Ilea, from Baume & Mercier, is the latest in bling. Unveiled recently in the Middle East market, the luxury woman's-watch is encrusted with diamonds and made of polished and satin-brushed steel surfaces. The quartz watch has a mother of pearl dial, Arabic numerals in rhodium-plated appliqués and Dauphine-style rhodium plated hands. It is water resistant up to 30 meters, though it's hard to imagine anyone wanting to use such a very costly watch having round full cut 32/34 Top Wesselton VS quality diamonds, for diving.