Chanel is launching a new watch product line called Code Coco. Beautiful watches, designed after their 2.55 pattern handbags. Per Chanel.com: THE DIAMOND CODE Of all gemstones, the diamond was Gabrielle Chanel’s favorite. She loved the graphic beauty and clarity of the diamond. In her own words: “If I have chosen the diamond, it is because it represents, in its density, the greatest value in the smallest volume.” There is a limited edition series of 5 version made of white gold and crusted with diamonds for a tidy sum of $965,000. The other versions are steel, with and without diamond-set bezel. ($5000. and $9,100.)  I love the design of this…