Written and directed by Sofia Coppola (Lost in Translation), the movie is based on the true story of the Hollywood Hills Burglar Bunch.
The group stole more than $3 million in goods from celebrities including Lindsay Lohan, Orlando Bloom and Paris Hilton, who will reportedly make a cameo appearance in the film as herself.
The images, released by Entertainment Weekly and CulturExpressO, show Watson alongside fellow cast members Taissa Farmiga (American Horror Story), Israel Broussard (Flipped), Katie Chang and Claire Julien.
Watson recently tweeted a picture of herself in costume as her character Nicki, complete with tattoos on her arms and hip.
"Nicki likes lip gloss, purses, yoga, pole dancing, Uggs, Louboutins, juice cleanses, iced coffee and tattoos," she wrote.
Kirsten Dunst and Leslie Mann also star in the crime drama, which is due for release in 2013.
Watch a trailer for Watson's last film My Week with Marilyn below:
