What This Watch Is
The Patek Philippe Complications Moon Phases 7121/200G-001 is a 33mm white gold ladies’ complication with a blue dial and a diamond bezel set in the rare “Dentelle” style. This is the smallest complication watch Patek Philippe makes for women, and that 33mm case paired with just 8mm of thickness makes it genuinely petite and feminine in a way that larger complications simply cannot match.
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The Numbers
- Reference: 7121/200G-001
- Case size: 33mm diameter
- Thickness: 8mm (8.35mm per spec)
- Case material: White gold
- Bezel: 132 diamonds, approximately 1.09 carats, “Dentelle” setting
- Movement: Caliber 215 PS LU, manual wind
- Power reserve: 44 hours
- Water resistance: 30 meters
- Dial: Blue with white gold baton hour markers and pear-shaped hands
- Complications: Moon phase display, small seconds at 6 o’clock
- Strap: Shiny blue alligator leather with square scales, handstitched, white gold prong buckle
- Case back: Transparent sapphire crystal

What the Specs Mean in Practice
Getting a mechanical movement with a moon phase complication into an 8mm thick case is a real achievement. Most complications add bulk, but the Patek Philippe Moon Phases 7121/200G-001 stays remarkably thin. The trade-off is that this is a manual wind movement with no rotor, so you will need to wind it yourself. That 44-hour power reserve means you can get through a weekend without touching the crown if you wind it Friday evening.
For context within the Patek Philippe Complications Ladies collection, this is genuinely the small option. The world time sits at 35mm, and the annual calendar moon phase jumps to 38mm. If you want a Patek complication that actually fits a smaller wrist rather than looking like a men’s watch borrowed for the evening, this 33mm is your only real choice in the lineup.
Design Details Worth Noting
The case shape on this watch is unmistakably feminine. You could not confuse it for a men’s piece. The lugs are unusual, almost old school, with two prongs extending straight from the case. Simple, yes, but Patek Philippe has built their entire reputation on making simplistic elements look impossibly elegant.
The diamond bezel deserves special attention. This is not your typical pave setting with rows stacked on top of each other. Patek uses what they call the “Dentelle” setting, which translates to “lace” in French. The diamonds are arranged in a lattice pattern that creates a mesh-like appearance. It is an old technique from high jewelry, difficult to execute in such a small working area, and very few brands even attempt it. The result looks more intricate and more traditional than a standard diamond bezel.
On that blue dial, the white gold baton hour markers catch light beautifully. The pear-shaped hands, sometimes called leaf-shaped, add another traditional touch. And of course, the moon phase display at 6 o’clock gives the whole composition its reason for existing as a complication piece.

On the Wrist
At 33mm with that slim 8mm profile, this watch wears delicately. It does not announce itself the way a 38mm annual calendar would. The blue alligator strap with its handstitched square scales complements the blue dial, and the white gold prong buckle keeps everything understated. This is a watch that fits the bill for women who want something smaller, something that actually suits a petite wrist rather than overwhelming it.
The transparent case back lets you admire the 215 PS LU movement, which is a nice bonus when you are paying Patek Philippe prices. Everything about the wearing experience feels considered and refined.
Who Should Buy the Patek Philippe Moon Phases 7121/200G-001
This watch is for women who want a genuine Patek Philippe complication without wearing something sized for a man. If you have been looking at the complications collection but found the 38mm annual calendar too large, the Patek Philippe Complications Moon Phases 7121/200G-001 solves that problem. Patek is the king of traditional watchmaking, and this piece carries that DNA in a package that actually fits.
Collectors who appreciate vintage jewelry techniques will also find something special here. That Dentelle diamond setting is not something you see often, and it elevates the bezel from pretty to genuinely interesting.

The JazTime Verdict
The Patek Philippe Complications Moon Phases White Gold Blue Dial 7121/200G-001 is the right watch for women who want complication-level Patek in a truly feminine size. The 33mm white gold case, blue dial, and Dentelle diamond bezel come together as something both traditional and beautiful. Ready to own it? Shop this watch now at JazTime.com for the lowest price online.