How much Gold is ACTUALLY in a "Solid Gold" Rolex?
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- เผยแพร่เมื่อ 13 ต.ค. 2020
- You'd be surprised how much gold a gold luxury watch contains! But don't take our word for it. See how we take a popular gold Rolex apart and find out its exact gold content by weight.
The watch we used in this picture is the yellow gold Rolex Day-Date 40, reference number 228238, which is going for around $39,000 in the market as of the day this video was recorded (on 10/8/2020).
Typically, the difference in price between similar stainless steel and gold models of a specific watch brand is significant. Some people think that the price difference is due to the value of gold, but is it really? I mean, the watch movement is not made out of gold, since both gold and stainless timepieces of the same model/brand have the same movements. What's different are the other parts, like the case, bracelet, etc.
So we set out to take the watch apart and weigh those parts, then calculate their total value based on the market price of gold, which was around $1,900 a troy ounce (or $61 a gram) on the day we recorded the video footage.
On the video, you'll see our preferred watchmaker, Yuri Lopez from Chrono Sky (Instagram link below), take the watch apart and set each gold piece on a calibrated scale.
/ chronosky
What interesting thing to mention is that during the last 20 year period, from 2000 to 2020, gold outperformed the US stock market (S&P 500) by a pretty wide margin, making an investment in gold during that same period worth 7 times the initial amount!
On a side note, gold luxury watches, whether for men or women, are made in 18K gold, which is 75% gold by weight. On the video, we also compare the gold weight of the watch to a 24K chunk of gold.
After you watch the video, comment how close was your guess...what percentage of the gold watch's price was due to the dollar value of its gold content?
Happy Guessing!
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Chrono Sky Website
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What ..wait what??.. soi i bought this subway NY clunky watch that has 30$k more in overpriced than it's real gold weight 30$k ... 30$k... And it's only 8k of the allegedly good that Rolex pushes us to think it is???... Omg.. arhhggg
Finally someone listens to what the voices in my head be questioning
@Jack Torrance when appropriate. *I* do.
Be not is?
They told you not to buy the watch from the guy with a long rain coat in the subway???
I would have guessed even less, at around 10% to 15%.
Interesting to know, but I love my Day-Date due to her Design and not due to the content of gold 😁
Ditto.
That's an informative video. I always had this question in mind but fortunately came across this video and got my answer.
Not a flashy person to buy a gold Rolex but will go for a stainless steel Rolex watch. Hope that day comes soon.
Full disclosure: The value of the steel in a steel Rolex is roughly 25 cents or 0.002% of the price of the watch. The gold watch is looking like a better value now.
Ha Ha, you're right. The discrepancy is even greater with stainless steel.
Except that the steel Rolex sports models go up in value.
@@calsurflance5598 Depends on your entry price. Everything is cyclical. I've lived through several Rolex bubbles and corrections. I'm old enough to know this one is not unlike the previous cycles.
@@hamealartesto3273
So true. I bought my submariner from an AD at retail and see the secondary market add $1500 to what I paid . When the flippers loose interest the secondary market will soften. I will never sell mine though so (to me)it’s a moot point.
@@calsurflance5598 Sub at retail is optimal. Nice job.
In conclusion, do not buy gold watch for the sake of gold. Purchase stainless and use the difference to purchase actual gold or silver as fiat currency collapses.
Love your summary 👌
But what if the gold in the watch x7 in the next 20 years. You would have 56.000 in gold by 2040.
You don't have to try hard to convince me on gold, after all, it's God's money 😜
how about a two-tone Rolex?
@@xperiahkarc much less gold in a two-tone watch.
The movement is probably worth more than its weight in gold.
No doubt
Luxury watches are highly priced because of the movement the brand uses, so no doubt.
If I wanted an element, I'd buy it directly
Actually no. Worth is not the same as Price. These watches cost a lot because of marketing. When you buy a 10k$ Rolex, you spend about 1000 to 1500$ on the actual watch. The other 8500 is the price of the name 'Rolex'. Let's not fool ourselves. Rolex makes about a million watches a year. It's an industrialized, mostly automated proccess. Their movements are no better than any top grade ETA, and even worse than the Coaxials you'll find in Omegas priced half as much.
