Though named for a flower, Harry Winston’s timepiece, the Rosebud, is actually more of a chameleon. A freestanding 18-karat white gold watch case encrusted with diamonds, it comes with accessories that enable it to be worn in a number of ways: a white gold chain from which it can hang as a pendant; a satin band to wear on the wrist; and a pin backing that converts it into a brooch. Adding to its versatility, the Rosebud’s face is equipped with a cover that can be swiveled on or off, allowing it to function as a watch or simply a bauble. “We were looking for something that is a jewel and a timepiece,” says Sandrine de Laage, art director and vice president of design for Harry Winston. The Rosebud’s glam packaging also does double duty: When opened, the black lacquered Reuge music box plays Chick Corea’s jazz tune “Children’s Song No. 1” (at Harry Winston, New York; $81,900).