Business

This Is the World’s Most Expensive Watch

This is the World’s Most Expensive WatchPhoto Source: Reuters, Christian Hartmann

Hublot is a renowned maker of extremely fine — and expensive — watches. They are also well-known for creating “over-the-top“ designs and several ”world’s firsts,” as indicated on the company’s website.

But the Swiss watchmaker may have outdone itself with its latest creation.

The company unveiled Wednesday its most expensive watch, which carries a price tag of $5 million and is inlaid with more than 1,200 diamonds, according to the AFP. The design includes six stones that weigh more than 3 carats each.

Jean-Claude Biver, president of the watch company which is owned by French luxury giant LVMH, said it would be difficult to create a more expensive watch “because the surface of the watch is limited,” the AFP reports.

It took 17 people 14 months to set the more than 140 carats of diamonds on the watch’s white gold bracelet, said Biver.

Watch the dangerously underwhelmed CNBC presentation on the world’s most expensive watch:

Amazingly enough, and despite the watch’s enormous price tag, several investors have expressed interest in acquiring it, said Biver.

Comments (71)

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  • Kerstile
    Posted on March 10, 2012 at 7:06am

    It’s a piece of art folks. Only worth what art investors are willing to invest. Diamonds, by the way are plentiful. They are essentially worthless except on the cutting edges of drill bits and Ti, Mo, and W carbides work similarly and are cheaper. This comes under my category: Who cares?

    Did I mention that diamonds have zero nutritional value (even though you can eat them) nor can you grow crops on them? Now a 5.56mm x 45mm cartridge can get me fed for weeks and a good one only costs a buck. (ok, ok. You will need a decent knife and fire, too.)

    Report Post » Kerstile  
  • jujubeebee
    Posted on March 10, 2012 at 7:05am

    Maybe Bill Maher can buy one for the Obamas.

    Report Post »  
    • lukerw
      Posted on March 10, 2012 at 2:08pm

      Maybe… GM can get their French PSA to decorate the Volt!

      Report Post » lukerw  
    • BloodSweatandTears
      Posted on March 10, 2012 at 6:57pm

      Mere pocket change for the one everyone in America owns….the National Deficit Watch.

      Report Post »  
  • EP46
    Posted on March 10, 2012 at 6:56am

    Reminds me that most young voters who go to the polls in Nov. have never worn a watch. Also, how many can tell time by an analog watch instead of digital ? What if the analog watch has roman numerals on it ? Kids have learned a lot, but also lost a lot of great skills.

    Report Post »  
  • IMCHRISTIAN
    Posted on March 10, 2012 at 5:33am

    Before I got to and read the article, I thought it was going to be about the Obama watch in the White House that was Worlds most expensive ever.

    Report Post »  
  • Ruthiehs
    Posted on March 10, 2012 at 4:23am

    We can add that to Pelosium. Our future form of energy, along with algae fuel that cost billions per ounce. Lol

    Report Post »  
  • Mr.Fitnah
    Posted on March 10, 2012 at 3:13am

    ObL
    In referring to the Islamic revolution:
    America has the watches , we have the time.

    Report Post » Mr.Fitnah  
  • Mr.Fitnah
    Posted on March 10, 2012 at 3:07am

    It appears to have no significant complications ?
    Its a blinged out walmart special, no thanks.

    Report Post » Mr.Fitnah  
  • waspanglosaxon
    Posted on March 10, 2012 at 3:02am

    What does a $5 million watch do? It tells the time. What does a $20.00 watch do? Same thing. So why not go with the second choice and invest the difference?

    Report Post » waspanglosaxon  
  • sillyfreshness
    Posted on March 10, 2012 at 2:57am

    I have one on order. Should arrive by next week.

    I saw a Rolex on Pawn Stars (on History Channel) that was all blinged out with diamonds for only $5k

    China is now an economic superpower, thanks to US corporations laying off American workers and moving their manufacturing to China.

    Report Post » sillyfreshness  
  • Mark0331
    Posted on March 10, 2012 at 2:12am

    Greed and Vanity strike again.

    Report Post » Mark0331  
  • Veritas
    Posted on March 10, 2012 at 2:06am

    Wait until they make one out of the newest element which was developed by Obama for new employment. Unobtainium!

    Report Post » Veritas  
  • COFemale
    Posted on March 10, 2012 at 1:10am

    Me too.

    Report Post » COFemale  
  • right-wing-waco
    Posted on March 10, 2012 at 1:02am

    Me too.

    Report Post »  
  • texanpatriot
    Posted on March 9, 2012 at 11:54pm

    I just finished an article concerning over 1 million small children who are faced with famine, many of whom are already malnourished.

    I would hate to own that watch when the Lord returns…

    Report Post » texanpatriot  
    • RepubliCorp
      Posted on March 10, 2012 at 2:47am

      watch makers have to eat too…… God would restrict us to having a Timex and make charity cases of the rest? Silly

      Report Post » RepubliCorp  
    • B_rad
      Posted on March 10, 2012 at 3:04pm

      Very silly, Republicorp. Texan, your comment is no better than the OWS people screaming about the 1%. If I work my butt off and become ultra successful, why shouldn’t I be able to have extravagant luxuries? Of course I, like most people of extreme wealth, would spend a great deal on charity too. Should we lament the billionaires who have 20 bedroom mansions because of the homeless problem? Of course not.

      The free market capitalism our country used to enjoy created untold wealth, and simultaneously brought more people out of poverty and illness than every “benevolent dictator” in the history of man put together.

