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Did you ask your daughter why she bought your granddaughter a watch for Valentine's Day? Seems like that would be the place to start.
Otherwise, there are a ton of unwarranted assumptions in your post:
--Most parents today buy their kids expensive Valentine's gifts.
--Kids are spoiled and "treated like royalty" on holidays.
--Kids ignore their parents and get them nothing for Valentine's Day
--Valentine's Day is for sweethearts, not kids, but it's appropriate for kids to make their parents Valentine's cards (that one is the strangest of all).
Are you bent out of shape that your daughter bought a gift for her daughter, but you don't think she'll give you anything?
I agree with most of your post, but it's really none of the OP's business what her daughter chooses to do for her own daughter.
I wanted to point out that, IMHO, giving a child a small box of candy for Valentine's Day is a much. much different type of "gift" than buying them a $200 watch.
I doubt if a lot of the parents who mentioned that they gave their child a small box of chocolates would consider a $200 video game or $200 remote control car or a $200 piece of nice jewelry as an equivalent "gift" to their child for Valentine's Day.
But, different families are different. Maybe, in some circles, or in some families, those types of gifts are common (but, not in my family or my circle of friends).
I wanted to point out that, IMHO, giving a child a small box of candy for Valentine's Day is a much. much different type of "gift" than buying them a $200 watch.
I doubt if a lot of the parents who mentioned that they gave their child a small box of chocolates would consider a $200 video game or $200 remote control car or a $200 piece of nice jewelry as an equivalent "gift" to their child for Valentine's Day.
But, different families are different. Maybe, in some circles, or in some families, those types of gifts are common (but, not in my family or my circle of friends).
It was a $50 watch. Maybe she needed a watch and found a great deal so splurged a tad.
In any event, I agree with Mattie that it isn't anyone's business.
I am out of touch. All my life I thought Valentine's Day was a day when you bought candy and/or a greeting card for your spouse or significant other. But now I find that moms with husbands are buying gifts for their children on that day!
My daughter, 47, went to a boutique and they were having a 75% off sale. She bought a $200 wristwatch for her teenage daughter for Valentine's Day! Is this normal to you? I'm old and the way I was brought up the kids of the household were not treated like royalty. They made their parents cards for Valentine's. Isn't it a day for sweethearts?
What do you feel about this era of spoiled kids raised to think they're something very special on holidays and that parents can be ignored?
Seriously? After your last thread? You need to stop this stuff with your daughter.
And yes, many people buys gifts for the children on Valentine's Day.
saibot , how can I be "bent out of shape" that my daughter won't give me a Valentine's gift when she NEVER has and I've never heard of children doing it? Plus, I've never given her one either!
I can't wait to see the watch, actually. I love my granddaughter and I'm sorry you seem to think I'm extremely childish!
My kids are in their early 20's. When they were young we gave them a card and some treat for Valentine's Day.
I started a new "tradition" with my very young nephews last year. All three are under 8. I wrote them each a silly note, drew lots of hearts, and sent them a $1. They LOVED it. Will do it again this year.
I've spend $200 on my kids just because it's a Monday and I love them, so I can't wrap myself around the axle about another mother buying a watch for her daughter on Valentine's Day.
Mattie: there's no "harm" in giving candy and gifts to your kids on that day. I simply never heard of it before.
I recall as a child "they" invented a day, "Childrens' Day." My little friend said her mother was buying her a gift . My mother said, "are you kidding?? Everyday is children's day around here, Susan." So I guess I got that attitude from her.
I've learned something today! It is perfectly normal to give your children some sort of gift on Valentine's Day. I'll stay abnormal and hope for a card from my husband. I sure won't get flowers but I'd be thrilled if I did .
I give my kids some candy, or something small. My mom did the same for us sometimes. I think Valentine's day is stupid holiday. If I'm going to get flowers from my husband, I'd prefer it on any other day of the year, when they are cheaper and he's not feeling pressured because of the holiday.
Schools have been celebrating V's day for as long as I can remember. All the kids bring cards or treats for the whole class and the teacher. That's not romantic. In our house, all holidays are about the kids, really, so we get a heart shaped pizza and some pink cookies. It's just an excuse for a little fun.
As for the watch, it sounds like your daughter saw a good deal, and the holiday was an excuse to give it to her.
I agree with most of your post, but it's really none of the OP's business what her daughter chooses to do for her own daughter.
It was her daughter's action that made her generalize about an entire generation of spoiled children. I don't see that it would be so out of line to say to her own daughter, "Oh, are you exchanging Valentine's Day gifts with the kids? Is that one of your family traditions?" or something like that, as long as she could manage not to infuse the question with her judge-y attitude about the very idea.
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Seems like that would be the place to start. 
