The sealing of a case against water and dust through gaskets, threaded closures and a screw-down crown, rated by static pressure test.
A watch is a set of steel pivots turning in jewelled bearings, lubricated with oil. Water corrodes the steel, washes away the oil and leaves deposits that bind the train; condensation under the crystal will rust a hairspring within days. The pocket watch was largely protected by the pocket. On the wrist the watch met rain, washing, perspiration and immersion, and the wristwatch of the 1910s was notoriously short-lived for exactly that reason.
The case had three unsealed openings: the joint at the back, the joint at the crystal, and the hole the winding stem passed through, which had to stay free enough to turn. Screwed cases such as Francois Borgel’s of 1891 dealt with the first two. The stem defeated everyone until the crown itself was made into a closure: a screw-down crown, with a clutch so that it can be turned without winding when closed, screwing onto a threaded tube. Combined with a threaded bezel and case back compressing gaskets, that produced the Oyster case of 1926.
Gaskets are consumables. They take a set, harden with age and are attacked by soaps and solvents, so a depth rating is only as good as the last service, and a crown left unscrewed makes it meaningless. The figures on the dial are also commonly misread: a rating in metres is the result of a static pressure test, not a statement about depth in use. ISO 6425 sets what a watch must actually do before it may be called a diver’s watch.