. The bracelet model discussed here is the 5738/1R-001, introduced in 2024 in 18K rose gold. Its defining feature is not a different complication or movement, but a fully polished rose-gold bracelet built from individually assembled links. Patek Philippe’s current Golden Ellipse range also includes strap and other metal or dial variants.

The Golden Ellipse design dates to 1968. Patek Philippe connects its elongated case proportions to the golden ratio, using a form that sits between a circle and a rectangle rather than following the conventional round-watch outline. Thierry Stern, Patek Philippe’s president, describes the design as “purity and beauty expressed through simple design” on the brand’s Golden Ellipse collection page.

Case, dial and legibility

Compact footprint, unusually thin profile

The rose-gold case measures 34.5 mm across from 3 to 9 o’clock and 39.5 mm from 6 to 12 o’clock, with a thickness of 5.9 mm. These are manufacturer dimensions; the elongated shape means the 39.5 mm length is the more relevant figure when considering how much of the wrist the case spans. Patek Philippe specifies a solid case back and water resistance to 30 m. The rating is a specification, not a claim that the watch is intended for swimming or diving.

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Black dial, minimal display

The ebony-black sunburst dial is made on an 18K gold plate and carries applied rose-gold baton indexes. Slim cheveu-style hands indicate hours and minutes; there is no seconds hand, date, or additional display. That restraint suits the Ellipse’s formal, design-led character, but it also means there is no seconds indication to use as a quick visual timing reference.

Caliber 240 and what it offers

The 5738/1R-001 is powered by Patek Philippe’s caliber 240, an ultra-thin self-winding movement. The manufacturer lists a 27.5 mm diameter, 2.53 mm thickness, 27 jewels, a 22K gold off-center minirotor, a frequency of 21,600 semi-oscillations per hour (3 Hz), and a minimum power reserve of 48 hours. These are published specifications, not independently measured performance figures.

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Avaner Women's Rhinestone Bracelet Watches: Rose Gold Slim Strap Analog Quartz Ladies Elegant Dress Wrist Watches
  • ✼【SIZE】Case Diameter: 28mm (1.1"); Max Wearing Circumference: 260mm (10.2"); Case Thickness: 9mm; Band Width: 3mm. Weight: 25g.
  • ✼【FEATURES】7 Colors available; Rhinestone decorated bezel with bling strap; Three-hand analog display; Small face with a drawstring strap, comfortable and lightweight for daily wear.
  • ✼【PRECISE TIME KEEPING】High quality Japanese quartz movement provides precise and accurate timekeeping. With this wristwatch, you will not miss any important meetings or dating.
  • ✼【DRAWSTRING WATCH】Adopting a unique drawstring design, this piece serves as both a watch and a stylish bracelet. The adjustable pullable cord is not only easy to put on or take off but also easy to match your clothes. It provides both comfort and a distinctive experience, making it perfect for everyday wear.
  • ✼【IDEAL CHOICE FOR HER】With exquisite workmanship and a delicate design, this stylish bracelet watch is a perfect gift for your mother, wife, or girlfriend for special occasions such as birthdays, Valentine's Day, Thanksgiving, or Christmas.

The movement’s component total differs between Patek Philippe’s materials: the current product page lists 152 parts, while the 2024 release gives 161. The brand’s product page is available at 5738/1R-001; the original release is at Patek Philippe’s 2024 announcement. The differing totals should not be treated as a single settled figure.

The bracelet is the main point of difference

Patek Philippe says the bracelet comprises 363 components, including more than 300 links assembled manually one by one. It is fully polished rose gold and closes with an engraved clasp offering three adjustment notches. Those details make the bracelet the watch’s most distinctive practical and visual feature compared with the otherwise related strap version.

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  • Inner band circumference: 7 inches
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  • Case diameter: 30 millimeters

SJX’s published hands-on coverage likewise identifies the bracelet as the key distinction of the 5738/1R and describes the watch as a two-hander with caliber 240 behind a solid case back (SJX coverage). These are the author’s observations; they do not establish this article’s writer’s personal experience wearing or handling the watch.

5738/1R vs 5738R and 5738P

The closest choice is between the bracelet 5738/1R-001 and the strap-equipped 5738R-001. The platinum 5738P-001 is another conventional Golden Ellipse option, while the white-gold 5738/51G-001 Rare Handcrafts edition has a substantially different dial treatment and is not a straightforward bracelet-versus-strap alternative.

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Reference Metal and dial Attachment Dimensions Price information
5738/1R-001 18K rose gold; ebony-black sunburst dial Rose-gold chain-style bracelet 34.5 × 39.5 × 5.9 mm $68,017 displayed on the US Patek Philippe product page on 2026-10-07
5738R-001 Rose gold; dial color not stated in the cited current collection materials Strap not stated in the cited current collection materials not stated in the cited current collection materials
5738P-001 Platinum; dial color not stated in the cited current collection materials Strap; the cited materials do not state strap details not stated in the cited current collection materials not stated in the cited current collection materials
5738/51G-001 White gold; Rare Handcrafts dial treatment not stated in the cited current collection materials not stated in the cited current collection materials not stated in the cited current collection materials

The brand’s displayed US price for the 5738/1R-001 is a dated, market-specific listing, not a universal transaction price or resale estimate. Prices and availability may vary; no comparable current prices are established here for the other references. Patek Philippe’s current collection listings are at Golden Ellipse. Hodinkee has also published coverage of the 5738 family (Hodinkee coverage).

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What this review can and cannot tell you

The manufacturer’s figures establish the case dimensions, movement specifications, water-resistance rating, and bracelet construction. They do not establish how the bracelet drapes on a particular wrist, how well the three clasp notches accommodate a wearer, whether the slim hands are easy to read in every light, or how accurately a specific example keeps time. No independently measured accuracy, wrist-fit data, service interval, service pricing, or resale-value series is established here. Published third-party hands-on articles can offer their authors’ impressions, but those should not be recast as firsthand experience by this writer.

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Quick Recap

SaleBestseller No. 1
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Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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