Why this rose gold watch costs $400,000

• The Master Grande Tradition Grande Complication is the flagship watch by Jaeger-LeCoultre.
• It was shown at SalonQP, which is Europe's biggest consumer watch fair.
• The $400,000 watch has 527 moving parts and takes up to two years to make.

The Master Grande Tradition Grande Complication is a $415,000 watch made by luxury watch brand Jaeger-LeCoultre.

Richard Phipps-Carter, who is a Jaeger-LeCoultre watchmaker, explained what makes this watch so special.

"What will make our watches quite unique from others is that we're the watchmakers of watchmakers. The case is beautiful rose gold. The movement parts themselves are German silver, the movement itself comprises of 527 components. It is a beautiful finish, there's a lovely color to it, and some other components within the mechanism are quite unique to our own brand."

The impressive looking watch is hand-crafted and can take up to two years to make, but does that make it worth its asking price?

Produced by David Ibekwe