Yes, bracelets for "high end luxury" watches can squeak.
https://www.google.com/search?q=rolexforums.com+squeak&oq=rolexforums.com+squeak
Metal and metal rubbing against each other can have that effect. Either let it break in or put a drop of oil on the parts.
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Like I had said on many occasions, just wait until Apple makes a car. People will be complaining that their cars scratch easily, that they have to change oil on the car too often, the tires wear out, and will be buying windshield covers and car wraps.