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Unless in a coma for the past several months, one would have come across the news of Anant Ambani, youngest son of Reliance Industries chairman Mukesh Ambani, getting married to <keyword id="20178843" type="General" weightage="20" keywordseo="Radhika-Merchant" source="keywords">Radhika Merchant</keyword>, daughter of Viren A. Merchant, on July 12 at Mumbai's Jio World Convention Center. The lavish wedding and pre-wedding events, following their engagement last year, drew nationwide attention for its grandeur and the presence of hundreds of celebrities and prominent personalities.<br /><br />Now, reports of the <keyword id="22409157" type="General" weightage="20" keywordseo="luxurious-gifts" source="keywords">luxurious gifts</keyword> given to Anant's close friends are also making waves.<br />As per media reports, Anant Ambani surprised his groomsmen by giving each of them a watch worth ₹2 crore. These expensive <keyword id="22409155" type="General" weightage="20" keywordseo="Audemars-Piguet-watches" source="keywords">Audemars Piguet watches</keyword> are creating a buzz online. Guests are posting videos of the lavish gift hampers that include these elegant watches, showing how grand Anant's gesture was.<br />  <div type="image" title="Watches" msid="111733513" hostid="261" caption="&amp;lt;p&amp;gt;Screengrab from a video floating on the internet&amp;lt;/p&amp;gt;"></div>A Reddit post revealed that Anant had ordered a custom set of 25 limited edition Audemars Piguet Royal Oak Perpetual Calendar Luminary Edition watches. Famous recipients included Shah Rukh Khan, Ranveer Singh, Shikhar Pahariya, Veer Pahariya, and Meezaan Jafri, as deduced from social media updates and celebrity interactions.<br /><br />The watch Anant Ambani gifted has a 41 mm pink gold case and is 9.5 mm thick, with a see-through back and a secure crown. It has a pink gold dial with a special pattern, blue counters, pink gold hour markers, and glowing hands. The watch also features a pink gold inner bezel and a self-winding movement that shows the week, day, date, moon phase, month, leap year, and time.<br /><br />While Anant Ambani gifted Audemars Piguet watches to his groomsmen, Reliance employees also received Haldiram Bhujia as a wedding gift. <br /><div type="twitter" handle="the_codewala" handlename="the_codewala" favoritecount="0" retweetcount="0" id="1810972241594863814"></div>Several Reliance employees shared photos and videos on social media of the gift box they received before Anant Ambani and Radhika Merchant's wedding on July 12. The red gift box has gold lettering that says: “With the divine grace of our gods and goddesses, we celebrate the wedding of Anant and Radhika. Best wishes, Nita and Mukesh Ambani.”<br /><br /><em>(With inputs from TOI and Hindustan Times)</em><br />SEE ALSO:<br /><a href="https://www.businessinsider.in/india/news/pm-narendra-modi-attends-anant-ambani-and-radhika-merchants-star-studded-wedding-event/articleshow/111719695.cms" data-type="tilCustomLink" target="_blank">PM Narendra Modi attends Anant Ambani and Radhika Merchant's star-studded wedding event</a><br /><a href="https://www.businessinsider.in/politics/india/article/rahul-gandhi-takes-dig-at-politicians-attending-ambani-wedding-bash-while-commoners-are-dying-of-hunger/articleshow/111727513.cms" data-type="tilCustomLink" target="_blank">Rahul Gandhi takes dig at politicians attending Ambani wedding bash while commoners are “dying of hunger”</a>

Ambani wedding giveaways: ₹2 Crore Watches for SRK, Ranveer and Groomsmen, Bhujia for Reliance employees

