Ultra-High Priced Luxury Accessories

Photo by: CNBC.com
Bvlgari: Serpentini Price: From $76,000 Carats: 24.2
Described as "something Cleopatra would have worn," this bejeweled watch from Bulgari is shaped to look like a serpent that wraps... more 
Photo by: CNBC.com
Bvlgari: Serpentini Price: From $76,000 Carats: 24.2
Described as "something Cleopatra would have worn," this bejeweled watch from Bulgari is shaped to look like a serpent that wraps around the wearers wrist. Made with mother of pearl and enamel and set with brilliant cut diamonds. less 
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Fri, Mar 9, 2012 3:53 PM EST

Ultra-High Priced Luxury Accessories

By Carolin Schober, CNBC

The world's biggest annual watch and jewelry fair, Baselworld opens its doors to an expected 100,000 visitors in the Swiss town of Basel this weekend. With glittering displays ranging from diamond-laden watches to emerald necklaces, it highlights the best, and most expensive, in the world of luxury goods.

Increasingly, the fate of luxury watchmakers and jewelers depends on Asia. In 2011, Swiss watchmakers' exports to Asia accounted for more than half of annual sales. Exports to China saw the fastest growth rate at 50 percent last year.

And for now, they see no signs of a slowdown in Chinese demand in 2012. Click ahead to see what the elite really want, and how much they are prepared to pay for it.