Hi,
From the shape of the numbers it's easy to deduce that the number displays are nixie tubes- and sadly, nixie tubes that small were never produced. (However, nixie wristwatches have been built, but tehy are gargantuan, and only have two tubes.
Old Nixie Watch by Cathode Corner Wozniak rocks one also) So, a practical real world version from the watch would be impossible, but IMHO, a version built with 7-segm LED displays would be equally awesome. The power supply would prove a problem though, as wristwatch cases tend to be on the small side, and LEDs drain the smallest batteries quickly compared to LCD displays.
The blue light tube appears to be one of these
http://www.trdpartsonline.com/images/IEC FUSE 193,195 SERIES.jpg converted into a light, doable with LEDs and a small glass or plastic tube (a clear drinking straw would do the trick). The two black cylinders with metal-colored tips are just your everyday condensators (like this one:
http://static1.tme.eu/katalog_pics/5/1/3/5134743d4610da715702d3eff8942920/gt470_25.jpg).
If I were you, the first step would be finding the smalles PCB watch kit you can find, and buil a big enough case for it in the likeness of the one in Last Light. The hardest part that I can think of is figuring the display and power consumption, but they are both absolutely solvable problems.
Can't wait to see what you come up with =)
_A