Lots Of Gold!

[crusader]

So many Rolex watches contain gold and diamonds. Has anybody ever thought about how much of this stuff has to be sitting around Rolex HQ in Geneva?

Do we Rolex wearers have any assurances that they're not using conflict diamonds or Nazi gold in our watches?

Just a thought.

[frostie]

i have an article about rolex gold but i can't upload it here it's pdf format. It says that rolex is very cautious when selects gold or steel or any other material. Concerning the nazi gold i don't think that this is happening if you consider that gold is not used only by rolex but by the whole jewellery industry.

[SPACE-DWELLER]

Rolex has its OWN gold foundry!

NO Nazi gold there, my friend!

Here is what goes into a standard DD:

"The typical gents Rolex President looks rather impressive due to its large mass and weight not to mention the large price tag that goes with them.But the actual gold value is in a Rolex ? like all gold watches are in reality very poor value for money .Below is a breakdown of a 18kt President . Without the movement, the crystal and other non-gold parts. Each was weighed using a laboratory grade scientific balance.Now all the values were based on the spot price then of gold at $400.00 per troy ounce,so do your sums on todays price.

Now all precious metals are weighed using the troy system. One troy ounce contains 31.1 grams of a particular precious metal. There is 480 grains in one troy ounce.Now If for example we use the above spot price for gold at $400.00 per troy ounce, the value per gram would be $12.86. Using these standards, the actual gold value in the Gents Rolex President would be just $963.27.

The case ring weights 18.5 grams. Contains 13.875 grams of pure gold. It has a value of $178.43.

Case back weighs 7.21 grams.And contains just 5.41 grams of pure gold. It has a value of $69.57.

Bezel weighs 5.30 grams. Contains 3.98 grams of pure gold. It has a value of $51.18.

The bracelet weighs 68.85 grams. Contains 51.64 grams of pure gold. It has the largest value at $664.09.

The total value of the pure 24kt. gold in the average Rolex President is $963.27.Above is based on a 18ct watch."

(by "Padi56")

[Julian,Sea Dweller]

So why are the on average £8000/$16000 more than the steel equivelent?

I think they are having our pants down !!

[Alcan]

Originally Posted by Julian,Sea Dweller

So why are the on average £8000/$16000 more than the steel equivelent?

Probably for the same reason that in Canada the 16610 lists for $6,260 while the 16613 lists for $9,720. That's a difference of $3,460 for maybe $300 melt value gold.

[Welshwatchman]

Originally Posted by SPACE-DWELLER

Rolex has its OWN gold foundry!

NO Nazi gold there, my friend!

Here is what goes into a standard DD:

"The typical gents Rolex President looks rather impressive due to its large mass and weight not to mention the large price tag that goes with them.But the actual gold value is in a Rolex ? like all gold watches are in reality very poor value for money .Below is a breakdown of a 18kt President . Without the movement, the crystal and other non-gold parts. Each was weighed using a laboratory grade scientific balance.Now all the values were based on the spot price then of gold at $400.00 per troy ounce,so do your sums on todays price.

Now all precious metals are weighed using the troy system. One troy ounce contains 31.1 grams of a particular precious metal. There is 480 grains in one troy ounce.Now If for example we use the above spot price for gold at $400.00 per troy ounce, the value per gram would be $12.86. Using these standards, the actual gold value in the Gents Rolex President would be just $963.27.

The case ring weights 18.5 grams. Contains 13.875 grams of pure gold. It has a value of $178.43.

Case back weighs 7.21 grams.And contains just 5.41 grams of pure gold. It has a value of $69.57.

Bezel weighs 5.30 grams. Contains 3.98 grams of pure gold. It has a value of $51.18.

The bracelet weighs 68.85 grams. Contains 51.64 grams of pure gold. It has the largest value at $664.09.

The total value of the pure 24kt. gold in the average Rolex President is $963.27.Above is based on a 18ct watch."

(by "Padi56")

Must have been an OLD post. Gold is now $825 an ounce.

My 116718 weighs 231g. Take away the movement and crystal, do the 18ct/24ct conversion to pure gold and there is almost $5200 worth of gold in the watch.

Still not good value but a lot more than $900.

[SPACE-DWELLER]

Padi's post is from March 23rd. 2007 in this thread (click!).

I have found the original source of Padi's post, and it is from eBay:

Ebay reviews and guides! CLICK!

I guess eBay's got to update its information.

[padi56]

Originally Posted by Julian,Sea Dweller

So why are the on average £8000/$16000 more than the steel equivelent?

I think they are having our pants down !!

Originally Posted by SPACE-DWELLER

have found the original source of Padi's post, and it is from eBay.

Quite simple any precious metal or diamond watches = huge profit for the manufacturer.And Bo before you quote anything please be sure of your facts.Although ebay has the quote on there site, I can 100% guarantee you that was not my source.

[f16570]

None of this takes into account the time in manufacturing labour cost,etc etc.
But they are still making a healthy profit.
God Bless Consumerism.

f

[Prince]

Originally Posted by crusader

...Do we Rolex wearers have any assurances that they're not using...Nazi gold in our watches...

I suppose not, but that IS a really intriguing concept. However, I prefer the concept that the meteorite dial on the Daytona contains alien DNA, though!

[dr_rolex]

Originally Posted by f16570

None of this takes into account the time in manufacturing labour cost,etc etc.
But they are still making a healthy profit.
God Bless Consumerism.

f

Economies of scale apply in the case of ROLEX. They are making tons.

The markup is incredible.

[jasonbellevue]

Originally Posted by Prince

...I prefer the concept that the meteorite dial on the Daytona contains alien DNA, though!

I like it!