Swiss watchmaker Girard-Perregaux’s new VIRTUS I Chronograph Perpetual Calendar is more than just a complicated, sleek new timepiece. The $52,000 watch is the result of collaboration between the 200-year-old watch company and American Nicaraguan Foundation (ANF), a philanthropic group dedicated to fighting extreme poverty in Nicaragua. Named for the Latin word that expresses virtue, valor, and character, the watch is a symbolic emblem for fighting poverty: Girard-Perregaux expects to donate $1 million to ANF through the sale of the 40 limited-edition timepieces. More than one year in development, the technical watch with a 46-hour power reserve features a pink gold case and alligator strap. The watch will be sold exclusively at Jose Roca Fine Jewelry Designs in Coral Gables, Florida.