@@DerpEye Are you talking about precious metal Rolexes or stainless steel ones?
i'm surprised the springbars are gold, and I don't get the point, isn't steel stronger?
More money on maintenance in the long run for Rolex if it’s made of gold
Agreed. When I saw the springbars on the balance I thought: gold plated, more likely so, and you just can’t make a spring out of gold as, yes, steel is much (MUCH) stronger.
I feel surprised as well but I guess if they do go through the effort to make it 18k gold, it is less likely to scratch the watch when you replace the strap? If you put a harder material like steel against gold it's going to easily damage the surface.
If they use steel springbars, the steel will damage the gold case (the lug holes) in the long run (just slight micromovements when the watch is used), since its by many factors harder than soft gold.
@@TheCatfishBlues It's actually the other way around. Gold abrading against stainless steel eventually damages the steel more than the gold.
I've always wanted to see something like this
Thank you for watching Paul. How close was your guess?
I guessed 192 grams.
I wonder what the precious metal yield of a platinum Day date would be. Lol
IMHO the watch is actually worth $40k quality , appreciation and demand 🤷♂️
@@paulwilson4720 8u8
9
Awesome CRM!!! You guys putting out educational videos like this really helps consumers to be educated. So impressed with your channel, it is getting better every day with new faces on this channel and what each one contributes as a different flavour. Thank you 🙏
Wow man, thanks for that! Yes, we've been trying really hard to add variety to the channel and not just go the one-dimensional route of spitting out watch reviews. The watch/jewelry market is a lot more diverse than that.
@@Crmjewelers Your team really embraced change well. Keep up the great videos, if I am ever around your area will make time to say hello. Toronto Canada 🇨🇦
Thanks man. Yeah, make sure to stop by the store if you're in Miami. Putting a face to the name is always good 😉
Day Date is only available in precious metal, but you can do a comparative price ratio and raw gold value ratio by using retail of a model that comes in stainless, as well as 18k, like a Sky Dweller.
We're going to do a Sub soon.
25% considering a Oystersteel Rolex is about £8K, this one also has diamonds, they be a couple K too.
20%. not far off!
Good guess man. We ignored the diamonds because when all was said and done, they only affected the final figure by around 1%. Make sure to check out our newly released watchmaking magic vids....th-cam.com/video/onEEhW7DZ5Q/w-d-xo.html
I was just searching for exactly this last week and couldn't find the answer until now. Thank your for this video!
Awesome man. Glad we could help.
I had this value proposition when I saw a 1990s 18k Rolex going for $8,500 in 2016-2017. Gold was less but I knew it was perhaps $5000-$6000 on the metal value and the labor value of creating the watch too.
Watches have value because of the engineering behind it, and as it's a store of labor. Gold has a value because of the time it takes to mine, its rarity and its refinement process.
True. Did you wind up buying that 90s Rolex back then?
@@Crmjewelers bad news is no Rolex, but I invested in BABA and FB stock so I had better returns. Have a 1960 18k Universal Geneve Polerouter date, and Tudor BB Steel now
@@pwally2714 nice pieces man, congrats!
The markup for gold tends to be insane, so 20%, considering that the datejust equivalent is already a 10K watch, is pretty good.
Excellent video. May I recommend that you do one for diamond set/factory iced out watches? Would be interesting to see what the diamonds actual worth in relation to the retail price.
Even more brutal . This tiny thingies are practically worthless
I was in the dental laboratory business for 40 years. People were always shocked when they discovered the gold in their gold crown was worth on average $30-40. "But I paid over$1000 for that crown!". Well you were paying me for my labor and overhead and much much more to the dentist for HIS labor and overhead.
Yes, for a service industry (like yours) it is a bit different. The greatest value is your service, not the metal content of the crown.
@@Crmjewelers same thing goes for the Rolex bud....
It's actually more about brand recognition.
