I am most grateful to you all for your generous attention to my request; I have given you all a like. Between you, you have offered practical advice about the restoration, thoughts about the expense involved, appraisal of the watch's current technical and aesthetic condition, and comments about the options open to me. To answer SteveP's direct question: yes, I was including the bracelet in my thoughts about restoration.
I was never thinking of making any money out of having the watch restored: it was purely with a view to continue wearing it. Aside from the hassle of battery changes, it meets my needs entirely and its design and size please me more than anything I can find (new or used). However, even leaving aside the stretched bracelet - which I can't say I had noticed; it's even in appearance and functions perfectly well - I am not surprised to have it confirmed that the costs (not to mention the palaver) involved in restoration are out of proportion to the benefits.
I am cheered by Jim Dollares's comment that the watch's currently distressed appearance is attractive in its own way. I was already thinking that I would do as imagwai perceptively suggests and buy a nice new watch (of a different make, if I'm allowed to say that on here), while keeping this one for high-stress activities such as gardening and DIY.
Many thanks again for all the comments, information and ideas.
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