Ultra Diamonds is organising a watch sale offering the timepieces up to 40 percent off their retail price, reports say. The sale is being conducted online over 48-hours and ends on February 19, 2010.

There would be over 100 styles of watches and brands like Omega and Tag Heuer featuring in the sale, including the Omega Seamaster Limited Edition James Bond 007 watch, the Omega Speedmaster, Seamaster, Constellation, and DeVille, the Tag Heuer Link, Tag Heuer Kirium, and Tag Heuer Aquaracer watches.

Reports add that the company had purchased the watches from a national authorised dealer who was going out of business. All the models are the popular 2010 models that are currently selling well in the retail markets, reports say.