There's probably a unifying and specific term for a roving band of classless douchetards, but I do not know it.
Basically, a classy ass timepiece like that sets you apart from the random dipshittery who are walking down the street oblivious to reality as they gaze in rapture at the random information that their chosen news aggregation service deems worthy of note. It sends a statement to the world, it tells folks that the minutiae they deem important is only judged so because they put weight on it, and if they truly valued the limited time they have to spend on this world the would lift their weary gaze from the device they've chosen to devote an unwieldy chunk of their life to and put some effort in to truly absorbing the wonder that is modern society.
Basically, if you wear a timepiece like that you are letting people know that your time is a valuable thing, a real commodity that you refuse to let go to waste. It is a piece of old time technology that you are showing folks you value the workmanship of. Something that shows you value artistry and true craftsmanship over crass commercialism.
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So aside from dude's sweet watch, my bro at the bar tonight was talking about how awesome his Fleshlight was. His ex bought it for him as a sex toy but they broke up and he said it was the best thing about the relationship. This is a dude that gets ass pretty regularly, but he said he still values his gross sex toy because every once in a while it's just "fucking awesome".