<ul class="summary-list"><li>Billionaire rapper Jay Z loves luxury watches — the rarer and harder to get, the better. </li><li>His collection includes new and vintage watches from Audemars Piguet, Richard Mille, and Patek Philippe.</li></ul><h2>Hublot Big Bang</h2><div type="image" title="image of diamond encrustred Hublot Big Bang watch floating on black background" height="1536" width="1536" msid="107032297" hostid="261" sizebytes="172132"></div><p><a target="_blank" href="https://www.businessinsider.com/jay-z-net-worth-how-he-makes-spends-money-2023-4">Jay Z</a>, born Shawn Carter, has mentioned his love of luxury timepieces in his songs for years. You can find references to Rolex, Audemars Piguet, and Hublot throughout Jay's 30-year music catalog.</p><p>He quite literally announced his love of Hublot in the 2011 song "Otis," where he pronounced, "New watch alert: Hublot."</p><p>Perhaps it was prophetic: In 2012, his wife Beyoncé <a target="_blank" href="https://www.wristenthusiast.com/latest/jay-z-watch-collection">reportedly gifted Jay Z</a> a $5 million Hublot Big Bang, an 18-karat white-gold watch encrusted with 1,282 diamonds, for his 43rd birthday. The watch took more than 14 months to assemble, the <a target="_blank" href="https://www.gphg.org/en/watches/5-million">Grand Prix d'Horlogerie de Genève reported</a>, and it took more than a year to source all the diamonds.</p><div type="image" title="watch close up next to close up of Jay Z holding microphone with watch on left hand" height="800" width="1200" msid="107032298" hostid="261" sizebytes="66222"></div><p>A year later, the Swiss watchmaker collaborated with the <a target="_blank" href="https://www.businessinsider.com/jay-z-net-worth-2-5-billion-according-to-forbes-2023-3">rapper</a> to design a watch under his name. Hublot released the <a target="_blank" href="https://www.gq.com/story/first-look-jay-zs-exclusive-hublot-watches">Shawn Carter Hublot Classic Fusion</a> in yellow gold ($33,900) and black ceramic ($17,900) in 2013. The collection was limited to just 350 pieces in total, according to GQ.</p><h2><strong>Richard Mille 56 "Blue Print"</strong></h2><div type="image" title="side by side of Jay Z and close up of Richard Mille blue watch" height="800" width="1200" msid="107032299" hostid="261" sizebytes="90784"></div><p>Jay Z's custom "Blue Print" Richard Mille 56 watch required more than 3,000 hours to produce, <a target="_blank" href="https://www.gq-magazine.co.uk/article/jay-z-richard-mille-56-watch">GQ</a> reported in 2019. No wonder it cost $2.5 million.</p><p>During a 2019 show in his hometown of Brooklyn, the rapper <a target="_blank" href="https://twitter.com/JAY_Z_Daily/status/1121993081417609216?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1121998417339801600%7Ctwgr%5E51c8f56ec0e0ed9a7503e5132ba6d1c4f3b310c1%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fwww.complex.com%2Fmusic%2Fa%2Ffnr-tigg%2Fjay-z-watch-webster-hall-freestyle">freestyled a tribute </a>to the timepiece: "Blueprint on my wrist cost 2.5/Only thing that flips the script between you and I."</p><div type="image" title="Jay Z wearing a green Richard Mille 56 watch" height="2346" width="1565" msid="107032300" hostid="261" sizebytes="110134"></div><p>The rapper then purchased another one-of-a-kind Richard Mille 56, this time in green. The price? $3 million.</p><h2>Richard Mille RM011 Felipe Massa Chronograph Rose Gold</h2> <p>Jay Z expanded his collection of Richard Mille watches with this RM011 Felipe Massa Chronograph in rose gold. It was originally released in 2007 and was designed with its namesake, F1 driver Felipe Massa, the brand said on its website. The timepiece is meant to invoke the racing aesthetic and the sport's history of tech innovation. The watch's <a target="_blank" href="https://www.richardmille.com/historical-models/rm-011-automatic-chronograph-felipe-massa">crown</a> "resembles a smooth tyre encircling a spoked wheel rim," the maker said.</p><p><a target="_blank" href="https://www.businessinsider.com/swiss-watchmakers-luxury-watches-revenue-2022-6">Mille is no longer making this model</a>, but you can get a used one for <a target="_blank" href="https://wristaficionado.com/products/richard-mille-felipe-massa-chronograph-rose-gold-rm011?variant=42438175883508&amp;currency=USD&amp;utm_medium=product_sync&amp;utm_source=google&amp;utm_content=sag_organic&amp;utm_campaign=sag_organic&amp;utm_term=&amp;utm_campaign=&amp;utm_source=adwords&amp;utm_medium=ppc&amp;hsa_acc=4860730897&amp;hsa_cam=20860283982&amp;hsa_grp=&amp;hsa_ad=&amp;hsa_src=x&amp;hsa_tgt=&amp;hsa_kw=&amp;hsa_mt=&amp;hsa_net=adwords&amp;hsa_ver=3&amp;gad_source=1&amp;gclid=Cj0KCQiAtaOtBhCwARIsAN_x-3JRYIou2oLNQx6F1gwinWXOTpTROPpNt6dQoaIRpG9-aozSbggmcEUaAiR3EALw_wcB">$215,000</a>.</p><h2>Richard Mille RM027 Rafael Nadal</h2><div type="image" title="close up of watch next to image of Jay Z and beyonce at the US Open" height="800" width="1200" msid="107032301" hostid="261" sizebytes="58024"></div><p>Jay Z wore the <a target="_blank" href="https://www.richardmille.com/friends-and-partners/rafael-nadal">Richard Mille RM027 Rafael Nadal</a> to watch Rafael Nadal take on Novak Djokovic at the 2011 US Open championships.</p><p>It was designed to be as lightweight as possible and take on all the wear and tear a tennis superstar like Nadal might put it through, Richard Mille said.