The most expensive watch in the world as of 2025 is the Graff Diamonds Hallucination, valued at $55 million. This extraordinary watch is made up of over 110 carats of rare colored diamonds, including pink, blue, green, yellow, and orange, set into a platinum bracelet. It is more of a high-jewelry masterpiece than a typical timepiece and is unique due to its kaleidoscope of colors and the variety of diamond cuts it features.