The 18-carat Tiffany & Co. watch was given by three women survivors to Capt. Arthur Rostron for diverting his passenger ship, the RMS Carpathia, to save them and others after the Titanic struck an iceberg and sank in the north Atlantic.

The gold watch was given to the captain of the Carpathia, the ship that responded to the Titanic’s distress call and rescued hundreds of people.

A gold watch gifted to the captain of a ship which rescued more than 700 passengers and crew from the Titanic has sold for a record-breaking £1.56 million ($1.97 million).

This pocket watch could rival the Heart of the Ocean. A gold Tiffany & Co. pocket watch given to a captain who saved passengers from the Titanic sold for almost $2 million at an auction over the weekend,

A gold pocket watch given to the ship captain who rescued 700 survivors from the Titanic sold at auction for nearly $2 million, setting a record for memorabilia from the ship wreck.

Auctioneers Henry Aldridge and Son, who sold the watch to a private U.S. collector on Saturday, said it’s the most paid for a piece of Titanic memorabilia.

A gold pocket watch given to the ship captain who rescued 700 survivors from the Titanic sold at auction for nearly $2 million.