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- Dubai 04:06 05:29 12:18 15:42 19:02 20:25
A "MasterGraff Ultraslim Tourbillon" is seen at the British jeweller and watchmaker Graff during the media day of the 42nd edition of Baselworld watch fair. (AFP)
British jeweller Graff unveiled Thursday what it described as the "most valuable watch ever created" - a timepiece replete with more than 110 carats of diamonds costing $55 million (40 million euros).
Unveiled at the watch industry's biggest annual tradeshow, BaselWorld, the glittering wristwatch, called "Hallucination", is set with a multitude of rare coloured diamonds.
Gemologists, designers and craftsmen had spent thousands of hours to get the watch right, said the jeweller.
"The Graff Hallucination is a sculptural masterpiece; a celebration of the miracle of coloured diamonds," said company chairman Laurence Graff in a statement.
"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 diamond dream a reality."
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