A timekeeping and magnifying device is disclosed. The device includes a watch and a magnifying lens pivotally connected to the watch. The lens may be pivoted away from the face of the watch to magnify objects other than the face of the watch. In one embodiment of the invention, the device includes spring structure which is adapted to bias the lens away from the face, and a fastener which selectively retains the lens adjacent the face of the watch until disengaged, at which point the spring structure automatically pivots the lens away from the face of the watch. In a variation of this embodiment, the fastener is actuated by a push-button mechanism. The device may further include a light that is actuated when the lens is pivoted away from the face of the watch, such as by the spring structure.