The Hermès Dressage watch—which pays homage to the brand’s roots as a saddlemaker with equestrian references including lugs designed like stirrups and saddle-stitched black alligator straps—debuted its first chronograph movement. The self-winding mechanical H1925 movement, named for the year Hermès created its very firstchronograph, combines the brand’s automatic base movement with a Dubois-Depraz chronograph module. Available for $11,600, the watch beats at 28,800 vibrations per hour (4 Hz) and comes in two d…