ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
9 April 2006, 10:16 PM | #1 |
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Gold Value In All Gold Watches.
Using these parts the actual gold value in the Rolex President can be determined as follows.
Case ring weights 18.5 grams. Contains 13.875 grams of pure gold. It has a value of approx $178.43. Case back weighs 7.21 grams. Contains 5.41 grams of pure gold. It has a value of approx $69.57. Bezel weighs 5.30 grams. Contains 3.98 grams of pure gold. It has a value of approx $51.18. The bracelet weighs 68.85 grams. Contains 51.64 grams of gold. It has the most value at approx $664.09. The total value of the pure gold in this Rolex President is approx $963.27.this s based on 18ct models 14ct would be quite a bit less.
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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 |
10 April 2006, 12:11 AM | #2 |
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just goes to show how ridiculous it is for rolex to charge such a premium over their ss models
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10 April 2006, 12:43 AM | #3 |
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It's not just Rolex - every watch manufactuer does the same thing. For instance my JLC Master moon was $8,000 Canadian list price in SS, and the rose gold version was $16,000 list. I don't have the weight but am pretty sure there isn't $8,000 worth of gold in the watch!
I'm sure there are other costs associated with gold (moreso with platinum) materials that are over and above the cost of the material alone. For instance I'm sure the gold is secured differently than SS is, and of course it costs more in inventory carrying costs to have gold on hand, likely different tooling would be required to cut it as compared to SS, etc. But still, I'm sure all those things don't justify the price increase...... |
10 April 2006, 04:10 AM | #4 |
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Realistic post, Padi...thanks. Probably the one sound reason why TT models are not that popular and are available easily as compared with the SS sports ones. The amount of gold in a TT is literally bugger all as compared with the enormous price difference between a similar SS and TT model.
JJ
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10 April 2006, 04:11 AM | #5 | |
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10 April 2006, 04:12 AM | #6 | |
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10 April 2006, 07:22 AM | #7 |
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However:
Gold is much softer and the tooling therefore would last much longer. Gold is much softer and the longevity of the watch proportional. Gold (YELLOW) gold has a greater bling factor!! But Platinum my friend is the epitome of hedonistic understatement. Yeh, Mrdi |
10 April 2006, 10:30 AM | #8 | |
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10 April 2006, 11:49 AM | #9 |
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Have you seen Patek's new automatic chronograph? Cover of Watchtime...
In the article the Patek rep/US Pres says they made the case out of Platinum partly so the resulting high price would lower demand, as they expect demand to be high and they can only make so many... Clearly, if Rolex and others were to price their gold models closer to their actual worth, they would not be able to keep up with demand... or not, just a thought Last edited by RandyS; 10 April 2006 at 11:50 AM.. |
10 April 2006, 12:45 PM | #10 | |
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10 April 2006, 12:51 PM | #11 |
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I think they do the pricing for the "exlusivity" only. Add Gold, limit quantities & jack up the price.
Just My opinion....
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10 April 2006, 05:06 PM | #12 |
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Cost of Platinum?
Be very interested for a comparative breakdown on the cost of Platinum in a DD President given that it is almost twice the price of a YG DD with President.
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10 April 2006, 06:18 PM | #13 | |
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Working Metal Prices Monday 10th April 2006 : Last Changed Date : 10-04-06 Todays Gold Price : £ 341.02 UK Platinum Price : £ 622.85 Gold Price : $ 594.60 Platinum : $ 1,086.00 Todays Exchange Rate : $ 1.7436 Scrap value Based in grams 9ct 100% Fix gms: £ 4.11 9ct 98.5% Fix gms : £ 4.05 9ct 98% Fix : £ 4.03 9ct 97.5%Fix : £ 4.01 14ct 100% : £ 6.40 18ct 100% : £ 8.22 22ct 100% : £ 10.05 24ct 100% : £ 10.96
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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 |
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12 April 2006, 12:42 PM | #14 |
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Padi -
Very informative. I knew there wasn't a lot, but I had no idea it was so little. Sure makes the prices seem crazy... Great info - really enjoyed
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12 April 2006, 02:19 PM | #15 |
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I've always wondered the same thing. I knew they jacked us worse than the oil companies.
Thanks for the info.
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12 April 2006, 10:28 PM | #16 | |
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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 |
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12 April 2006, 10:48 PM | #17 |
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Consider this too...
I've seen watches like Croton and other online/TV type brands, where they have 18K gold cases and bracelets, with a solid ETA movement in them, going for under US$1,500. Since they can still make a helluva profit on that asking price, you can imagine the type of profit a 'real' watchmaker takes in. Of course, when you buy a Rolex, most of the purchase price is for the name, IMHO. Sure it's a tough watch, but so much of the price/marketing is built around their namesake. |
12 April 2006, 10:52 PM | #18 | |
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Despite the high cost of living, it's still very popular. Tosser Cabinet Member Official Member: 'Perpetual 30' Vegas International GTG 2016 Official Member "WIS-CON" Las Vegas International GTG 2017 Official Member "WIS-CON" Las Vegas International GTG 2018 Official Member "WIS-CON" Las Vegas International GTG 2019 |
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12 April 2006, 10:58 PM | #19 | |
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Yep, I agree. Despite the high cost of living, it's still very popular. |
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12 April 2006, 11:01 PM | #20 | |
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Despite the high cost of living, it's still very popular. Tosser Cabinet Member Official Member: 'Perpetual 30' Vegas International GTG 2016 Official Member "WIS-CON" Las Vegas International GTG 2017 Official Member "WIS-CON" Las Vegas International GTG 2018 Official Member "WIS-CON" Las Vegas International GTG 2019 |
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13 April 2006, 04:50 AM | #21 | |
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Words fail me in expressing my utmost thanks to ALL of you for this wonderful support during my hour of need!! I firmly believe that my time on planet earth is NOT yet up!! I shall fight this to the very end.......and WIN!! |
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13 April 2006, 05:05 AM | #22 |
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If we can get JJ to stop buying TT Rollies every 6 months,this would stop the NZ Market of Gold.
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13 April 2006, 05:06 AM | #23 | |
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Words fail me in expressing my utmost thanks to ALL of you for this wonderful support during my hour of need!! I firmly believe that my time on planet earth is NOT yet up!! I shall fight this to the very end.......and WIN!! |
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