Part of its Limelight collection, Piaget describes this unusual watch this way:

Piaget turns fashion designer to adorn the wrist in the same way that courturiers used to accentuate hourglass figures. This cuff-watch, bedecked in satin and diamonds, vividly evokes the corset with its lace-up motif. The fruit of lengthy research, the lace that weaves its way through the eyelets, while offering glimpses of a discreet watch module, can be changed to match the colour of the day’s outfit. An elegant nod to the world of fashion and to its capital, Paris.

The piece is set with approximately 9 carats of diamonds; price upon request from Piaget.