This extremely rare Object from a famous collection (George Daniels) is one of a handful of watches of this type. The „Annular Tourbillon“ was an invention of the English watchmaker Andrew Taylor. This invention was patented in 1895. It is a mix between a carousel and a tourbillon with a rotation time of 60 minutes.
See detailed description in: Reinhard Meis „Das Tourbillon“ on pages 59, 2 items pictured on pages 298/299!
The watch is signed by Carley & Clemence, London watchmakers, the watch has a Fred Thoms case and Willis dial, London date letter 1903
High grade collectors item, just serviced, in mint condition