Watchmaker Jaeger-LeCoultre has created their first fine jewelry creations in their 175 year history. The four-piece set called Parure Extraordinaire Le Lierre includes a cuff watch, a necklace, earrings and a ring. The floral design is similar in style to two Jaeger-LeCoultre watches we previously covered called The Rose and The Tulip.. The first jewelry produced in Jaeger-LeCoultre's 175-year history was unveiled Sunday night during a dinner at the Venice film Festival attended by actress and Jaeger-LeCoultre ambassador Diane Kruger who modeled the set which features a total of 12,000 precious stones totaling over 160 carats and two large yellow diamonds. It is valued at approximately $4.3 million.

Jaeger-LeCoultre has teamed up with actor and environmentalist Leonardo DiCaprio on the new "Time to Care" program, which will benefit the Leonardo DiCaprio Fund at the California Community Foundation. Two special timepieces will be sold in the fall of 2008 and all the proceeds will go to DiCaprio's fund.

The first unique piece for sale will be a one-of-a-kind Master Compressor Extreme Lab, worn by DiCaprio to the premiere of his documentary as shown in the picture above. This piece will be the first watch in the Extreme Lab series to be delivered anywhere in the world, and is valued at approximately $300,000. It will be engraved with Leonardo DiCaprio's signature and is crafted in carbon fiber and titanium. It has an automatic tourbillon, two time zones, a pointer-type AM/PM indication at 12 o'clock and a patented jumping date display between 15 and 16 linked to local time. The watch features the first mechanical movement to operate without any lubricant and it is resistant to extreme temperatures of -40 degrees to +60 degrees Celsius.

The second unique timepiece for sale will be a one-of-a-kind edition of the Reverso Gyrotourbillon 2 valued at approximately $400,000, It will contain the first-ever spherical tourbillon and will be the first watch in the Reverso Gyrotourbillon 2 series to be delivered anywhere in world. The platinum watch also contains a 50-hour power reserve. It is fashioned from over 371 parts and was specially created to commemorate the 175th anniversary of Jaeger-LeCoultre this year.

The watches will be sold at the new Jaeger-LeCoultre Boutiques in Boca Raton and Beverly Hills which are scheduled to open summer and fall of this year, respectively.

You might know Diane Kruger best from her role as Nicolas Cage's love interest in the National Treasure movies, now Kruger has scored a little treasure of her own, signing on as the ambassador of Jaeger-LeCoultre watches. The beautiful German actress is the new female face of Jaeger- LeCoultre and will wear its watches in her daily life and on the red carpet. She has already been spotted wearing a couple of the brand's watches at various events such as the Berlin Film Festival.

[via Time Zone]

This amusing watch is the latest in the Joallerie 101 series from Jaeger-LeCoultre, the 101 Manchette. The watch, which looks more like a bracelet, is made up of a series of polish and diamond-set squares. And yes, there is a watch too, one that uses the mechanical manually wound Jaeger-LeCoultre Calibre 101 movement. The watch has a silver-colored dial with a sapphire crystal and a winding crown on the case back. The watch is available set with 576 diamonds or with 400 diamonds and 11 onyx cabochons.