Ferrari->ke252 is synonymous with power and luxury and those apt descriptions even extend outside of the brand’s familiar lineup of supercars.->ke177 The Italian automaker has also created quite the niche as a producer of luxury timepieces, and it’s most recent offering, the Scuderia Ferrari D50 Chronograph, is special for a multitude of reasons.

The D50 name is actually taken from the old Lancia D50, a Formula One race car->ke148 designed by Vittorio Jano for Lancia in 1954 and before Ferrari inherited it in 1955 following Lancia’s withdrawal from Formula One.->ke662 Maranello continued developing the car before later renaming it the Ferrari D50 and putting it in the capable hands of Juan Manual Fangio, who steered the car to the 1956 Formula One Drivers World Championship.

The Ferrari D50 Chronograph isn't as exclusive nor is it as expensive as the the Hublot Big Bang Ferrari USA 60th Anniversary, another recently unveiled Ferrari timepiece.

It's actually far more affordable at just €295 a piece, which is about $375 based on exchange rates as of 11/03/2014.

Click past the jump to read more about the Scuderia Ferrari D50 Cronograph.

Scuderia Ferrari D50 Cronograph in detail

There’s a lot of history attributed to the Ferrari D50, which is precisely why Ferrari decided to honor the iconic single-seat race car with its own timepiece. The D50 Chronograph exudes the feel of a 50’s timepiece, right down to the vintage leather straps with contrast stitching, the fluidly elongated lugs, and the glare-reducing dome crystal surface that was a popular feature among wrist watches from that specific time period.

If you're looking for a strap that's a bit more modern, the D50 Chronograph also comes with a black leather strap with an off-centered strip running through the dial.

Inside the surface, the traditional 1 to 12 numerals on most watches were replaced with 0 to 60 numerals increments of five to highlight the second equivalent of a full minute. The watch’s surface is mostly finished in gold with two notable exceptions: the silver-toned Racing Shield logo intentionally placed where the "0" should have been and the red “rev counter” on the upper right edge of the surface.

Finally, red pusher accents and twin sub-dials were positioned side by side at 3 and 9 o’clock, as is the case for chronograph watches, creating the full and ubiquitous look of a real Ferrari-branded timepiece.