Bill, hope it's ok to add some info to your post...
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Only an ancestral relationship between Frederic Piguet and Audumars and
(Edward Piguet) Piguet....
Frederic Piguet is an independent movement maker behind Blancpain...
Omega partnered With Piguet for the Co-design...
Early issues with the Piguet movements 33XX....most of those were
earlier models..Newer models incorporate the George Daniels Co-Axial Escapement...
In my opinion, these movements are probably mid to higher end...
Mike