</p><p>Nadal referred to it as his <a target="_blank" href="https://www.richardmille.com/friends-and-partners/rafael-nadal">"second skin"</a> timepiece. There were only 50 of these watches made at the time according to Mille. You can buy one on the secondary market for <a target="_blank" href="https://www.chrono24.com/richardmille/tourbillon-rafael-nadal-rm27--id29337715.htm">$1.38 million.</a></p><p>Nadal collaborated with Richard Mille on several additional versions of this timepiece that the rapper later acquired. Jay Z has also worn the <a target="_blank" href="https://www.richardmille.com/historical-models/rm-27-01-tourbillon-rafael-nadal">Richard Mille Rafael Nadal 27-01</a>, which has an anthracite casing.</p><h2>Audemars Piguet Royal Oak Perpetual Calendar Openworked</h2><div type="image" title="close up of black watch next to jay z wearing watch and close up of his watch on hand" height="800" width="1200" msid="107032400" hostid="261" sizebytes="85774"></div><p>Jay Z shouted out Audemars Piguet in his 2011 "Watch the Throne" track "N—s in Paris" when he said, " Ball so hard, got a broken clock / rollies that don't tick-tock / Audemars that's losing time / hidden behind all these big rocks."</p><p>The rapper's <a target="_blank" href="https://www.audemarspiguet.com/com/en/watch-collection/royal-oak/26585CE.OO.1225CE.01.html">Audemars Piguet Royal Oak 26585CE </a>has an openwork sapphire dial and rose gold dial markers. The band and case are black ceramic, featuring a titanium clasp.</p><p>You can buy one from AP, but it's "price upon request" — or wildly expensive. To get it on the secondary market, you'll need to shell out between <a target="_blank" href="https://exclusivetimepiecesnyc.com/products/audemars-piguet-royal-oak-perpetual-calendar-ceramic-openworked-26585ce-oo-1225ce-01?variant=46218327785778&amp;currency=USD&amp;utm_medium=product_sync&amp;utm_source=google&amp;utm_content=sag_organic&amp;utm_campaign=sag_organic&amp;srsltid=AfmBOor4_FqKnHAEjgFXrW7ly6DFcoHkII7PtL7wI1R29UIrJrHrGwiGyXE">$349,000</a> and <a target="_blank" href="https://elegantswiss.com/products/audemars-piguet-royal-oak-perpetual-calendar-41mm-openworked-black-ceramic-26585ce-oo-1225ce-01-box-papers">$639,000</a>.</p><h2>Patek Philippe Reference 6002 Sky Moon Tourbillon</h2> <p>If you buy a Patek Phillip Reference 6002 Sky Moon Tourbillon watch, a truly ornate piece of art, they'll throw in a <a target="_blank" href="https://www.patek.com/en/collection/grand-complications/6002R-001">matching pair of cufflinks</a>.</p><p>The brand notes just how much detail was put into creating the timepiece. "The double-faced case, crowns, slide piece, hour/minute hands, and fold-over clasp are entirely hand-engraved with volutes and arabesques," Patek's website reads.</p><p>The <a target="_blank" href="https://oracleoftime.com/patek-philippes-second-most-complicated-watch-gets-a-new-look-patek-philippes-highly-complicated-sky-moon-tourbillon-gets-a-new-look/">"second most complicated"</a> Patek Phillip is "price on request," but similar models cost around <a target="_blank" href="https://www.chrono24.com/patekphilippe/patek-philippe-sky-moon-tourbillon-6002r--neu--2023--full-set--id26075293.htm#gref">$6.6 million</a>.</p><h2 class="RxNg2d-GgkBkd-zUeLBb-r4nke ">Patek Philippe <strong>Nautilus </strong>5711 in Tiffany Blue</h2><div type="image" title="jay z photo showing watch with side by side of tiffany watch" height="800" width="1200" msid="107032401" hostid="261" sizebytes="61654"></div><p>Jay Z picked up this Tiffany/Patek Philippe collab in 2021.</p><p>The Patek Philippe Nautilus<strong> </strong>5711 in Tiffany Blue initially retailed for $52,635, but since only 170 were<a target="_blank" href="https://www.hodinkee.com/articles/holy-smokes-its-a-tiffany-blue-patek-philippe-nautilus-the-final-variation-of-the-5711"> made</a>, the price went way up on the secondary market. Days after the watches sold out, one was auctioned off for <a target="_blank" href="https://www.cnbc.com/2021/12/13/-patek-philippes-tiffany-blue-nautilus-watch-fetches-6point5-million.html#:~:text=Patek%20Philippe's%20Tiffany%20Blue%20Nautilus%20watch%20fetches%20%246.5%20million%20at%20auction,-Published%20Mon%2C%20Dec&amp;text=The%20first%20of%20the%20new,170%20limited%20edition%20Nautilus%20Ref.">$6.5 million</a>.</p><h2>Audemars Piguet Royal Oak 25594ST 'Yves Klein'</h2> <p><a target="_blank" href="https://www.businessinsider.com/see-audemars-piguet-ultra-thin-royal-oak-watch-50th-anniversary-2022-4">Audemars Piguet's Royal Oak</a> 25594ST watch is an ode to the <a target="_blank" href="https://www.phillips.com/detail/audemars-piguet/NY080222/67?fromSearch=Steel&amp;searchPage=3">French artist Yves Klein</a>, who developed his own special vibrant blue — <a target="_blank" href="https://www.moma.org/collection/works/80103">international Klein blue 191</a> — that became associated with his name.</p><p>The watch is based on the AP Royal Oak design that debuted in 1972 from watch designer <a target="_blank" href="https://www.gq.com/story/watch-glossary-gerald-genta"><u>Gérald Genta.</u></a> It features a perpetual calendar, which keeps track of everything from the time and date to the moon's phases.