diff --git a/hibernate-core/src/main/java/org/hibernate/annotations/UpdateTimestamp.java b/hibernate-core/src/main/java/org/hibernate/annotations/UpdateTimestamp.java
new file mode 100644
index 0000000000..db584bce48
--- /dev/null
+++ b/hibernate-core/src/main/java/org/hibernate/annotations/UpdateTimestamp.java
@@ -0,0 +1,49 @@
+/*
+ * Hibernate, Relational Persistence for Idiomatic Java
+ *
+ * Copyright (c) 2013, Red Hat, Inc. and/or its affiliates or third-party contributors as
+ * indicated by the @author tags or express copyright attribution
+ * statements applied by the authors.  All third-party contributions are
+ * distributed under license by Red Hat, Inc.
+ *
+ * This copyrighted material is made available to anyone wishing to use, modify,
+ * copy, or redistribute it subject to the terms and conditions of the GNU
+ * Lesser General Public License, as published by the Free Software Foundation.
+ *
+ * This program is distributed in the hope that it will be useful,
+ * but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY
+ * or FITNESS FOR A PARTICULAR PURPOSE.  See the GNU Lesser General Public License
+ * for more details.
+ *
+ * You should have received a copy of the GNU Lesser General Public License
+ * along with this distribution; if not, write to:
+ * Free Software Foundation, Inc.
+ * 51 Franklin Street, Fifth Floor
+ * Boston, MA  02110-1301  USA
+ */
+package org.hibernate.annotations;
+
+import java.lang.annotation.Retention;
+import java.lang.annotation.RetentionPolicy;
+
+import org.hibernate.tuple.UpdateTimestampGeneration;
+
+/**
+ * Marks a property as the update timestamp of the containing entity. The property value will be set to the current VM
+ * date whenever the owning entity is updated.
+ * <p>
+ * Supported property types:
+ * <ul>
+ * <li>{@link java.util.Date}</li>
+ * <li>{@link java.util.Calendar}</li>
+ * <li>{@link java.sql.Date}</li>
+ * <li>{@link java.sql.Time}</li>
+ * <li>{@link java.sql.Timestamp}</li>
+ * </ul>
+ *
+ * @author Gunnar Morling
+ */
+@ValueGenerationType(generatedBy = UpdateTimestampGeneration.class)
+@Retention(RetentionPolicy.RUNTIME)
+public @interface UpdateTimestamp {
+}
diff --git a/hibernate-core/src/main/java/org/hibernate/tuple/CreationTimestampGeneration.java b/hibernate-core/src/main/java/org/hibernate/tuple/CreationTimestampGeneration.java
index 040fe72fac..4c5f61d8c1 100644
--- a/hibernate-core/src/main/java/org/hibernate/tuple/CreationTimestampGeneration.java
+++ b/hibernate-core/src/main/java/org/hibernate/tuple/CreationTimestampGeneration.java
@@ -29,7 +29,6 @@ import java.util.Calendar;
 import java.util.Date;
 
 import org.hibernate.HibernateException;
-import org.hibernate.Session;
 import org.hibernate.annotations.CreationTimestamp;
 
