The Kiura Chronograph is the third watch created by Sicilian-born designer Alessio Romano for Projects.
Romano aimed to strip back the features of the watch to the essentials, after being inspired by Japanese ideas of simplicity.
"Kiura is a contemporary and classic design free from all those confusing (and unnecessary) markings that few understand," said the designer. "A watch that reads like the time you understand."
The chronograph features three sub-dials. The left dial acts as a stopwatch measuring time in minutes, the centre dial tracks seconds, and the right dial measures 24-hour increments.
Each one features a simple quarter mark instead of numbers and can be individually adjusted using three crowns on the side.
A sloped ring around the face provides the standard minute markings represented by slim lines, with hour markings in matching numbers.
It comes with either a black dial and white markings or a white dial and black markings. The 40-millimetre case is made of black iron-plated stainless steel and joins a matching leather strap.
The watch is named after the Sicilian pronunciation of the Italian phrase "che ore?" – spoken as "chi ura?" and meaning "what time is it?".
According to the designer the word also relates to Japanese culture and language.
"In Japan, simplicity, harmony, ethics and severity are the pillars of the welfare of inner life," said Romano.
"Kiura embodies these characteristics by reducing and simplifying every aspect of the 'classic' chronograph, returning it to the essence of its simple and pure graphics."
Romano has been named as one of Italy's best designers under 35, and has previously designed two watches for US-based Projects – the Ora Major, with hands based on the shape of constellations, and the Optical Blue based on 1960s Op-art.