</p><p>Audemars Piguet no longer sells the watch, but you can find one on the secondary market, where they're running around <a target="_blank" href="https://affiliate.insider.com?h=6bbdba75dd64834f1af96f1491783b9cd76102dec839a5ddd2c15acfe42cc5d5&amp;postID=659d6da4d137673d8c944528&amp;postSlug=jay-z-luxury-watch-collection-millions-2024-1&amp;site=bi&amp;u=https%3A%2F%2Fwww.ebay.com%2Fitm%2F175845055804%3Fchn%3Dps%26_trkparms%3Dispr%253D1%26amdata%3Denc%253A1Qql1WF4RRReJHkslrJsi4Q29%26norover%3D1%26mkevt%3D1%26mkrid%3D711-117182-37290-0%26mkcid%3D2%26mkscid%3D101%26itemid%3D175845055804%26targetid%3D2200673878684%26device%3Dc%26mktype%3Dpla%26googleloc%3D9007326%26poi%3D%26campaignid%3D19639500192%26mkgroupid%3D147592591362%26rlsatarget%3Dpla-2200673878684%26abcId%3D9305266%26merchantid%3D101700660%26gclid%3DCj0KCQiAtaOtBhCwARIsAN_x-3KflU58gY4pfe3Waxd4dhmwGd0z5Z922MHourXOiKE4_O7QeOhSibYaAvRAEALw_wcB">$370,000</a>.</p><h2>Rolex Daytona #6263 Mk1 Paul Newman Dial</h2> <p>Actor Paul Newman wore a <a target="_blank" href="https://www.hodinkee.com/articles/paul-newman-rolex-daytona-6263-phillips-auction-result">Rolex Daytona 6263 </a>sports watch throughout his life, and the watch became synonymous with the actor.</p><p>One sold at Christie's in 2016 for $195,686. But then, in 2017, the actual watch owned by Newman <a target="_blank" href="https://www.youtube.com/watch?v=Y1FPRwz8u6g&amp;embeds_referring_euri=https%3A%2F%2Fwww.bobswatches.com%2F&amp;source_ve_path=Mjg2NjY&amp;feature=emb_logo">sold at a charity auction</a> for $17.72 million all in.</p><p>Many presume this is the one Jay-Z owns, but this hasn't been confirmed.</p><h2 class="text--1636212957474 margin_vertical--medium    margin-top_none  bggle_title bggle--block text__center" id="1690878211049">Patek Philippe Perpetual Calendar Split Seconds Chronograph 5004P</h2><div type="image" title="close up of arm holding cigar with silver watch on split with close up of silver watch" height="800" width="1200" msid="107032402" hostid="261" sizebytes="92822"></div><p>Jay Z sported this watch during a decadent, seafood tower-filled lunch meeting with <a target="_blank" href="https://www.instagram.com/p/CqZJDr5uaDd/?igsh=MzRlODBiNWFlZA%3D%3D&amp;img_index=2">DJ Khaled</a> last March.</p><p>The watch is modeled on Patek Philippe's first perpetual calendar watch, released in 1996. A similar <a target="_blank" href="https://thekeystone.com/products/patek-philippe-platinum-perpetual-calendar-split-seconds-chrono-ref-5005?variant=41358868611236">watch face with a leather band</a> recently sold for $295,000.</p><p>The particular watch, the 5004P model with a silver link band that Jay Z has, is nearly impossible to find, but it's valued at $600,000, according to <a target="_blank" href="https://iflwatches.com/blogs/celebrities/jay-z-watch-collection">IFL Watches</a>.</p><h2>Patek Philippe Grandmaster Chime 6300G</h2><div type="image" title="Patek Phillipe Grandmaster Chime Reference 6300G side by side with side profile photo of Jay Z wearing watch" height="800" width="1200" msid="107032403" hostid="261" sizebytes="64780"></div><p>The Grandmaster Chime is considered Patek Philippe's most complicated watch ever, with more than 1,500 individual components.</p><p>PP made them in 2014 to commemorate the 175th anniversary of the company, and only seven were produced. Six went to the watchmaker's <a target="_blank" href="https://www.hodinkee.com/articles/the-grandmaster-chime-reference-6300g-the-most-complicated-patek-now-in-white-gold">most dedicated collectors</a> (who apparently had to <em>apply</em> for the privilege of buying one), while the seventh went to the company's museum in Geneva.</p><p>But then PP went on to make the Grandmaster Chime in other fabrications. Jay Z has the white gold version, which runs around $2.5 million, <a target="_blank" href="https://www.hodinkee.com/articles/the-grandmaster-chime-reference-6300g-the-most-complicated-patek-now-in-white-gold">according to reports</a>.</p><p>Similar watches are going for nearly <a target="_blank" href="https://www.chrono24.com/patekphilippe/patek-philippe-grand-complications-6300g-grandmaster-chime-double-faced-blue-dial--id25479833.htm#gref">$8 million</a> on the secondary market.</p><h2>Patek Philippe 2499</h2> <p>Patek Philippe produced this watch from 1950 to 1985 in extremely limited quantities — only 349 were made.</p><p><a target="_blank" href="https://www.businessinsider.com/tiktok-watches-michael-rubin-white-party-jayz-tombrady-viral-2023-7">Jay Z's Patek Philippe 2499</a> was previously owned by Swedish watch collector and dealer Tony Kavak, who had the yellow gold band specially made for the piece. As Kavak tells it, the watch wasn't initially for sale.</p><p>"The watch is so exclusive that I often chose not to wear it in public, and I always wear my watches, that's my philosophy," Kavak told watch site <a target="_blank" href="https://bezl.se/the-watch-deal-that-went-down-like-a-bomb/">Bezl</a>.</p><p>"You should have seen his happiness," Kavak said in an interview with watch blog <a target="_blank" href="https://www.hodinkee.com/articles/jay-z-patek-2499">Hodinkee</a>. "It just reminded me of how happy I get when I find something rare myself. …So when I saw his face, I knew he was the right person to own the watch."</p><p>Neither Kavak nor Jay Z would reveal the cost of the deal, but in 2022 a similar watch sold at auction for <a target="_blank" href="https://hypebeast.com/2022/4/world-record-7-68m-usd-paid-for-vintage-patek-philippe-ref-2499-nevadian-collector-sothebys-hong-kong">$7.68 million</a>.</p>