I had gold crowns because they were actually cheaper than porcelain/ceramic crowns. The reason being the work/time that went the gold crowns was a lot less.
@@howardmckenna also you never have to worry about them breaking.
I said 26% but I always questioned this for many years love this video it was time for a real break down and you executed it perfectly very good video guys
Thank you David. We were a bit worried because we've never done something like this before, even though it had been a head scratching topic for us for a long, long time. Maybe we should make more videos like these! 😉
A Steel Rolex would be far worse would you think in cost ?
Indeed, the discrepancy in steel is even greater.
Obsolete? Have you been checking price trends? It doesn't sound obsolete.
@Kj Jones I don't think so...
2 things:
- This dial has factory-set baguettes, keep that in mind for the value.
- And holy shit that rainbow daytona!
Really awesome to see the math on this but ANY gold Rolex is holding its value just for what it is. Great video!
Agree with you man, thanks for watching!
13%
I would have initially guessed around 10% as well.
@@Crmjewelers Yes it's 10%...
@@GnrlZBenZ no, it's 20%. Did you watch the video?
@@Crmjewelers HAHAHA savage
@@Crmjewelers Yeah u right, sorry ! On this model it's 20% :) So not so crazy multiplier, Cartier is worse for pure jewelry (not watches).
I actually guessed 20%.. because there is always a 80% chance that you'll get ripped of whatever luxury merchs you're buying.
LOL, It's not that you're getting ripped off. It is what it is 🤷♂️
Im sure that metal in your car cost 1000 times less than your car price haha
At least with this watch you're getting some gold 😜
Certain Rolex’s hold value no matter how much gold it’s made with .
@@rickjames5020 what does it mean, it is like gold that you can cash anytime? If I spend 10k for a Rolex watch and sell it 3 years later and get my money back?
I thought around 15% of the value was the gold but like with any brand the greater value comes from the name. I'd be curious to know who much value the diamonds on the watch face have.
It would be good to see which has the greater value the gold the diamonds or the name.
I guessed 10%. But what surprised me the most, was that the bars connecting the bracelet to the case were made out of gold too. I kind of thought gold would be to soft for a use like that.
The pins that connect the bracelet to the watch are actually steel but the rest of the bar is gold.
@@squanchy9755 hello
Now this is the content we want to see!!!! Thank you for making a unique video.
Thank you so much Hameal. This is definitely the direction we want to take the channel, with much richer content than before.
Very informative video! Honestly it`s more than I thought... Because some stainless steel models are quite expensive and in those cases it can`t be because of precious metal.
True, the material cost vs price comparison is even worse for stainless steel models.
I guessed 20% before watching the video so I’m right on the nose :)
You da man my friend 😉
How does it compares in price with a similar Rolex watch (ideally the same model) made of steel?
They don't have this 40mm model in steel, but in the future we'll make a video about an actual gold model, like a Submariner, that has a steel equivalent to compare.
Yeh but there's a markup for the brand name, quality, craftsmanship etc
Of course. We're not disputing that, just showing how much actual gold is in the gold Rolex and what percentage that is of the actual market price.
It has nothing to do with quality it’s only the brand other quality watchmakers like seiko Make equally quality for less prices
@@timeless3970 don't forget that there are 10 diamonds in the dial...
Only the finest CNC machines are used to create this old world treasure.
When gold is re monetised, a gold rolex at todays prices will be worth its weight in gold. Good investment.
Gold is definitely on our radar as well!
Hi Crm, where can I get to buy the pure gold you compared it to? Also Where's the best place to save that kind of gold for future sale?
I first went for 15% of the whole price, so I'm actually surprise it was more than I predicted
Yeah, my prediction was actually lower than yours 😜
I thought it was closer to 30-40%. Amazing video though! Congrats!
Thanks man. 30% is still close enough. Thank you for watching!
@@Crmjewelers That's assuming it's not plated, Don't you think it's gold plated and not actually made from gold?
@@arunmfive It is not because of the weight ! Gold density is very high, much more than brass or steel (nearly 3 times)
No, it's not gold plated at all. The XRF Analyzer that we used to measure the gold detects 10mm of plating.
