Guys, we suddenly know what's going to be huge on the Oscars red carpet come February: brightly colored Swatch watches. Why? Well, with this morning's reports that the Swatch Group is set to acquire the Harry Winston jewelry and watch brand from Harry Winston Diamond Corp. for $1 billion, why not? Harry Winston is a purveyor of expensive jewelry that's an awards-season staple. According to the AP the acquisition will help Swatch "compete against luxury watch makers." That said, we hope they don't abandon their signature item, which was an 80s favorite.

So how would some Swatch watches look on the wild and glamorous red carpet? Well, we tried it out on Jessica Chastain: 

Looks good to us!