Lloyd,
Why yes it does. I do know that Rolex's and other expensive watches need costly servicing requiring them to be sent away for it, I've come to prefer a quartz watch instead of a mechanical spring one. The quartz watches are accurate needing only a battery yearly. The mechanical ones are more sought after and prized, but I've come to prefer a couple of Bulova Marine Star's for both dress and out and about use. I believe the more expensive watches serve more as jewelry than anything else. Form should always follow function!
Karl