This is a charming ladies' Art Deco cocktail watch from the late 1920s to early 1930s, produced under the Central Watch Co. brand. Here's a detailed breakdown based on the photos and historical context:
Identification and Brand HistoryCase DetailsMovementValue and MarketSimilar Central Watch Co. Benrus Art Deco ladies' pieces (working, gold-filled, cord band) sell for $150–$400 on eBay/completed listings, depending on condition.