ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
9 August 2011, 08:20 PM | #1 |
"TRF" Member
Join Date: Sep 2008
Location: USA
Posts: 1,252
|
Gold vs platinum
I was reading that yesterday gold prices rose to hit parity with platinum. How will this impact watch prices? Will gold and platinum watches be the same price? Thus far it seems like watch makers are still charging large premiums for platinum vs gold but how can they justify that since the metals sell for the same price per ounce? Thanks
|
9 August 2011, 08:41 PM | #2 | |
"TRF" Life Patron
Join Date: Jun 2005
Real Name: Peter
Location: Llanfairpwllgwyng
Watch: ing you.
Posts: 52,269
|
Quote:
__________________
ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder |
|
9 August 2011, 11:08 PM | #3 | |
"TRF" Member
Join Date: Aug 2007
Location: UK
Posts: 788
|
Quote:
|
|
9 August 2011, 11:38 PM | #4 |
"TRF" Member
Join Date: Nov 2010
Location: Manalapan Florida
Watch: Tridor Masterpiece
Posts: 2,819
|
|
9 August 2011, 11:42 PM | #5 |
"TRF" Member
Join Date: May 2010
Real Name: Jared
Location: New York
Watch: Rolex Sub-C
Posts: 110
|
Another factor to consider is that platinum is a lot heavier than gold so a platinum bezel would weigh more than a gold bezel so it would still cost more in precious metal content
|
9 August 2011, 11:46 PM | #6 |
"TRF" Member
Join Date: Jan 2011
Real Name: Anthony
Location: North Jersey
Watch: Daytona 116528
Posts: 3,384
|
|
10 August 2011, 12:36 AM | #7 |
Banned
Join Date: Jan 2010
Location: Aspen, CO
Watch: Swatch KikiPicasso
Posts: 266
|
A SS Daytona sells for more than the TT in the resale market. Clearly the melt value or raw cost isn't of interest to the consumer, and Rolex responded to that resale demand by quickly raising the price of the new SS Daytona from the $6K mark to over $11K US. If we were calculate the "melt value" of the SS in a Daytona watch, we'd be bitterly disappointed.
Platinum is MUCH softer than white gold and won't wear as well. If you doubt my claim, I can link you to a video. If you want durability, get tungsten. |
10 August 2011, 07:43 AM | #8 |
"TRF" Member
Join Date: Sep 2008
Location: USA
Posts: 1,252
|
Two points. First, good point regarding the relative weights. I hadn't considered that...how much does the platinum rolex weigh vs the gold? Maybe 30% more so the same watch should cost 30% more given the weight. Also, someone mentioned that gold is much harder that platinum...isn't it the other way around? Thanks
|
10 August 2011, 11:52 AM | #9 | |
"TRF" Member
Join Date: Mar 2011
Real Name: Kelly
Location: In the Bluegrass
Watch: 116610LN
Posts: 550
|
Quote:
I think it is just the opposite. Quoted from Gillets jewelry website. "Platinum is a white metal, but unlike gold it is used in jewelry in almost its pure form (approximately 95% pure). Platinum is extremely long wearing and is very white, so it does not need to be Rhodium plated like white gold. Platinum is very dense (heavy), so a platinum ring will feel heavier than an 18kt gold ring. Platinum is, however, very expensive. A platinum ring will be approximately twice the price of an 18kt white gold ring (excluding gemstone costs)."
__________________
SubC 116610LN, DJ 16014, GMT16750 pepsi Matte, Explorer II 16570 Polar V, Sea Dweller 16600, Sub 14060 More to come! "Too many watches, too little time"! |
|
10 August 2011, 12:30 PM | #10 |
"TRF" Member
Join Date: Aug 2009
Real Name: Greg
Location: New York
Watch: Rolex
Posts: 514
|
Rolex White Gold is not Rhodium plated.
|
10 August 2011, 12:43 PM | #11 |
"TRF" Member
Join Date: Sep 2009
Real Name: Bruce
Location: Chicago, IL
Watch: Meteorite DD
Posts: 2,161
|
To the best of my knowledge, gold is heavier. If you look at the Periodic Table of the Elements, you will see that the atomic weight of #78 platinum PT (195.084) is lighter than #79 gold AU (196.966569). They are right next to one another on the chart.
http://www.ptable.com/ What makes their weight different in jewelry is the composition, that the added elements to produce 14k or 18k make gold lighter than platinum. But if you compare a one-ounce Platinum coin with a one-ounce gold coin, they are the same size because they are both contain one ounce of the pure metal and are so close in atomic weight. But gold is indeed much softer. Platinum is very hard compared to gold, but that is just a characteristic of the element. Consider that mercury (HG) follows gold on the chart and is a liquid in its natural state, but its atomic weight is close enough to both both platinum and gold (200.59) that if you froze it and minted a one ounce coin out of it, it would also be about the same size as the gold and platinum one-ounce coins, but mercury is the heaviest of the three based on the atomic weight. |
10 August 2011, 01:24 PM | #12 |
"TRF" Member
Join Date: Jun 2009
Real Name: Adam
Location: Orlando, Florida
Watch: Me
Posts: 9,935
|
Great info Jared, I never thought of this either, thank you for opening our eyes
__________________
The richest people in the world look for and build NETWORKS, Everyone else looks for work... Robert Kiyosaki |
10 August 2011, 01:42 PM | #13 |
"TRF" Member
Join Date: May 2010
Real Name: Jared
Location: New York
Watch: Rolex Sub-C
Posts: 110
|
No problem. Glad that I can help!
|
10 August 2011, 02:09 PM | #14 |
"TRF" Member
Join Date: Aug 2010
Real Name: A
Location: SEA
Posts: 473
|
think rolex is 18k gold and pure gold is 24k (999.9). therefore rolex gold is not the same price as the current market price everyone see in the news which is 24k.
|
10 August 2011, 07:26 PM | #15 |
"TRF" Member
Join Date: Jul 2008
Real Name: Chris
Location: usa
Watch: Rolex
Posts: 6,962
|
The cost has more to do with exclusivity than the cost of the base metal or the added cost of extra machining. If a SS sub costs 8k how would they justify a gold one costing close to 30k? I believe a platinum DD costs about 15k to 20k more than a gold DD, this couldn't possibly be because platinum is a harder metal to work or that it is heavier than gold...
|
10 August 2011, 09:19 PM | #16 | |
"TRF" Member
Join Date: Mar 2009
Location: World
Watch: 16750
Posts: 2,719
|
Quote:
The specific weight for AU is 19.32 gr/cm3 so, Pt is specifically more than 11% heavier. In an 18 ct. gold alloy, you only find 75% pure gold, in a Pt alloy, you find 95% pure Pt, so at the end of the day, a Pt 950/- part will be over 30% heavier than the same part in an AU 750/- alloy Exact figures depend on the additional materials, which are used in the alloy |
|
10 August 2011, 09:42 PM | #17 |
Banned
Join Date: Jun 2010
Real Name: Juan
Location: Ponce, PR
Watch: Your Butt
Posts: 1,464
|
I know Platinum is also a lot harder to work with than gold.
|
11 August 2011, 01:24 AM | #18 |
"TRF" Member
Join Date: Mar 2010
Location: Bay Area, Ca
Watch: 116400GV
Posts: 834
|
.
Last edited by springbar; 11 August 2011 at 01:25 AM.. Reason: Redundant |
11 August 2011, 04:40 AM | #19 |
"TRF" Member
Join Date: Apr 2011
Location: Point Blank, TX
Posts: 2,893
|
At the US mint gold coins are stamped once and the Platinum coins are stamped 5 times.
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.