About two weeks ago, THB published the V3 edition of the replica AP 15407, which now has a free-sprung balance. I have introduced the AP 15407 several times on my blog, first, it is the one made by ZF, then I introduced the V2 edition of 15407 made by THB in 2024, you can read the review about the THB V2 15407 at https://www.susanreviews.com/2024/09/26/thb-factory-replica-ap-15407/, now it has been almost two years later, THB published the V3, is this a signal that APS will be back soon? We all know their relationship. However, I suspect that the real factory behind this newly released V3 15407 may actually be ZF. In the past, THB has always the biggest seller of this AP watch. Now that APS has shut down, it seems unlikely that THB – being a branch of APS – could return to the market so quickly. Therefore, this new free-sprung 15407 may actually be a ZF release marketed under the THB name. You know, ZF has been very active in the AP field in recent months.
On the first replica of AP 15407, the balance wheel has a wrong position and it does not move. On the updated V2 edition of THB, the balance wheel is rotating. On this V3, we can see there are weights on the balance wheel. But the watches does not have a double balance wheel, it is a single balance wheel. I watched many video reviews about this watch, some claimed that a customization of adding a double balance wheel is possible and they charged a lot of money, I think it is not necessary to spend thousands of dollars to do this, not worthy. Besides the balance wheel, I think there is another flaw which the factory should pay attention to and correct it immediately, please check the two pictures below, the place marked with red triangle, the space between the bezel and the bottom line of the case. On genuine watch case, the space is not that wide.
It’s been a long time since we last heard from ZF in the replica Audemars Piguet space. The last time ZF made waves in the AP replica market was a few years ago with their widely popular AP 15400. However, after APS released the super clone 3120 movement, ZF was thoroughly outperformed. In the years that followed, there was almost no news from ZF in the AP replica field. Meanwhile, APS thrived and essentially dominated the entire high-end AP replica market. Unfortunately, APS was shut down last month after being hit by a crackdown. Now, this could be ZF’s only chance for a comeback.
The watch is ZF’s latest 15500, equipped with a free-sprung 4302 movement. Could it be that ZF has directly taken over APS’s free-sprung 4302 movement? After all, this movement was first introduced by APS. A few months ago, facing competition from VS, APS rushed to release a free-sprung 4303 movement. Now that ZF has taken over the free-sprung 4302 movement, just heard that ZF has also taken over the super clone 4401 movement that was owned by APS before. The question is whether they can also take over APS’s super clone movements in IWC replicas.
The 15500 from VS is good, so is this new 15510. But I have seen a lot of reviews about the VS 15500 online, many dealers said it is much better than the one made by APS, I do not think so, APS has been making AP replicas for many years, VS is just a new challenger in this field. Each of them has their own advantages in AP 15500, and in this AP 15510.
For this new AP 15510, currently VS Factory has the blue dial version and green dial version, the following pictures I show is the one with green dial.
The following is picture comparison between the VS 15510 and APS 15510.
The left one is from APS, the right watch is from VS. The dial color looks different. VS 15510 has a lighter blue dial color.The grid on VS 15510The grid on APS 15510APSVS
The tail of the second hand, its shape is different. On APS, it is rectangular, on VS, it is trapezoidal. The hollow-out part is much bigger on the second hand of APS 15510.
The lug shape is different. The bottom one is from VS, it looks bigger and fatter.
The end link on the bracelet of VS 15510 is more flexible, just like their 15500.APS Movement
The color of the auto rotor looks different, the movement below is the 4302 movement from VS Factory.
About the 4302 movement used by APS and VS, I mentioned the difference before, VS’s 4302 is not the true free-sprung balance version, because it does not have weights. APS offers two movement options for the 15510, one with regular balance wheel, the other with a free-sprung balance, APS’s 4302 free-sprung movement has weights on the balance. Besides these differences, VS also claims that the auto rotor uses ceramic ball bearing. VS also saying their 4302 movement has the same power reserve time as the genuine AP Calibre 4302, which is 72 hours, I do not believe this, currently no fake movements can achieve such a long time of power reserve.
