icey wrist/neck

to have a valuable (watch or bracelet) of a large sum of money on your wrist or neck (necklace or chain) that usually shines due to the materials it's made from (such as gold or silver)
money iced out diamonds

"bro look at his icey wrist/neck, it must be a rolex"
"damn he's iced out, looking like a star, WOAH"