The invention discloses a wrist watch hour and minute hand planet display transmission mechanism. Kinetic energy of a movement is transmitted to an hour wheel. A minute hand disk and a base plate are connected as one body through position nail tubes. An upper hour wheel is fixedly installed on the hour wheel and is meshed with a planet wheel part. The planet wheel part is meshed with a planet central wheel and an hour plate wheel respectively. The hour plate wheel is meshed with an intermediate wheel part. A wheel tube of the hour plate wheel passes through a revolution hole in the minute hand disk and drives an hour disk installed on the wheel tube to rotate. The intermediate wheel part is meshed with an intermediate wheel, the intermediate wheel is meshed with an hour wheel part, and the intermediate wheel drives an hour pointer installed on the hour wheel part to rotate. The beneficial effects are that a power supply is output by the hour wheel and wheel train meshed transmission movement is adopted, so that problems that the load of the minute wheel is over large as the minute wheel adopts direct output, and center of gravity offset causes the minute wheel sheet friction and the transmission failure are effectively solved; and the movement energy loss is greatly reduced as a ball bearing is connected with a base plate.