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Rough translation from "nos journaal" dutch site:
Has it been stolen, got lost or simply taken off? In the media many reports speculate that president Bush's watch has been stolen by enthusiastic Albanians last Sunday. The television pictures show he is indeed wearing his watch one moment, however, moments later, no longer wearing a watch. But it is not clearly seen what happens. It's possible that one of the Albanians "lifts" the watch with a lightning action in the exitement. But it is also possible that the president loses the watch, because at a given moment he looks clearly to the ground. The white house has not yet reacted to ' wristwatch-gate '. The American embassy called the bulletins "absolutely untrue". According to the embassy Bush had delivered his watch to a bodyguard.