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Parmigiani Fleurier, Fibonacci Pocket Watch
Price: $2,400,000

Franck Muller, Aeternitas Mega 4
Price: $2,700,000
The watch, which contains 1,483 components, has 36 complications, the most of any watch in the world.

Piaget, Emperador “Temple”
Price: $3,300,000

The Piaget Emperador “Temple” actually has two hidden watches that are revealed by pushing down on certain parts. On one watch, the case is set with 481 brilliant-cut diamonds, 207 baguette-cut diamonds, and an emerald-cut diamond on the top of the case. On the second watch, which has a tourbillion and a 40-hour power reserve, the Polynesian mother-of-pearl dial is set with 162 brilliant-cut diamonds and 11 baguette-cut diamonds. The bracelet is set with 350 baguette-cut diamonds. This one-of-a-kind piece has already sold, but Piaget says other double secret watches can be commissioned. Piaget is owned by Richemont.

© 2012 Bloomberg L.P.

PS $5 Million Hublot – Baselworld’s Most Expensive Watch

Ever since Jean-Claude Biver became CEO of Hublot, the brand has never shied away from the spotlight. Even with Biver stepping down, they’ve made no exception at this year’s Baselworld. Not only have they taken the title of “Most Expensive Watch” at the Baselworld show at $5 million, they’ve already found a buyer! The lucky owner is the Hour Glass, a luxury watch retailer in Singapore. If you recall a similar diamond covered watch from Hublot last year, that piece had a $3 million price tag.

To make the most expensive watch Hublot has produced, they employed a variety of diamond cutters and setters and sourcing an array of diamonds to help fit the watch, over 1,200 were used. This totaled around 100 carats of baguette cut diamonds, with 6 massive square emerald-cut stones weighing 3 carats each.

To create a completely flawless piece, an incredible amount of time was needed to find diamonds consistent of quality and color, then to craft them to perfectly fit the white gold Big Bang case and bracelet. Building the watch took 14 months, 7 months of time from 12 diamond cutters and then another 7 months from 5 diamond setters. Every diamond on this brilliant timepiece was graded A for both color and quality.

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