“Jewelry, especially fancy, high-priced watches, rose 35 percent over last Christmas,” said C. Britt Beemer, chairman of America’s Research Group, which polls both shoppers and retailers. “For corporate executives, C.E.O.’s and Wall Streeters, the watch is now as much a status symbol as the car they drive. It was the big gift they gave themselves this Christmas.”
Go figure. My Timex Ironman is all I need.