Jay Z's luxury watch collection is worth millions and includes one of the most complicated timepieces ever made

<ul class="summary-list"><li>Arnold Schwarzenegger was detained at Munich's airport after bringing a watch he planned to gift.</li><li>Schwarzenegger had not declared the item, which is required by Germany's customs authority.</li></ul><p>Arnold Schwarzenegger was detained for more than two hours at Germany's Munich International Airport after failing to declare a luxury watch, <a target="_blank" href="https://www.cnn.com/2024/01/17/europe/arnold-schwarzenegger-munich-airport-watch-intl/index.html">CNN</a> reported.</p><p>As a result, the celebrity and former California governor will face criminal tax proceedings, Thomas Meister, a Munich customs press officer, told <a target="_blank" href="https://www.cnn.com/2024/01/17/europe/arnold-schwarzenegger-munich-airport-watch-intl/index.html">CNN</a>.</p><p>"He did not declare a product," Meister told CNN. "And this process applies to everyone." Meister did not immediately respond to BI's request for comment, which was sent outside regular business hours.</p><p>According to <a target="_blank" href="https://www.zoll.de/EN/Private-individuals/Travel/Entering-Germany/Duties-and-taxes/Exceeding-travellers-allowances/exceeding-travellers-allowances_node.html">Germany's Central Customs Authority</a>, non-EU travelers are required to declare any goods that will remain within the country if they exceed €430, or $467 USD — in Schwarzenegger's case, a luxury watch. The traveler must also pay import duties.</p><p>"He was never asked to fill out a declaration form and he answered every question from customs officers honestly," a source close to Schwarzenegger, whose identity Business Insider confirmed, said.</p><p>While detained, Schwarzenegger agreed to pay the watch's potential taxes. This involved Schwarzenegger attempting to use a broken credit-card machine, then a failed trip to a bank, and finally, a working credit-card machine, the source told BI.</p><p>Schwarzenegger was later released from the airport and continued traveling, CNN reported.</p><p>According to the German newspaper <a target="_blank" href="https://www.bild.de/unterhaltung/leute/leute/arnold-schwarzenegger-am-flughafen-muenchen-festgehalten-aerger-mit-dem-zoll-86800126.bild.html">Bild</a>, Schwarzenegger was traveling with a unique Audemars Piguet watch. Timepieces from the brand can run up to hundreds of thousands of dollars. The same source states that the watch was planned to be auctioned off at the Austrian World Summit on Thursday in Kitzbuhel, Austria, to benefit the Schwarzenegger Climate Initiative.</p><p>"The watch will likely still be auctioned tomorrow, and the Schwarzenegger Climate Initiative will properly report it, as all of Arnold's non-profits do," the source told BI.</p><div type="image" title="Woman pulling luggage through airport." height="5504" width="8256" msid="106969319" hostid="261" sizebytes="1883062"></div><h2>A luxury travel agent tells travelers to keep this in mind if you're flying with high-end gifts</h2><p>Travelers arriving with items they plan to wear and keep when visiting the EU do not require declaration, <a target="_blank" href="https://www.zoll.de/EN/Private-individuals/Travel/Entering-Germany/entering_germany_node.html">Germany's Central Customs Authority's website states</a>.</p><p>However, imported items that are intended as gifts that exceed $467 USD need to be declared, <a target="_blank" href="https://www.zoll.de/EN/Private-individuals/Travel/Entering-Germany/Duties-and-taxes/Travellers-allowances/travellers-allowances_node.html">Germany's Central Customs Authority states</a>, and travelers will need to pay an import duty fee on the item's total value.</p><p>For example, if you travel to Germany with your designer purse and bring home that same bag, you don't need to declare it. But if you pack a designer purse you plan to gift to your German friend that costs $1,500, that needs to be declared and duty fees paid.</p><p>Michael Trager, the director of the luxury travel agency <a target="_blank" rel="noopener noreferrer" class="c-link c-link--focus-visible" href="https://travelzork.com/">TravelZork</a> and a travel adviser at <a target="_blank" rel="noopener noreferrer" class="c-link c-link--focus-visible" href="https://www.traveledge.com/?c3api=6929&amp;iv_=__iv_p_1_a_15041536047_w_kwd-458858887647_d_c_n_g_c_558520427441_k_travel%20edge_m_e_l__t__vi__&amp;utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=TE-Brand-November%202021&amp;gad_source=1&amp;gclid=Cj0KCQiAo7KqBhDhARIsAKhZ4ugwaxuGaroGMuUCKER3gj8nL8rcmoE9zy6JdZ6vYPuluzBqZU1t3ZkaAqNGEALw_wcB">Travel Edge</a>, told BI to keep this rule in mind when traveling with pricey gifts.</p><p>"My tip is that if you are bringing expensive gifts, you better be prepared to declare and pay taxes on these gifts," he said in an email to BI. "Personal possessions are not an issue, as long as it is obvious that they are items you are using/wearing on your journey and bringing back home."</p>

