Extravagant Luxury Watches and Their High Prices

Dwayne Johnson's Jacob & Co.

HC
Henry Caldwell

May 8, 2026 · 5 min read

The Jacob & Co. Billionaire III watch, encrusted with nearly 130 carats of diamonds, displayed prominently on a velvet cushion.

Dwayne Johnson's Jacob & Co. Billionaire III, a watch set with nearly 130 carats of diamonds, commands $3.3 million, an unattainable statement piece for most, as reported by Page Six and Robb Report. This timepiece, featuring 714 emerald-cut white diamonds, declares wealth and status, transcending mere timekeeping. Its scale and opulent materials define a luxury segment prioritizing visual impact.

The ultra-luxury watch market booms, yet astronomical prices frequently stem from celebrity endorsement and diamond weight, eclipsing traditional horological artistry. This divergence reveals distinct value drivers: some pieces are revered for intricate movements, others for gem-encrusted designs.

Watches as extreme status symbols, fueled by celebrity culture and diamond embellishments, will likely persist, driving prices and exclusivity higher. This trend establishes brands like Jacob & Co. as new arbiters of overt wealth, shifting beyond traditional horological connoisseurship.

Beyond the Billionaire: Other Million-Dollar Marvels

  • $1.5 million — Russell Wilson wore a Jacob & Co. Astronomia Meteorite, featuring a rose gold case, triple-axis tourbillon, meteorite dial, and triangle-cut diamonds, according to Luxury Bazaar. Its valuation reflects complex mechanics, rare materials, and meticulous gem-setting.
  • $500,000 — Mark Zuckerberg wore a George Daniels Anniversary Number 24, valued for its rarity and horological mastery, according to Financial Express and elitetraveler. This price point proves exceptional craftsmanship and historical significance command substantial value, often surpassing mere material cost.

The market rewards both overt opulence and discreet, profound horological achievement, suggesting a nuanced appreciation among the ultra-wealthy.

Red Carpet Royalty: Celebrity Watch Spotting

1. Patek Philippe Grandmaster Chime Ref. 6300G-001 (Jay-Z's)

Jay-Z's Patek Philippe Grandmaster Chime Ref. 6300G-001, valued at $8.5 million by elitetraveler (and reportedly $6 million by Financial Express), represents the pinnacle of horological complexity. Worn by JAY-Z at the Met Gala 2026, as reported by Hypebeast, this timepiece boasts 20 complications, 1366 parts, and 108 jewels, making it one of the world's most intricate wristwatches. It appeals to discerning collectors who prioritize unparalleled engineering, significant brand prestige, and high investment potential, despite its extreme cost, limited availability, and demanding functionality. | Price: $8.5 million (elitetraveler)

2. Jacob & Co. Billionaire (Usher's Ruby version)

Usher's ruby-set Billionaire watch, priced at $5 million by Page Six, amplifies the original's extravagance with a unique gem setting. This piece is ideal for celebrities and ultra-high-net-worth individuals seeking ultimate visual ostentation and celebrity association, though its value is heavily tied to material cost rather than horological innovation, limiting its appeal beyond extreme wealth display. | Price: $5 million

3. Jacob & Co. Billionaire III (Dwayne Johnson's)

Dwayne Johnson's $3.3 million Jacob & Co. Billionaire III, detailed by Robb Report, is set with 714 emerald-cut white diamonds totaling nearly 130 carats. Its 54mm case ensures a prominent presence, making it ideal for public figures aiming for an undeniable display of wealth and luxury. Its immense diamond coverage and strong celebrity endorsement offer immediate recognition as a luxury item, though its focus on gem weight over movement complexity makes it impractical for daily wear. | Price: $3.3 million

4. Jacob & Co. Astronomia Meteorite (Russell Wilson's)

Russell Wilson's Astronomia Meteorite, priced at approximately $1.5 million by Luxury Bazaar, features a rose gold case, a triple-axis tourbillon, a meteorite dial, and triangle-cut diamonds. This watch suits collectors seeking a blend of complex mechanics, rare materials, and visual spectacle, offering an innovative triple-axis tourbillon and genuine meteorite, despite its high price point and large case size. | Price: $1.5 million

