Grammy Award winning rapper, "Lil' Wayne" celebrated his 27th birthday with friends, receiving a Chopard diamond encrusted watch worth a reported $1 million.

The Chopard watch was a birthday gift from friend, Brian "Birdman" Williams, who is chief executive of Cash Money Records, the record label that includes Lil Wayne as one of its featured artists, according to Scott Yeti, editor of WoooHa.com, which covers hip-hop & urban music news.

The watch was a special order from Chopard, says photographer Derick G, who was at the party. "Lil Wayne loved it," he adds. More photos and a video of the party can be seen at the photographer's blog.

Lil Wayne, whose birth name is Dwayne Michael Carter, Jr., grew up in the Hollygrove neighborhood of New Orleans. He was discovered as a teenager by Williams. In the span of his 13-year career, Lil Wayne has sold more than six million units, including "Tha Carter II (2005) which sold over 2.5 million units.

Cash Money Records is a hip hop record label founded in 1991by Williams and his brother Ronald "Slim" Williams. The upstart label has become a creative force within the independent marketplace. Other artists on its roster include the Hot Boys and producer Manny Fresh.

Cash Money Records is affiliated with Universal Records, a division of Universal Music Group, which encompasses MCA Records, MCA Records Nashville, GRP Recording Company, Geffen Records, Interscope Records, Hip-O Records, Universal Music International, MCA Music Publishing and Universal Concerts.

While many musicians love their jewelry some can forget to pay for it. Last month I wrote about Wyclef Jean facing a lawsuit over unpaid-for jewels, this week it's Lil Wayne. The rapper whose real name is Dwayne Michael Carter Jr. has been ordered by a Miami-Dade Circuit Court judge to pay a New Orleans jeweler $146,000 for a diamond ring and necklace. Lil Wayne had made arrangements with jeweler Jack Sutton to pay for the pieces in monthly installments in 2006. Sutton took Carter to court because Carter had made only one $24,000 payment over the last two years.

Carter may return the $138,000 ring instead of paying in cash. The Miami Herald also reports that according to a May 6 notice of federal tax lien filed with Miami-Dade County, Carter owes nearly a million dollars ($977,840.81) to the IRS in income tax.

Rapper Lil Wayne is the latest celebrity to announce his own booze brand. Lil Wayne is partnering with Milestone Brands and French grower Voirin-Jumel to create Halo Champagne. A bottle of the appeared in the video for his song "Lollipop." The Halo Champagne will be available in four styles, Brut, Brut Vintage, Rose and Halo Pinnacle and will be out this fall. He joins a long list of actors and musicians with their own wine-related projects, check out the gallery below.