ROLEX Pink Gold Cosmograph Daytona Automatic Chronograph Wristwatch

While the rise in popularity of vintage Rolex watches is of no surprise to aficionados, collectors and industry experts, when it comes to contemporary luxury wristwatches, Rolex is also often the first brand that springs to mind. Not only is the company revered for its precision timekeeping and impeccable craftsmanship, but its name was designed to be memorable.

Rolex's enviable worldwide recognition can be credited in part to the genius of company founder Hans Wilsdorf. When the German-born watch dealer and his brother-in-law, Alfred Davis, set up their London enterprise, in 1905, they called it Wilsdorf Davis, according to the traditional formula.

But Wilsdorf was determined to come up with another name that was short, would look good on a watch dial and was easy to say and remember in several languages. In 1908, he trademarked the name Rolex, and by 1920, he had moved the company to Geneva and redubbed it as Montres Rolex S.A.

But the main reasons for the brand’s success are its aforementioned commitment to precision and unflagging pursuit of innovation. In 1926, the company introduced the aptly named Oyster model. With a screw-down crown and case back, both fitted with rubber gaskets, this was the first truly waterproof watch.

Five years later, Rolex upped the ante with the Oyster Perpetual. That model’s patented Perpetual movement contained a rotor mechanism enabling it to self-wind. In another trendsetting move, in 1945, the brand debuted the Datejust, with a date window prominently displayed on the dial.

The company’s two most iconic models are sports watches. Although the Submariner, which debuted in 1953, was developed as a dive watch, its waterproof case, solid construction and good looks made it a favorite of adventurers and urbanites alike, including James Bond, who wore it in classics like Dr. No and Goldfinger. The Daytona, the racing chronograph made famous by Paul Newman, is especially sought after by collectors. Newman’s personal Daytona, which hit the auction block in 2017, sold for $17.8 million.

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Diana Musheev, a third-generation jewelry designer originally from Riga Latvia in Eastern Europe, is a Certified GIA Gemologist who has been designing the finest jewelry since the age of 16. She is the creator and Chief Designer of Diana M Jewels, taking care of well known clients from all over the world since early 1980s, creating and selling exceptionally white, rare color diamonds and precious jewelry. Diana grew up watching her mother and grandmother create jewelry for the European elite, and at an early age she naturally developed the ability to see in her mind’s eye what she would do with any precious stone. A graduate of the prestigious Moscow School of Design, she travels the world with her astute eye focused on unique, exceptional and high quality diamonds and gemstones. Diana absorbs not only the beauty of the stones but also the beauty of each place she visits, all of which inspires her designs.