Can someone help explain this to me? Platinum vs WG

[Tools]

You guys are all nuts trying to come up with some value of materials to account for costs.

Platinum watches will always demand more than gold, there are fewer of them to satisfy the market demand. Supply and demand is the rule of economics.

If there was only one stainless steel watch in the world, it would be way more valuable than either gold or platinum watches.

[maximus1]

Many here will try to justify the extra cost. The real question is can you justify the price.

[brandrea]

Originally Posted by Tools

You guys are all nuts trying to come up with some value of materials to account for costs.

Platinum watches will always demand more than gold, there are fewer of them to satisfy the market demand. Supply and demand is the rule of economics.

If there was only one stainless steel watch in the world, it would be way more valuable than either gold or platinum watches.

indeed

[Chiboy]

Originally Posted by Wcdhtwn

Platinum watches are 100% platinum. Gold are 75% gold, pure gold is 24 karat and watches are 18 karat.

Platinum watches are 95% platinum.

There are about a million threads comparing gold and platinum with respect to spot prices, % purity, density and difficulty of working with it.

Buy what makes you happy.

[csaltphoto]

Originally Posted by Tools

You guys are all nuts trying to come up with some value of materials to account for costs.

Platinum watches will always demand more than gold, there are fewer of them to satisfy the market demand. Supply and demand is the rule of economics.

If there was only one stainless steel watch in the world, it would be way more valuable than either gold or platinum watches.

Kind of this. At most, the value of the platinum in the watch is a few thousand dollars. Same with the WG watch. That premium is insane but then again it is a Rolex.

[jonnyz1245]

Originally Posted by Tools

You guys are all nuts trying to come up with some value of materials to account for costs.

Platinum watches will always demand more than gold, there are fewer of them to satisfy the market demand. Supply and demand is the rule of economics.

If there was only one stainless steel watch in the world, it would be way more valuable than either gold or platinum watches.

Exactly this.

[Rocket_Man]

The luxury watch industry has just decided, through convention or otherwise, that the most exclusive references will be made in PT. It is a status symbol among those few who recognize a PT watch from a WG watch. That is why you'll never see that baby blue dial on a SS or WG Rolex, that is reserved for the guy can can afford the PT Daytona. They make fewer, charge more, and can be bought by only a few. The value of the PM, the machining... all far and away second order cost drivers. Primary cost driver.... that you can't get one.

[KFP55]

If Rolex made the EXACT same watch in SS/WG/PT, the difference would be negligible. The fact that the dials etc are exclusive to each material - and since they market well the level of exclusivity of each - the market price of each is reflective of that exclusivity, not the cost of the materials.

[Headhunter007]

Originally Posted by RHIII

Platinum is just more rare than gold - I think annual gold production is roughly 2800 tons where as platinum is 250 tons....that’s an order of magnitude difference....


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Based on commodity price alone...gold is significantly higher than platinum. ~1300 vs 850.

Labor cost to to produce platinum anything...jewelry, watches is through the roof though. That's at least what my jeweler has told me in the recent past.

[tyler1980]

the more interesting question is why that Pt watch was 64k last week now its 68... same watch same seller... that is interesting

to answer your question, putting a Pt watch on elicits a different kind of emotional response than SS and even WG. Nothing can compete with Pt in that regard and why any item is worth any amount of money often depends on things like the response the wear gets from wearing it as its like nothing else. Over the life of the watch, its money well spent IMO

its more than raw material prices and brands are well aware of this

the fact most people won't notice your watch it Pt doesnt matter. You know

[Wedders]

At the end of the day it’s only you that will know what you are wearing. No “real” person will have a clue what it is so you are only pleasing yourself.

[believelandcle]

try on a PT Rolex at some point, whether that be a Daytona or a DD. A PT DD will feel as if it is almost 2x the weight of something large like a YG YM II.

Also, you can polish platinum as much as you want and you never lose material. Each time you polish SS or Gold you're shaving a layer off. PT you're really just moving material around.