There are two type of watch images.
-Advertising ones that are all different from each other, with different styles depending on the art direction purpose and of course dedicated lighting for each set up. On these type of images you can not have a preset lighting set up.
-Then (like the screen shots you have) the catalog images. For these you can have a preset lighting set up of your own with worse or better results depending on your knowledge and dedication.
The Rolex one is a very good example of catalog image, is frontal, surely shot ins a tent (bought or created with defuse light panels and have 4 lights, 2 on the sides , 1 on top and 1 below. These 4 lights should go like 25 degrees in angle to the watch. Meaning they are not exactly on the sides or on top but closer the the camera. Like when your doing repos.
The retouching process is different for advertising, which is closer to photoshop illustration and the catalog which is lighter more toward cleaning stains, dust and blemishes. Here you can go as far as you want depending on the needs. Like brand catalogs need to be pristine, whereas Christies have too be more real.
My thoughts..