Made by APS factory, which is famous for making the best quality replicas of AP 15400 and 15500. This is the frosted gold version of AP Royal Oak 15500. APS factory has made improvements on their 15400 and 15500 for several times, especially on the dial. This 15500 replica with white dial is supposed to be the best one in the market, if you want an AP 15400 or 15500 replica with white dial, just choose from APS factory.