      Free market capitalism is the best “social justice” program ever conceived. May we return to it some day soon.

      Report Post » B_rad  
  • AllAmericanGirl22
    Posted on March 9, 2012 at 11:51pm

    Holy…wow. Even if I could afford that watch, which I can’t, and even if I actually wasted that much money on it, which I wouldn’t, i don’t think I would wear it for fear of it breaking or losing it ect.

    Report Post » AllAmericanGirl22  
    • bigdaddyt46
      Posted on March 10, 2012 at 4:32am

      or much worse losing your life watch and wallet to thugs world wide. if you wore that in Thailand or the Philippines you’d last about 15 minutes

      Report Post » bigdaddyt46  
  • Silversmith
    Posted on March 9, 2012 at 11:26pm

    So SO wasteful.

    Silversmith

    Report Post » Silversmith  
  • Apple Bite
    Posted on March 9, 2012 at 11:02pm

    No conscience….you have to have that, in order to wear this watch. It’s likely headed to Obama by the end of the year.

    Report Post » Apple Bite  
  • Darmok and Jalad at Tanagra
    Posted on March 9, 2012 at 10:56pm

    When I scuba dived, one of my buddies spent $250 for a really nice dive watch. I bought a $25 water resistant watch. My watch lasted 5 years, his broke after a year and a half. But it look really nice.

    Report Post » Darmok and Jalad at Tanagra  
    • COFemale
      Posted on March 10, 2012 at 1:15am

      Well his watch did quite a bit more than your $25 water resistant one. I bet if you went below or near 100 ft your $25 watch would explode, his wouldn’t. It also tracks depth, time under water, % of saturation, number of dives and probably downloads the data to a computer program.

      So what is your point, other than you say his broke in a year, which I doubt.

      Report Post » COFemale  
    • Darmok and Jalad at Tanagra
      Posted on March 10, 2012 at 1:31am

      I went to 120 ft with that watch many times. Dove mostly at 60-50 ft. Never a problem, digital, timer, and many more functions. After that one went dead, again, I bought a $25 Casio, dove for another 5 years with it. The guys I seen with those expensive watches had more problems setting them, plus they were huge. I will take function over fashion any day.

      Report Post » Darmok and Jalad at Tanagra  
  • right-wing-waco
    Posted on March 9, 2012 at 10:45pm

    I’m going t need 2 of them. One for each suit.

    Report Post »  
  • chips1
    Posted on March 9, 2012 at 10:37pm

    Oh crap. I’m late!!!!

    Report Post »  
  • Itsjusttim
    Posted on March 9, 2012 at 10:33pm

    Actually Father-Time is the world’s most expensive watch.

    Report Post » Itsjusttim  
    • Jenny Lind
      Posted on March 9, 2012 at 11:36pm

      You are right, and it’s not for sale, we cannot even buy one second. I looked at the watch and thought what we worship in wordly goods, stays here on this earth when you leave it. We take nothing except what we have learned and what we did with that knowledge. I sat on the stairs in my beautifull home and told God I didn’t need any of it, all I wanted was for my husband to beat his cancer. He had other plans for him, and I learned who is really in charge and how worthless “stuff” is. I am not bitter either, just wiser.

      Report Post »  
    • Netsurfer2
      Posted on March 10, 2012 at 1:49am

      Jenny, how true you really are and wise beyond your age! I can definitely understand where your coming from! I have lost many people whom I have loved around me and for the life of me cannot understand why I had to go through so much hardship in life! I did not have a father growing up to guide me nor did I get an education in engineering till much later in life. My wife died of cancer and I had to see her like that, she never smoked, yet breast cancer migrated to her lungs and everywhere else. Money is not worth anything, it is the education, the experience and wisdom you learn on the way!

      Now that the high cost of living is here, I paid off all my education and don’t have any debts at all. I live within my means and always continue to study! There will come a time when small businesses will go out of business, because they cannot keep up with the high costs, but the worldly corporations can! I see this being more apparent as time goes!

      Report Post » Netsurfer2  
  • vtxphantom
    Posted on March 9, 2012 at 10:31pm

    Just a tad too tacky for my tastes.

    Report Post »  
  • Itsjusttim
    Posted on March 9, 2012 at 10:31pm

    Oh wow, look at the world’s most expensive watch just look.

    Report Post » Itsjusttim  
  • WhiteFang
    Posted on March 9, 2012 at 10:30pm

    Am I the only one who thinks this showy display of excess is embarrassing?

    What kind of man would want that kind of watch?

    Report Post » WhiteFang  
  • applehill
    Posted on March 9, 2012 at 10:23pm

    George Soros will buy this for his girl friend. There has to be some benefits to sleeping with spooky dude.

    Report Post » applehill  
    • marine249
      Posted on March 9, 2012 at 10:29pm

      he has a girl friend????????????

      you sure not a ____________ fill in as you like

      Report Post »  
    • chips1
      Posted on March 9, 2012 at 10:42pm

      He didn’t understand what she meant when she said she was late!!!

      Report Post »  
    • RJJinGadsden
      Posted on March 9, 2012 at 10:47pm

      MARINE249, Yeah, apparently money can buy almost anything. I hear that he has more than one, and they have gotten into arguments over Soros.

      Report Post » RJJinGadsden  
    • midnightvelvet
      Posted on March 10, 2012 at 1:42pm

      It looks like it‘s a man’s watch. Is George Soros dating Liberace?

      Report Post »  
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