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Erik, I am no expert, but I have OMEGA SAGA and a French dictionary and if no one else is going to reply to you, I'll take the plunge!!
I can tell you that the group of 550 to 565 movements are some of Omega's most famous calibres. More than 3 and a half million were made - between 1958 and 1966. They went into Seamasters, Constellations and Dynamics and the 560 and 562 went into the first Seamaster de Villes.
Several were chronometer movements, but not, I think, the 562. First produced in 1958, it does have a date wheel, as I expect you know, but it was later (1965) replaced by the 565 which also had the quick-set date facility. That doesn't matter much, unless like me, you wear other watches and have to wind the crown back and forth for a while to get up to the right date again!
This group of movements was designed by Marc Colomb and OMEGA SAGA says "these calibres figure amongst the most accurate, reliable and renowned of Omega's products". "Its success is above all due to its extreme reliability, ease of assembly and of maintenance".
Erik, that's what I understand the book to say, my French having once been not too bad, but now a bit rusty! I have several Omegas with the 550 series movements and they have never given me any trouble.
I hope yours will last for ever! Is it stainless steel or gold? How did you find it? Tell us about it!
Derek
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