Are you sure you have nothing to declare? Let Arnold Schwarzenegger and his pricey watch be a lesson to us all.

<ul class="summary-list"><li>Avi Hiaeve, a millennial who owns the high-end watch retailer <a href="https://www.aviandco.com/">Avi &amp; Co.</a>, spoke with Insider about the value of investing in <keyword id="602509" type="PERSON" weightage="60" keywordseo="luxury-watches">luxury watches</keyword>.</li><li>Hiaeve said those looking to enter the watch investing game should look out for four names: <keyword id="6399172" type="UNKNOWN" weightage="60" keywordseo="rolex">Rolex</keyword>, Audemars Piguet, Patek Philippe, and Richard Mille.</li><li><a href="https://www.businessinsider.com/here-are-the-11-best-watch-investments-for-aspiring-collectors-2020-6">As previously reported by Inside</a><a href="https://www.businessinsider.com/here-are-the-11-best-watch-investments-for-aspiring-collectors-2020-6">r</a><a href="https://www.businessinsider.com/here-are-the-11-best-watch-investments-for-aspiring-collectors-2020-6"></a>, most people look to the secondhand market to buy their timepieces, and vintage <keyword id="22670" type="PERSON" weightage="60" keywordseo="watches">watches</keyword> pretty much dominate the sector. </li><li>Hiaeve said it's impossible to be priced out of the watch game because there's a watch at every price point for everyone. To sum it up: The people who want a Rolex will always buy one. </li><li>That statement was proven true amid the pandemic, where high-net-worth-individuals have continued to splurge on luxury watches and items. </li><li><a href="https://www.cnn.com/2020/10/19/business/fine-jewelry-pandemic/index.html" target="_blank" rel="noopener"></a>For example, the Sotheby's Important Watches live auction concluded on December 15 and <a href="https://usa.watchpro.com/sothebys-important-watches-live-auction-concludes-on-10-4m-up-27-year-on-year/" target="_blank" rel="noopener">brought in $10.4 million</a> — up 27% from last year — with a Patek Philippe Ref 2499 retailed by Tiffany &amp; Co. selling for $818,600.</li></ul><p>It was a Wednesday night in February when Insider first met Avi Hiaeve at his luxury watch party in New York City's Midtown Manhattan. Jamie Foxx was the host, while Moët &amp; Chandon was passed around; appetizers that included both caviar and chicken wings were served on small dishes. A rare Tiffany blue Rolex was situated not far from a Patek Philippe, and diamonds - <em>lots</em> of diamonds - lined the back walls of the room.</p><p>The shindig's environment (and the young crowd it drew) was proof positive that people still love luxury watches - and love splashing out major cash on them. Amid the uncertainty of the pandemic, high-net-worth-individuals have continued to buy pricey watches. </p><p>Signs of this trend were seen as early as April when GQ's Cam Wolf noted that <a href="https://www.gq.com/story/vintage-watch-market-coronavirus">Sotheby's had been selling more classic watches</a>, even as major brands called off their plans to release new models. In fact, Sotheby's held an Important Watches live auction last Tuesday that <a href="https://usa.watchpro.com/sothebys-important-watches-live-auction-concludes-on-10-4m-up-27-year-on-year/" target="_blank" rel="noopener">brought in $10.4 million</a> - up 27% from last year - with a Patek Philippe Ref 2499 retailed by Tiffany &amp; Co. selling for $818,600.  Other standouts from the auction: A Cartier Ecran Mystery Clock that went for $564,500, and a Rare Salmon Dial Audemars Piguet Royal Oak selling for $441,000. </p><p>"In the market, there are watches for everybody. If you want to spend $5,000, you're going to find yourself a $5,000 watch," Hiaeve told Insider. "The celebrities and the artists and all of them, they're not wearing watches under $100,000 anymore, everything they want is over $100,000. It's really gone through the roof."</p><h2>Birkin bags, Basquiat paintings, and Richard Mille watches</h2><p>Born in Israel, Hiaeve, 35, grew up in Queens, New York. At 16 years old, he opened Avi &amp; Co., an exclusive high-end retailer that now caters to some of the notable names in the world - Foxx, <a href="https://www.businessinsider.com/nicki-minaj-husband-spent-over-1-million-on-wedding-ring-2019-10">Nicki Minaj</a>, and <a href="https://www.businessinsider.com/justin-bieber-seasons-youtube-originals-documentary-series-premiere-breaks-record-2020-2">Justin Bieber</a>, to name only a few. His family has always been in the jewelry business, he said, but the watch industry is where he truly found his calling.</p><p>"Jewelry was something my family was doing, so it was easier to learn it. But watches, this is something that came from a hobby," Hiaeve said. "I used to love watches and play around with them. And you know what? I just felt like they were good investments. After a while, it became my main business."</p><div type="image" title="Avi &amp; Co." height="4680" width="3120" msid="76185477" hostid="261"></div><p>Most of Hiaeve's clients come from word of mouth - basketball players, rappers, and football players flock to him because they're referred by existing customers.</p><p>In addition to the hype around owning a Rolex or Richard Mille, he said, most understand that many luxury watches hold good investment value, <a href="https://www.businessinsider.com/wealthy-people-consider-liquidating-art-assets-as-recession-looms-2020-4">like a Birkin or a Basquiat.</a> These are all high-end, quality goods that have historically proved to retain the value paid for them or even become more valuable over time, often significantly.</p><p>"A lot of people turn from a hobby to a business in the watch game," he said. "A lot of collectors that I know that used to buy from me, after a while they started buying for investments - buying, selling, and trading."