Floyd Mayweather Jr. just bought himself a nice gift, a $1 million dollar diamond watch.

The timepiece is encrusted with 60 carats of pure, high quality diamonds, reports TMZ Sports.

A source with direct knowledge of the deal tells us Floyd dropped $1 million to have the icy timepiece custom made from Russian cut diamonds.

We’re told the Money Team leader flew to NYC this week to check out the watch which was crafted by Rafaello and Co. and was thrilled with the result — pretty obvious from the look on his face. source