Last time, I gave a comparison review on the AP 15500 replica watch between VS Factory and APS Factory, here is the review at https://www.susanreviews.com/2026/01/19/replica-15500-grey-aps-vs-vs/. Today, I will show you the pictures comparison on the blue Royal Oak 15500 AP replica watch between the two factories, like the grey 15500 I shown you before, the main difference on the blue one also lies in the dial color and bracelet end links.
Before showing you the pictures, I would like to express my opinion first. I do not think VS 15500 is better than APS, many dealers posted videos reviews and said VS 15500 is better, actually many of these reviews are not honest. I still recommend the one made by APS. The status of APS factory in AP replica is like what Clean factory used to be for replica Rolex. For a replica Rolex Daytona or Submariner, I think many people will still choose the one made by Clean if this factory is still alive. AP 15400 and 15500 are flagship models of APS Factory, they won’t just hand over this market to others, so in such a short period, the 15500 from VS factory will not surpass the one from APS factory.
The left watch is from VS, the right watch is from APS. The dial color looks slightly different. The blue color on the right looks darker, I do not know which one is closer to the genuine. APS 15500 has a stronger reflection on the dial, I like this finish more on the APS 15500, athough VS claims that their 15500 dial finish is closer to the genuine. Just like the Rolexs made by Clean Factory before, the hands have more three-dimensional polishing, while VS claims that their flat hands are more correct, I think more people prefer the hands of the Rolexs from Clean. While the nameplate of “AUDEMARS PIGUET” on VS dial is better, it is more tridimensional.
About the movement, APS Factory offers two options, super clone 4302 and super clone 4302 with free-sprung balance. The 4302 from VS is a false free-sprung movement, and the movement from VS does not have advantages if being compared with the movement from APS.
VS Factory has published the AP 15500 for weeks, I wrote a review about this watch at https://www.susanreviews.com/2025/12/29/vsf-ap-15500/, today, I want to make a comparison review on the 15500 grey model between APS and VS.
I did not see the genuine watch, I do not know which one is closer to genuine watch, I think both are very good replicas.
First, dial color.
The left watch is from APS, the right watch is from VS. Both have grey dial. The grey color on APS 15500 looks slightly darker. And at some angles, the light reflection looks stronger on the dial of APS 15500.
Second, hour markers and hands. Check the two pictures below. Both watches have very good polishing on the hands and hour markers. On APS 15500, the hour markers feature wider luminous material, the white luminescence on the hour markers of VS looks narrower.
Third, date font. Look at the date font below. APS 15500 has a pure white date font that looks slightly thicker. VS 15500 has a warm white date font. The axis of hands looks different, it is solid on both watches, but I like the solid axis on VS more.
Fourth, the first link. Are you able to find the difference on the first link? The two pictures below, first watch is from APS, second watch is from VS. On VS 15500, there is a bigger gap between the first link and the main case. So you can feel the first link and even the entire steel bracelet are more flexible on VS 15500. Because of this, the case of VS 15500 maybe fit your wrist more comfortably.
By the way, like I mentioned before, the bracelet of APS 15500 has 24 links, which has one more link than VS. If you have a big wrist, maybe APS 15500 is a better choice.
Fifth, the comparison of AP logo on the clasp.
APS.VS.
Sixth, the movement. The following pictures show the SH4302 movement from APS, this is the latest SH4302 with free-sprung balance, APS just released. It features weights. The auto rotor is rose gold, but that sculpture AP looks yellow gold.
The following pictures show the movement DD4302 from VS. It is not real free-sprung movement even you do not see the regulator. There are no weights on the balance. But the golden tone of the auto rotor is better.
I never thought that VS Factory will make Audemars Piguet replica watches, but in last week, they announced that they will make Audemars Piguet 15500, and now, the watch is available, two models just arrived, grey dial and blue dial, later, they will also publish white dial version and black dial version.
I do not know why VS Factory enters the Audemars Piguet market, I also don’t understand why VS factory doesn’t expand production capacity for Rolex, given that demand still far exceeds supply. Do they perhaps think that no other factory can be their competitor in the replica Rolex field? This is true, even Victory Factory, which has the Rolex replicas that have the closest quality to previous Clean Rolex, will not be their match. However, they need to consider their consumers and shouldn’t make their orders wait that long.
