The comment at the bottom makes sense
“I don’t think they could have it any other way even if they wanted to, there’s likely a powerful magnet pulling the sphere towards the clock all the time and an electromagnet repelling the ball at a closer distance to the face, so when the power goes out, the powerful magnet is free to continue pulling the ball without interference.”
The powerful permanent magnet would be arranged a three north poles in a triangle, or a north pole arranged in a ring. That and the electromagnet would be placed on a platen that rotates once around the clock face every 12 hours. On power out, the platen position resets to 12 o’clock.
Capacitative feedback could be used to change the electromagnet strength for stabilising the height.
But I still don’t understand, not without a 3-D map of the magnetic field.