WOULD YOU REALLY SPEND $55 MILLION ON A WATCH!?Currently, the most expensive watch in the world is the Graff Diamonds Hallucination watch, valued at around $55 million. With its encrusted, multicolored and rare diamonds, the Hallucination watch contains 110 carats worth of diamonds. Would you wear something so valuable? WHAT COULD $55 MILLION BUY YOU?Instead of spending $55 million dollars on just one luxury watch there are many alternative items that you can buy with that amount of money! Did you know that with $36m you could buy a house in the Cayman Islands? And you would STILL have room in your budget for many other items too.