Homage watches are quite popular. These are timepieces made with a high inspiration of other higher-end and more expensive watches.
Made to look very similar, they won’t try to steal anything from their muse. Rolex, Omega and Panerai are few of the brand that are popular in the homage watches. Some respected brand like Tissot also product watches that are far too similar to not be considered homage. This is often a good way to have the look for cheaper that the Holy Grail.