 /**
@@ -44,19 +43,19 @@ public class CreationTimestampGeneration implements AnnotationValueGeneration<Cr
 	@Override
 	public void initialize(CreationTimestamp annotation, Class<?> propertyType) {
 		if ( java.sql.Date.class.isAssignableFrom( propertyType ) ) {
-			generator = new CreationTimestampGeneratorForSqlDate();
+			generator = new TimestampGenerators.CurrentSqlDateGenerator();
 		}
 		else if ( Time.class.isAssignableFrom( propertyType ) ) {
-			generator = new CreationTimestampGeneratorForSqlTime();
+			generator = new TimestampGenerators.CurrentSqlTimeGenerator();
 		}
 		else if ( Timestamp.class.isAssignableFrom( propertyType ) ) {
-			generator = new CreationTimestampGeneratorForSqlTimestamp();
+			generator = new TimestampGenerators.CurrentSqlTimestampGenerator();
 		}
 		else if ( Date.class.isAssignableFrom( propertyType ) ) {
-			generator = new CreationTimestampGeneratorForDate();
+			generator = new TimestampGenerators.CurrentDateGenerator();
 		}
 		else if ( Calendar.class.isAssignableFrom( propertyType ) ) {
-			generator = new CreationTimestampGeneratorForCalendar();
+			generator = new TimestampGenerators.CurrentCalendarGenerator();
 		}
 		else {
 			throw new HibernateException( "Unsupported property type for generator annotation @CreationTimestamp" );
@@ -82,46 +81,4 @@ public class CreationTimestampGeneration implements AnnotationValueGeneration<Cr
 	public String getDatabaseGeneratedReferencedColumnValue() {
 		return null;
 	}
-
-	private static class CreationTimestampGeneratorForDate implements ValueGenerator<Date> {
-
-		@Override
-		public Date generateValue(Session session, Object owner) {
-			return new Date();
-		}
-	}
-
-	private static class CreationTimestampGeneratorForCalendar implements ValueGenerator<Calendar> {
-
-		@Override
-		public Calendar generateValue(Session session, Object owner) {
-			Calendar calendar = Calendar.getInstance();
-			calendar.setTime( new Date() );
-			return calendar;
-		}
-	}
-
-	private static class CreationTimestampGeneratorForSqlDate implements ValueGenerator<java.sql.Date> {
-
-		@Override
-		public java.sql.Date generateValue(Session session, Object owner) {
-			return new java.sql.Date( new Date().getTime() );
-		}
-	}
-
-	private static class CreationTimestampGeneratorForSqlTime implements ValueGenerator<Time> {
-
-		@Override
-		public Time generateValue(Session session, Object owner) {
-			return new Time( new Date().getTime() );
-		}
-	}
-
-	private static class CreationTimestampGeneratorForSqlTimestamp implements ValueGenerator<Timestamp> {
-
-		@Override
-		public Timestamp generateValue(Session session, Object owner) {
-			return new Timestamp( new Date().getTime() );
-		}
-	}
 }
diff --git a/hibernate-core/src/main/java/org/hibernate/tuple/TimestampGenerators.java b/hibernate-core/src/main/java/org/hibernate/tuple/TimestampGenerators.java
new file mode 100644
index 0000000000..73b8188517
--- /dev/null
+++ b/hibernate-core/src/main/java/org/hibernate/tuple/TimestampGenerators.java
@@ -0,0 +1,81 @@
+/*
+ * Hibernate, Relational Persistence for Idiomatic Java
+ *
+ * Copyright (c) 2013, Red Hat Inc. or third-party contributors as
+ * indicated by the @author tags or express copyright attribution
+ * statements applied by the authors.  All third-party contributions are
+ * distributed under license by Red Hat Inc.
+ *
+ * This copyrighted material is made available to anyone wishing to use, modify,
+ * copy, or redistribute it subject to the terms and conditions of the GNU
+ * Lesser General Public License, as published by the Free Software Foundation.
+ *
+ * This program is distributed in the hope that it will be useful,
+ * but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY
+ * or FITNESS FOR A PARTICULAR PURPOSE.  See the GNU Lesser General Public License
+ * for more details.
+ *
+ * You should have received a copy of the GNU Lesser General Public License
+ * along with this distribution; if not, write to:
+ * Free Software Foundation, Inc.
+ * 51 Franklin Street, Fifth Floor
+ * Boston, MA  02110-1301  USA
+ */
+package org.hibernate.tuple;
+
+import java.sql.Time;
+import java.sql.Timestamp;
+import java.util.Calendar;
+import java.util.Date;
+
+import org.hibernate.Session;
+
+/**
+ * Generators for obtaining the current VM timestamp in different representations.
+ *
+ * @author Gunnar Morling
+ */
+/* package */ interface TimestampGenerators {
+
+	class CurrentDateGenerator implements ValueGenerator<Date> {
+
+		@Override
+		public Date generateValue(Session session, Object owner) {
+			return new Date();
+		}
+	}
+
+	class CurrentCalendarGenerator implements ValueGenerator<Calendar> {
