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We deep dive into Leica's ZM 2 and its GMT function

With its timepieces first coming into focus in 2018, camera manufacturer Leica has now introduced the ZM 1 and ZM 2, inspired by the design language of its precision products. Numerous upgrades have been made to ensure that these watches meet Leica’s high standards of quality. We took a close look at the ZM 2 with its GMT function.
Photography today includes many functions that are taken for granted: Autofocus, image stabilizers, video capability, plus the ability to post everything online immediately. The Leica M camera offers neither autofocus, an electronic viewfinder, nor an image stabilizer. Fans of the Leica M say that they are “closer to the subject” and that this makes for a purer experience. Similarly, the ZM 2 watch (‘ZM’ stands for Zeitmesser, which means timepiece in German) must be wound by hand and its second timezone must be set manually. The mechanical ZM 2, our test watch, offers the same kind of experience with its hand-wound power supply, clearly designed pushers, and a view through the transparent caseback window that shows this analog technology up close.

Leica ZM 2

“Leica is especially well known for its connection to mechanics,” says Andreas Kaufmann, Chairman of the Supervisory Board of Leica Camera AG. “The licensing agreement from 1996 that awarded Leica the brand rights clearly defined what we could produce for a period of 99 years. And watches are second on that list.” This connection is as sharp as an autofocus can be, just like so many other features that only a Leica watch can offer.

The Pusher Crown Works Like a Camera’s Shutter-release Button

In addition to the central time display with hours and minutes, a small seconds subdial at 6 o’clock, and the date at 3 o’clock, the ZM 2 has a power-reserve display between 8 and 9 o’clock. It also has a second timezone indication shown on an inner rotating ring around the dial that is linked to a day/night indicator at 4 o’clock. But these commonly seen functions aren’t what makes the ZM 2 extraordinary—it’s the unique layout and look.

The watch was designed by Professor Achim Heine

The watch was designed by Professor Achim Heine, a product designer at Leica until 2008 and the reason for the unmistakable camera-like details on the ZM 2, like the shape of the carefully crafted, 41mm stainless-steel case (with pressure resistance to 5 bar) and a silhouette inspired by the lens cover of a camera. The domed crystal with double-sided anti-glare treatment mirrors the look of a camera lens.

The bead-blasted and diamond-polished hands and hour markers are part of a detailed geometry, where reflections of light link the subject of time with photography and the essential role of exposure time. The matte-black dial is milled from a solid block of aluminum. Stark colour contrasts ensure that the play of light does not detract from the legibility.


To engage the time-setting mode, rather than pulling out the patented crown as is normally the case, you press it briefly, just like pressing the button on a camera shutter. This stops the movement. At the same time, the small seconds jumps to its zero position for simple and precise time setting. Pressing the crown again switches the watch back to running mode.

The dedicated oval-shaped pusher at 2 o’clock is used for the quick adjustment of the relatively large and easy-to-read date. The rotating ring bezel for the second time zone can be turned in either direction using the additional crown located at 4 o’clock. Its pronounced grooves have a pattern like the one found on the operating features of a camera. Corresponding to this feature is a round day/night indicator at 4 o’clock. The dial opening above it is used to check the functional mode linked to the crown. White means the watch is running and also allows for manual winding of the ZM 2. Red shows the hand-setting function is engaged for setting the watch to the exact second.

The arc-shaped opening in the dial between 8 and 9 o’clock serves as the power-reserve display and recalls the aperture of a camera. White means that the aperture is open, and the watch is fully wound. Black indicates that the aperture is closed, and the watch’s power is depleted. The most striking design element by far is the pusher crown, whose function and design are inspired by the shutter release button on a traditional Leica camera and bears the same red dot.


As this timepiece was created, Leica emphasised the importance of ‘Made in Germany’ and entered into a partnership with Lehmann Präzision GmbH. This company, based in Germany’s Black Forest region, was responsible for the watch’s technical development and construction. The well-known watch designer Andreas Strehler contributed by producing the majority of the movement components, as well as the case, dial and hands. The only outsourced components were the wheels, jewels, crystals and watch straps. This newly developed hand-wound movement, designed from the ground up, bears the same name as the watch itself: ZM 2. It consists of 240 handmade parts and ticks at a rate of 4Hz with a power reserve of 60 hours. It also provides a true ‘reserve’ even when the aperture is closed and appears black. A differential gear controls two racks that move apart synchronously to open the aperture. As the watch winds down, the racks return to their original positions and the aperture closes.