CRM, could you please tell me the total weight of the watch before your watchmaker disassembled it? I've read anywhere from 225grams to 250. I'd love to know the exact weight. Thanks.
On our scale, it registered 211 grams.
I actually guessed 25-35% of the price is from gold. I was surprised by how close I was.
You da man Logan!
Logan Weeks good for u
180 grams ? That's way too heavy for a watch, I couldn't wear that on my wrist all day long.
Yes, all gold watches are a bit heavy unless you wear them with a leather strap.
I legit guessed 20% exactly. However, the watch isn't priced for gold alone. Labor on making the watch has to be accounted for, the movement of the watch, engineering, and paying someone to assemble it, plus retail mark up. You don't wear precious metals in raw form, so it's justified that a watch like this comes with a high price tag.
Good guess! Yes, you're right. All of those factors affect the price, but remember that "high" is a very gray area.
No Shit...
So a $39,000 gold watch with only approximately $9,000 worth of gold will have a mark up of $30,000 ? Sounds more like price gouging off of a luxury brand name . Unless the watch is a one of a kind time piece then there is no valid justification for a mark up that high . I'm pretty sure that some of the internal mechanism are used in their other models of Rolex watches because it is massed produced . It's not like you have to wait for the watch to be made on every order , the model watch is sitting in many show case retail stores or stock rooms . It's not even a limited edition in design and technology . There is no $39,000 worth of craftsmanship and materials in the watch but it s mostly $39,000 worth of status symbolism that is being paid for .
I hear you Manny, but I think that another factor that's causing hard assets like watches to become so inflated is a continuously loose Central Bank policy. 🤷♂️
@@mannybruce8950 Yes and no. One thing you should consider is that you're helping to pay quite a few people's salaries when you buy a watch like this. Even if there is roughly $30K worth of profit, that isn't just going into the pocket of one person/company. Rolex employs 4,000 people worldwide. These people are paid very well for the products they put out. Aside from that, there are also the dealers to account for which make a decent commission on the product. I agree it's somewhat of a status symbol, but it creates ways to help the super wealthy shed some of that weight in wealth and spread it around. When you consider non luxury brand watches, like G Shock for example, that you can pick up in Walmart for $200-$400, not a lot of people are making decent money off of something like that. The commissions can't be very high (if any at all), and because they sell in volume, most of the profits go right into the pockets of the manufacturer. I think there is a huge plus side to having luxury brands on the open market by helping a lot of everyday people earn a better living.
I'm guessing 17%, wouldnt be surprised if it was less though.
I thought it was less as well before we ran out little experiment 🤷♂️
I guessed 20%, i should play the lottery now lol
Definitely and send me the winning numbers when you have them 😉
About 15% or less, The watch isn’t selling how much the gold is worth but the whole package which includes the movement and the craftsmanship because Rolex makes everything in the house even there gold bracelets and cases for watches
Definitely man.
Finally a video about this subject! Great job guys! It's even more ridiculous with Platinum watches at the current market value of Pt
Thank you. And just wait until you see the discrepancy for stainless steel 🤦
@@Crmjewelers SS is the standard material for watches nowadays. I'm willing to accept the prices as they are. The ridiculous thing however is the premium brands charge for a SS model compared to the same model in precious metals. It's simply theft in most cases. Charging 25k above the SS model for 120g of 18k gold worth 6000k. Hello Cartier Santos and company 🖐🏻
@@m.e5544 I am so and so not a fan of Cartier ( latest there watches ). I do own a few Cartier glasses and a fountain pen. I did many years ago own a Cartier de must tank watch. 925 silver with gold plate. I took to the Cartier Deal in Europe to get a quote on restoring it with a new leather band etc. The shop to my details and for ages I heard nothing. Was Almost 3 years later when my Girl friend said to me you have a call from Cartier. Me thinking huh. I never called them. So I answer. They asked me if I was still interested in getting my watch restored. I was like...ummm. 3 years too late. It's sold. The service by them I found to be terrible.
40% - my guess was double the actual answer 😂
Damn, I wish.
That was actually a lot more gold then I thought there would be , I figured an oz of gold
I was somewhere in the ball park...I figured 15%.
Gold is actually very plentiful but it is used in a lot of other things. It's real reason for being worth so much, other than because we precieve it to be, is due to extraction. It's a lot of work and logistics.
I was once told that hold Rolex gold is far better quality than any other places...lol, talk about snobbery at its height.
Designing , testing, Gathering raw materials & resources , manufacturing the parts and assembling them and then more testing lol to me it kinda sounds like a lot of hard work
Rolex has their own foundry and a team of Metallurgist. They use superior alloys such as platinum or palladium in some cases to stabilize and inhibit tarnishing. Every other timepiece manufacturer simply orders 18kt. It also allows them unique opportunities to come up with some one of a kind products. The dream dust Dials were a direct result of the research team looking at the gold cooling which created a dream dust look and applying that to there dial making.
Yeah, rolex have the best marketing for sure but they very stale with regards to design, complications, movement finishing and innovation.
They would rather ad rolo at the start of everything than get around to applying AR on thier watches.
Take the boxy ugly sub case, no one really liked it but because of the brand they convinced themselves that it was attractive and toolish, they have finally corrected this after a decade.
Look at the dials of the unique langes.
Or even the movements and complications of thier rivers JLC and Omega....they make a solid but basic watch thats then marketed to hell.
Dont forget the amount of labour to create all the intricate designs that goes into the making!...
Of course. That's definitely a big part of the value. 👍
The all gold day date costs £30k, the datejust £6.3k. The gold costs £6.5k.
Its doesn't cost an additional £16.2k to add a date function and to work with gold.
Its just a silly mark up back those that can afford to wear this don't care about the money.
Its the posers that can't really afford it and buy it that are the real losers.
Look at a 20k Lange and its movement finish, alot of thier cost goes into the craft. Not with rolex.
@Huge Hulk yep, a display of wealth vs buying the best.
@Huge Hulk so people who know watches don't have money? Hmmmm? 🤔
@Huge Hulk I know a lot of sophisticated collectors who like Rolex watches as well. I don't think we can generalize about these things.
20% was my guess, and I was right. I surprised that even so, they used this percentage of gold. I could expect worse: 3-5%
I guessed 30%... My stainless submariner was almost $10,000 the value of the gold content is $0 🤣
LOL, ya think? 😜
actually the hands are white gold in that too so probably a few $
@@pizza.doctor we mentioned on the video that the hands weigh less than a tenth of a gram, so they're at most a few dollars in gold.
@@Crmjewelers don't forget the indices!
The diamonds are worth a lot more than the hands, but even at full retail, they'll affect the final figure by at most 1% total. That's why we decided to ignore them.
I remember asking a Jewler that question and they estimated 25-30% if lucky for a full gold timepiece and they used rolex as the example/benchmark. I don’t think any other brand puts as much gold in their watches... or is there? Could be another video topic. Which brand uses the most precious metals in their watches or which brand gives the most precious value percentage in their watches?
That would definitely make for a nice topic Mohammad. We also want to run this same test on the AP Brick ("the pounder") to see what results we get.
@@Crmjewelers I look forward to seeing that!
I reckon A.P would take the cake if you used the royal oak
Yeah, we're going to do the brick on another video like this one.
Now reassemble it and sell it as new on Jomashop 🤣
LOL, it wasn't new to begin with.
The labor of love that the watchman spent to make the watch flawless what really counts. BTW, I focused on the Panerai of the watchman and not the Rolex being disassembled 😂😂😂.
Ha Ha, another Panerai fan! 😉
@@Crmjewelers I wish I have the Panerai. BTW, I have 4 Rolex watches. My favorite is the HULK 😊😊😊
@@MAC-ez2rq nice man. Congrats!
I would have thought with that kind of price, it would've been approximately 90%. I guess I was a bit off. For around 39 grand, I think all of the gold parts of the rolex should have been pure gold.
