Arturo sent me some pics on Twitter of his work polishing up the LG G Watch R. The body is metal, but is covered in a black material. If you want a shiny look, LG sells the Urbane, or you can take matters into your own hands like Arturo did.
Taking finer and finer grades of sand paper to get down to the metal, and then finishing off the watch body with a dremel and some polishing compound, I think the completed project is looking really nice.