Final Image:

Crystal :

Step-1

Draw a circle

Step-2

Give stroke with width value 50px (edit>>stroke)

Step-3

Copy the same circle, increase its brightness (using Ctrl + M) and place it below the original circle.

Step-4

Again copy the circle and place it above the original circle and make selection of it (ctrl + click on the layer)

Step-5

Go to Filter>>Liquify and  using turbulence tool deform the circle in the following way.

Step-6

Increase the brightness using curves (Ctrl + M)

Step-7

Go to filter >> blur >> radial blur.

Step-8

Increase the brightness , it should look like this.

Step-9

In new layer, using circle selection fill it with orange color.

Step-10

Change the blending mode of the layer to “color”. Now, you get reflective gold color circular frame.

Step-11

Draw a circle and fill it with radial gradient.

Step-12

Using dodge tool,  brighten one side of the radial gradient.

Step-13

Go to filter >> Noise >> Add Noise

Step-14

Go to Filter >> Blur >> Gaussian Blur. Change the value to achieve the following result.

Step-15

To give some reflection affect to the circular frame, lets add some white color in new layer like this…..

Step-16

Decrease its opacity to 25 to get the following result.(you can done this in layers palette )

Step-17

Similarly,  lets add reflection to the radial circle.

Adding Roman Letters:

Step-18

Adding Roman letters is easy but to place them in perfect position is important and need some technique. So, for this at first select the circle with transform(Ctrl + T).

Step-19

Now,  add vertical and horizontal Guides to match the center point of the transform.

Step-20

Type Roman Letter XII and place it at top. It should align with vertical guide.

Step-21

Duplicate the “XII” and select transform(Ctrl + T). Move the reference point to the cross section of the guides.

Step-22

Now, change the angle to 30⁰ (we are going to place these Roman letter  at 30⁰ distance each)

Step-23

Change the time to one (Roman Letter “I”)

Step-24

Now duplicate the Roman letter “I”  and repeat the same process  to achieve this. (Remember  to move reference point to the center and angle to 30⁰ every time )

Adding Date:

Step-25

Draw a rectangle with gradient like this….

Step-26

Go to Filter >> Liquify, select Bloat Tool with brush size to fit the rectangle and press to spherify in the following way.

Step-27

Now add date and reflection (you know,  how to do it.)

Hour, Minute and Second :-  Hands

Step-28

Draw a rectangle and fill it with yellow color like this.

Step-29

Select half of the rectangle and burn it randomly to achieve the following affect.

Step-30

Keep the selection, select skew transform and skew it like this…..

Step-31

Similarly, skew the other part of the rectangle.

Step-32

With the above drawing, we can create Hour and Minute hands.

Step-33

To create second hand, select perspective transform

Step-34

Transform it in the following way.

Step-35

Now, add  a radial gradient circle to the hand and place it in the position in following way.

Creating Case:

Step-36

Draw a linear gradient rectangle as shown in the figure.

Step-37

Using perspective transform, modify the rectangle like this….

Step-38

Copy the same image twice and place them below the original. Before doing it, change brightness of them. It should look like this.

Step-39

Copy and paste the same image to complete the case.

Creating Bracelet:

Step-40

Draw a linear gradient rectangle like this….

Step-41

Using reflected gradient , draw following rectangle.

Step-42

Combine these two gradients in the following way….

Step-43

Draw one more reflected gradient and add it to the above image like this….

Step-44

Attach above image in the following order

Step-45

Similarly create gold color gradient chain and place them in the following way.

Step-46

Using Perspective transform, deform like this.

Step-47

Place this bracelet on both sides of the watch to get the final image.