The Power-reserve Display Recalls an Aperture Setting

The architecture and the power-reserve indicator, as well as the manufacture of various components of the ZM 2 calibre, are challenging from a craftsmanship point of view simply because they are new. One example is the complex column wheel. Similar to a column wheel in a chronograph, this one is linked to the patented pusher crown. When the pusher crown is pressed, an activating lever moves the column wheel into the next position. This allows it to control four functions. First, the mode display whereby a rack-and-pinion pushes a red-and-white disc forward and back. Second, the hack mechanism: It is released to stop the balance wheel. Third, the reset of the small seconds: A reset lever brings the seconds lever with a cam and the second hand into the correct position. And fourth, a rocking pinion engages the hand-setting mode. Pressing the crown again disengages the hand-setting mechanism and the watch begins to run with precise, to-the-second accuracy. The complexity of the crown function requires a separate, dedicated pusher for setting the date quickly and easily.

The aperture-like power-reserve indicator

A series of samples were designed for developing the sophisticated structures that uniquely integrate the functions into the ZM 2. This was followed by building prototypes and testing models, ultimately resulting in the creation of an independent movement design. A look through the sapphire crystal caseback reveals not only the unusual shapes of the bridges but also their elaborate sandblasted surfaces and line-finished edges. You can follow the oscillations of the balance wheel, the movement of the spring that stops it, the lever and cam that reset the small seconds, and finally the all-important column wheel and manual winding mechanism, including the rotation of the differential gear for the power-reserve indication. So if you’re looking for an unusual subject to focus on, the ZM 2 is just the right choice. 
The unique architecture of the ZM 2 calibre

Images: Courtesy Brand 
This story first appeared in the April-June 2023 print issue of WatchTime India. 
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Specification

Leica Watch ZM 2

MANUFACTURER

Leica Camera AG, Am Leitz-Park 5, 35578 Wetzler, Germany

REFERENCE NUMBER

98273

FUNCTIONS

Hours, minutes, small seconds with reset function, function indication, date, rotating GMT ring, day/night display for GMT function, power reserve

MOVEMENT

ZM 2 based on Lehmann calibre, hand-wound, 28,800 vph (4Hz), 26 jewels, Déclafor balance, Nivarox CT hairspring, Incabloc shock absorption, 60-hour power reserve, diameter = 35.75mm, height = 8.40mm

CASE

316L stainless steel, domed sapphire crystal above dial with anti-glare coating on both sides, sapphire crystal caseback with anti-glare coating on both sides, water resistant to 50m

STRAP AND CLASP

Alligator leather, black/red, stainless-steel pin buckle

DIMENSIONS

Diameter = 40.95mm from 6 to 12, 48.13mm across the lugs; lug width = 21 mm; height = 14.43 mm; weight = 83.5 g

PRICE

INR 11.65 lakhs (approx.)

Score

Leica Watch ZM 2

STRAP AND CLASP

High-quality alligator strap, handmade in Germany with red lining and red decorative stitching in the Leica colourway. Classic pin buckle and quick-change system.

10/10

OPERATION

In-house operating design via the pusher crown that is both intuitive and practical for setting the watch to the precise second and also for advancing the date. Spring bars simplify changing the strap.

5/5

CASE

Stainless steel with bold silhouette and domed sapphire crystal. Special Leica-inspired pushers and crown, flat sapphire crystal caseback.

9/10

DESIGN

Many details are clearly inspired by Leica cameras, resulting in a unique design and an independent brand image and function.

14/15

LEGIBILITY

Clear layout even with high functionality. High contrasts but no nighttime legibility.

5/5

WEARING COMFORT

The case feels quite large and thick due to the domed sapphire crystal. The strap is too wide to easily thread into the buckle.

4/5

MOVEMENT

Manufacture calibre with unique and independent architecture and refinements.

19/20

RATE RESULTS

Somewhat unbalanced. The watch runs faster as the power reserve is depleted.

7/10

OVERALL VALUE

A high price, but you get a very distinctive watch with a special design and unique functions inspired by Leica cameras.

8/10

Total 90

Launched in 2012, WatchTime India is the result of a collaboration between America's most-read watch magazine, WatchTime and, India's leading media house, Malayala Manorama. With an aim to popularise and celebrate the evolving watch culture of the country, the publication is your one-stop destination for everything related to fine luxury watches. From the latest tests to reviews, to exclusive features on the history and horological heritage of some of the most spectacular watch brands of the world, the WatchTime India portal has a lot to offer. Stay tuned for an exciting journey, through the fascinating world of watches!

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