RonFrank
Contributor
Most things that do not indicate waterproof to AT LEAST 300 feet will not survive a dive. There are very few things that are dive proof that are not labeled.
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I'm with JamesK here. You should use equipment designed for underwater use- especially an important navigation tool like a compass. Try diving sometime with your "waterproof Timex. It won't survive, especially in salt water, more than a few minutes, because that is not its designed use. I can survive getting a few rain drops, or a sprinkler hit, maybe even dropped in a sink and immediately retrieved and dried. So too a land compass.
DivemasterDennis
I have a "water resistant to 100m" $25 Timex that I'll take on some dives in the ocean next month, and we'll see how it holds up. I'm willing to take the risk of killing a cheap watch to avoid buying an expensive one. (I have a computer so I don't need it for timing; it's just easier to read and use as a stopwatch.) It was fine to 75ft in fresh water.
Timex Ironman Men's 10 Lap Watch - Orange : Target