There are actually fan sites for replica watches, including the Rolex brand. Interesting to note: there is NO patent on any watch design. The LOGO ("Rolex" and little crown) are trademarked. That's it. But even good quality knock-offs don't come cheap. You would have to be a jewler and a damned good one, in order to tell the difference. Mostly (if I remember correctly) the internal workings do not use titanium and other expensive
A "showy display of one's means of life" is probably the real thrust here. Both Tony Morris and Samuel Herd hide their left watch-wearing wrists under the table during the majority of their respective time on JW TV.
Also, this:
http://www.jw.org/en/publications/magazines/w20130815/consider-kind-person-you-ought-to-be/
Which cites this:
(NIV translation) 1 John 2:15, 16
On Not Loving the World
15 Do not love the world or anything in the world. If anyone loves the world, love for the Father[d] is not in them. 16 For everything in the world—the lust of the flesh, the lust of the eyes, and the pride of life—comes not from the Father but from the world. 17 The world and its desires pass away, but whoever does the will of God lives forever.
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(New World Translation version) 1 John 2:15, 16
15 Do not love either the world or the things in the world. If anyone loves the world, the love of the Father is not in him; 16 because everything in the world—the desire of the flesh and the desire of the eyes and the showy display of one’s means of life—does not originate with the Father, but originates with the world.