Does that Omega keep time as well as a Twenty Dollar, Drug Store, digital watch.?
I am not being argumentative, the Omega is a stunning and brilliant piece of mechanical engineering....."just" asking.
No, it doesn't. A $10 quartz watch is far more accurate. If you read TimeZone.com, the various discussion forums, you'll see that the interest in mechanical watches, or horology in general, is all about craftsmanship.
In Seattle some years ago I attended a local gathering of TimeZone people - we all had our watches on the table, distributed among our dinner plates. One amusing comment that was made was "not a single one of us knew or cared what time it was."
With mechanical watches, the appeal and the expense is mostly in the "complications". - mechanical functions that go beyond indicating simple hour, minute, second. Things like diamonds and other bling don't mean squat to enthusiasts. For example, back in 1999 I wanted the Ulysse Nardin GMT Perpetual. Imagine a watch that not only gave you 24-hour time, but gave you a *mechanical* perpetual calendar that accounted for days of the month plus correct leap year calculations. Not only that, suppose it is Dec. 31, 1999 at 23:00 hours - with "Dec", "31", and "99" displayed in individual windows. Now press the "+" pusher once and the windows show "Jan", "01", and "00" - it's advanced properly to the next hour, day, month, and year, all mechanically. Pressing the "-" pusher undoes this. This feature is mostly for readjusting the time for DST, geographic region, or just resetting a stopped watch, but the mechanics to do a true perpetual calendar are amazing. I can write code to do that on a microprocessor easily and the watch would cost $20, but who cares? There are all sorts of complications, all sorts of internal designs, and that's what makes the hobby fascinating, enjoyable,and worthwhile. BTW, the UN GMT Perpetual back then was only $27,000. There are far more complex and expensive watches.
EDIT: more info here,
http://www.timezone.com/2002/09/17/the-ulysse-nardin-gmt-perpetual-limited-edition/