Royal Joaan Bin Hamad Al Thani spotted wearing a Patek Philippe

Sheikh Joaan Bin Hamad Al Thani, younger brother of the Emir of Qatar and a figure whose wrist has been tracked by collectors for years, was recently spotted wearing one of the most coveted factory diamond configurations in contemporary watchmaking: the Patek Philippe Nautilus 5711/1300A in stainless steel with a sunburst olive-green dial and baguette-cut diamond-set bezel.

The 5711/1300A is a factory-original variation of the Nautilus 5711/1A, distinguished by 32 baguette-cut diamonds running around the integrated octagonal bezel — a specification executed entirely in-house by Patek Philippe rather than farmed out to a third-party setter. That distinction matters enormously to serious collectors. The movement inside is the calibre 26-330 S C, a self-winding manufacture movement offering a power reserve of approximately 45 hours, beating at 28,800 vph, with a date complication. Housed in a 40mm stainless steel case with Patek's signature horizontally embossed dial and integrated bracelet, the watch sits at the intersection of sports-watch design and haute joaillerie.

The olive-green sunburst dial variant of the 5711 was announced in January 2021 — the same announcement in which Patek Philippe declared the 5711 reference discontinued. That timing was not incidental; it created immediate and sustained demand pressure that the secondary market has never released. On the plain steel 5711/1A with olive dial, grey-market premiums are already extreme. On the 5711/1300A — the diamond-bezel configuration — those premiums compound further, reflecting both the scarcity of the stone-set version and the near-impossibility of finding a factory example with the olive dial specifically.

Sheikh Joaan is no casual watch wearer. As President of the Qatar Olympic Committee and a member of the International Olympic Committee, he operates in international arenas where personal presentation carries diplomatic weight. His choice of the 5711/1300A over a simpler configuration signals a collector's sensibility rather than mere status display — this is someone who understands the provenance behind the reference.

At retail, the Patek Philippe Nautilus 5711/1300A carried a list price of approximately $94,620. On the current grey market, authenticated examples with the olive-green dial are tracking in the range of $650,000 — a premium of roughly 587% over retail, underlining just how dramatically collector appetite has outpaced supply for this particular configuration.