5. Hublot Big Bang Unico (Luke Evans')

Luke Evans' Hublot Big Bang Unico, featuring a white-gold case adorned with 334 diamonds totaling 17.2 carats, as reported by Robb Report, implies a multi-million dollar valuation. This piece is for individuals who appreciate bold design and significant diamond embellishment in a contemporary style, offering extensive diamond setting and a modern aesthetic, though its price is largely driven by diamond content, and its specific design may not appeal to traditionalists. | Price: Implied multi-million dollar valuation

6. Jacob & Co. Astronomia Sky | White Gold

This Astronomia Sky model, with a regular price of $748,000.00 USD according to Maddaloni Jewelers, is powered by a hand-wound movement with 395 components, boasting a 60-hour power reserve and a flying triple-axis tourbillon. It appeals to enthusiasts desiring intricate mechanical artistry and celestial display at a high-luxury, yet sub-million-dollar, price point, offering significant engineering despite its substantial size and cost. | Price: $748,000

Major events like the Met Gala serve as prime showcases for celebrities to display unique and often vintage or custom-made luxury watches, further cementing their status as cultural artifacts. These appearances highlight the diverse approaches to luxury, from pure horological mastery to extravagant gem-setting.

Unique Designs and Rare Finds

Watch ModelKey FeatureValue DriverApproximate Price
Mark Zuckerberg's George Daniels Anniversary Number 24Rare independent watchmaking, specific number in a limited seriesRarity, horological mastery, historical significance$500,000
Skepta's Audemars Piguet Royal Oak 'Jumbo' Extra-ThinYellow-gold case, over 10 carats of yellow sapphiresGem-setting, established brand prestige, specific material choice$380,000
Rami Malek's 1992 Cartier Crash in platinumExtremely rare vintage model (estimated 10 examples), unique designRarity, vintage appeal, distinctive design, brand heritage$275,000+

Rami Malek wore a 1992 Cartier Crash in platinum, a rare model with an estimated 10 examples appearing at auction, with a similar piece selling for over $275,000 in 2024, according to Luxury Bazaar. Skepta wore a yellow-gold Audemars Piguet Royal Oak 'Jumbo' Extra-Thin set with over 10 carats of yellow sapphires, costing $380,000, according to Robb Report and elitetraveler. These examples confirm true exclusivity in luxury watches stems from limited editions, vintage rarity, and unique design, coveted by collectors prioritizing distinctiveness over sheer diamond weight.

The Craft Behind the Cost: What Drives Value?

Serena Williams wore an Audemars Piguet Royal Oak Perpetual Calendar Openworked in titanium with Bulk Metallic Glass accents, priced at CHF 180,300, or roughly $200,000 USD, according to Luxury Bazaar. High-end watches, even below the million-dollar mark, are defined by bespoke materials and intricate complications, not solely diamond embellishments. Advanced materials like titanium and Bulk Metallic Glass, combined with openworked perpetual calendar movements, highlight a distinct facet of luxury valuation.

This market segment prizes engineering prowess and material innovation, distinguishing it from gem-heavy pieces. Value here stems from internal complexity and technical challenges, a counterpoint to overt ostentation.

The Price of Entry: Luxury's Lower Tiers

Dwyane Wade wore a Tiffany Eternity watch, a diamond and aventurine piece in white gold, retailing for $138,000, according to Luxury Bazaar. Even entry-level celebrity luxury watches represent a significant investment, underscoring the vast financial chasm between everyday consumers and the ultra-rich. This substantial price point remains accessible to a broader wealthy segment than multi-million dollar timepieces.

The Tiffany Eternity exemplifies how established jewelry brands leverage their reputation for fine materials and design to enter the luxury watch space. It offers a more understated luxury than the Jacob & Co. Billionaire series, yet its price firmly places it within high-end accessories.

The continued convergence of celebrity influence, material opulence, and horological innovation will likely redefine luxury watch collecting, pushing boundaries of both price and artistic expression.