By MINA

LOS ANGELES, Feb 16 (Reuters) - DJ Khaled has treated himself to a lavish Valentine's Day gift: a new Audemars Piguet watch that he can't stop gushing about.

The Grammy-winning producer and rapper took to his Instagram Story on Wednesday (February 14) to flaunt his new wrist accessory, a gold, diamond-encrusted timepiece from the Swiss luxury brand.

Khaled, 46, also revealed that he had found a new meaning for the watch's initials, AP, as he admired its beauty and craftsmanship.

"AP, another one. AP, another blessing. AP, another level. AP, another win. AP, another success. AP, another love. AP, another life. AP, another gratitude. AP, another joy. AP, another happiness. AP, another peace. AP, another prosperity. AP, another abundance. AP, another wealth. AP, another health. AP, another vision. AP, another dream. AP, another passion. AP, another purpose. AP, another mission. AP, another legacy. AP, another greatness. AP, another excellence. AP, another masterpiece. AP, another classic. AP, another timeless. AP, another iconic. AP, another legendary. AP, another one," Khaled said in a series of videos, showing off different angles of his watch.

Khaled, who is known for his catchphrase "another one", also thanked Audemars Piguet for creating such a "masterpiece" and expressed his gratitude for being able to afford such a luxury item.

"Thank you Audemars Piguet for this masterpiece. Thank you God for this blessing. Thank you to my fans for your love and support. Thank you to my family for your unconditional love. Thank you to my team for your hard work and dedication. Thank you to myself for never giving up and always striving for greatness. I love you all. Happy Valentine's Day," Khaled said.

According to the Audemars Piguet website, the watch that Khaled purchased is from the Royal Oak collection, which features "the world's first luxury sports watch". The watch has a self-winding movement, a date display, a glare-proofed sapphire crystal, and a water resistance of up to 50 meters. The price of the watch is not listed on the website, but similar models can cost up to $100,000.

Khaled is not the only celebrity who is a fan of Audemars Piguet watches. Other stars who have been spotted wearing the brand include Jay-Z, Beyoncé, LeBron James, Serena Williams, Justin Bieber, and Rihanna.