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A $1 million wristwatch that’s out of this world

Wednesday, 9 Oct 2013 | 6:00 AM ET
The million dollar wrist watch
Friday, 23 Aug 2013 | 12:00 AM ET
Up close with a $1 Million watch made of precious stones and meteorites- we're talking out-of-this-world bling!

Watchmaker Richard Mille and jewelry maker Boucheron have teamed up to combine meteorite fragments and rare earth rocks to create the RM-018 Tourbillion wristwatch. It's worth a cool $1 million, and only 30 have been made.

The movement wheels are made of chondrite meteorite, which comes from an asteroid belt between Jupiter and Mars. According to Richard Mille spokeswoman Laura Hughes, 90 percent of these stones broke at the factory, and the breakage cost is just one reason the watch carries a $1 million price tag.

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"It had to have elements of high jewelry to be Boucheron, but Richard [Mille] is all about engineering and pushing boundaries," she said. "Richard wanted to twist it, turn it on its head, so he used beautiful stones, precious jewels. … on the inside."

Source: CNBC

The jewels are visible thanks to a synthetic sapphire that's used to make the top and bottom of the case. It's not only clear, it's eight times more scratch-proof than stainless steel. The rest of the case is made from 18-karat white gold. But despite the fact that the super rich can use whatever material they want for the strap, the Tourbillion uses rubber.

(Read more: These Ferraris could set new record)

"Natural rubber. It's actually a pure beautiful material, and so comfortable, and so a lot of the watches in the collection come in a rubber strap," Hughes said. "But of course, the owner of this will have his options."

By CNBC's Jennifer Schlesinger

Score some VIP time in New York's #SuperRich secret watch club in CNBC's new primetime series "Secret Lives of the Super Rich." You can't afford to miss it: Wednesday, Oct. 9, at 9 p.m. EDT.

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Ultimate Insider

  • A reporter and editor, Robert Frank is a leading authority on the American wealthy for CNBC.