I've read in many post that you should not wear flashy jewelry as it attracts unwanted attention

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I'm the type of guy who likes to look good no matter where I am (not for show off purposes, but for me only. I know you don't have to impress anyone there at all).
I have a flashy looking watch, just a regular Guess watch but it resembles a Rolex in look- black/silver.
I never take it off, haven't for 5 years now (I feel naked without it, I'm sure I will be naked all the time... ahem- but I feel empty without the little guy keeping me on track through these fast times).
Will one watch be that big of a deal? Do you think it will be enough for one person to see and make me a target? (I will also be with more people most of the time- never alone) I could care less and have dealt with punks from other countries before, so it's nothing new there (but new country of course, different people)... I can only imagine how many fake Rolex's people wear around town.
Anyways, should I just forget it all together? It's not that big of deal if I can't bring it but I want to- I wore it for 2 months when I traveled to Trinidad and Tobago in 2001 for the Carnival. I got constant looks back and forth from locals, mostly becuase I was only white person on the damn island...other then this, I like to dress nice- they just aren't use to seeing that I guess.
Also, are new cloths a big problem? I purchased a lot of new cloths before the trip- lot of light color (white/grey) stuff- new shoes, I mean it looks very flashy by itself. Should I go with more busted down cloths to blend in more, or stick to my GQ style and not give a shit?
I don't think I should change who I am because I'm in a different country- but I just want stress free, fun vacation without any trouble- ya know?
Opinions?....
Thanks a bunch again for all your guys info, It will surely help me and my bro once we arrive.