</p><div type="image" title="Avi &amp; Co." height="3578" width="5323" msid="76185484" hostid="261"></div><p>Though Bain reported in November that the <a href="https://www.bain.com/about/media-center/press-releases/2020/covid_19_crisis_pushes_luxury_to_sharpest_fall_ever_but_catalyses_industrys_ability_to_transform/">luxury goods market has fallen</a> 23% to $265 billion this year,  very expensive items such as Hermes bags have long had a timeless quality, relatively untouched by financial discord and market downturns.</p><p>And people love the brand as much as they ever have: When Hermes reopened some stores in mid-April after months of widespread closures amid the region's coronavirus lockdown, the brand brought in a whopping <a href="https://www.businessinsider.com/wealthy-chinese-shoppers-slurge-at-hermes-store-in-china-2020-4">$2.7 million</a> in just one day at its flagship store in China alone.</p><p>In October, Hermes released its Q3 finances, revealing it beat expectations with <a href="https://robbreport.com/style/fashion/hermes-rebounding-2020-4-2-sales-growth-q3-1234576757/">$2.1 billion third-quarter sales,</a> boosted by demand in Asia. <a href="https://wwd.com/business-news/financial/hermes-swings-back-to-growth-in-q3-with-4-2-sales-rise-1234642148/">WWD's Mimosa Spencer reported in October</a> that HSBC analysis estimated a constant rate growth of only 0.4% for the period, but Hermes saw 6.9%. </p><p>Hiaeve said <a href="https://www.richardmille.com/">Richard Mille</a> is the Hermes of watches, and the brand just released a $310,000 Chronograph, touted by the brand to be <a href="https://robbreport.com/style/watch-collector/richard-mille-debuts-rm-65-01-automatic-split-seconds-chronograph-1234587503/">one of its most technically complex timepieces</a>. On the resale market, Mille consistently goes up in value. Hiaeve told Insider he's seen some go from $100,000 to $120,000, up 20% to 30%, every few months. Celebrity watch collectors clearly agree: <keyword id="248848" type="PERSON" weightage="60" keywordseo="Drake">Drake</keyword> has one that costs at least<a href="https://www.gq.com/story/watches-of-the-week-4-6-19-drake-richard-mille"> $750,000</a>.</p><p>The resale market is key to the watch sector. Deloitte's 2019 "<a href="https://www.businessinsider.com/here-are-the-11-best-watch-investments-for-aspiring-collectors-2020-6">Global Powers of Luxury Goods</a>" found that the average annual sales from the top 32 watch and jewelry companies topped $2 billion in 2017, and a 2018 Bain report stated that the secondhand market was worth nearly $25 billion, with watches and jewelry making up over 80% of all secondhand market purchases. </p><p>The next best investment after Richard Mille, Hiaeve said, is a <a href="https://www.rolex.com/">Rolex</a>. Not just because they are beautiful, but because they also retain their value. From there, <a href="https://www.audemarspiguet.com/en/">Audemars Piguet</a> - Bieber bought one in 2019 for<a href="https://www.businessinsider.com/justin-bieber-audemars-piguet-watch-wedding-gift-hailey-baldwin-2019-10"> $50,000</a> as a "lil wedding gift" to himself. Patek Philippe is also a solid choice - Jay-Z owns one worth at least <a href="https://www.gq.com/story/watches-of-the-week-12-21-19">$2.2 million</a>. </p><p>"[Richard Mille is] the most expensive," Hiaeve says, before revealing that he sold one for almost $3 million. "It's not just the craftsmanship, it's the supply and demand. They only make maybe four or five thousand watches a year. So you can't really get them."</p><h2><strong>Wealthy people are still buying watches amid the pandemic </strong></h2><p>Adam Golden, the owner of Menta Watches, told GQ's Wolf back in April that while his overall watch sales had declined, the pandemic brought new opportunities his way - like a German client who wants to "park some money" in a $300,000 portfolio of watches instead of in the stock market and requested Golden's help putting that portfolio of "stable watches" together.</p><div type="image" title="Rolex Sky Dweller" height="2772" width="3696" msid="76185487" hostid="261"></div><p>Before the coronavirus pandemic hit and destabilized global financial markets, the luxury sector was still recovering from the impact of the Hong Kong protests, which saw Swiss watch imports to the region <a href="https://www.nytimes.com/2019/09/11/fashion/watches-hong-kong-protests.html">decline by 26.8%</a> in comparison to 2018. Facing the coronavirus pandemic, the luxury watch industry was <a href="https://www.bloomberg.com/news/articles/2020-03-19/rolex-shuts-plants-as-watchmakers-prepare-for-worst-year-ever?srnd=style">preparing for its worst year</a> yet. </p><p>In March, Rolex <a href="https://www.bloomberg.com/news/articles/2020-03-19/rolex-shuts-plants-as-watchmakers-prepare-for-worst-year-ever?sref=BLKWHazc">shut down all of its Swiss factories</a>, while Richemont, the luxury conglomerate that owns Cartier, had discounted secondhand pieces on its vintage resale site, Bloomberg's Corinne Gretler reported at the time. Watch fairs <a href="https://www.businessinsider.com/how-coronavirus-is-impacting-the-luxury-sector-and-watch-industry-2020-3">throughout the world</a> were called off, while smaller and newer brands braced for impact to their bottom lines.</p><p>That was then. Now, the so-called <a href="https://www.ft.com/content/ba7f00b8-9521-48fa-bfc6-91f223a729b0">"K-shaped" recovery is taking hold,</a> where the high end is thriving as smaller businesses and poorer workers fare worse and worse. For watches and in luxury, the big names, with their proven investment value and timeless appeal, are intact. </p><p>It goes back to the mantra mentioned before: Pandemic or not - those who want to buy a Rolex, or an $800,000 Patek Philippe, a $2.2 million Richard Mille or a Salmon Dial Audemars Piguet Royal Oak $441,000, will always find a way to get one. </p>

