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(CNN)The winners of this year's "Oscars of watchmaking" have been chosen, with a wide range of time pieces recognized for their engineering perfection and eye-catching design.An industry jury chose the world's best watches in fifteen different categories including sports, jewellery and travel time watch, with the awards presented by the Grand Prix d'Horlogerie de Genève (GPHG) in Geneva earlier this month. Rare Patek Phillipe wristwatch sells for $11 million, breaks auction recordsThe grand prize for the world's best watch, the Aiguille d'Or Grand Prix, was awarded to the Chronomètre Ferdinand Berthoud FB 1 from Ferdinand Berthoud. Read: The most coveted watches of 2016This limited-edition white gold and titanium time piece, which retails for more than $200,000, has a leather strap and is powered by a hand-wound movement comprised of more than 1,120 components.Read MoreThe Public Prize, chosen by votes submitted internationally online and at select international watch exhibitions, was awarded to the 33 bis Quai des Bergues by Czapek Genève. The winning watches were shown in Seoul, Rome and Geneva before they arrived in Dubai on November 15 for their final hurrah at Dubai Watch Week. Watches from Audemars Piguet, Montblanc, MB&F, Piaget, TAG Heuer and Tudor brands, along with Chanel, Eberhard & Co, Fabergé and Grönefeld, were also honored by this year's 27-person international jury.Check out the gallery above to see the full list of this years winners.