Pure gold is way to soft. The watch would break in a week. Even 18kt gold is considered soft. Most watch collectors only wear their solid gold watches on occasion simply because it would become damaged fairly quickly from every day use
@@bluefoo1415 Makes sense. I heard that even silver is a soft metal, though not as soft as gold, and I guess that's why all, or at least most, silverware that's made out of actual silver, is sterling silver, which is like around 90% silver while the rest is other metals. For 39 grand, I guess that rolex was top of the line.
@@Steveman27 but yeah like i find it bullshit how they charge so much more for precious metals then what its actually worth, espeshelly gold chains, there isn't much labour in making gold jewelry. Its always better to buy hand mand gold jewelry from small jewelers in India or the middle east, they only charge for the value of the gold plus 10 - 15% for labour.
I had a feeling we were getting shafted, 10-15 percent I guessed, it’s robbery but as a lot of comments here say there are companies doing worse with plastic and rubber
Ha Ha, true. My original guess would have been close to 10%.
Do you know how much the paper costs in a $100.00 bill? Or how much the ingredients cost in a really nice dinner? How about the material cost of a Rembrandt? The whole concept of this video is silly.
But I made you watch 🤣
CRM Jewelers he missed the point 😂😂😂
I would still love to have this watch! Really you are primarily just paying for the name of Rolex.
Yes, brand name, engineering, design, labor, etc.
I was actually dead on, I guessed 5-8000 in gold or 15-20% price
“We weight each piece of gold one by one” continues to put all pieces on the scale at once
Figurative language 😜
A fallacy in the report but the overall point is a good one. You say most of the price "has nothing to do with the precious metal content." Even though the greater expense may not be from the value of the pure gold content, it could be that an 18k gold Rolex is more expensive to make than a steel one, if a) forming, assembling, and polishing the parts is more expensive with gold (maybe it requires more care or more refined or delicate machinery), or b) maybe Rolex's 18k gold has expensive alloys (the metals mixed with the pure gold to make it 18k) or maybe Rolex has some special way to "mix" its gold. Rose gold, for example, is more expensive than yellow, though it has the same pure gold content. White gold I believe might be 18k, but has silver(?) mixed into it. So, in any of these explanations, the higher price clearly "has something to do with" the precious metal content, even a lot to do with it. But this is all speculation on my part. For that matter, they may even be factoring the cost of transporting or insurance or any other considerations that wouldn't apply with steel.
Still, excellent point that it is nowhere near $20,000 worth of gold. Excellent education of consumers in this message. I have often wondered this question. Depending on how accurate my speculations may be, the point definitely stands, probably 90-95-99% accurate. Thank you for the fascinating, very informative video!!
They showed the actual metal content in the video, the 25% are almost 50/50 silver and copper, pretty standard alloy for gold jewelry. And making the parts isn't much harder than it would be with steel either (movement isn't made of gold anyway, other parts are rather straight forward).
The price of a Rolex has almost nothing to do with how much it costs to make, just how much the pimps are willing to pay for the brand on the dial.
Rolex actually says that to them, gold is easier to work with. After all, gold is the most ductile metal on this planet.
at first i was like, its pobaply 10 and the i said, nah it must be like 20% ore somthing
Good recover Aiden 😉👍
What size watch was that?
"The price of the watch has nothing to do with it's precious metal content" of course even the steel watches cost rolex a few hundred at the most to make which they sell for thousands.
But it's still interesting to know how much gold the watch contains 😉
@@Crmjewelers yeah true wish I would bought gold back when it was cheap and sold it today at it highest
My guess was 30% and I thought that was low. Thank you for giving me a quantitative reason not to buy a gold rolex apart from the fact that i dont have £30-40k. Audemars Piguet gold watches are even more expensive than rolex, so the 20% for rolex is probably only 10% for AP.
Thanks man. AP is the next video like this we want to do.
And Audemars Piguet, especially the RO Off-shores has rubber bracelets instead of gold, yet it’s prices are higher than full gold Rolex President. Of course they are also only 18 karat gold, you don’t want your watch deformed midway to lunch.
But again it begs question, are you buying high-end timepiece with its known watchmaking history or are you only buying gold?
This was a great video, very informative. Please keep up the great work ✅
Thank you James. This is definitely the direction that we needed to take our channel in for a long time, with more content variety and depth, not just watch reviews.
Thinking 47%
Will edit this after lol
Edit:
Well then...😂😂😂 I was way off
It's all good man, we're planning on doing a lot more videos like these going forward comparing other brands and models.
@@Crmjewelers the concept of this video is amazing, can’t wait for more of these!
Subbed too 😎
@@1order373 really appreciate that, thank you!
So which is the most value for money gold watch in the market?
I have a vintage 36mm Rolex DayDate Reference 1803 with a presidential bracelet (version with hidden clasp) in 18k yellow gold. The watch weighs a total of 127.5 grams. I once disassembled the watch because I had installed a new dial to it and then weighed all the gold parts. The Rolex movement 1556 with dial and hands had a weight of 23 grams and the acrylic glass another 2.5 grams. The bracelet, watch case, case back and crown together had a weight of exactly 102 grams. But only 75% of these 102 grams are pure gold. That's 76.5 grams. That's 4,600$ of precious metal.
That watch is smaller than the DD40, but your calculation sounds about right.
@@NorthCoastBob I bought it in 2013 for 5400 Euro in a pawn shop here in germany. Nowadays you have to pay double the price to get a 1803 on a Presidential bracelet together with original box.
Thank you for posting this as I have a 18248 bark finish Day Date and was curious about ours vs. their 40 mm. Cheers🥃
Now that was a good video! Thanks for sharing, I learned a lot. 👍🏻
Thank you Frank. We've been meaning to record this video for quite some time now.
I don’t think it’s just the gold content. I think it’s the craftsmanship of placing the gold on the watch and everything else.
Yes, of course. We're not saying otherwise. You have engineering as well.
Actually surprised the material cost is around 20%, I'd have thought it would be 5-10%. Rolex could have changed more
I actually thought it was closer to 10%. On some older watches, the percentage should be higher and we'll be testing other models as we move forward to see where they stand.
I guessed 10%. With these watches you are paying for the name more than the metal. Even stainless steel Rolex watches cost a lot, and we all know how cheap steel is.
Exactly Paul. For stainless watches the discrepancy is even greater.
they are not chinese steel, it is 904l
Which it was 100%, but for that, we can just buy gold! 😉 Great video!
Thanks man. Really appreciate it.
What about the ceramicinlays for the pins inside the bracelet? Its not much shure but still a gram or two
I thought it was somewhere around 30% but it's shockingly 10% less than I expected
I mean, I thought it was closer to 10% 🤷♂️
This video is so much more professional compare to before ! 👍🏻
Thank you Shayn. We think so too, but yet some people were complaining that they wanted us to go back to the watch reviews of long ago 🤦
Judging on how expensive rolex are retial made of steel Id say 20%
Did you peak?
It's about what I thought. a Platinum President would be very interesting to see as they consist of a total of 2 precious metals, 95% Platinum and 5% Iridium. if the Gold weighs in at around 130 grams and comes out to over $8000, I wonder how Platinum would compare seeing as it has such a higher concentration in the watch, but is priced much lower than Gold. Then to see what a 5% Iridium concentration works out to be weight wise. It has a price of approximately $6100 US per ounce so I wonder if combined with the Platinum content, and with the watch being a much higher price, would it exceed the 20% of precious metal that the Gold President's price contains?
Too bad Rolex’s “proprietary oyster steel” is softer than their gold lol.
Lol, low blow.
Lmao I actually guessed 20%. You don’t need to believe me I know in my heart I got it right
I believe you Benny and know you're a man of exactitude 😉
I guessed at the start $9k so wasn't too far off.
I said $9K because your paying for the brand and engineering but I was surprised it was that little!
Thanks for guessing man. Get ready for our analysis of Rolex's biggest gold watch today.
People do not buy gold Rolex watches for the amount of gold in contains but for the aura, prestige and the glamour it carries. Besides the look and immaculate workmanship of Rolex is a joy forever.
