A watch is most definitely one of the most interesting things that one can have in one's possession. Not only does it give you a concept of the what time is (so that you can, in some ways, synchronize with others), it also tends to accentuate a person's entire look ? for the better or for the worse, of course, depending on taste. So not only is a watch functional, it is also aesthetic, and a watch is one of the few things in the world that could honestly say that in most cases, it has found the perfect balance between those two elements ? being practical AND looking good.
The sad part, however, is that nowadays, people are buying watches more for the aesthetic value rather than for the timekeeping value ? people buy watches because the watches look good, not necessarily because watches tell you the time. This is a tragedy when you realize that the true value of the watch is not from its functionality alone or from its looks alone, but from a combination of both. A watch is almost like poetry, in that it has a form and undeniable beauty. To take one away is to undermine the watch itself. Keeping time with a watch is, therefore, something that must be done. It would be a terrible shame if a watch were to become nothing more than a glorified bracelet.
There is a reason why watches become important heirlooms. More than being mere tools or mere accessories, its status of being both at the same time have made them symbolic ? they are symbols of time, and how we are connected with time (synchronization) that we could wear proudly.