+
+		@Override
+		public Calendar generateValue(Session session, Object owner) {
+			Calendar calendar = Calendar.getInstance();
+			calendar.setTime( new Date() );
+			return calendar;
+		}
+	}
+
+	class CurrentSqlDateGenerator implements ValueGenerator<java.sql.Date> {
+
+		@Override
+		public java.sql.Date generateValue(Session session, Object owner) {
+			return new java.sql.Date( new Date().getTime() );
+		}
+	}
+
+	class CurrentSqlTimeGenerator implements ValueGenerator<Time> {
+
+		@Override
+		public Time generateValue(Session session, Object owner) {
+			return new Time( new Date().getTime() );
+		}
+	}
+
+	class CurrentSqlTimestampGenerator implements ValueGenerator<Timestamp> {
+
+		@Override
+		public Timestamp generateValue(Session session, Object owner) {
+			return new Timestamp( new Date().getTime() );
+		}
+	}
+}
diff --git a/hibernate-core/src/main/java/org/hibernate/tuple/UpdateTimestampGeneration.java b/hibernate-core/src/main/java/org/hibernate/tuple/UpdateTimestampGeneration.java
new file mode 100644
index 0000000000..e7af5e2f2e
--- /dev/null
+++ b/hibernate-core/src/main/java/org/hibernate/tuple/UpdateTimestampGeneration.java
@@ -0,0 +1,84 @@
+/*
+ * Hibernate, Relational Persistence for Idiomatic Java
+ *
+ * Copyright (c) 2013, Red Hat Inc. or third-party contributors as
+ * indicated by the @author tags or express copyright attribution
+ * statements applied by the authors.  All third-party contributions are
+ * distributed under license by Red Hat Inc.
+ *
+ * This copyrighted material is made available to anyone wishing to use, modify,
+ * copy, or redistribute it subject to the terms and conditions of the GNU
+ * Lesser General Public License, as published by the Free Software Foundation.
+ *
+ * This program is distributed in the hope that it will be useful,
+ * but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY
+ * or FITNESS FOR A PARTICULAR PURPOSE.  See the GNU Lesser General Public License
+ * for more details.
+ *
+ * You should have received a copy of the GNU Lesser General Public License
+ * along with this distribution; if not, write to:
+ * Free Software Foundation, Inc.
+ * 51 Franklin Street, Fifth Floor
+ * Boston, MA  02110-1301  USA
+ */
+package org.hibernate.tuple;
+
+import java.sql.Time;
+import java.sql.Timestamp;
+import java.util.Calendar;
+import java.util.Date;
+
+import org.hibernate.HibernateException;
+import org.hibernate.annotations.UpdateTimestamp;
+
+/**
+ * Value generation implementation for {@link UpdateTimestamp}.
+ *
+ * @author Gunnar Morling
+ */
+public class UpdateTimestampGeneration implements AnnotationValueGeneration<UpdateTimestamp> {
+
+	private ValueGenerator<?> generator;
+
+	@Override
+	public void initialize(UpdateTimestamp annotation, Class<?> propertyType) {
+		if ( java.sql.Date.class.isAssignableFrom( propertyType ) ) {
+			generator = new TimestampGenerators.CurrentSqlDateGenerator();
+		}
+		else if ( Time.class.isAssignableFrom( propertyType ) ) {
+			generator = new TimestampGenerators.CurrentSqlTimeGenerator();
+		}
+		else if ( Timestamp.class.isAssignableFrom( propertyType ) ) {
+			generator = new TimestampGenerators.CurrentSqlTimestampGenerator();
+		}
+		else if ( Date.class.isAssignableFrom( propertyType ) ) {
+			generator = new TimestampGenerators.CurrentDateGenerator();
+		}
+		else if ( Calendar.class.isAssignableFrom( propertyType ) ) {
+			generator = new TimestampGenerators.CurrentCalendarGenerator();
+		}
+		else {
+			throw new HibernateException( "Unsupported property type for generator annotation @UpdateTimestamp" );
+		}
+	}
+
+	@Override
+	public GenerationTiming getGenerationTiming() {
+		return GenerationTiming.ALWAYS;
+	}
+
+	@Override
+	public ValueGenerator<?> getValueGenerator() {
+		return generator;
+	}
+
+	@Override
+	public boolean referenceColumnInSql() {
+		return false;
+	}
+
+	@Override
+	public String getDatabaseGeneratedReferencedColumnValue() {
+		return null;
+	}
+}
diff --git a/hibernate-core/src/test/java/org/hibernate/test/generated/DefaultGeneratedValueTest.java b/hibernate-core/src/test/java/org/hibernate/test/generated/DefaultGeneratedValueTest.java
index beb8621d86..623b21fb07 100644
--- a/hibernate-core/src/test/java/org/hibernate/test/generated/DefaultGeneratedValueTest.java
+++ b/hibernate-core/src/test/java/org/hibernate/test/generated/DefaultGeneratedValueTest.java
@@ -26,6 +26,7 @@ package org.hibernate.test.generated;
 import static org.junit.Assert.assertEquals;
 import static org.junit.Assert.assertNotNull;
 import static org.junit.Assert.assertNull;
+import static org.junit.Assert.assertTrue;
 
