These days, luxury watches are much more than just a practical accessory to keep time. Richard Mille, for one, has released a new collection for women called the RM007. As much a piece of jewellery as a timepiece, standouts include the Roman MOP (HK$610,700) - an 18-carat rose gold number set with 3.84-carat white diamonds on the bezel and black diamonds on the case columns. Finished with a metallic gold alligator strap, this self-winding watch features a 38-hour power reserve and a scratch-resistant sapphire crystal face. Available from Richard Mille, Shop 328, Pacific Place, Admiralty, tel: 2918 9696.