I've always had a thing for dive watches, so I was excited to find a minty used AT 3538-04 (titanium and rubber) at the leading watch repair shop here in Austin. No sooner than I got home, however, it occurred to me that I could not find the serial number. I looked and looked, but nothing. Today I got out a loupe and had a close look under bright sunlight. Sure enough, barely visible just over the word "Aquatimer," was the faintest serial number, which matched the number on the warranty card. Although I had no reason to believe the watch was anything but authentic, it was a relief to find those practically invisible numbers.
My question is this: On my other IWCs--all steel--the serial number is clearly visible, even after years of wear. This number on this watch is absolutely invisible to the unaided eye. The watch is, of course, maybe as much as 12 years old, but is this vanishing act typical for titanium cases?