Chanel’s new chain-belt watch links the past to the polished present

Chanel Première sautoir-belt watch, $11,900 Like the house’s storied tweed suits, quilted handbags and two-tone slingbacks, a decorative chain belt is one of Chanel’s signatures. The first models were created by founder Coco Chanel in the 1930s, but it wasn’t until Karl Lagerfeld sent his swaggy versions down the runway in the ’90s that they…