This Is the World's Most Expensive Watch

Photo 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.