Celebrities from Mark Wahlberg to NBA star Anthony Davis are obsessed with a diamond-studded, $96,900 rainbow Rolex — and its value has tripled since last year's release

Post Malone was the latest celebrity spotted wearing the vibrant, rainbow gemstone-covered Rolex watch.

Post Malone wore an eye-catching Rolex watch with rainbow gemstones during an appearance on"Late Night with Jimmy Fallon" last week. The singer is just the latest celebrity to flaunt the timepiece —John Mayer, Adam Levine, Kevin Hart, and Miley Cyrus have all been seen wearing the Rainbow Rolex Cosmograph Daytona. The watch was released last year and its value has since more than tripled. Visit Business Insider's homepage for more stories.

Post Malone wore an eye-catching Rolex watch with rainbow gemstones during an appearance on"Late Night with Jimmy Fallon" last week. The singer is just the latest celebrity to flaunt the timepiece —John Mayer, Adam Levine, Kevin Hart, and Miley Cyrus have all been seen wearing the Rainbow Rolex Cosmograph Daytona. The watch was released last year and its value has since more than tripled. Visit Business Insider's homepage for more stories.

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