Three Titanic survivors commissioned the piece as a symbol of gratitude to the captain of the passenger ship, the RMS Carpathia, which saved more than 600 passengers after the Titanic sank in 1912.
Created by Tiffany & Co., the watch stayed with Captain Rostron and his family for more than 70 years.
The brand purchased the watch at a November auction at Henry Aldridge & Son, for £1.56 million ($AUD3.16 million).
Christopher Young, vice president of creative visual merchandising, said having a timepiece with such a unique history in the brand’s collection was an honour.
“Captain Rostron’s pocket watch is an incredible expression of thanks and gratitude, and we are humbled to welcome this extraordinary treasure home to Tiffany & Co.,” he said.
The pocket watch will be displayed at the upcoming LVMH Watch Week in Los Angeles.
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