The timepiece was owned by Oscar Woody, who perished along with 1,520 others when the luxury liner struck an iceberg and sank in the Atlantic Ocean in 1912.
His body was recovered from the sea 10 days later and all of his possessions were removed so they could be sent back to his family.
Among the treasured items was his gold plated Ingersoll watch and chain that was damaged as the disaster unfolded.