This Swiss-made (natch) Chopard watch features three heart-shaped diamonds of 38 carats, surrounded by white and yellow flowery looking diamonds weighing 163 carats.
Chopard made this watch just to show the world they could. Of course, at $25 million, they might negotiate a little bit.
Implications - People who were lucky enough to avoid the recession would definitely jump at the chance to own a piece of luxurious jewelry that others would be envious of. Jewelers who continue to make excessively luxurious pieces are still going to have eager customers who want a pricey piece because it symbolizes their higher status in society. Being a part of a high social class is a symbol of power that many people dream of having.