Watch Articles

Most Expensive Watch

December 5, 2018 - Watch Articles
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Lovers of luxury watches are ready to pay a premium on timepieces that are horological masterpieces. Remarkable craftsmanship, high quality materials and illustrious brand reputations all add to the value and prestige of a watch. So while it’s no surprise that luxury watches can come at hefty price points, but how much is the most expensive watch?

Since its reveal in 2014, Graff Diamonds Hallucination has remained the most expensive watch in the world, with a jaw-dropping price of $55 million dollars (over £40 million). Keep reading to learn more about the most expensive watch and why it commands such a remarkable price.

 

Name: Graff Diamonds Hallucination

Price: $55 million (over £40 million)

Carat weight: 110

Movement: Quartz

Debut: 2014

 

What is the most expensive watch

For several years the most expensive watch has been Graff Diamonds Hallucination which commands an outstanding $55 million dollars (over £40 million). Graff Diamonds Hallucination is a ladies watch that debuted during Baselworld’s watch and jewellery fair in 2014. Due to the Hallucination’s astonishing 110 carats of diamonds, meticulous attention to detail and remarkable craftsmanship, this timepiece quickly captured the world’s interest. Laurence Graff, founder of Graff Diamonds explained that, “The Graff Hallucination is a sculptural masterpiece, a celebration of the miracle of coloured diamonds.”

What is the Most expensive watch

The Hallucination is entirely encrusted in a rainbow of diamonds ranging from fancy blue, orange, yellow, pink and green diamonds. The diamonds have also been fashioned into various cuts including rounds, pears, marquise, hearts and emeralds, all of which needed to be carefully inserted by hand into the watch. The watch’s petite dial and bezel are covered in pink diamonds. To add to the Hallucination’s innovative design, its hidden clasp only opens once pressure is applied to a specific diamond.

Undoubtedly, the Hallucination is a testament to Graff’s masterful craftsmanship, collection of exceptional diamonds and unbound creativity. As to why he wished to create the most expensive watch, Graff stated, “For many years I have thought about creating a truly remarkable watch that illustrates our all-consuming passion for diamonds. The Hallucination has made my dream a reality.” It took an experienced team of craftsmen, gemmologists and designers thousands of hours to create the Hallucination. To obtain the necessary gemstones, gemmologists spent several months carefully sourcing stones that would complement each other within the timepiece. This almost whimsical assortment of diamond colours and shapes illustrates the duality of the Hallucination as a masterful timepiece and breathtaking piece of jewellery.

 

Who are Graff Diamonds

Graff Diamonds was established by Laurence Graff, a self-taught gemmologist who began creating his own jewellery pieces at a young age. By the age of 24 he had already opened two jewellery stores in London. When he turned 30, Graff had established one of the largest jewellery manufacturing business in Britain. To reach a wider clientele, Graff began to journey across the world with his designs to which he soon met wide success.

What is the Most expensive watch

Throughout Graff’s career he was able to work with the finest of diamonds, both historic and newly discovered, he explained that, “The House of Graff stands for the finest, the rarest and only the very best stones.” Today Graff’s prestigious company is still celebrated for their outstanding craftsmanship, creativity and marvellous gemstones. With all of these factors, it comes as no surprise that Graff has created the most expensive watch.

 

How to upgrade your watch collection

Has the most expensive watch inspired you to upgrade to the watch collection of your dreams? The good news is that you can update your watch collection without breaking the bank. When you work with WP Diamonds, we’ll help you get the funds to go towards your next favourite timepiece. We are expert online luxury watch, loose diamond and fine jewellery buyers with a professional selling service. Thanks to our horologists, rich understanding of the second-hand market and global network of connections, we will provide you with competitive offers. When you sell your luxury items to us, you will receive payment in as little as 48 hours after completing our online form. Our simple, fast and free service has earned us hundreds of great customer reviews.

Not only will WP Diamonds help you get the funds to go towards a new timepiece quickly and easy, but with our upgrade program, you can also receive 10% more on your offer with one of our partners in the form of store credit. Our upgrade service is entirely free, just keep in mind that you will need to add VAT to the final price of the item that you are trading in for as US companies show prices without tax included.

 

 

How to sell with WP Diamonds

In just three steps you can sell your luxury watches, loose diamonds and fine jewellery with WP Diamonds and soon enjoy new funds.

  1. Get a price quote: Complete our simple online form with information about your luxury watches, loose diamonds and fine jewellery to receive a custom price quote. If you are interested in our upgrade program be sure to let us know when you complete the form.
  1. Receive an evaluation: We provide two convenient and free methods for having your pieces evaluated. You can either schedule an appointment at one of our comfortable and secure offices throughout the UK or utilize our entirely free and secure mailing service. We will provide you with a Royal Mail Special Delivery pack so your items will be safe, fully insured, and trackable. As soon as our experts are able to assess your luxury watches, loose diamonds and fine jewellery we will contact you will a firm buying offer and a detailed explanation of how we came to that number.
  1. Get paid: You may accept your payment by bank transfer. Best of all, there are never any hidden fees or commissions, so the final price you hear is exactly how much you will get paid. There is no obligation to sell and you can request to have your items returned to you through another free Royal Mail Special Delivery Pack.

Click the button below to see how much you can get paid for your luxury watches, loose diamonds and jewellery today.

Author
Bio: Written by one of our diamond, designer jewelry or luxury watch experts. With over 150 years of combined experience, our experts are able to comment on trends, share industry knowledge and provide diamond, designer jewelry and luxury watch education.

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