The second part means « of the victory 1941-1945 » followed by some initials.
my take on that is that the 40th anniversary is not of Mr. Ivanov but victory 1941-1945, possibly WWII, which would lead to a watch from ~1980s 😀
Historically, the Peterhof (later known as Raketa) factory was specialized in precious stones and in supplying jewels to other factories in soviet times; they always had a specific knowledge about handling stones, and produced dials from various semi precious stones.
The southerners in the US are expert at the backhanded compliment using such phrases.
Bless your heart. 😁
“I can understand how you would like that”
Do I like your watch? Well, that is certainly a style.
Even if a bit expensive🙄
https://www.ebay.fr/itm/Very-Rare-U...042039?hash=item3fc7eb8a77:g:fisAAOSwJRFdMze~
I've never been more certain than OF has been infiltrated by Russian agents than I am now...
Coming somewhat late to this, my translation is "To N. P Ivanov, to commemorate [literally, "in honour of"] the 40th anniversary of victory, 1941-1945." I agree with @Rochete on the meaning of the initials that follow, which I would translate as "The Leningrad "Petrodvoryets Watch Factory" Production Association."
SORRY BUT WE DONT SHIP TO ITALY, BULGARIA OR BELGIUM COUNTRIES. PLEASE, DONT EVEN ASK US WHY!
