Quote:
Originally Posted by APAP
So platinum price has gone down at least 20% since a year ago. It's now 35% cheaper than gold.
How is it watch makers still charge a much higher premium on platinum pieces? Does it require more man-days for crafting and finishing?
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Watch manufacturers like to say platinum is harder to work on (and hence the premium), but it's not really true, you just need the right tools and equipment.
But in lux biz price only goes up or stay up, doesn't matter if the cost went down. You won't find any that will come out and say, oh the cost of acquiring platinum is down xx%, so lets discount our platinum watches.