And it’s been stolen.
A 29-year-old man’s Rolex, worth more than $40,000, was stolen in a robbery at his Marmion home last month.
Police said two Caucasian men confronted the victim at his West Coast Drive property and stole the 18-carat gold timepiece about 7pm on January 7.
Known as a Rolex Oyster Perpetual Day/Date II, it is mounted on an 18-carat yellow-gold presidential bracelet with serial number 4M5834Z8.
For comparison of its worth, a car buyer could purchase two new Mazda 2s at $19,690, for nearly the same price as the high-end timekeeper.
One of the offenders was described as aged about 25 and mid-height with short black hair.
He was wearing a white T-shirt and brown shorts.
The other man was tall, aged about 45 to 50, with a bald head and beard.
He was wearing a T-shirt and jeans.
Anyone with information is urged to contact Crime Stoppers on 1800 333 000.