Watch Paparazzi

Entrepreneur Dan Caten spotted wearing Rolex

Dan Caten, one half of the Canadian-Italian twin duo behind Dsquared2, was recently spotted wearing a Rolex Cosmograph Daytona reference 116589 — one of the most opulent variants in the entire Daytona catalogue. The crocodile strap and baguette-set bezel make for an unmistakably high-fashion statement, entirely in keeping with Caten's personal style vernacular.

The Rolex Daytona ref. 116589 is constructed in 18-carat white gold and distinguishes itself from standard Daytona references through its bezel set with baguette-cut diamonds — a significantly more complex and costly setting technique than the more common brilliant-cut configuration. Beneath the dial, the watch runs on Rolex's manufacture calibre 4130, a column-wheel chronograph movement with vertical clutch that Rolex introduced in 2000 to replace the Zenith-based calibre 4030. The 4130 offers approximately 72 hours of power reserve and remains one of the most robust and accurate chronograph calibres in Swiss watchmaking. The case measures 40mm and the dial — typically white or black lacquer in this reference — is framed by those distinctive baguette diamonds that give the watch its jewellery-grade identity.

Within collector circles, the 116589 occupies a niche but serious position. It is not the watch for purists chasing a sport Daytona, but for those who want the mechanical credibility of the 4130 wrapped in genuine haute joaillerie finishing. Production numbers are limited relative to the steel and standard gold variants, and the baguette bezel configuration adds considerable manufacture complexity. These factors keep secondary market supply constrained.

For Caten, the choice is coherent. Dsquared2 has always operated at the intersection of rock-and-roll attitude and luxury craft, and the 116589 — worn here on a crocodile strap rather than the integrated bracelet — reads more like a jewellery piece than a racing chronograph, which suits the designer's aesthetic perfectly.

At UK list price of approximately £57,650, the Rolex Daytona ref. 116589 sits well above the standard gold Daytona, reflecting the diamond-setting premium. On the grey market, demand for jewellery Daytonas has remained steady, with this reference trading above retail — a pattern consistent across the broader Daytona family regardless of configuration.