Floyd Mayweather buys $1m diamond watch

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WBC welterweight champion Floyd Mayweather doesn't do things by halves - the pound-for-pound king has reportedly splashed out $1m on an immaculate watch made from Russian cut diamonds.

The 60-carat timepiece, which was crafted by Rafaello and Co, is made up entirely of diamonds with the exception of the white gold hands and the leather band.

The Money Team flew to New York City last week, according to TMZ, to check out the ludicrously expensive watch before Mayweather himself agreed to complete the purchase. The 37-year-old even owns the trademark on the design, so it can't be duplicated unless he gives permission.

Mayweather is known for his extravagant lifestyle, but this ranks among his most outrageous purchases. The US boxer did, however, post a picture of a Mercedes-Benz S550 on Instagram along with the message "I Love You Mom" over the weekend. So, at least he isn't blowing all of his cash on himself.

Mayweather is set to receive a large amount of his cash for his May 3 bout against Argentina's Marcos Maidana at the MGM Grand in Las Vegas, though, so it's unlikely that he'll make a loss at the end of the calendar year.

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