5 new luxury power watches

Forget about supersize wrist bling. The latest timepieces eschew flash and embrace elegance.

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Watches for the times
Watches for the times

It wasn't so long ago that bigger was universally better in watches -- timepieces loaded up with chronographs, complications, and heavy metals. No more. The latest investment-grade models offer disarmingly simple designs, often classic styles from the past updated with subtle refinements. Think clean lines accentuated by large bezels, slim cases, and high-tech advances in materials and movements.

Patek Philippe Calatrava
Price: $38,600

An 18-karat white-gold case with calendar and moon phase displays.

NEXT: Vacheron Constantin Patrimony
Last updated July 26 2010: 1:54 PM ET
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