Tucked in between Mother’s Day and Father’s Day, graduation is yet another agenda in some people’s packed gifting schedule. But it is an important opportunity to establish a future heirloom. The grad gift commemorates the passage into adulthood, and should be a reward for the hard work of getting through the learning stage to the working stage. It’s the beginning of a new life that involves, among other things, time management. That calls for an important watch, one that conveys elegance and taste. It should be practical, investment-worthy, and serve as a daily reminder of the rewards of dedication. It is also an heirloom as much as an investment and many come with casebacks convenient for engraving a monogram or a meaningful message. Best bets include anything that could be considered versatile and classic like the Jaeger-LeCoultre Reverso or the Vacheron Constantin Traditionnelle. But there is also plenty of fun to be had for young grads, so colorful or cool sports watches like the Breitling Top Time or the Rolex Oyster Perpetual also hit. Fashion statements like the Piaget Sixtie or the Bulgari Serpenti are perfect for female grads.  Here are 10 suggestions for celebrating grads that run the gamut from smartly practical to wildly generous.