A timepiece is provided with a liquid crystal display panel (10) capable of displaying at least either of time information and calendar information, and comprising a liquid crystal cell having a liquid crystal layer sealed in between a pair of transparent substrates, having an electrode on each of the inner surfaces thereof, facing each other, an absorption-type polarizing film disposed on the visible side of the liquid crystal cell, for absorbing the light linearly polarized in the direction orthogonal to the transmission axis thereof, a reflection-type polarizing film disposed on the side of the liquid crystal cell opposite from the visible side thereof for reflecting the light linearly polarized in the direction orthogonal to the transmission axis thereof, and a color filter disposed on the visible side of the absorption-type polarizing film, or between the absorption-type polarizing film and the reflection-type polarizing film.