For a brand still in its youth, Parmigiani has a long association with the perpetual calendar complication. The early years from c. 2000 featured the complication in the Toric line with retrograde date, moon phase, and apertures for day and month located in various orientations on the dial, along with an automatic movement.

Credit: ClassWatches

Credit: Quill & Pad
At Watches & Wonders 2025, Parmigiani introduced the Toric Quantieme Perpetuel, its newest perpetual calendar in two iterations, gold and platinum. The Toric QP will be limited to 50 pieces in each metal.

Toric QP - rose gold case, ”Golden Hour" dial, "Arctic Grey" strap. Ref PFH952-2010001-300181

Toric QP - platinum case, ”Morning Blue" dial, "Arctic Grey" strap. Ref PFH952-2010002-300181
The new Toric QP is a wholly different animal than the first generation Toric perpetual calendars. The visual emphasis is on a clean, crisp, uncluttered presentation of horological information. As Parmigiani itself describes it . . ."Hours and minutes take center stage, free from distraction, while the perpetual calendar integrates seamlessly through coaxial display."
The aesthetic is consistent with the minimalist Toric Petite Seconde introduced last year. In my opinion, Parmigiani is rapidly developing a unique design language for the Toric line that I find much to my taste.
This is a thoroughly contemporary perpetual calendar, even down to the fonts used on the lettering and numerals on the dial.
Consistent with CEO Guido Terreni's statement at the rebirth of the Toric line in 2024, the movement in this new QP is a manual winding movement.
Here we have the QP movement, caliber PF733, on the left and the Petite Seconde movement on the right. There appears to be no difference between them. The nicely decorated gold bridges hide the perpetual calendar module (crafted in all gold) that sits on top of the base movement of the Petite Seconde. Even with the module, the case is only 10.9mm thick by 40.6mm diameter. By comparison, the Toric Petite Seconde is 8.8mm thick by 40.6mm diameter.
The movement has a power reserve of 60 hours beating at 28,800 vph.
The watch has three corrector pushers, two on the crown side and one on the opposite side.

Credit: Worn & Wound
So, what do I think about the Toric QP?
First, let me say I am not "a perpetual calendar guy," or at least I didn't think I was. I tend to change watches frequently and don't like to slow down to set year, month, day and date. However, I haven't been able to shake the thought of this QP from my mind in the several days since I was able to handle it. I am especially intrigued by the gold version which is beyond gorgeous and, like all Parmigiani watches (or so it seems), fits me to a tee and is remarkably comfortable.
Several of my photos show the gold Toric QP next to the platinum Toric Petite Seconde. I would venture to guess my next Parmigiani will be one of these.
Finally, a word on Parmigiani's use of colors. In short, the brand takes its color choices very seriously. The Toric line with the hand-grained and brushed-on dial finish lends itself to unique color variations. About 40 minutes of hand brushing is required on each dial to achieve the finished graining. Expect more subtle dial colors in the future. Likewise, I love what the brand is doing with its straps, both in terms of color and finishing. I learned that these straps no longer are from Hermes (which is part owner of the brand); they are from a small specialty house in Italy. The new straps are a big improvement as I often thought the black or dark brown Hermes straps of the past, while certainly high quality, were basically a "default choice" and not an integral design choice.
Thanks for looking and let me know your thoughts on the Toric QP!
M4