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Armani Exchange Three-Hand Rose Gold-Tone Steel Ladies Watch
Ref. AX5536
Part of the Armani Exchange Lola Collection, this is an ultra-thin dress watch at 36mm wide and just 6mm through the case, finished in polished gold-tone PVD over stainless steel. The sunray gold dial carries baton indexes with crystal tips and matching gold-tone hands, read through a scratch-resistant mineral crystal. A 16mm stainless steel mesh bracelet completes the look, fitted with a fold-over sliding clasp that allows the fit to be adjusted without tools. Water resistance is rated to 50 metres.
- Reference
- AX5536
- Brand
- Armani Exchange
- Case size
- 36mm
- Case thickness
- 6mm
- Lug width
- 16mm
- Case material
- Gold PVD
- Case shape
- Round
- Dial
- Gold
- Crystal
- Mineral
- Movement
- Quartz
- Water resistance
- 50m
- Bracelet / strap
- Mesh bracelet
- Strap colour
- Gold
- Clasp
- Folding clasp
- Retailer
- Goldsmiths
Learn more about Armani Exchange
Giorgio Armani launched A|X Armani Exchange in the United States in 1991, positioned below Emporio Armani as the group's most accessible line. Where the parent label drew on Milanese tailoring, Armani Exchange took its cues from street style and club culture, and priced itself accordingly.
Ownership took years to settle. A joint venture with Como Holdings was formed in 2005 to accelerate the line's growth, with Armani initially holding a minority stake. He bought a further quarter in 2008 and the remainder in 2014, bringing the brand fully in-house. In 2017 Armani Jeans was folded into it, consolidating the group's casual offering under one name.
The watches are made under licence by Fossil Group, the same manufacturer behind the Emporio Armani line, and they sit at a similar price point. The styling is the difference. Armani Exchange runs larger, brighter and more heavily branded than its sibling, with visible logos and bolder case treatments, which is the point rather than an oversight.
- 1991
- A|X Armani Exchange launches in the United States.
- 2005
- Presidio Holdings joint venture formed to expand the line.
- 2014
- Giorgio Armani takes full ownership of the brand.
- 2017
- Armani Jeans is folded into Armani Exchange.
Also in 5 collections
This watch appears in Watches Under 37mm (1,494), Women's Watches (1,397), Gold Watches (574), Watch Price Drops (291) and Mesh Bracelet Watches (174).
Temporarily out of stock
Goldsmiths is not currently taking orders for this reference. Last listed as available on 23 August 2026. Stock is checked nightly and this page updates when it returns.
Price history
This watch is currently at its lowest recorded price. It reached £169 on 10 August. Prices are checked every day, and we record any changes.
Armani Exchange Three-Hand Rose Gold-Tone Steel alternatives
Watches from other brands at a similar price, style and size, so you can see what else your budget can buy.
| Specification | AX5536 | 1540176 | MJ1533 |
|---|---|---|---|
| Price | £127 | £125 | £129 |
| Case size | 36mm | 36mm | 36mm |
| Water resistance | 50m | 50m | 50m |
| Movement | Quartz | Quartz | Quartz |
| Strap | Mesh bracelet | Stainless steel bracelet | Leather strap |
| This watch | Closely matched | Closely matched |
Your new watch
Frequently asked questions, and things you should know about this watch
Can I swim with it?
Showering yes, swimming no. 50m covers splashes and brief immersion, but a swimming stroke generates well above the pressure that figure describes.
Water resistance explainedWill the glass scratch?
It can, over time. Mineral glass handles daily wear but will pick up fine scratches that sapphire would not.
Sapphire, mineral and acrylic comparedDoes it need a battery?
Yes. It is quartz, so expect a battery change every two to three years at a jeweller.
Quartz, automatic and solar comparedWhat size strap does it take?
16mm. Any strap of that width will fit, and on most modern watches quick-release bars make the swap a two-minute job with no tools.
Is it a men's or women's watch?
Listed as women's, though at 36mm it sits in the range that suits anyone.
Has the price changed recently?
It's currently at its lowest recorded price since we began tracking it. It's ranged between £127 and £169, today it's £127.
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