How has a ₹5,700 Casio watch become new political status symbol in Thailand?

The Casio Royale worth $60 (₹5,700) has become a new political status symbol in Thailand after PM Anutin Charnvirakul started gifting it to ministers, senior bureaucrats and allies. Anutin buys the watches from small shops in Bangkok, then has his name engraved on them before gifting away. The recipients, who wait for months for their turn, get "Casio Connection" moniker.