No they don't. This video is not about that.
Something I would add is that watches that are desirable such as the one in this video will no doubt appreciate in value. You will for sure get at least or more than what you paid for
How do you determine if a watch is "desirable?" 🤔
I’ve learned something new today.
The our objective is met 🙇
I'm actually pretty shocked at how wrong my guess was... lol I expected 70%-80% of the cost to be Gold.
🤞🏾
The value of the crystal on the watch, which on Rolex timepieces, is actually sapphire, is fairly substantial as well.
I honestly thought you were going to say a super low number like only 500$ in gold or something. Lol
When you buy this kind of watches you are not actually looking on the value of the gold or even if the watch is correct installed. But you can also see this as an watch enthusiast and say you pay for the movement which was made in hundreds of hours in hand made.
True, but given the importance of gold in today's market, it's still helpful to know how much you're getting. 😉
Sorry to disappoint you but the movement is hand assembled but not hand made. They are mass produced, machine made.
My guess was 20%! I loved this video thank you.
Thank you Brian. Really appreciate it!
the steel rolexes are usually more expensive then the gold ones since they are more desirable, in watches the build material isnt everything..
That's something that can happen with vintage models.
People, you aren’t buying a piece of gold as investors you are buying a Rolex timepiece of incredible workmanship that is finished in gold. The two purchases are not comparable!!!!
No one in their right mind would suggest that the price of a horological piece of art should be close to its weight in gold. That's not what the video is saying. It's just trying to kill a curiosity many people have.
@@Crmjewelers I can accept that wholeheartedly, wish you had been clearer for the business guys out here. We aren’t all just consumers.
No problem Mr. Muir. My pleasure, anytime 👍
@@Crmjewelers it’s Bob -;)
That’s why You’re better off buying stainless steel watches !!
Not far from the truth 🤷♂️
Lol I’ve always wondered this exact question
I'm glad we could be of service Sean 😉
Thanks I have trouble finding this info. I want to buy a Yacht Master 42 in white gold and want to know the grams of gold and no one can tell me.
thank you I was trying to explain this to my 1k an hour call girl you just got me a free hour
Glad I could be of service 😜
Just proves my point, Rolex the most overrated expensive watch out there!!! Your paying for a name that has been very well marketed. In the late 50-60s rolex were a mediocre watch brand running along side Mido for example. Some of the Mido range were more expensive than Rolex, but then Rolex brought in a very good marketing team. There’s really nothing special about Rolex, the movements they use are quite basic (but reliable) there are plenty of watches available today they may not have the reputation of a name like Rolex but certainly just as good if not better.
You can call it marketing, mass hysteria/brainwashing or whatever you want, but in all fairness, Rolex watches have also proven to be good investments in general over time. The proof is in the pudding 🤷
The good thing about a Rolex is it holds it's value very well. You can probably sell the watch and earn a profit after owning the watch for years. That is if you can afford one. I can't see myself owning a Rolex ever. No matter how much I save I have other more important spending.
There is nothing average about Rolex. If you think there overpriced compared to other watch company’s you should do more research
being in the gold mining industry myself..am glad someone put a face to our products..its very expensive to even extract from the ground let a lone where on a hand...
Awesome man. Where the the mines you work at located? We love gold and precious metals.
Very well said my friend For a big 🤐
I guessed about 5 grand, nice to see it's actually more than that
Thanks for watching and guessing man 👍🙇
Great video! What is the name of the song that is playing at 1:28m
Without calculation I guessed exactly 20%😂
You gotta play the Lotto more often then 😜
@@Crmjewelers true intuition ;)
part of that $39k price tag is paying for the movement and the r&d involved with creating that movement. not to mention the brand name of Rolex (marketing especially). not justifying the $39k price tag here, but just mentioning it in case others were wondering where part of the other $30k went (the movement and r&d of it is often overlooked).
Yes, of course Jerick. Thank you for commenting man.
I said 20...and 9000 of the price of the watch in gold so ..watching gold and watch videos is making me an expert..lol
Each of these waches are one piece of art and thats where the price cames from.