The Chakram gear in the Catalog displays the Time Watch, as opposed to the proper gear. However, the Chakram will properly appear when inserted via methods such as InsertService. I am unaware of what caused this to happen, as I only learned of it while browsing the catalog.
In catalog:
In game: (Catalog Avatar Creator used for screenshots)
Main reason for this report:
I would recommend looking into this, as it my be effecting other items too, and finding the issue now can prevent further bugs of this nature for every Marketplace item type in the future, as well as fixing any other item that may be bugged at this moment, if any exist.