SAN FRANCISCO (CBS SF) — If the mere idea of a smart watch seems like a waste of money, get ready to be flabbergasted because a luxury watch maker is selling a $75,000 diamond-encrusted version of Apple’s newest gadget.

Well-heeled buyers can cough up a $10,000 deposit for the 24K yellow gold “Lux Watch Omni,” described as a “custom Apple watch that is set with multiple rows of diamonds around the face, buttons and strap clasp as well as a full strap set with diamonds.”

The watch comes in two sizes, and included a carbon fiber and suede lined aluminum case.

Apple unveiled its new smart watch to consumers in San Francisco Monday.

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