my point being that i know wealthy people. none of them wear rolex.
I know a few wealthy people too, some are even related to me. Truthfully, I never noticed their watches, if they even wear them. Wearing a watch indicates that what time it is, is important to a person. Myself and many of my friends don't have to answer to anyone or account for our time. There are clocks everywhere if you need to be somewhere at a certain time, you don't need a watch to do this. My calendar is on my phone. If I have an appointment, my phone reminds me using a digital voice. People who actually have to work for someone else to make a living, probably have more need for a watch. Pretty much any watch will keep decent time. I wear a watch. It is the same one I've worn for years. I think I wear it out of habit mostly.
Men don't have as many options as do women when it comes to jewelry. I suspect wearing a Rolex is similar to a woman wearing a large diamond on her finger or an expensive tennis bracelet. It's a status symbol designed to let others know you have money....at least enough to be able to purchase expensive jewelry, although they might be buying it on credit, but no one has to know this.
For some of us, the need to impress just doesn't interest us. I don't care what strangers think, I don't need to impress anyone for business reasons and my friends could care less how expensive or cheap the watch I wear is. If the watch I wear ever quits, I'll probably buy another Seiko because Seiko has served me well over the years.
