TAG Heuer's upcoming $1,800 smartwatch will be unveiled at an event in New York on November 9. That's according to company CEO Jean-Claude Biver, who informed CNBC that the luxury watch-making company is pleased with how the Apple Watch makes it possible for brands to introduce more expensive options to the smartwatch market.

The TAG Heuer Carrera 01 will be launched with a price tag of $1,800 and will be powered by Intel components and the Android Wear OS. We'll hopefully have more to share come November 9. The event for the Carrera 01 is expected to kick off at 11am local time.

Source: CNBC