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Seiko

It’s not to keep it on balance but to keep from breaking the tips of the balance shaft

 

thus ruining the movement. The shaft tips are human-hair thickness for minimal thickness and mass ... thus extremely fragile and the balance can be quite large relative to these ends. 

Notice the red arrow pointing to the broken off tip on the right, and green to an intact tip which goes into the shock-absorbing jewel. 

These balances are from pocket watches; the wristwatch equivalents are much smaller. 



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