A millennial entrepreneur who runs a high-end watch retailer explains why now is the time to invest in watches - and which timepieces are the most valuable

<p><keyword id="218062" type="PERSON" weightage="60" keywordseo="Dwight-Howard">Dwight Howard</keyword> played the role of Santa Clause for the Houston Rockets this <keyword id="8206" type="ORGANIZATION" weightage="60" keywordseo="Christmas">Christmas</keyword>, giving many of his teammates expensive watches before their game against the San Antonio Spurs on Wednesday.</p>
<p>Howard was obviously in the gift-giving mood this year after signing a four-year contract worth $88 million over the offseason:</p>
<p>"<span><span data-reactid=".r[4n6zi].[0].[1].[0].[0].[0].[0].[0].[0]"><span data-reactid=".r[4n6zi].[0].[1].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1]"><span data-reactid=".r[4n6zi].[0].[1].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1].[0]">Santa aka </span><a href="http://instagram.com/dwighthoward" data-reactid=".r[4n6zi].[0].[1].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1].[1]">@dwighthoward</a><span data-reactid=".r[4n6zi].[0].[1].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1].[2]"> given out Rolex's for Christmas...." - Aaron Brooks<br /></span></span></span></span></p>
<p>James Harden's Audemars Piguet:</p>
<p>"<span data-reactid=".r[5e93].[0].[0].[0].[0].[0].[0]"><span data-reactid=".r[5e93].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1]"><span data-reactid=".r[5e93].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1].[0]">S/O to my guy!!!! </span><a href="http://instagram.com/dwighthoward" data-reactid=".r[5e93].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1].[1]">@dwighthoward</a><span data-reactid=".r[5e93].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1].[2]"> got me the AP I wanted for Christmas. That's love bro"</span></span></span></p>
<p><span data-reactid=".r[5e93].[0].[0].[0].[0].[0].[0]"><span data-reactid=".r[5e93].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1]"><span data-reactid=".r[5e93].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1].[2]">Chandler Parson's Rolex:</span></span> </span></p>
<p><span data-reactid=".r[5rbym].[0].[0].[0].[0].[0].[0]"><span data-reactid=".r[5rbym].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1]"><span data-reactid=".r[5rbym].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1].[0]">"Thank you </span><a href="http://instagram.com/DwightHoward" data-reactid=".r[5rbym].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1].[1]">@DwightHoward"</a></span></span></p>
<p><span data-reactid=".r[5rbym].[0].[0].[0].[0].[0].[0]"><span data-reactid=".r[5rbym].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1]">Greg Smith's Rolex:</span></span> </p>
<p><span data-reactid=".r[5rbym].[0].[0].[0].[0].[0].[0]"><span data-reactid=".r[5rbym].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1]">"</span></span><span data-reactid=".r[5x3w6].[0].[0].[0].[0].[0].[0]"><span data-reactid=".r[5x3w6].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1]"><span data-reactid=".r[5x3w6].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1].[0]">Thanks to the big homie </span><a href="http://instagram.com/dwighthoward" data-reactid=".r[5x3w6].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1].[1]">@dwighthoward</a><span data-reactid=".r[5x3w6].[0].[0].[0].[0].[0].[0].[1].[1].[0].[0].[0].[0].[1].[2][1].[2]"> man got ya boy his first Rolex!!!"</span></span></span></p>

You Searched For "Anant Ambani gifts Audemars Piguet watches" and got 5 results

Ambani wedding giveaways: ₹2 Crore Watches for SRK, Ranveer and Groomsmen, Bhujia for Reliance employees

Ayush Mehrotra

Jay Z's luxury watch collection is worth millions and includes one of the most complicated timepieces ever made

Julie Gerstein

Are you sure you have nothing to declare? Let Arnold Schwarzenegger and his pricey watch be a lesson to us all.

Monica Humphries

A millennial entrepreneur who runs a high-end watch retailer explains why now is the time to invest in watches - and which timepieces are the most valuable

Dominic-Madori Davis

Dwight Howard Bought Expensive Watches For His Teammates For Christmas

George Sitaras

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