 import java.sql.Time;
 import java.sql.Timestamp;
@@ -43,6 +44,7 @@ import org.hibernate.annotations.CreationTimestamp;
 import org.hibernate.annotations.Generated;
 import org.hibernate.annotations.GenerationTime;
 import org.hibernate.annotations.GeneratorType;
+import org.hibernate.annotations.UpdateTimestamp;
 import org.hibernate.testing.TestForIssue;
 import org.hibernate.testing.junit4.BaseCoreFunctionalTestCase;
 import org.hibernate.tuple.ValueGenerator;
@@ -85,7 +87,7 @@ public class DefaultGeneratedValueTest extends BaseCoreFunctionalTestCase {
 
 		s = openSession();
 		s.beginTransaction();
-		theEntity = (TheEntity) session.get( TheEntity.class, 1 );
+		theEntity = (TheEntity) s.get( TheEntity.class, 1 );
 		assertNotNull( theEntity.createdDate );
 		assertNotNull( theEntity.vmCreatedDate );
 		assertNotNull( theEntity.vmCreatedSqlDate );
@@ -98,6 +100,47 @@ public class DefaultGeneratedValueTest extends BaseCoreFunctionalTestCase {
 		s.close();
 	}
 
+	@Test
+	@TestForIssue(jiraKey = "HHH-2907")
+	public void testUpdateTimestampGeneration() {
+		Session s = openSession();
+		s.beginTransaction();
+		TheEntity theEntity = new TheEntity( 1 );
+		assertNull( theEntity.updated );
+		s.save( theEntity );
+
+		//TODO: Actually the value should be non-null after save
+		assertNull( theEntity.updated );
+		s.getTransaction().commit();
+		s.close();
+
+		Timestamp created = theEntity.vmCreatedSqlTimestamp;
+		Timestamp updated = theEntity.updated;
+		assertNotNull( updated );
+		assertNotNull( created );
+
+		s = openSession();
+		s.beginTransaction();
+
+		theEntity = (TheEntity) s.get( TheEntity.class, 1 );
+		theEntity.lastName = "Smith";
+
+		s.getTransaction().commit();
+		s.close();
+
+		s = openSession();
+		s.beginTransaction();
+
+		theEntity = (TheEntity) session.get( TheEntity.class, 1 );
+
+		assertEquals( "Creation timestamp should not change on update", created, theEntity.vmCreatedSqlTimestamp );
+		assertTrue( "Update timestamp should have changed due to update", theEntity.updated.after( updated ) );
+
+		s.delete( theEntity );
+		s.getTransaction().commit();
+		s.close();
+	}
+
 	@Override
 	protected Class<?>[] getAnnotatedClasses() {
 		return new Class[] { TheEntity.class };
@@ -129,10 +172,15 @@ public class DefaultGeneratedValueTest extends BaseCoreFunctionalTestCase {
 		@CreationTimestamp
 		private Timestamp vmCreatedSqlTimestamp;
 
+		@UpdateTimestamp
+		private Timestamp updated;
 
 		@GeneratorType( type = MyVmValueGenerator.class, when = GenerationTime.INSERT )
 		private String name;
 
+		@SuppressWarnings("unused")
+		private String lastName;
+
 		private TheEntity() {
 		}