Swiss gold dress watch with enamel horse scene Circa 1925

Yellow gold keyless dress watch 
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A fine and rare, thin Swiss, 18k yellow gold and painted on enamel keyless dress watch, circa 1925. The back cover is finely painted on enamel with one grey and two white horses against a translucent blue guilloche enamel background. An enamel dial with black painted Arabic numerals, outer minute track, subsidiary seconds and blued steel Breguet hands. A rhodium-plated movement,  straight-line lever escapement, cut bimetallic compensation balance, blued steel Breguet balance spring, and an index regulator. Dial signed.
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Diameter: 44 mm
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Thickness: 6 mm
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Signed: Oscard Fresard  Lucerne