Jorge Masvidal will be allowed to inspect Colby Covington's watch to see if it's a phony Rolex ... the UFC star's attorney tells TMZ Sports a judge just granted their motion to see the timepiece up close.
Covington had alleged Masvidal banged up the watch -- which Colby says is worth around $95K -- during an attack in Miami last month ... but Jorge and his legal team say they have doubts it's a real Rolly.
In fact, Masvidal and his attorney, Bradford Cohen, were so skeptical .