So wait, a watch indicates that someone should be taken seriously? So if youre wearing an expensive suit, but no watch, you will not be taken seriously?

I know it sounds ridiculous. I can see where people that have never been in a similar situation wouldnt understand, but yes. Absolutely.
I size coworkers, associates, and people I have done business with, based on suit, the cut, cufflinks if wearing french cuffs, etc.
I had to go out and buy a 350 mont blanc pen when I get to a previous job because that particular "office" was big on pens.
The first time I signed something with my pentel gel pen my supervisor called me out on it for a week.