interesting question, as a diver I would like to know too.
Based on what I have found and asked and have answered, there are two situations, whether the watch and diver is inside or outside a helium-saturated environment. a helium-saturated environment contains helium because divers are breathing a gas mix like trimix, which contains helium or hydrogen. at deep depths/under pressure, it is fatal to breathe pure oxygen.
When the diver and watch are inside such an environment - such as a dry dive suit (which covers & seals your watch within the suit), or deep sea exploration made possible with the use of diving bells or other vessels - the helium may seep inside the watch, and when the diving bell or vessel is brought to the surface, the helium may not seep fast enough out of the watch - so the helium release valve is used. The valve releases the helium, hydrogen and/or other gases used in the breathing gas mix trapped inside the watch case.
But for most divers who wear the watch on our wrist and enter the sea without such aids (dry dive suit/vessel), a helium valve is not necessary, as the watch is not in any environment that contains helium or other gases - its in sea water. The casing need only be strong enough to withstand the pressure.
Also, if in a dry dive suit, decompression safety stops are done during your ascent (for me that would mean 3 minutes every 5 metres of ascent), generally the helium would be able to escape sufficiently. But with a dry dive suit alone (without a vessel), you would not be able to spend enough hours underwater long enough for the helium built up to be significant that a release valve is necessary. I don't have the exact numbers but infer from information seen that you would have to descend to depths of 300m (in other words spend a really long time underwater, days perhaps) in order to be breathing enough helium to require a valve - in which case the sensible (perhaps only)thing to do is to use an exploration vessel.
This being the case, I infer that the rarity of any of us using the watch in an exploration vessel would have led to the design decision not to include the helium valve gauge.
That, at least, is my guess and understanding. Please correct me if I am wrong.