About the replica Audemars Piguet 15500, absolutely APS factory made the best one in the past, but if being compared with the one from VS, I do not know which one is better, like I said before, the super clone from different factories has their own advantages. APS made many improvements on the dial of the AP 15500 before, especially on the grey dial version, the AP 15500 with grey dial from APS Factory is considered to be the best one with the closest dial color to the genuine. Now many dealers claim that VS makes a better dial than APS, I do not believe this, this is the first time for VS Factory to make Audemars Piguet replica watch, it is impossible to make this AP perfect on the first try and beat the APS factory, just like a few years ago when APS challenged ZF in the Audemars Piguet field, it took several years for APS to defeat ZF and become the top player in the AP domain.
VS developed a new movement for their AP 15500, not the one used by APS, the clone 4302 by VS is from DD, while the 4302 by APS is from SH. The 4302 movement used by VS is not free-sprung balance, but the 4302 with real free-sprung balance from APS will be in stock soon, APS Factory just annouced this project. So, in a short period, the 15500 from APS is still the first choice for many customers. About the stability of the movement, the DD4302 from VS will have a good stability, but the SH4302 from APS also has been tested for many years, it is very stable.
APS Factory published several models for this watch weeks ago, a reader commented on my blog to ask me to do a review on this watch, I can not give you a detailed comparison review side by side because I do not have the genuine watch, I will do a brief review later. Before that, I want to tell you a bad news, which is Clean Factory got raided in last week, I was about to announce this news on my blog but I thought you guys have known this, their warehouse was found, so, you know it will be very hard for them. I do not know if they will be back to this business, may be not, just like the raid happened on Noob Factory several years ago, and Noob did not come back. Some people said Clean will be back soon, some dealers on the internet said Clean is accepting orders now, this is not true, currently ordering from Clean is impossible. If they really are able to come back, I think it will be one or two months later. Anyway, it makes perfect sense if they are really getting out of the business, after all, they already have had enough money.
Back to the Audemars Piguet 26420 which APS Factory just published, there are four models, please check the pictures below. I only suggest you buy the stainless steel watch with black dial and the rose gold one, the other two have big flaws. The one with gradient dial has a different dial color, the blue watch is made with stainless steel, while genuine watch is titanium made. APS Factory made a big mistake, they made the blue one with stainless steel, this is not acceptable, every time APS Factory acted very fast but they do not work carefully as they used to. For example, in replica 15400 and 15500, more people bought the ZF version before, but APS Factory did improvements on both watches step by step, finally their AP 15400 and 15500 have a better quality than ZF and have become one of the best replica watches in this industry. I can not believe such a big factory made an obvious mistake on this AP 26420. Among so many factories in the market, Clean is the most meticulous in its work, they usually perfects their watches in one go, no major upgrades needed later, this is also the reason why Clean got raided, they make Rolex replicas too good.
For this Audemars Piguet 26420, in the past, APF made it, but they use a common Chinese chronograph movement and the watch it too thick. APS Factory uses a super clone 4401 movement and makes the watch with a correct case thickness, which is about 14mm. The case has a 43mm diameter, the bezel and the chrono pushers use black ceramic. The case has very good brushed finishing, the black ceramic bezel has brushed finish on the front and polishig on the side. The edge of the ceramic crown has rounded polishing, it does not feel sharp but very smooth.
The crystal of the APS 26420 has obvious blue AR Coating, while on genuine watch, the anti-reflective coating does not look that blue.
On the dial, there are big grids, each grid has fine vertical patterns in a close-up view, on the corner of each grid, there is “X” that connects with each grid seamlessly, even if you check carefully, there is no burr on the edge of every grid. While the axi of each hand looks slightly different from that on genuine watch, on genuine watch, the solid axis pin is small and looks more obvious.
For the date window, the gen-style deep recess is not that obvious on the replica 26420.
The band is easily removal because of its quick release system, however, APS does not offer extra leather strap for the watch, there is only rubber band on the watch.
The movement is a super clone 4401, currently only used by APS Factory. It is equipped by APS in the AP 26240 and 26420. The previous 4401 has some differences with the genuine AP 4401 Calibre, especially on the balance wheel, the APS 4401 has regulator and does not have weights. It is said the upgraded V2 4401 will come out soon, the regulator will be removed and weights will be added to the balance wheel, at that time, the 4401 will look much closer to the genuine AP 4401 Calibre.
By the way, the rose gold 26420 APS Factory has published has a very close gold tone to that of genuine.
Audemars Piguet Royal Oak Chrono 26331, there are several factories that have made its replica, including B, OM and IP, but none of these factories are making a correct replica of this watch, although I suggest you buy this replica from OM before, however, OM is a weird watch maker, it usually needs to wait for a long time to get a factory from them, especially ordering this AP 26331.
The AP 26331, I love it more than the 26240, it looks more beautiful than the latter, I just like its subdial design, which is in different size, I do not like the same size of the subdial on 26240. In the past, whether the 26331 replica made by B or OM, there are obvious flaws. For example, the position of the three subdials is not correct on the 26331 made by B. The small hands on the two subdials at 3 o’clock and 9 o’clock do not work on the 26331 from OM. Both of these flaws are fixed on this AP 26331 that was just published by APW Factory. And on this new 26331 from APW, the case thickness is very close to that of genuine watch, which is measured to be 11mm. I also measured the diameter, it is 41mm.
The functions of the APW 26331 are the same as that of genuine, the correct position of the small dials, sunburst finish on the small dials, laddered date window design, stable SL4801 movement, good chamfering finish on the case and bracelet, there are many advantages on this replica 26331.
But there are two shortcomings which I think APW should improve next, first, the brushing on both sides of the case is not obvious and should be enhanced. Second, the area which the small dials contact with the main dial is not well processed, it does not look very clear. Fortunately, the watch is sold at a much affordable price than that of 26240.
Our Chinese New Year holiday will start soon, I think most watch factories will be on holiday after this week, the shipping company will stop providing service on Jan. 23. In the beginning of 2025, since January, we have seen a lot of new replicas, but the most important watch should be the Audemars Piguet 26240 Flyback, now the replicas of AP 26240 have stainless steel in black, white, blue, green and black ceramic available from APS. But in last week, APS just published a rose gold model, which is the following one with blue dial, and they will publish another rose gold one with green dial in this week, I think many of you guys have been expecting this green gold one for a long time. The replica 26240 has a super clone 4401 movement that can provide the flyback chrono function, which is another breakthrough improvement in this industry.
The second new arrival replica is a Tudor Pelagos FXD GMT model made by M+ Factory. The watch is made with Titanium that is brushed, the case is measured to be 42mm in diameter and 12.7mm in thickness. The bezel is bi-directional rotating with a black ceramic insert in matt finish. The entire watch is only 70.2 grams in weight. M+ is a very low-key factory in our market, they have only made a few models, but every piece is high quality. This Tudor FXD GMT replica will become another best seller, it has a very correct color in the bezel markers, hour markers and hands, the GMT hand and printings “PELAGOS GMT” are also in the sams orange color as that on genuine watch. The green fabric band with unique logo makes it distinguishable among all Pelagos FXD models M+ Factory has produced. M+ also offers one black leather pack for the watch.
The most important watch, which we have been expecting so long, is finally available now. Now, only stainless steel models and the black ceramic model are available. APS Factory has really made a lot of popular replica watches in past years, I think this AP 26240 will become another best seller in 2025.
In Audemars Piguet field, it is not hard to find super clones, there are popular Royal Oak 15400 and 15500, these are really made very well and the most outstanding AP replicas, but for watch fans who seeking for chrono models in AP, the 26331 from OM has some defect in function, while those AP ROO Sec@12 models have decreased in popularity since the closure of J12 Factory, so it is very important for AP watch fans to find another flagship model in AP RO Chrono collection, hope this 26240 made by APS can complete this mission.
Currently for the stainless steel 26240, there are four models available, each is different in dial color, there are black, white, green and blue. Together with the black ceramic one, there are totally five models being released. The case is 41mm, I measured its thickness, about 12.68mm. Stainless steel model is about 170.8g in weight, the ceramic model is 162.6g in weight.
Equipped with the super clone 4401 movement, tts chrono function is different from that on Daytona. Push the button at 2 o’clock, the central second hand will start to move, then you push the button at 4 o’clock, the central second hand will back to zero but will not stop, next it will move again. If you want the central second hand to stop moving, push the 2:00 button again, it will stop immediately, then push the 4:00 button, the central second hand will back to zero and not move. This is real flyback chrono function.
