Elizabeth Taylor's jewels are legendary. So much so that when her wraparound Movado watch was being sold during the actress's epic estate auction three years ago, the luxe jeweler jumped on the chance to buy it back (the company spent $15,000 for the treasure). Now Movado is taking the elegance of the original design and rereleasing the classic with modern updates, like a round dial and comfier easy-on/easy-off hinge. It gives a new generation a chance to channel Ms. Taylor. Without a doubt, that's exactly what she would have wanted. The watch, apatly named Museum, is available at Movado stores and online in silver for $795 or gold for $1095.