Derek Carr Gifts Saints Receivers Rolex Watches, Diamond Chains For H

Move over Santa Claus, it's all about Santa Carr -- 'cause New Orleans Saints quarterback Derek Carr showed his receivers some major love for the holidays ... by gifting them Rolex watches and diamond chains!!

TMZ Sports has learned ... the four-time Pro Bowler wanted to do something super special for his wideouts this season as a sign of appreciation, so he hit up Al the Jeweler of Labelle Jewelry in Totowa, NJ to make some custom pieces.

NEW BLING

We're told Chris Olave and Rashid Shaheed received the iced-out time pieces ... and others in the crew received chains.

Carr didn't forget about his guy Michael Thomas ... we're told he'll have a present, too -- as soon as the two get in touch.

Carr is a loyal customer of Al's -- as we previously reported, the quarterback also went to him to make custom number pendants for Maxx Crosby and Davante Adams before he left the Raiders earlier this year.

The whole Carr clan also has new jewelry -- each family member has a custom iced-out part of a puzzle that comes together to be one whole piece!! How cool is that??