Watches are often considered to be a status symbol. The watch is no longer simply used to tell the time, but is collected by fanatics all over the world.

When looking at the top 10 most expensive watches in the world, one has to wonder what makes them so expensive.

For starters, the parts used to make them are highly expensive. The amount of time it takes to complete the time pieces is another factor that contributes to making the watches so expensive. Another major factor is how unique the watch design is.

Which are the top 10 most expensive watches in the world?

Breguet Grande Complication Marie- Antoinette

This watch sells for $30 million. Work originally began in 1782 and the watch was finished in 1822. Encased in gold, this Breguet has sapphire used to lower the friction within the piece. The watch was stolen in the 1900s and was only retrieved in 2007.

Chopard 201 karat

Valued at $26 million, the Chopard 201 is a Swiss-made watch made of 201 karats and coloured diamonds.

Patek Philippe Super Complication

This Patek piece is valued at $11 million. Originally made for banker Henry Graves Jr in 1933, the watch is made of 18 karats of gold.

Hublot

Valued at $5 million, this Hublot is made almost completely of 1280 diamonds.

Louis Moinet Meteoris Watch

Valued at $4.5 million, this watch is made from rare materials.

Piaget Emperador Temple

This watch is fully covered with diamonds and precious stones and is priced at an estimated $3.3 million.

Parmigiani Fleurier Fibonacci Pocket Watch

For $2.4 million, you can get your hands on this watch, with mother of pearl counters and a dial made of white gold. The casing has detail of enamelling of a lotus flower that mimics Fibonacci’s Golden Rule of nature- the snail shape seen in nature.

Cartier Secret Watch with Phoenix Décor

Valued at $2.75 million, this watch is made of 3010 diamonds. The diamond beak on the phoenix is made of 18 karat, Hoodium-plated white gold.

Rich and Mille RM 56-01

Priced at $1.85 million, this watch has an all-sapphire case.

Hublot Classic Fusion Haute Jallerie

Limited to only 8 pieces, this piece sells for $1 million. 1185 baguette diamonds cover every surface of the watch.